[ANN] TenX: Making Blockchain assets spendable

[playgrounder]

Few questions

1) You have an agreement with visa and mastercard currently? If so, anywhere I could read about this please?

2) In the roadmap it says 2020 for the banking license but the token sale says it is apart of tier 4 which is the 200k ETH goal. So I have to ask will the banking system be launched possibly earlier than 2020, or is the COMIT liquidity (tier 4) completely different from the 2020 banking license?

3) Like others mentioned the 40k ETH on the waitlist are they guarnteed to be in on the token sale, or is it first come first serve come on the 24th?

To me this project has much promise. Looking forward to hearing a reply, thanks in advance!

Great questions, here are the answers:
1. We have the agreements - no contracts are online if that is what you are asking. Also, both companies prohibit any cryptocurrency company to post the relationships on their website. I can guarantee you, that anyone who is doing this right now, will not do it for much longer. You can simply try our card if you want to see for yourself.
2. Correct, we try to do everything as early as possible.
3. First come, first serve, even for this waitlist that did not get in during the presale - the smart contract blocks any other transaction before the 24th of June. We want it to be fair for anyone.

Hope that helps - we have done a large Q&A earlier today here: https://www.facebook.com/tenxwallet/videos/1903563669860837/

[playgrounder]

I've been looking for the visa information as well

Visa has no news about such an agreement.
Seems that the product is not that ready in contract level.
Sadly this might be the hardiest and the most significant milestone to achieve.

Here is the fun part: We already have everything working since the beginning of the year and many users can confirm that - AND we will have global availability next week, so even though we are not allowed to publish contracts with companies (seriously, who does that anyways???) you will see it all being correct.

No credit card company will make any announcement that they are working with cryptocurrency companies right now - research it yourself. But hey, we are working with them.

[DoctorTussin]

I've been looking for the visa information as well

Visa has no news about such an agreement.
Seems that the product is not that ready in contract level.
Sadly this might be the hardiest and the most significant milestone to achieve.

Here is the fun part: We already have everything working since the beginning of the year and many users can confirm that - AND we will have global availability next week, so even though we are not allowed to publish contracts with companies (seriously, who does that anyways???) you will see it all being correct.

No credit card company will make any announcement that they are working with cryptocurrency companies right now - research it yourself. But hey, we are working with them.

Thank you for the clarification.

[playgrounder]

On Sunday 9pm Singapore Time we are running a Q&A webinar specifically for COMIT. If you want to join, sign up here: https://app.webinarjam.net/register/29778/d7754af55b

[rkp13]

This project looks promising but still hesitant to invest as we lost quite good amount on much hyped project token card.

[papajamba]

This project looks promising but still hesitant to invest as we lost quite good amount on much hyped project token card.

If i may ask, how'd you lose? What was the original value pre and post ico?

[playgrounder]

This project looks promising but still hesitant to invest as we lost quite good amount on much hyped project token card.

Yeah, understand, but one thing is to promise on an idea like Tokencard did, the other thing is to HAVE A PRODUCT, like we do at TenX. You will get benefits from the very beginning, as OUR PRODUCT IS LIVE!

[2econd]

If this isn't just an empty promise it'll be wonderful (and fees are reasonable & token valuation correct!!). Making the cliff between crypto and fiat a whole lot smaller.

[pabloangello]

What I understand from this link -> https://tokensale.tenx.tech/#/close  You already have 100k ETH from presale? Which is about $35000000 ($35mln) before standard token sale even started? Really?

[2econd]

Could someone explain to me how the exchange valuation is established between a crypto and USD/EU?
Perhaps I buy new sneakers with Eth but my Eth is worth 10% less than on the exchanges.

[playgrounder]

What I understand from this link -> https://tokensale.tenx.tech/#/close  You already have 100k ETH from presale? Which is about $35000000 ($35mln) before standard token sale even started? Really?

Yes, really. And if you consider buidling a team of 250 people within 2 years, getting a banking license and having enough liquidity for a network that connects any blockchain it is not a lot.

[2econd]

Hmm a huge 100k eth in the presale... MINIMUM of 125 Ether. This was to exclude whales? Eh...
This seems to exclude the little guys, to include whales, who will gather on the actual sale as well.
As far as distribution goes, I have to give you a big fat -1 for now!

[playgrounder]

Hmm a huge 100k eth in the presale... MINIMUM of 125 Ether. This was to exclude whales? Eh...
This seems to exclude the little guys, to include whales, who will gather on the actual sale as well.
As far as distribution goes, I have to give you a big fat -1 for now!

I think you don't get that this is what makes a great distribution:
-whales during the presale fully structured
-smaller contributions during the regular sale

Please let me know how you would make this any better... I am waiting.

[2econd]

Little guys are unable to reach the 125 Ether minimum. Whales can get their hands on the tokens even before anyone else can. Whales 1 little guys 0.

And what is to keep whales from accumulating during the actual sale?

I read, half goes to whales with certainty
Half goes to anyone, but still a huge advantage to whales who will manipulate with gas and what not.

I bet I won't have much of a chance to buy for my measly little 1 Ether, and I will be there when the timer hits 0.00 too!

[zahra4577]

Sorry to repeatedly asking the same question but I unless I heard it straight from horse mouth I will keep repeating   what is the minimum amount that can be inveated ?

[2econd]

Sorry to repeatedly asking the same question but I unless I heard it straight from horse mouth I will keep repeating   what is the minimum amount that can be inveated ?

What? It is right there on the initial post. 10 tokens is the minimum

[playgrounder]

Sorry to repeatedly asking the same question but I unless I heard it straight from horse mouth I will keep repeating   what is the minimum amount that can be inveated ?

0.05 ETH minimum

[playgrounder]

Little guys are unable to reach the 125 Ether minimum. Whales can get their hands on the tokens even before anyone else can. Whales 1 little guys 0.

And what is to keep whales from accumulating during the actual sale?

I read, half goes to whales with certainty
Half goes to anyone, but still a huge advantage to whales who will manipulate with gas and what not.

I bet I won't have much of a chance to buy for my measly little 1 Ether, and I will be there when the timer hits 0.00 too!

So, instead of criticizing, why don't you make a constructive suggestion in how to make it better than we already did?

[pabloangello]

Whales will always invest in whatever they want, thats why they are called whales.

On which exchanges first TenX token will be possible to trade?

[2econd]

Little guys are unable to reach the 125 Ether minimum. Whales can get their hands on the tokens even before anyone else can. Whales 1 little guys 0.

And what is to keep whales from accumulating during the actual sale?

I read, half goes to whales with certainty
Half goes to anyone, but still a huge advantage to whales who will manipulate with gas and what not.

I bet I won't have much of a chance to buy for my measly little 1 Ether, and I will be there when the timer hits 0.00 too!

So, instead of criticizing, why don't you make a constructive suggestion in how to make it better than we already did?

I just don't see how the presale helped in any way. Except for letting whales skip the queue. That is my constructive criticism here
I know whales are a pain, and it's difficult to contain them. But this seems to open the gates fully, let them run rampant. I'm not familiar enough with 'logistics' to provide ideas, because options are easy to come by, but realistic ones I'm not sure. I mean, if there is a minimum amount, can't there be a maximum amount of investing?