[ANN] TenX: Making Blockchain assets spendable

[lilRoy07]

Monster dump is imminent. FUD stock is TenX.

I had a small amount, and regretfully held it way to long.

CYA TENX

[Transformers]

https://youtu.be/rUHlU2GWNF4
The right Valuation of TenX PAY
https://hackernoon.com/the-right-valuation-of-tenx-pay-4fd640698e9b

[Vitaliy75]

https://youtu.be/rUHlU2GWNF4
The right Valuation of TenX PAY
https://hackernoon.com/the-right-valuation-of-tenx-pay-4fd640698e9b

The price of this shit is 1USD? Then I'm an idiot that did not sell PAY for 6USD !!!!

[connexus]

I couldn't find Vitalik's endorsement post anywhere in the OP or did I miss it some where? so you managed to bring companies such as paypal and visa in to the decentralized sector, but how could that combination work? paypal and visa block my country from using their services, I guess even with the so called decentralized PAY I'll be using bitcoin for the time being.

I am also interested in this, please post more information about official endorsements and statements.
Specifically some info about Vitalik investing and speaking his mind about this.

There is no official statement about the endorsement as far as I know. Vitalik did not invest on TenX during the ICO, he only serve as an advisor.   

[zoata87]

it's falling too much and fast,I lost a lot of money friends
how much more will fall,damn it 

welcome to cryptoworld my friend, try to hodl this coin for long term and not short term

[supertee]

As long as you don't sell the coin now, you did not make any loss. As simple as that. Just wait a week or two and everything will look different.

[aqzu]

As long as you don't sell the coin now, you did not make any loss. As simple as that. Just wait a week or two and everything will look different.

The case is different when you buy at high price.

either it will reach its price or btc will make it nose dive even more.

the choice is yours. as mine. it is better to sell it.

[supertee]

During the last video the announcement was made, that they have big news, but cannot say when. Maybe two weeks, maybe 2 months. However, if the news are that big, you will still make profit.

[wrfitz]

https://youtu.be/rUHlU2GWNF4
The right Valuation of TenX PAY
https://hackernoon.com/the-right-valuation-of-tenx-pay-4fd640698e9b

The price of this shit is 1USD? Then I'm an idiot that did not sell PAY for 6USD !!!!

What garbage!  I wonder how this guy would value bitcoin, you don't get anything for holding it and there are no comparable businesses... so its worthless right?

LULZ

Not really sure if its even possible to value a crypto (not yet at least), its worth how much people are willing to pay for it... look at what Ethereum did this year.  Nothing really changed but the price sky rocketed.  If anything id say all semi-decent cryptos are set to rise for the next few years at least with new money flowing into the crypto market all the time.  With Cryptos as popular as they are today, I still struggle to find people who have even heard of bitcoin.  If these things hit the mainstream then lots of new money will keep pouring into crypto.  If bitcoin goes up, so does everything else as it represents cryptocurrency in general as it has market dominance.

The real question is, what cryptos will still be around in a few years time.  That is why a pipeline of work is so very important.  I am confident in TenX's pipeline so my opinion remains... HOLD!

The price COULD hit $1 at some point, but if it does I will buying it

[Wekkel]

The TenX PAY tokens is clearly tied to a certain dividend stream and this dividend stream only. As an ERC20 token, there is nothing additional to it that would give it speculative value (there is no 'app' attached to it other than this dividend). So yes, price is way to high and should come down before investors that pay attention are willing to take a gamble. I noted this also: https://steemit.com/tenx/@wekkel/the-tenx-play

The Token
The Token. Please forget about it for now:

the token is an ERC20 token, held in an ETH wallet
official named Tenx PAY tokens
the token does not represent anything but a dividend right
the dividend right boils down the following
the total amount of payments made via TenX (over a certain period)
0.5% thereof
this 0.5% part divided over about 200,000,000 TenX tokens
to be distributed on each Tenx token as ETH (if held in private ETH wallet)
so in a realistic scenario: paying zilch compared to the risk vs current exchange price of TenX tokens
To clarify:

a quick look that non-cash payments worldwide are about $400-500 billion annually
let's say that in a rosy scenario (e.g., full penetration worldwide and without competition), TenX grows to 10% of that payment stream
that's $40 billion. Doing the math (($40 billion * 0,5%) / about 200 mln), one single token will pay $1.
So if TenX becomes the gold standard of crypto card payment, each token will pay annually $1. The current price of TenX is $4. So TenX tokens have an annual yield of 25% under the most rosy scenario. Not bad in a near zero interest rate environment.

But in a less rosy scenario (let's say, 10% of the rosy scenario) which is not unlikely given competition and friction in reaching audiences worldwide, the yield of TenX tokens would be 2,5% at current price ($0.10 / $4 * 100%). With the risks associated to cryptocurrencies, not a price for which you would sell your house, your wife and kids for an enormous bag of TenX tokens.

So from my perspective, the fireworks is not in the TenX token (although it could and probably will be pumped to 10-100 times price perfection).

Everyone is free to speculate and perhaps the numbers do not matter, but for some people the numbers do matter. The relentless price decline proves them right.

[kevingreen]

This is a good coin

[franc0]

Guys there is a big error. everyones thinks that the dividends will be split / 205M That's a big mistake.

The dividends are going to be divided by much less than 100M tokens. They just confirmed in the slack that the 100Million tokens they own (around 49%)which are now in 5 multi signature contracts are NOT going to receive the dividends nor the Exchanges Addresses. So according to my numbers only around 74 million tokens will receive Dividends.


 

[WGXtreme]

Guys there is a big error. everyones thinks that the dividends will be split / 205M That's a big mistake.

The dividends are going to be divided by much less than 100M tokens. They just confirmed in the slack that the 100Million tokens they own (around 49%)which are now in 5 multi signature contracts are NOT going to receive the dividends nor the Exchanges Addresses. So according to my numbers only around 74 million tokens will receive Dividends.


 

BUT BUT... the fud said...

I don´t really mind at the moment, the dividents will be very very small for now as there are not many cards going around. Once they start pushing out the cards, the dividents will get more interesting!

[miningguru]

The TenX PAY tokens is clearly tied to a certain dividend stream and this dividend stream only. As an ERC20 token, there is nothing additional to it that would give it speculative value (there is no 'app' attached to it other than this dividend). So yes, price is way to high and should come down before investors that pay attention are willing to take a gamble. I noted this also: https://steemit.com/tenx/@wekkel/the-tenx-play

The Token
The Token. Please forget about it for now:

the token is an ERC20 token, held in an ETH wallet
official named Tenx PAY tokens
the token does not represent anything but a dividend right
the dividend right boils down the following
the total amount of payments made via TenX (over a certain period)
0.5% thereof
this 0.5% part divided over about 200,000,000 TenX tokens
to be distributed on each Tenx token as ETH (if held in private ETH wallet)
so in a realistic scenario: paying zilch compared to the risk vs current exchange price of TenX tokens
To clarify:

a quick look that non-cash payments worldwide are about $400-500 billion annually
let's say that in a rosy scenario (e.g., full penetration worldwide and without competition), TenX grows to 10% of that payment stream
that's $40 billion. Doing the math (($40 billion * 0,5%) / about 200 mln), one single token will pay $1.
So if TenX becomes the gold standard of crypto card payment, each token will pay annually $1. The current price of TenX is $4. So TenX tokens have an annual yield of 25% under the most rosy scenario. Not bad in a near zero interest rate environment.

But in a less rosy scenario (let's say, 10% of the rosy scenario) which is not unlikely given competition and friction in reaching audiences worldwide, the yield of TenX tokens would be 2,5% at current price ($0.10 / $4 * 100%). With the risks associated to cryptocurrencies, not a price for which you would sell your house, your wife and kids for an enormous bag of TenX tokens.

So from my perspective, the fireworks is not in the TenX token (although it could and probably will be pumped to 10-100 times price perfection).

Everyone is free to speculate and perhaps the numbers do not matter, but for some people the numbers do matter. The relentless price decline proves them right.

Yes, these predictions will give some ideology to the people who don't have any knowledge how the dividends platform works. Even till now I don't know That Tenx will pay dividends on every three months.

[franc0]

Yeah, but the people made their calculations very wrong lol, 131M wrong. Results are more optimistic.

If they reach Half milestone:

With 50 million users x 100$ average monthly spending x 12 months x .005 (.5%) = 300,000,000 / 74 million tokens = 4.05 per token annually.

So with a quarter of half a milestones (12.5 Million userS) =1$ per token annually.

With the full milestones (100 million users) = 8$ per token annually.

[minime0105]

For ICO buyers, do you earn rewards about TENX ? they said you earn tokens depending on users using the application to pay, is it working ?

You will receive dividents based on the number of pay you have.
As far as i know this hasn't been activated yet as the product is still in Beta.

It might take months to be functional, but dont worry, just keep accumulating now, it will be worth it all in the end for sure.

[.cryptic.]

For ICO buyers, do you earn rewards about TENX ? they said you earn tokens depending on users using the application to pay, is it working ?

You will receive dividents based on the number of pay you have.
As far as i know this hasn't been activated yet as the product is still in Beta.

It might take months to be functional, but dont worry, just keep accumulating now, it will be worth it all in the end for sure.

Any tentatative ETA for reward sharing to go live? I dont think it will take many more months to get activated.

[kevingreen]

Very optimistic keep it up

[someonesomeone]

This is indeed very good news which will very nicely increase our dividends. Now if I would only get my card so that I can start using it that would be awesome

Guys there is a big error. everyones thinks that the dividends will be split / 205M That's a big mistake.

The dividends are going to be divided by much less than 100M tokens. They just confirmed in the slack that the 100Million tokens they own (around 49%)which are now in 5 multi signature contracts are NOT going to receive the dividends nor the Exchanges Addresses. So according to my numbers only around 74 million tokens will receive Dividends.


 

[saugwurm]

What many of the analysts have completely forgotten is that TenX has to buy back tokens from the free market (they won't use their PAY reserves for this) to pay the incentive for the card users in PAY. And that will be a huge amount of tokens. I think it'll drive up the price as soon as the feature is unlocked. Also this incentive drives the people even more to use the card more often.