someonesomeone
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November 29, 2017, 11:03:40 AM |
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Open up a support ticket. They are quick to answer and will guide you/help you out. I mentioned that I struggled a bit on KYC level 2. Apparently, if KYC is rejected, the button 'upgrade KYC' becomes available again in the app. No further message or warning. Via a Google search I learned that the reason for rejection of level 2 KYC can be found under Account Settings. Apparently, my 'proof of address' was rejected. I sent a copy of my tax application for vehicle tax: cannot become more official than that but apparently that is not good enough for TenX Trouble is that all utility services are registered on the name of my partner. So how to proceed?
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Crypto_rocker
Newbie
Offline
Activity: 45
Merit: 0
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November 29, 2017, 12:34:40 PM |
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Ten X will be good, and if you already invested then congrats...but... Centra cards will be shipping out around the same time as everyone else And ALSO in the US...this might be a good second choice to Ten X just because it has such a low price at the moment as has the potential as all the other cards...I think it is a great market what TEN X and Centra are in...people new to coin base and new to crypto want to actually use the crypto...now we all can...BOOM.
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max.trekker
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November 29, 2017, 02:02:02 PM |
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I'm scrating my head about three things, I do not understand. Maybe one can enlighten me, please. ....
Read this post> https://www.reddit.com/r/TenX/comments/7b53j3/value_of_1_pay_token_far_off_currently#thing_t1_dpfqx5z to understand how other people might see the situation. Personally, i think we are many many years away from commit to become mainstream, i think we have at least 10+ years of dividends from card usage. The team sits on more then 50% of all PAY tokens as well, so it is not in their interest to make these tokens worthless. They will probably try to increase the value of the tokens rather then remove its value
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Kanahide
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November 29, 2017, 06:44:04 PM |
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Ten X will be good, and if you already invested then congrats...but... Centra cards will be shipping out around the same time as everyone else And ALSO in the US...this might be a good second choice to Ten X just because it has such a low price at the moment as has the potential as all the other cards...I think it is a great market what TEN X and Centra are in...people new to coin base and new to crypto want to actually use the crypto...now we all can...BOOM.
Is ten x about to get to be like a mastercard or visa card? how is the development going on i didnt see anything new on youtube, still this projects sounds awesome. i will drop 1btc and fill my bags with tenx coins and hope it will go to the moon as soon as possible. regards
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Future2Play
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November 29, 2017, 07:19:33 PM |
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What is minimal amount of PAY tokens needs for get 0.5% holder reward?
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riskthebiscuit
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November 29, 2017, 07:53:24 PM |
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What is minimal amount of PAY tokens needs for get 0.5% holder reward?
No minimum friend as far as I recall. I'm scrating my head about three things, I do not understand. Maybe one can enlighten me, please. https://blog.tenx.tech/tenx-q-a-livestream-and-transcript-10th-oct-2017-146c826cf66c17) If we get rid of cards, will PAY holders still get the reward?
We cannot guarantee the 0.5% on any payment system, because on some payment systems we may not have 0.5% With any new payment systems that we are adding, we may be subject to different conditions. If we only get 0.25% from someone, we cannot forward you 0.5%. That said, we are not intending to remove the 0.5% from the debit card, because the commissions are there.
1) Do they consider to get rid of cards, if so what is their business then, if not why mention it in first place ? 2) They can't even offer the promised 0.5%, because they themselves may just get 0.25% and also have to cover operations, wages, offices, etc from it ? 3) My last question is the most important one. The only value driver for the PAY token is the 0.5% reward mentioned in the whitepaper as far as I understand. To justify today's token price of $2.46 right now derived from 0.5% of all transactions means: 104,661,310 tokens * $2,46 = $257,466,822.6 need to be collected To make this happen we need 200 * <$ value of 0.5%> = $51,493,364,520 (close to a third of today's BTC marketcap: $167,024,234,822) Under consideration that company tokens will get rewards as well, sooner or later (otherwise they would not have any use case or value) it becomes worse as you can imagine: 205,218,256 PAY tokens * $2,46 * 200 = $100,967,381,952 Let's calculate with 12k per person spent via the card in average, quite high, but may happen: $12,000 * 0,005 = $60 collected (0.5% reward) So, to collect $51,493,364,520 TenX needs: $51,493,364,520 / $60 per person and yr = 858,222,742 the amount of customer years required (one customer 10 years is equal to 10 customers one year). Let's take a 10yrs forcast time (valid for some long term investors), it means TenX needs to have 85,822,274 customers spending $12k in average per year, and all company tokens must be destroyed. Otherwise the number roughly doubles to ~170,000,000 customers. If we do the math with 0.25% rewards it is >300 million customers required. Just to break even on today's token price, while BTC keeps rising. And break even means not to make any profit at all. => Why does anyone buy it at these prices ? Tell me, please, WHAT do I miss here?? * Is my math based on wrong facts and weird assumptions? * Is there any obviously error I can't spot ? * Or sth else I'm too blind to see ? I'm VERY confused, since it seems I miss a few major points and thus look like a fool not getting the actual point. To be clear: I want a fact-based discussion about it, a major bit missing in my picture, please help me to get it resolved. If you call my valid question just FUD, I'll call you just a marketmanipulator in return, because you are obviously NOT interessted in facts but play with ppl's emotions, only. Thanks to whoever is willing to point me to the missing bits, much appreciated. You actually managed to silence the TenX fanboyz, not one of them can answer your question without admitting the project lacks the ability to make a profit for card/token holders as suggested. Well done using the truth to point out the failures of this scammy over promising under delivering project. Meantime Dr Julian still has a cult following and is the savior for one and all. Haha no he simply got the analysis wrong and nobody has corrected him yet. Let's go through it bit by bit now. 1) I don't even know what you are asking here but no their main business isn't to get rid of cards. It is to make it so that you can spend BTC, ETH, DASH, ERC20 tokens and more through their app. This is step 1 with the ultimate goal like others mentioned to be able to spend fiat 2) LOL what kind of random assumption is this? They ran an ICO and that is what pays for the office, wages, etc etc. They said several times now the 0.5 rewards will be coming soon either end of year or early next year there is nothing hidden here. 3) First off you use a wrong # in $2.46 but I will let that slide because that isn't the biggest mistake here. Your biggest mistake in the calculations is using the circulating supply as the right number. This is wildly incorrect as devs, founders, exchanges, none of these individuals will receive the dividend. I obviously don't know how many tokens this is but simply put your calculation will be off 100%. Then after that because that is incorrect the rest is moot, but even then I couldn't understand what you were trying to do at all. It is a complete fail please re go back look at the WP and do some hwk. Because why are you even going 104m tokens x 2.46 for price justification? That is what the marketcap is it has nothing to do with payouts. Payouts are based on how much people spend and this will be distributed through the tokens that qualify which is the only math you should be doing imho.
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saw1991
Member
Offline
Activity: 88
Merit: 10
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November 29, 2017, 09:00:18 PM |
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a huge dump. What say? can we return to the price of 25k?
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awaran
Newbie
Offline
Activity: 11
Merit: 0
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November 29, 2017, 10:56:18 PM Last edit: November 29, 2017, 11:08:28 PM by awaran |
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I'm scrating my head about three things, I do not understand. Maybe one can enlighten me, please. https://blog.tenx.tech/tenx-q-a-livestream-and-transcript-10th-oct-2017-146c826cf66c17) If we get rid of cards, will PAY holders still get the reward?
We cannot guarantee the 0.5% on any payment system, because on some payment systems we may not have 0.5% With any new payment systems that we are adding, we may be subject to different conditions. If we only get 0.25% from someone, we cannot forward you 0.5%. That said, we are not intending to remove the 0.5% from the debit card, because the commissions are there.
1) Do they consider to get rid of cards, if so what is their business then, if not why mention it in first place ? 2) They can't even offer the promised 0.5%, because they themselves may just get 0.25% and also have to cover operations, wages, offices, etc from it ? 3) My last question is the most important one. The only value driver for the PAY token is the 0.5% reward mentioned in the whitepaper as far as I understand. To justify today's token price of $2.46 right now derived from 0.5% of all transactions means: 104,661,310 tokens * $2,46 = $257,466,822.6 need to be collected To make this happen we need 200 * <$ value of 0.5%> = $51,493,364,520 (close to a third of today's BTC marketcap: $167,024,234,822) Under consideration that company tokens will get rewards as well, sooner or later (otherwise they would not have any use case or value) it becomes worse as you can imagine: 205,218,256 PAY tokens * $2,46 * 200 = $100,967,381,952 Let's calculate with 12k per person spent via the card in average, quite high, but may happen: $12,000 * 0,005 = $60 collected (0.5% reward) So, to collect $51,493,364,520 TenX needs: $51,493,364,520 / $60 per person and yr = 858,222,742 the amount of customer years required (one customer 10 years is equal to 10 customers one year). Let's take a 10yrs forcast time (valid for some long term investors), it means TenX needs to have 85,822,274 customers spending $12k in average per year, and all company tokens must be destroyed. Otherwise the number roughly doubles to ~170,000,000 customers. If we do the math with 0.25% rewards it is >300 million customers required. Just to break even on today's token price, while BTC keeps rising. And break even means not to make any profit at all. => Why does anyone buy it at these prices ? Tell me, please, WHAT do I miss here?? * Is my math based on wrong facts and weird assumptions? * Is there any obviously error I can't spot ? * Or sth else I'm too blind to see ? I'm VERY confused, since it seems I miss a few major points and thus look like a fool not getting the actual point. To be clear: I want a fact-based discussion about it, a major bit missing in my picture, please help me to get it resolved. If you call my valid question just FUD, I'll call you just a marketmanipulator in return, because you are obviously NOT interessted in facts but play with ppl's emotions, only. Thanks to whoever is willing to point me to the missing bits, much appreciated. Thanks for numbering your questions 1) I think they have a physical card and a virtual card on your phone with a card number. you can use the virtual card online and prob tap to pay. I spoke with someone from china and apparently no one carries credit cards there, it's just all virtual on their phone. When you sign up for a card, I think the physical card is optional. You can get a virtual card and it costs less or it's free or something. 2) I think what they were talking about is if you withdraw money from an ATM, there is no merchant fee at the ATM. Without a merchant to charge there's no fee that TenX can kick back money to the token holders (except for maybe the 2.75 they charge?). I also think banks issuing their cards can make deals with some merchants that lower the percent taken by TenX but TenX is working on issuing it's own cards. 3) I did the math a while back and I came to a worse conclusion at first. I used 200,000,000 instead of 100,000,000 in my calculations, so I got twice the number you did. 100,000,000 is in circulation and 100,000,000 is held by TenX. Then I read that tokens on exchanges won't take part in the payout and I think (correct me if i'm wrong) the tokens held by TenX won't take part until they get distributed to employees and to other people during promotions. So I estimated maybe 50,000,000 to 80,000,000 were going to take part at first then it will grow close to 200,000,000 minus what's on the exchanges as time goes on. The 0.5% reward is what they are giving out right now. They are currently getting a banking license (scheduled at the end of 2018). With a banking license they can issue their own debit / credit cards and do the other stuff that banks do. Right now TenX uses a bank to issue their debit cards so they get a smaller chunk of the ~3% merchant fees. The 3% fees are split between the card issuing bank, visa and the bank taking the money. In TenX's case they get a percent of what the card issuing bank gets. When I search online for credit cards, I see a lot of credit cards that have a 2% cash back on them. I'm guessing TenX can get up to 2% and the remaining 1% is split between the bank taking the money and visa. So it's not unreasonable to think the 0.5% can increase significantly. I doubt it will / can go beyond 2% though. I believe coinbase has a debit card and it's pretty popular. You can spend bitcoin and with a few uncommon modifications, you can spend ethereum. The daily limits are pretty low though. TenX does not charge anything to go from crypto to fiat (I think coinbase charges at least 1.5%). I think when you sell your crypto, TenX finds the best price for you on a number of different exchanges instead of just one exchange so you get a better conversion price on top of that. TenX has a few tokens that work on top of Eth and BTC in beta. Even if the TenX card charges 1% to use their debit card, it's still better than the best alternative i've seen so far. Right now TenX is not planning on charging for people or exchanges to use Comit (An Exchange protocol they are making like 0X only better because if you look into it, Comit can find better prices via a protocol like the routing protocol "Open Shortest Path First"). TenX is not even planning to use TenX as gas in the protocol. I doubt coin holders would get anything from Comit other than deflation if Pay tokens are used as gas like 0x. I'm also looking at the spending habits of some people I know who were early crypto investors. They have crypto debit cards that charge them when they use it and they only complain about the low spending limits. I think TenX limits are higher. I won't go into the 0.1% cash back (in pay tokens) to the card holders because I think that's a wash (money going out and money going back in). I view it as owning dividends of a debit card company while also owning dividends from their incomplete projects that are similar to Omasie go and ripple / coinbase / 0x. If anyone would like to pay it forward I have a question. What is a Visa program manager? I heard about it a few days / weeks ago and asked about it but no one answered. From a google search it sounds like it's just a step in complying to banking regs. Does it do anything else? Super thanks to anyone who answers this.
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DragonETH
Sr. Member
Offline
Activity: 588
Merit: 250
https://www.projecton.pro/
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November 30, 2017, 05:40:52 AM |
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I'm scrating my head about three things, I do not understand. Maybe one can enlighten me, please. https://blog.tenx.tech/tenx-q-a-livestream-and-transcript-10th-oct-2017-146c826cf66c17) If we get rid of cards, will PAY holders still get the reward?
We cannot guarantee the 0.5% on any payment system, because on some payment systems we may not have 0.5% With any new payment systems that we are adding, we may be subject to different conditions. If we only get 0.25% from someone, we cannot forward you 0.5%. That said, we are not intending to remove the 0.5% from the debit card, because the commissions are there.
1) Do they consider to get rid of cards, if so what is their business then, if not why mention it in first place ? 2) They can't even offer the promised 0.5%, because they themselves may just get 0.25% and also have to cover operations, wages, offices, etc from it ? 3) My last question is the most important one. The only value driver for the PAY token is the 0.5% reward mentioned in the whitepaper as far as I understand. To justify today's token price of $2.46 right now derived from 0.5% of all transactions means: 104,661,310 tokens * $2,46 = $257,466,822.6 need to be collected To make this happen we need 200 * <$ value of 0.5%> = $51,493,364,520 (close to a third of today's BTC marketcap: $167,024,234,822) Under consideration that company tokens will get rewards as well, sooner or later (otherwise they would not have any use case or value) it becomes worse as you can imagine: 205,218,256 PAY tokens * $2,46 * 200 = $100,967,381,952 Let's calculate with 12k per person spent via the card in average, quite high, but may happen: $12,000 * 0,005 = $60 collected (0.5% reward) So, to collect $51,493,364,520 TenX needs: $51,493,364,520 / $60 per person and yr = 858,222,742 the amount of customer years required (one customer 10 years is equal to 10 customers one year). Let's take a 10yrs forcast time (valid for some long term investors), it means TenX needs to have 85,822,274 customers spending $12k in average per year, and all company tokens must be destroyed. Otherwise the number roughly doubles to ~170,000,000 customers. If we do the math with 0.25% rewards it is >300 million customers required. Just to break even on today's token price, while BTC keeps rising. And break even means not to make any profit at all. => Why does anyone buy it at these prices ? Tell me, please, WHAT do I miss here?? * Is my math based on wrong facts and weird assumptions? * Is there any obviously error I can't spot ? * Or sth else I'm too blind to see ? I'm VERY confused, since it seems I miss a few major points and thus look like a fool not getting the actual point. To be clear: I want a fact-based discussion about it, a major bit missing in my picture, please help me to get it resolved. If you call my valid question just FUD, I'll call you just a marketmanipulator in return, because you are obviously NOT interessted in facts but play with ppl's emotions, only. Thanks to whoever is willing to point me to the missing bits, much appreciated. Thanks for numbering your questions 1) I think they have a physical card and a virtual card on your phone with a card number. you can use the virtual card online and prob tap to pay. I spoke with someone from china and apparently no one carries credit cards there, it's just all virtual on their phone. When you sign up for a card, I think the physical card is optional. You can get a virtual card and it costs less or it's free or something. 2) I think what they were talking about is if you withdraw money from an ATM, there is no merchant fee at the ATM. Without a merchant to charge there's no fee that TenX can kick back money to the token holders (except for maybe the 2.75 they charge?). I also think banks issuing their cards can make deals with some merchants that lower the percent taken by TenX but TenX is working on issuing it's own cards. 3) I did the math a while back and I came to a worse conclusion at first. I used 200,000,000 instead of 100,000,000 in my calculations, so I got twice the number you did. 100,000,000 is in circulation and 100,000,000 is held by TenX. Then I read that tokens on exchanges won't take part in the payout and I think (correct me if i'm wrong) the tokens held by TenX won't take part until they get distributed to employees and to other people during promotions. So I estimated maybe 50,000,000 to 80,000,000 were going to take part at first then it will grow close to 200,000,000 minus what's on the exchanges as time goes on. The 0.5% reward is what they are giving out right now. They are currently getting a banking license (scheduled at the end of 2018). With a banking license they can issue their own debit / credit cards and do the other stuff that banks do. Right now TenX uses a bank to issue their debit cards so they get a smaller chunk of the ~3% merchant fees. The 3% fees are split between the card issuing bank, visa and the bank taking the money. In TenX's case they get a percent of what the card issuing bank gets. When I search online for credit cards, I see a lot of credit cards that have a 2% cash back on them. I'm guessing TenX can get up to 2% and the remaining 1% is split between the bank taking the money and visa. So it's not unreasonable to think the 0.5% can increase significantly. I doubt it will / can go beyond 2% though. I believe coinbase has a debit card and it's pretty popular. You can spend bitcoin and with a few uncommon modifications, you can spend ethereum. The daily limits are pretty low though. TenX does not charge anything to go from crypto to fiat (I think coinbase charges at least 1.5%). I think when you sell your crypto, TenX finds the best price for you on a number of different exchanges instead of just one exchange so you get a better conversion price on top of that. TenX has a few tokens that work on top of Eth and BTC in beta. Even if the TenX card charges 1% to use their debit card, it's still better than the best alternative i've seen so far. Right now TenX is not planning on charging for people or exchanges to use Comit (An Exchange protocol they are making like 0X only better because if you look into it, Comit can find better prices via a protocol like the routing protocol "Open Shortest Path First"). TenX is not even planning to use TenX as gas in the protocol. I doubt coin holders would get anything from Comit other than deflation if Pay tokens are used as gas like 0x. I'm also looking at the spending habits of some people I know who were early crypto investors. They have crypto debit cards that charge them when they use it and they only complain about the low spending limits. I think TenX limits are higher. I won't go into the 0.1% cash back (in pay tokens) to the card holders because I think that's a wash (money going out and money going back in). I view it as owning dividends of a debit card company while also owning dividends from their incomplete projects that are similar to Omasie go and ripple / coinbase / 0x. If anyone would like to pay it forward I have a question. What is a Visa program manager? I heard about it a few days / weeks ago and asked about it but no one answered. From a google search it sounds like it's just a step in complying to banking regs. Does it do anything else? Super thanks to anyone who answers this. with the proliferation of something isn't always important to have an initial profit, the monetization can occur when you pass a certain prevalence. it is therefore important to achieve a great penetration even at a loss initially.
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chip1982
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November 30, 2017, 11:38:41 AM |
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Hi there,
someone in Germany with a TenX Card? Does is work? Can I go to REWE supermarket and pay with that card?
Thanks
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inventor78
Newbie
Offline
Activity: 22
Merit: 0
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November 30, 2017, 11:41:50 AM |
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Hi there,
someone in Germany with a TenX Card? Does is work? Can I go to REWE supermarket and pay with that card?
Thanks
Got my card and it works...have a look at the tenx token Fanclub on telegram or the official riot chat, there are a lot more users wichtig got and use their cards
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Kenrich
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November 30, 2017, 11:49:03 AM |
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Hi there,
someone in Germany with a TenX Card? Does is work? Can I go to REWE supermarket and pay with that card?
Thanks
Got my card and it works...have a look at the tenx token Fanclub on telegram or the official riot chat, there are a lot more users wichtig got and use their cards how it work, really can pay with that card in supermarket shopping ?
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Pajulapoiss
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November 30, 2017, 11:59:21 AM |
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Hi there,
someone in Germany with a TenX Card? Does is work? Can I go to REWE supermarket and pay with that card?
Thanks
Got my card and it works...have a look at the tenx token Fanclub on telegram or the official riot chat, there are a lot more users wichtig got and use their cards how it work, really can pay with that card in supermarket shopping ? You sure can mate. There's videos from way back, where guys are using tenx card to pay for mcdonalds- which btw isn't the healthiest choice. IT just might take a while before you can actually recieve the card. It should be faster in Europe tho
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anakrea
Member
Offline
Activity: 116
Merit: 17
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November 30, 2017, 12:13:09 PM |
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I can also confirm that the card works without problems. Received mine last week. Update to KYC tier 2 was done within a day. Already paid in different shops, restaurants, gas station... The used exchange rate was good, only slightly lower then the ones I would have gotten directly on an exchange. The only problem as a new user is currently to get the card, but as it seems they are working on their waiting list (as long as you are in europe).
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"It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien - The Lord of the Rings
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moratar
Newbie
Offline
Activity: 59
Merit: 0
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November 30, 2017, 07:42:08 PM |
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Yesterday bought Belgian chocolates and exchange rate for selling my BTC was 11206USD (39669,97PLN). At exactly the same time Price for BTC in Bittrex was 10769USD. Seems like TenX selling algo is sometimes really good 4% above market price.
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dodgrad
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November 30, 2017, 07:45:00 PM |
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hello, I was very interested in this project, what method is the distribution of tenx payment cards?
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moratar
Newbie
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Activity: 59
Merit: 0
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November 30, 2017, 09:00:52 PM Last edit: November 30, 2017, 09:15:58 PM by moratar |
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104,661,310 tokens * $2,46 = $257,466,822.6 need to be collected
To make this happen we need 200 * <$ value of 0.5%> = $51,493,364,520 (close to a third of today's BTC marketcap: $167,024,234,822)
Under consideration that company tokens will get rewards as well, sooner or later (otherwise they would not have any use case or value) it becomes worse as you can imagine: 205,218,256 PAY tokens * $2,46 * 200 = $100,967,381,952
Let's calculate with 12k per person spent via the card in average, quite high, but may happen: $12,000 * 0,005 = $60 collected (0.5% reward)
So, to collect $51,493,364,520 TenX needs: $51,493,364,520 / $60 per person and yr = 858,222,742 the amount of customer years required (one customer 10 years is equal to 10 customers one year).
Bad assumptions give bad results 1) 12k usd per person per year -> most ppl who get tenx card were early in crypto bussines = they got cash. I got card for 1 month. My spending was ~11k usd in last month using card. My early spending should be close to 120k-150k usd per year. Average probably should be close to 50% or average yearly salary of person using card or more like 75%. I would say it is safe to assume 30k usd per year per user. 2) You don't count total value equal to 1 year earnings never ever!. This company will not case to exist in 1 year so this assumption that company vaporizes in 1 year is extremely faulty giving huge error. Look at Tesla P/E = infinity Netflix P/E = 189 Amazon P/E = 297 Yelp P/E = 489 (P/E is Price/Earning) Average for tech companies is ~30. Good companies with good potential growth in future are 100+. So Tenx should have at least P/E=100. So after fixing base assumptions, let's fix your calculations: 104,661,310 tokens * $2,46 /100(p/e) = $2,574,668 need to be collected To make this happen we need 200 * <$ value of 0.5%> = $51,493,364 $30,000 * 0,005 = $150 collected (0.5% reward) So, to collect $2,574,668 TenX needs: $2,574,668 / $150 per person per year = 17164 customer using card. As far as i can know they will get about 25k working card till end of 2017. So according to this calculation price NOW should be 2.46$(value used for calculations)*25000/17164 (really working cards/amount from calculation) = 3,58USD per 1 PAY token.If they get 50k working cards value should be 7,16USD, 100k working cards 35,8 USD. 1k working cards -> 1Pay = 0.35USD Everything now depends how many cards were shipped! This is very valuable insider info.
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aoluain
Legendary
Offline
Activity: 2394
Merit: 1344
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November 30, 2017, 11:57:13 PM |
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I just ordered my TENX card after a friend showed me his new arrival today. I got a message to say the cards are currently out of stock, what is the current estimated lead time? Is there over 17,000 cards distributed already? 104,661,310 tokens * $2,46 = $257,466,822.6 need to be collected
To make this happen we need 200 * <$ value of 0.5%> = $51,493,364,520 (close to a third of today's BTC marketcap: $167,024,234,822)
Under consideration that company tokens will get rewards as well, sooner or later (otherwise they would not have any use case or value) it becomes worse as you can imagine: 205,218,256 PAY tokens * $2,46 * 200 = $100,967,381,952
Let's calculate with 12k per person spent via the card in average, quite high, but may happen: $12,000 * 0,005 = $60 collected (0.5% reward)
So, to collect $51,493,364,520 TenX needs: $51,493,364,520 / $60 per person and yr = 858,222,742 the amount of customer years required (one customer 10 years is equal to 10 customers one year).
Bad assumptions give bad results 1) 12k usd per person per year -> most ppl who get tenx card were early in crypto bussines = they got cash. I got card for 1 month. My spending was ~11k usd in last month using card. My early spending should be close to 120k-150k usd per year. Average probably should be close to 50% or average yearly salary of person using card or more like 75%. I would say it is safe to assume 30k usd per year per user. 2) You don't count total value equal to 1 year earnings never ever!. This company will not case to exist in 1 year so this assumption that company vaporizes in 1 year is extremely faulty giving huge error. Look at Tesla P/E = infinity Netflix P/E = 189 Amazon P/E = 297 Yelp P/E = 489 (P/E is Price/Earning) Average for tech companies is ~30. Good companies with good potential growth in future are 100+. So Tenx should have at least P/E=100. So after fixing base assumptions, let's fix your calculations: 104,661,310 tokens * $2,46 /100(p/e) = $2,574,668 need to be collected To make this happen we need 200 * <$ value of 0.5%> = $51,493,364 $30,000 * 0,005 = $150 collected (0.5% reward) So, to collect $2,574,668 TenX needs: $2,574,668 / $150 per person per year = 17164 customer using card. As far as i can know they will get about 25k working card till end of 2017. So according to this calculation price NOW should be 2.46$(value used for calculations)*25000/17164 (really working cards/amount from calculation) = 3,58USD per 1 PAY token.If they get 50k working cards value should be 7,16USD, 100k working cards 35,8 USD. 1k working cards -> 1Pay = 0.35USD Everything now depends how many cards were shipped! This is very valuable insider info.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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GreatFelix
Member
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Activity: 168
Merit: 12
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December 01, 2017, 05:57:52 AM |
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I just ordered my TENX card after a friend showed me his new arrival today. I got a message to say the cards are currently out of stock, what is the current estimated lead time?
Is there over 17,000 cards distributed already? Hey aoluain, TenX does not give out the numbers. I think they gonna do that when they hit a big milestone. Giving out numbers would lead to false assumptions - some people would not understand the numbers and the growth that will come over the next time periods. In the latest video TenX told us that they send like 500 cards out into the WaveCrest European Zone. I am kinda sure they send way more than 17,000 cards out already - but this is just a personal opinion.
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xibeijan
Legendary
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Activity: 1232
Merit: 1001
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December 01, 2017, 10:28:11 AM |
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I just ordered my TENX card after a friend showed me his new arrival today. I got a message to say the cards are currently out of stock, what is the current estimated lead time?
Is there over 17,000 cards distributed already? Hey aoluain, TenX does not give out the numbers. I think they gonna do that when they hit a big milestone. Giving out numbers would lead to false assumptions - some people would not understand the numbers and the growth that will come over the next time periods. In the latest video TenX told us that they send like 500 cards out into the WaveCrest European Zone. I am kinda sure they send way more than 17,000 cards out already - but this is just a personal opinion. Not giving out numbers is keeping investors in the dark. Shady!
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