For a good reason, TenX did not keep the token sale open, but limited it. The reason: If the sale had been open, there would have been a great danger that many investors would massively enter the sale phase. At the official stock market launch, there might have been too few investors willing to invest in TenX. As soon as TenX is traded on the Altcoin stock exchange, this could have resulted in a massive fall in prices. On this page we have compared some crypto exchanges for you. And also the amount of the investment was limited to a maximum of five million euros. The founders of TenX wanted to prevent the pay tokens from concentrating on a few large investors. Rather, they were interested in offering as many investors as possible the opportunity to get involved.
Backed by a Ethereum code
Originally, the trio from Austria and Thailand did not start under the name Ethereum code: As early as 2015 they had started their basic work under the name OnePay. Their idea at the time was to link a credit card with a Bitcoin Wallet, so that payments could be made anywhere. The founders took part in Fintech Singapore, a boot camp for startups. Just one year later, the makers had made it to the PayPal indicator in Singapore. Shanghai-based Fenbushi Capital, in which Ethereum founder Vitalik Buterin is a partner, had already invested one million US dollars in the young company in March 2017.
The four founders had also chosen the company’s headquarters in Shanghai carefully. Hosp says so at Trendingtopics:
„In Austria, people are struggling with whether credit cards can be accepted everywhere at all. We didn’t want to discuss whether this would make sense, we needed it as a prerequisite for our product.“
That’s why they didn’t want to implement the idea of TenX in Europe under any circumstances. One had concentrated simply and movingly on the asiatic area, because in Japan and Australia crypto currencies are very much more widespread than in Europe.
Thus the concept of a Bitcoin trader is to function
It is sufficient for the Bitcoin trader to enter his e-mail address and account number in order for the Smartphone Wallet to be tailored to him. Once this has been done, the user can fill his wallet with a digital currency. Because TenX uses the Bit-Go industry standard for data security, no unauthorized persons can access the private keys. Of course, the customer also needs a physical credit card. But he can order this very easily from the app.
As soon as the user has set up the wallet, he selects the desired crypto currency via the app and connects it to the card with a click. To ensure that TenX’s credit card is accepted in as many places as possible, the founders have entered into a partnership with MasterCard and Visa. Payments can then be processed in a matter of seconds via the COMIT network. A further advantage is that the digital currency is only converted into the respective national currency when paying. Until the credit card is used, the customer therefore has the option of selecting the currency that currently has the best exchange rate. He can therefore benefit from exchange rate fluctuations when paying with a card.
TenX credit card for digital currencies
The TenX team has a real chance to get crypto currencies out of their current niche and make them suitable for everyday use. The big advantage of the idea behind TenX is that it combines the advantages of conventional currencies with those of digital currencies. In addition, there is an extremely positive start in the token sale phase, so that there is sufficient scope for development in the first few years. This is probably due not least to the fact that the four founders have thought through their concept extremely well down to the last detail. For example, the Austrian-Thai quartet has come up with a transparent fee structure from which users, the company and investors benefit. In this way, they do not – like many other providers from the world of digital currencies – rely exclusively on price increases. Rather, they create a real financial basis which, if the TenX card is sufficiently accepted, can guarantee solid growth for the company.
The only risk factor is the question of whether the card is accepted to a sufficient degree. TenX must not only reach those users who are fans of crypto currencies anyway. The big difficulty is likely to be to reach other consumers who have always paid with conventional currencies and credit cards. The Master or Visa holders