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TenX

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Description

What does TenX do?

TenX's primary goal is to allow its users to access and spend any cryptocurrency for any product or service. TenX hopes to work with Bitcoin and Ethereum to allow individuals to spend these currencies on traditional debit card platforms.

Currently, a key problem with cryptocurrencies is a lack of outlets where they are accepted. TenX seeks to solve this problem by giving cryptocurrencies a method by which they can be accepted anywhere, significantly increasing their liquidity.

What is PAY used for?

The platform’s native token, PAY, can be used (like most other cryptocurrencies) for transactions between users. PAY tokens are ERC20 compliant, and TenX recommends users retain PAY tokens in a wallet where users control the private keys.

PAY tokens are also used for staking on TenX. By storing PAY tokens in a wallet, holders are participating in the consensus of the network and are eligible to receive dividends.

How can PAY value appreciate?

PAY tokens can appreciate if users retain them in staking wallets. Since TenX uses a PoS consensus mechanism, holders of PAY tokens can choose to lock their tokens up to participate in the network's verification in security in exchange for rewards. Individuals will see this as an attractive opportunity for passive income.

TenX hopes to partner with major financial institutions to make its debit card functionality more useful. If the project is able to secure such partnerships, the value of PAY may rise significantly.

What is the difference between TenX and its competitors?

TenX competes with Monaco, Bitpay, and other companies offering debit cards connected with Bitcoin and other cryptocurrencies. TenX utilizes their own token (similar to Monaco) but also supports integration with ERC20 tokens. Similar to other debit cards of this type, TenX offers a mobile app to control cards issued to your account.

The main difference between the cards offered by TenX and Monaco is that TenX will be used purely for cryptos while Monaco will also support fiat currencies.

  • Mainnet Launch: June 2017
  • Open Source: Yes
  • Consensus Type: PoW
  • Technology: Ethereum
  • Total Coin Supply: 205,218,256
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Description

What does TenX do?

TenX's primary goal is to allow its users to access and spend any cryptocurrency for any product or service. TenX hopes to work with Bitcoin and Ethereum to allow individuals to spend these currencies on traditional debit card platforms.

Currently, a key problem with cryptocurrencies is a lack of outlets where they are accepted. TenX seeks to solve this problem by giving cryptocurrencies a method by which they can be accepted anywhere, significantly increasing their liquidity.

What is PAY used for?

The platform’s native token, PAY, can be used (like most other cryptocurrencies) for transactions between users. PAY tokens are ERC20 compliant, and TenX recommends users retain PAY tokens in a wallet where users control the private keys.

PAY tokens are also used for staking on TenX. By storing PAY tokens in a wallet, holders are participating in the consensus of the network and are eligible to receive dividends.

How can PAY value appreciate?

PAY tokens can appreciate if users retain them in staking wallets. Since TenX uses a PoS consensus mechanism, holders of PAY tokens can choose to lock their tokens up to participate in the network's verification in security in exchange for rewards. Individuals will see this as an attractive opportunity for passive income.

TenX hopes to partner with major financial institutions to make its debit card functionality more useful. If the project is able to secure such partnerships, the value of PAY may rise significantly.

What is the difference between TenX and its competitors?

TenX competes with Monaco, Bitpay, and other companies offering debit cards connected with Bitcoin and other cryptocurrencies. TenX utilizes their own token (similar to Monaco) but also supports integration with ERC20 tokens. Similar to other debit cards of this type, TenX offers a mobile app to control cards issued to your account.

The main difference between the cards offered by TenX and Monaco is that TenX will be used purely for cryptos while Monaco will also support fiat currencies.

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