A quick look at cryptocurrency #5 TenXsteemCreated with Sketch.

in #cryptocurrency7 years ago


TenX has its' own token, but I'd rather focus on TenX as a whole - cause it's way more interesting than a token itself.

  • TenX is basically a platform, that allows us to convert any cryptocurrency into the other one and spend it anywhere.
  • Nowadays it's pretty easy to pay with cryptocurrencies online, but it is not that easy to use them in real world. That is the reason of creating TenX Debit Card which is multi-wallet at the same time.
  • TenX sort of co-operates with VISA and MasterCard, but it's not that simple. TenX co-operates with a company called Wavecrest which co-operates with VISA and MasterCard. Wavecrest is responsible for creating Debit Cards.
  • TenX's Card can be used in almost 200 countries.
  • Debit Card could be ordered online and the cost is $15 (creating the card and shipping it to your house)
  • You do not have to pay any fee for making a transaction with TenX card
  • Great thing concerning this project is that it is not an idea, it's already in use
  • There is an official TenX wallet

pobrane.jpg
Sadly, TenX can be used as tool for money laundering. Let me break that down for you:
TenX's card allows you to withdraw cash from ATM (maximum 1000euro, twice a day, meaning you can withdraw 2000euro per day). Each withdrawal of cash costs you 2,75 euro. What's weird with that? The fact that you don't have to give your real personal data when you are ordering a card, meaning, that no one can track the money if you withdraw it using a false name. This way, laundering 2000euro costs you 5,50euro. Hopefully TenX will solve this issue soon.

Let's move onto current state of TenX
chart.png

  • Date of lauch - 8th of July 2017
  • Starting price -$1.12
  • Lowest price - $0.47
  • Highest price - $6.21
  • Current price -$1.89

Investment aspect:

  • TenX is already working, we are not investing into an idea, but into working system
  • Development team behind TenX is outstanding in payment systems (they were working with PayPal guys)
  • Proof of Stake feature is planned to be introduced in 2018, which means that it should attract to many people that like passive income

Let me know what do you think about this project!

Sort:  

TenX is a good Project. I'm still waiting for my Card though :( but excited for Dividends

I'm waiting for my card aswell, can't wait to finally try it out

Congratulations @babylino! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of comments

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!