What is TenX ?
The TenX Wallet is the major game changer as it enables users to spend their blockchain assets through their smartphone or a physical debit card at over 36 million points of acceptance online and offline in close to 200 countries. A multi-currency wallet will be created automatically, which the user can then fund with different cryptocurrencies. The cryptocurrencies do not need to be converted to fiat money until an actual transaction happens, in which case such conversion will be conducted in real-time.
The user can choose between different blockchain assets as a source of payment within the TenX App. Further, the user can conveniently convert a wide range of blockchain assets such as BTC, ETH and DASH from one to another by simply using his TenX Wallet. In addition, The user can withdraw his blockchain assets and transfer them to another cryptocurrency wallet without incurring any fees for such transfer at any time.
PAY Token Functions
(1) Each PAY token is entitled to receive a part of the rewards from the entire TenX purchasing revenue, that is Token holder will get 0.5% of entire payment volume spent through TenX Wallet. Similar to how staking happens in other cryptocurrencies, PAY tokens that are kept on an exchange will not be entitled to this reward.
(2) Users earn a 0.1% reward for every purchase they make. This incentive will be transferred to the user in form of PAY tokens initially on a monthly basis, which additionally gives them the opportunity to become token holders and further benefit from a potential value upside of the tokens. Going forward, TenX aims to distribute the reward more frequently, with a target of reward distribution on an hourly basis.
(3) In addition, the token bonus is available for those who buy PAY tokens from Day 1 to Day 14. More details about token bonus as follows:
TenX Token Distribution
The TenX Initial Token Sale began on June 24th, 2017, 9 PM Singapore Time ( UTC+8 ) and ended at July 24th, 2017, 8:59 PM Singapore Time ( UTC+8 ). The PAY token price was 1 PAY token equals 1/350 ETH, and the TenX development group finally received over 200,000 ETH in their token sale.
More details about token structure as follows: