A deeper view into TenX token and investment analysis #Background
What is TenX (PAY)
TenX, also known under the token shortcut PAY, tries to be the bridge between having cryptocurrencies and also be able to spend them. They got a working solution and will come later this year with their own card design. They uploaded recently a video that show how they pay with Ethereum using the TenX solution, you can watch it in the video below.
Coinmarketcap
At the moment of writing the value of the TenX token decreased by over 20% in the latest 24 hours. As you can see the token price is around $0.92, the issuing price during the ICO was 1/350 Ethereum, around $0.80 a piece (because of a 20% bonus in the first 24h).
Investment analysis
The TenX token is an interesting coin to invest in when watching their roadmap. There are a lot of things coming up will (possibly) increase the price. Especially for the long term it's supposed to be a good coin to hodl.The token launched 7/7 on Bittrex, giving the following chart:
As with most coins launched now a days it decrease in value directly, and start to stabilize after 2 days being on the market. If you would ask me, I would say now is a good time to jump in and hold them for a long time.
Roadmap
At the moment of writing the Android app is already available within the App Store. The WebApp is supposed to be launched in July, while the iOS-version is expected in August 2017.
Team
TenX was created by:
Toby Hoenisch, CEO – a serial entrepreneur. He has a Bachelors degree in computer science and a Masters degree in artificial intelligence.
Michael Sperk, CTO – based in Austria. Prior to joining TenX, he was the lead frontend engineer at Visalyze.
All the people within the TenX project work full time for TenX and all got a working Linked In page. This are all good signs.
TenX compared to other solutions
Interesting to read
TenX whitepaper: https://www.tenx.tech/whitepaper/tenx_whitepaper_final.pdf
Reddit - TenX vs competitors: https://www.reddit.com/r/TenX/comments/6fu628/discussion_tenx_vs_other_competitors/
Steem compared post: https://steemit.com/beyondbitcoin/@cryptowallet/crypto-debit-cards-token-card-vs-monaco-card-vs-tenx-card
Comit whitepaper: http://www.comit.network/doc/COMIT%20white%20paper%20v1.0.2.pdf (they will integrate in the COMIT network)
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Looking at this, TenX does look like a good investment. Would you include further reference for this so we can read further. I read Monaco's whitepaper and i still believe they are very risky but I was certain they also offer Card Holder incentives. How they will do that I don't know, from what I understand they are not gonna be opensourced.
Added some links in the bottom of the article, hope you find them informative.
its a great idea
Definitely! Especially when they have their own card and the integration with the COMIT network.