How easy is it for an average user to use cryptocurrency? Not very. But platforms like TenX come to the rescue and offer a wide range of features. Our today’s article is devoted to TenX and PAY token.
What Are TenX and PAY
Even if the merchant does not work with cryptocurrency, users can still use TenX and PAY. This payments platform is designed to simplify the transaction for cryptocurrencies to any merchant.
The company wants to introduce the use of cryptocurrency in all areas, so in 2011 Toby Hoenisch founded TenX, a company that makes the application of cryptocurrency faster and easier. In 2015, Hoenisch, together with Michael Sperk, introduced the world to a debit card, a feature of which was the ability to make payments using bitcoins.
TenX includes the PAY token. With this token, transactions are made on the TenX network.
TenX was created to solve a unique issue that the world did not know before. How can mainstream consumers use cryptocurrencies in daily transactions, how to enable everyday purchases with tokens? The company aims are to make it easier to use digital cryptocurrencies and to store them in wallets.
History of TenX and PAY
For a better understanding of the company, it would be good to study its history.
This software wallet was created to make blockchain assets instantly spendable anywhere. TenX’s initial token offering in 2017 raised $ 34 million in 7 minutes.
Product Suite includes:
- The TenX Card and TenX Wallet are designed to enable users to use cryptocurrencies to pay for everyday purchases at more than 40 million locations around the world, safely and easily;
- PAY Token is a loyalty reward program for using the TenX card. The creators plan to add Pay token as one of the payment methods in TenX Wallet;
- TenX Rewards Token is an ERC-20 reward token on Ethereum with features of ERC-1400.
The history of TenX and PAY really began in 2015, when the founders of the company won a Hackathon contest in Singapore following a startup boot camp supported by PayPal. At first, the company worked only with bitcoins and had a different name — OneBit. But then more and more types of cryptocurrencies began to appear and the creators expanded their activities. They believed that the future of payments is in blockchain technologies and crypto transactions. Therefore, TenX makes assets on the blockchain available to all users, not just industry professionals. The company aims to create a clear infrastructure that will link physical and virtual platforms and accelerate crypto adoption.
Features of the TenX
We can say that TenX and its PAY is the future that is already here. With the help of TenX products and the app, you can not only use cryptocurrency on the network but also pay for anything in real life with it. You can buy groceries, pay for utilities, entertainment, and any other stuff. You not only pay for your needs but also have the opportunity to make money from fluctuations in the exchange rate.
You can also convert your assets from one currency to another. At the same time, there is no risk of theft of your funds.
For operation, the COMIT protocol is used, which provides a high level of security when making transactions.
All data is only valid at the time of this writing and is subject to change, so it is recommended to check up-to-date data:
- TenX price to USD: $ 0.1029
- TenX price to BTC: 0.0000023 BTC
- Market cap: $ 21.11 million
- Fully diluted market cap: $ 21.11 million
Below you can see the max supply and circulating supply, but also, please remember that the information is only valid at the time of this writing.
- Circulating supply: 205.22 million PAY
- Max supply: 205.22 million PAY
To Sum Up
TenX is an innovative product that is truly capable of changing the world of real and digital money and making the world of cryptocurrency more accessible to every user. The company offers a convenient service that includes a special app designed for the convenience of users and allowing them to resolve issues in real-time.
TenX and PAY have many competitors in the market at the moment. To understand whether it is worth investing in this platform now, one may want to get financial advice, or at least it is worth studying such indicators as TenX price, market cap, circulating supply, and max supply. All up-to-date analytics can be easily found on the site.
What is TenX?
TenX is a payments platform that intends to enable users to accept cryptocurrency for daily transactions. The company strives to accelerate crypto adoption for mainstream consumers. To do this, they created their own network, which was strengthened by the TenX wallet (available in selected countries). This wallet is used to channel supported cryptocurrencies within the Visa payment gateway.
How do I get a TenX card?
To enable everyday purchases, the network performs token swaps from the chosen cryptoasset into the relevant fiat currency. For such purposes, you may want to have not only the TenX Wallet but also a crypto card. To get a TenX crypto card you should place your order through the TenX app. To do this, you will need to register your account and confirm your contact information via the app. The TenX app is available for Android and iPhone users worldwide. If you have any additional questions, you can always contact the TenX support team on the company page.
What is Pay Token (TenX)?
The PAY token is the cryptocurrency that TenX practices for transactions. To claim it one needs to go to the token claim page on the TenX website and enter verification data there. TenX also uses the TENX tokens which users hold to earn rewards in PAY tokens.
They also offer a crypto card in selected countries, which will operate jointly with the TenX wallet to channel supported cryptocurrencies within the Visa payment gateway. To enable everyday purchases, the network performs token swaps from the chosen cryptoasset into the relevant fiat currency.
What is Market Cap?
Market capitalization, also known as Market Cap is a total value of shares a certain company has on the market. Market cap shows whether the company is worth investing in which is a great tool for investors globally. Market cap is also a great tool to foresee future changes on the crypto market to make profitable investments.