TENX - ICO TOMORROW - SAT 24th JUNE, 1PM (UTC) - WAY ABOVE THE OTHERS
SHORT TOPIC:
#ICO#CONNECTING THE BLOCKCHAINS#CRYPTO CREDIT CARD
OVERVIEW:
TenX Pte Ltd is a Singaporean-based company that graduated from PayPal's Incubator last year. Its goal is to provide a solution to the liquidity issue by providing debit cards to users for them to be able to spend their crypto-assets.
According to the company, such transactions can be carried out anywhere in the world, online and offline, and without any FX or process fees. Having successfully tested their debit cards with beta users, TenX now offers their card to be ordered via the TenX app globally.
TEAM:
2015- 1st PRIZE - 15,000 USD in the DBS BLOCKCHAIN HACKATON. AS OMNI-CHAIN.
https://www.coingecko.com/buzz/3-winning-hacks-from-the-dbs-blockchain-hackathon-in-singapore
2016- Graduate of a 9 months PayPAL incubator program. as TenX.
https://cointelegraph.com/news/make-any-blockchain-asset-instantly-spendable-with-tenx
MARCH 2017- 1 milion USD raised by FENBUSHI CAPITAL, a VC with big names behind it:
VITALIK BUTERIN, BO SHEN, DR. FENG XIAO
http://fenbushi.vc/index_en.html
ICO STRUCTURE:
MAX CAP: 200,000 ether (collected 100,000 already), so cap for tomorrow's ico- 100,000 ether.
Token: PAY, which is built as an ERC20 token on the Ethereum Blockchain
Token price: 1 ETH = 350 PAY.
Percentage of all tokens offered to the public: 80 percent.
Percentage of all tokens sold immediately: 51 percent.
Percentage of tokens distributed to the community over time: 29 percent.
Company long-term incentive alignment: 20 percent.
Escrow of funds: Funds secured in a multisig escrow account.
Token holder incentive: For every transaction, the token holder receives a 0.5 percent reward (ETH).
Card holder incentive: 0.1 percent of personal spending reward (PAY).
Early bird bonus- FIRST 24 HRS: 20 percent
PROJECT STATUS:
Created the COMIT network - Cryptographically-secure Off-chain Multi-asset Instant Transaction network
Closed Beta test with 1,000 users generating approximately SGD 100,000 in transaction volume.
MASTERCARD AND VISA partnership signed.
collected 100,000 ether in a PreSale.
Main adventages for TenX over it's competitors (WireX, Xapo, TokenCard (no working product)):
- 0% fees
- All blockchains supported (potentially)- past/future
- DEVIDEND: 0.5% of all market transactions will be spread to the PAY token holders monthly.
GROWTH POTENTIAL:
Since the creation of the Bitcoin, the market is growing exponentially. We see global addaptation of the blockchain technology and it's currencies.
Creating a link between the crypto world and the tradional asset economy has an enormous potential.
Summary:
I've been an investor in the crypto world since 2013. Untill this day, most of my BTC profits is from ICOs.
I'm a long term invester in nature.
TenX ICO looks like it has it all : ) hop in:
https://www.tenx.tech/