[ANN] TenX: Making Blockchain assets spendable - page 154.

Bitcoin Guy

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Quote from: eLNoXX on September 12, 2017, 09:01:47 AM

The money skeleton blessed this token with his mighty big head.
Keep buying and hodl.
The money skeleton never fails.

Who is this "money skeleton"?

I bought TenX at $5.00 and am wondering how long will it take, if not ever, to get my full investment back.

supertee

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As this is something digital, it would be awesome somehow design your very own card design

I can't wait to get my card... Hopefully it will arrive somewhen in October.

YGung

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Quote from: franc0 on September 11, 2017, 10:46:09 AM

Guys there is a big error. everyones thinks that the dividends will be split / 205M That's a big mistake.

The dividends are going to be divided by much less than 100M tokens. They just confirmed in the slack that the 100Million tokens they own (around 49%)which are now in 5 multi signature contracts are NOT going to receive the dividends nor the Exchanges Addresses. So according to my numbers only around 74 million tokens will receive Dividends.

Yeah, but in 4 years, when that 49% of tokens vest, a majority (if not all) could become a part of the circulating supply pool. 74 million tokens may be the magic number initially, but that #s going to go up over these next few years.

minime0105

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Quote from: .cryptic. on September 11, 2017, 07:06:41 PM

Quote from: minime0105 on September 11, 2017, 11:50:58 AM

Quote from: niklasmato on September 10, 2017, 02:19:58 AM

Quote from: easyrimka on September 09, 2017, 04:45:31 PM

For ICO buyers, do you earn rewards about TENX ? they said you earn tokens depending on users using the application to pay, is it working ?

You will receive dividents based on the number of pay you have.
As far as i know this hasn't been activated yet as the product is still in Beta.

It might take months to be functional, but dont worry, just keep accumulating now, it will be worth it all in the end for sure.

Any tentatative ETA for reward sharing to go live? I dont think it will take many more months to get activated.

I dont know about the ETA, but it will definitely come, because the distribution of cards are already ongoing, therefore its the ignal of course.

franc0

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Hire me! Spanish translator and community manager!

Quote from: kchulani on September 12, 2017, 10:55:54 AM

Hi, I am from Canada and I have a TenX Card, can someone tell me if I use the card in the states or somewhere else will it work? Thanks?

-Ethereal

Yep it will work in the US too.

kchulani

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Hi, I am from Canada and I have a TenX Card, can someone tell me if I use the card in the states or somewhere else will it work? Thanks?

-Ethereal

eLNoXX

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The money skeleton blessed this token with his mighty big head.
Keep buying and hodl.
The money skeleton never fails.

niklasmato

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Quote from: SomeGuyInOz on September 12, 2017, 06:00:59 AM

Quote from: legendbtc on September 12, 2017, 04:39:04 AM

Many people are talking about Dividends, till now I don't TexPay is dividends based crypto. So when are they going to pay the dividends, is there any specific ETA provided by the team.

They are expecting it to happen before the year is out. They are waiting until after the upcoming Ethereum hard fork, as well as focusing on getting the app and cards right.

The most exiting part of the whole Weekly webinar is the fact that they signed a banking license yesterday!
They expect to have it active in the next 6 months !

Exciting

https://www.youtube.com/watch?v=1VZasxEV4Cs

SomeGuyInOz

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Quote from: legendbtc on September 12, 2017, 04:39:04 AM

Many people are talking about Dividends, till now I don't TexPay is dividends based crypto. So when are they going to pay the dividends, is there any specific ETA provided by the team.

They are expecting it to happen before the year is out. They are waiting until after the upcoming Ethereum hard fork, as well as focusing on getting the app and cards right.

legendbtc

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Leading Crypto Sports Betting & Casino Platform

Many people are talking about Dividends, till now I don't TexPay is dividends based crypto. So when are they going to pay the dividends, is there any specific ETA provided by the team.

saugwurm

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What many of the analysts have completely forgotten is that TenX has to buy back tokens from the free market (they won't use their PAY reserves for this) to pay the incentive for the card users in PAY. And that will be a huge amount of tokens. I think it'll drive up the price as soon as the feature is unlocked. Also this incentive drives the people even more to use the card more often.

someonesomeone

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This is indeed very good news which will very nicely increase our dividends. Now if I would only get my card so that I can start using it that would be awesome Cheesy

Quote from: franc0 on September 11, 2017, 10:46:09 AM

Guys there is a big error. everyones thinks that the dividends will be split / 205M That's a big mistake.

The dividends are going to be divided by much less than 100M tokens. They just confirmed in the slack that the 100Million tokens they own (around 49%)which are now in 5 multi signature contracts are NOT going to receive the dividends nor the Exchanges Addresses. So according to my numbers only around 74 million tokens will receive Dividends.

kevingreen

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Very optimistic keep it up

.cryptic.

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Quote from: minime0105 on September 11, 2017, 11:50:58 AM

Quote from: niklasmato on September 10, 2017, 02:19:58 AM

Quote from: easyrimka on September 09, 2017, 04:45:31 PM

For ICO buyers, do you earn rewards about TENX ? they said you earn tokens depending on users using the application to pay, is it working ?

You will receive dividents based on the number of pay you have.
As far as i know this hasn't been activated yet as the product is still in Beta.

It might take months to be functional, but dont worry, just keep accumulating now, it will be worth it all in the end for sure.

Any tentatative ETA for reward sharing to go live? I dont think it will take many more months to get activated.

minime0105

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Activity: 1246

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Quote from: niklasmato on September 10, 2017, 02:19:58 AM

Quote from: easyrimka on September 09, 2017, 04:45:31 PM

For ICO buyers, do you earn rewards about TENX ? they said you earn tokens depending on users using the application to pay, is it working ?

You will receive dividents based on the number of pay you have.
As far as i know this hasn't been activated yet as the product is still in Beta.

It might take months to be functional, but dont worry, just keep accumulating now, it will be worth it all in the end for sure.

franc0

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Hire me! Spanish translator and community manager!

Yeah, but the people made their calculations very wrong lol, 131M wrong. Results are more optimistic.

If they reach Half milestone:

With 50 million users x 100$ average monthly spending x 12 months x .005 (.5%) = 300,000,000 / 74 million tokens = 4.05 per token annually.

So with a quarter of half a milestones (12.5 Million userS) =1$ per token annually.

With the full milestones (100 million users) = 8$ per token annually.

miningguru

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Quote from: Wekkel on September 11, 2017, 07:39:24 AM

The TenX PAY tokens is clearly tied to a certain dividend stream and this dividend stream only. As an ERC20 token, there is nothing additional to it that would give it speculative value (there is no 'app' attached to it other than this dividend). So yes, price is way to high and should come down before investors that pay attention are willing to take a gamble. I noted this also: https://steemit.com/tenx/@wekkel/the-tenx-play

Quote

The Token
The Token. Please forget about it for now:

the token is an ERC20 token, held in an ETH wallet
official named Tenx PAY tokens
the token does not represent anything but a dividend right
the dividend right boils down the following
the total amount of payments made via TenX (over a certain period)
0.5% thereof
this 0.5% part divided over about 200,000,000 TenX tokens
to be distributed on each Tenx token as ETH (if held in private ETH wallet)
so in a realistic scenario: paying zilch compared to the risk vs current exchange price of TenX tokens
To clarify:

a quick look that non-cash payments worldwide are about $400-500 billion annually
let's say that in a rosy scenario (e.g., full penetration worldwide and without competition), TenX grows to 10% of that payment stream
that's $40 billion. Doing the math (($40 billion * 0,5%) / about 200 mln), one single token will pay $1.
So if TenX becomes the gold standard of crypto card payment, each token will pay annually $1. The current price of TenX is $4. So TenX tokens have an annual yield of 25% under the most rosy scenario. Not bad in a near zero interest rate environment.

But in a less rosy scenario (let's say, 10% of the rosy scenario) which is not unlikely given competition and friction in reaching audiences worldwide, the yield of TenX tokens would be 2,5% at current price ($0.10 / $4 * 100%). With the risks associated to cryptocurrencies, not a price for which you would sell your house, your wife and kids for an enormous bag of TenX tokens.

So from my perspective, the fireworks is not in the TenX token (although it could and probably will be pumped to 10-100 times price perfection).

Everyone is free to speculate and perhaps the numbers do not matter, but for some people the numbers do matter. The relentless price decline proves them right.

Yes, these predictions will give some ideology to the people who don't have any knowledge how the dividends platform works. Even till now I don't know That Tenx will pay dividends on every three months.

WGXtreme

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Quote from: franc0 on September 11, 2017, 10:46:09 AM

Guys there is a big error. everyones thinks that the dividends will be split / 205M That's a big mistake.

The dividends are going to be divided by much less than 100M tokens. They just confirmed in the slack that the 100Million tokens they own (around 49%)which are now in 5 multi signature contracts are NOT going to receive the dividends nor the Exchanges Addresses. So according to my numbers only around 74 million tokens will receive Dividends.

BUT BUT... the fud said...

I don´t really mind at the moment, the dividents will be very very small for now as there are not many cards going around. Once they start pushing out the cards, the dividents will get more interesting!

franc0

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Hire me! Spanish translator and community manager!

Guys there is a big error. everyones thinks that the dividends will be split / 205M That's a big mistake.

The dividends are going to be divided by much less than 100M tokens. They just confirmed in the slack that the 100Million tokens they own (around 49%)which are now in 5 multi signature contracts are NOT going to receive the dividends nor the Exchanges Addresses. So according to my numbers only around 74 million tokens will receive Dividends.

kevingreen

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This is a good coin

Topic: [ANN] TenX: Making Blockchain assets spendable - page 154. (Read 332329 times)