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).
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.
