I don't think it's worth holding PAY because of the rewards:
PAY will be dumped even harder when people realize how "much" they'll actually get from the rewards:
In the roadmap of the whitepaper they forecast $1 billion transaction volume for the whole year of 2018.
So:
$1 B expected transaction volume for 2018
0.5 % goes to token holders
205,218,255.948577763364408207 tokens minted
$1,000,000.000 * 0.5% / 205,218,255.948577763364408207 = $0.0244 reward per PAY token for the whole year of 2018.
That's a good point. Don't want to spread FUD here but can someone explain to me why this coin is expected to have any real value when the reward is so low?
0.0244$ per PAY token for a 0.66$ coin (current market price now) per year is too damn low in my opinion.
No wonder is getting dump like crazy.
Maybe someone can convince me otherwise and have some reasonable explanation other than hype to elaborate with facts that Tenx has more value than 0.30$-0.40$ right now.
Hello!
I missed the ICO (some Youtuber mentioned TenX, I saw the vid after the ICO), but I am glad that we can still board this boat without penalty.
Maybe I can help you with your math, I did some back-of-the-envelope calculations for several scenarios that are not in scope of the WP to guide my investment decision. I'm new to crypto, but a veteran stock investor. You are correct, the reward seems low, but that is because 1 billion is a very low assumption for turnover of a credit card issuer. In my opinion, this is a realistic assumption by TenX because crypto is not wide spread (yet). Usually credit card companies range in the multi trillion dollar range, that would equal more than 25 dollar reward per token per year.
In contrast, stock dividends are paid from profit, not turnover or even revenue, and in comparison they are considerably lower in relation to the investment. One author (on Steemit if I remember correctly) was not impressed by TenX because he assumed a 100% yearly payout to asset price ratio, which I find ridiculous as an investor. I have never seen anything like this assumption in the wild.
This reward would be a tiny amount at first/possibly enormous amount later,
in addition to
the PAY increase through the 0.1% volume payback (or however this is called) and
in addition to
the PAY increase through assets bought via market adoption.
Usually, tokens only increase in value through market adoption, so why is everybody so upset about a double bonus which just is going to be low in the beginning?
Better than zero. All other tokens have zero turnover payback. And zero revenue payback. And zero dividends/profits payback. Only increase in asset price, like this one does too.
After all, the business has to be sustainable to be able to pay out for years needed for adoption, and it seems to be like that, plus a small bonus for investors.
Always do your own research, but I like it. I respect the team as well, they have a lot of content online. I also downloaded the wallet which is perfectly designed and bug free (can't order my card yet because of backlog and we can't use ETH and ERC20 yet, but I'm not in a hurry).
TL;DR, I think this project would be a great choice to invest.
Best regards and keep a cool head! And HODL the other coins, seems like we're still crashing.