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Topic: [ANN] TenX: Making Blockchain assets spendable - page 239. (Read 332362 times)

hero member
Activity: 756
Merit: 500
Hire me! Spanish translator and community manager!
hello
It is said that Token Holders will get 0.5% reward from each transaction.
Coul you please specify how are you going to calculate that? Is it 0.5% from the fees paid while transaction was occured, 0.5% from TenX income of the transaction or 0.5% from the amount of transaction?
Thanks in advance.

Assume $1,200,000,000 transactions per year

0.5% = $6,000,000 / 202,000,000 PAY = $0.0297 per PAY per YEAR

$1,000 PAY @ ICO = 1240 PAY

$0.0297 x 1240 = $36.828 per year

I don't think $1,200,000,000 transactions per year is reasonable. Why the hell do people spend money more than a billion dollar with this standard card? Plesae do your calculations properly, otherwise, you could face a serious problem after your investment.

What are you talking about, 1.2 billion is the aprox volume per year counting with the fact that the average person spend 100$ per month minimum, is in the white paper. 1.2 billion is the estimate in the whitepaper too. Also all the TENX normal cards are sold out, so there's a high demand for TENX cards.
member
Activity: 112
Merit: 10
Please tell me if i understood correctly.

- BTC Blocks valid for payment are : 472693 and 472694
- Token will be distributed in august

Is that right?  Smiley
yes these block should be valid as it was said by the team, they will accept 2 block after ICO has started and these are first two

not sure about the distribution date, can someone confirm?

They said about 3-5 weeks in the last youtube update a few days back.

Already visible (but not transferable yet) in MyEtherWallet if you paid in ETH apparently. But I wouldn't know about that as I paid with BTC.
full member
Activity: 166
Merit: 100
Please tell me if i understood correctly.

- BTC Blocks valid for payment are : 472693 and 472694
- Token will be distributed in august

Is that right?  Smiley
yes these block should be valid as it was said by the team, they will accept 2 block after ICO has started and these are first two

not sure about the distribution date, can someone confirm?
member
Activity: 100
Merit: 10
Can anyone explain me please how  the rewards/money gets to the pay owners? Do we need to bring the PAY tokens to our wallet? Will they burn coins to up the price?

How does it work?  Smiley
legendary
Activity: 2632
Merit: 1040
Please tell me if i understood correctly.

- BTC Blocks valid for payment are : 472693 and 472694
- Token will be distributed in august

Is that right?  Smiley
sr. member
Activity: 448
Merit: 250
Provide high-quality Chinese translation
seems like bitpay
full member
Activity: 309
Merit: 100
hello
It is said that Token Holders will get 0.5% reward from each transaction.
Coul you please specify how are you going to calculate that? Is it 0.5% from the fees paid while transaction was occured, 0.5% from TenX income of the transaction or 0.5% from the amount of transaction?
Thanks in advance.

Assume $1,200,000,000 transactions per year

0.5% = $6,000,000 / 202,000,000 PAY = $0.0297 per PAY per YEAR

$1,000 PAY @ ICO = 1240 PAY

$0.0297 x 1240 = $36.828 per year

I don't think $1,200,000,000 transactions per year is reasonable. Why the hell do people spend money more than a billion dollar with this standard card? Plesae do your calculations properly, otherwise, you could face a serious problem after your investment.
hero member
Activity: 756
Merit: 500
Hire me! Spanish translator and community manager!
hello
It is said that Token Holders will get 0.5% reward from each transaction.
Coul you please specify how are you going to calculate that? Is it 0.5% from the fees paid while transaction was occured, 0.5% from TenX income of the transaction or 0.5% from the amount of transaction?
Thanks in advance.

Assume $1,200,000,000 transactions per year

0.5% = $6,000,000 / 202,000,000 PAY = $0.0297 per PAY per YEAR

$1,000 PAY @ ICO = 1240 PAY

$0.0297 x 1240 = $36.828 per year
full member
Activity: 139
Merit: 100
★777Coin.com★ Fun BTC Casino!
hello
It is said that Token Holders will get 0.5% reward from each transaction.
Coul you please specify how are you going to calculate that? Is it 0.5% from the fees paid while transaction was occured, 0.5% from TenX income of the transaction or 0.5% from the amount of transaction?
Thanks in advance.
sr. member
Activity: 336
Merit: 250
GET IN - Smart Ticket Protocol - Live in market!
Everyone received tokens?

used myethereumwallet and contributed via btc and have not received it

They said before, that tokens will be released around august.
newbie
Activity: 17
Merit: 0
Everyone received tokens?

used myethereumwallet and contributed via btc and have not received it
hero member
Activity: 742
Merit: 529
Everyone received tokens?
hero member
Activity: 946
Merit: 500
Bcnex - The Ultimate Blockchain Trading Platform
Anyone who paid with BTC already received his tokens?

not yet received  Huh

Not received mine yet.

me too, nothing. let's wait another day Smiley

I have tokens PAY, but I do not know how to sign the BTC address, so that the tokens came to MEW.
Tokens bought through wallet.btc.com
Help, please, to solve the problem.


If you can't send signed messages through that wallet (I don't know the wallet in question), then you need to export your private keys and import them to a wallet which can send signed messages.

I was in the same situation. I paid from Exodus wallet. It can't send signed messages. I exported my private key. Installed Electrum. Imported private key. Sent signed message using that. Problem solved.
This is the best possible solution that I can see too. I used also this method but used mycellium to provide me signed message.  Luckily I managed to regain my coins and proved
that this is my account, I thought that It will not be recoverable that time.
member
Activity: 112
Merit: 10
Anyone who paid with BTC already received his tokens?

not yet received  Huh

Not received mine yet.

me too, nothing. let's wait another day Smiley

I have tokens PAY, but I do not know how to sign the BTC address, so that the tokens came to MEW.
Tokens bought through wallet.btc.com
Help, please, to solve the problem.


If you can't send signed messages through that wallet (I don't know the wallet in question), then you need to export your private keys and import them to a wallet which can send signed messages.

I was in the same situation. I paid from Exodus wallet. It can't send signed messages. I exported my private key. Installed Electrum. Imported private key. Sent signed message using that. Problem solved.
sr. member
Activity: 336
Merit: 250
GET IN - Smart Ticket Protocol - Live in market!
I understand if the app is very popular and 1 billion dollar (imaginary number) worth of cryptocurrency is transacted every day, it will be 1 billion*0.5%/number of paytoken which will be a huge profit for paytoken holder everyday. And it will generate perpetual income for paktoken holder. Am I right?

Exactely.
sr. member
Activity: 336
Merit: 250
GET IN - Smart Ticket Protocol - Live in market!
What is the total supply of your tokens?

Do not be too lazy to read the whitepaper, in this ICO, about 20,000,000 PAY was sold, which is 51% of all the PAY supply.

Wrong.  The TenX ICO raised 200,000 ETH, each of which bought 420 PAY tokens (=350 plus 20% first day bonus) that represented 51% of the total supply.  Thus there will be 200,000*420 = 84M PAY tokens at the exchanges when TenX trading starts (compared to only 9.45M Monaco MCO tokens trading NOW on Bittrex...).  

When both coins exit their lockout periods, there will be 164.7M TenX PAY tokens total to 31.5M Monaco MCO tokens total.

Ownership in TenX is diluted by a factor of 164.7 / 31.5 = 5.22 compared to Monaco.  If the two cards are "equal" in the marketplace, then a single MCO token "should" be worth more than five times the price of a single PAY token.  

But the two cards ARE NOT equal in the marketplace.  According to their terms of service, Monaco will issue their crypto VISA cards to 300M+ Americans;  TenX will not.

Check out Monaco MCO tokens.  They're the better bet for traders seeking a winning cryptocurrency VISA card play at the exchanges.

http://mona.co

Move your monaco shit to the "Is Monaco a scam ?" thread here https://bitcointalksearch.org/topic/monaco-visa-ico-tomorrow-latest-scam-1921793.

Monaco doesn't have a card now and might never release one.

Their fees are worse for users and the benefits are worse for tokenholders.

Why would anyone - except for the stupid ones who invested - ever use that card (if there ever is one to use) Huh

TenX has a WORKING CARD NOW and will ship the card to users in the US in Q4.


How can I apply for a TenX card outside US?

You need to install the android app an there you can apply for the card:

https://play.google.com/store/apps/details?id=com.onebit.app

what's a pity. I don't have an android phone. Will they provide iOS version APP?

iOS will be out in july, afaik.
newbie
Activity: 17
Merit: 0
I understand if the app is very popular and 1 billion dollar (imaginary number) worth of cryptocurrency is transacted every day, it will be 1 billion*0.5%/number of paytoken which will be a huge profit for paytoken holder everyday. And it will generate perpetual income for paytoken holder. Am I right?
hero member
Activity: 1162
Merit: 568
What is the total supply of your tokens?

Do not be too lazy to read the whitepaper, in this ICO, about 20,000,000 PAY was sold, which is 51% of all the PAY supply.

Wrong.  The TenX ICO raised 200,000 ETH, each of which bought 420 PAY tokens (=350 plus 20% first day bonus) that represented 51% of the total supply.  Thus there will be 200,000*420 = 84M PAY tokens at the exchanges when TenX trading starts (compared to only 9.45M Monaco MCO tokens trading NOW on Bittrex...).  

When both coins exit their lockout periods, there will be 164.7M TenX PAY tokens total to 31.5M Monaco MCO tokens total.

Ownership in TenX is diluted by a factor of 164.7 / 31.5 = 5.22 compared to Monaco.  If the two cards are "equal" in the marketplace, then a single MCO token "should" be worth more than five times the price of a single PAY token.  

But the two cards ARE NOT equal in the marketplace.  According to their terms of service, Monaco will issue their crypto VISA cards to 300M+ Americans;  TenX will not.

Check out Monaco MCO tokens.  They're the better bet for traders seeking a winning cryptocurrency VISA card play at the exchanges.

http://mona.co

Move your monaco shit to the "Is Monaco a scam ?" thread here https://bitcointalksearch.org/topic/monaco-visa-ico-tomorrow-latest-scam-1921793.

Monaco doesn't have a card now and might never release one.

Their fees are worse for users and the benefits are worse for tokenholders.

Why would anyone - except for the stupid ones who invested - ever use that card (if there ever is one to use) Huh

TenX has a WORKING CARD NOW and will ship the card to users in the US in Q4.


How can I apply for a TenX card outside US?

You need to install the android app an there you can apply for the card:

https://play.google.com/store/apps/details?id=com.onebit.app

what's a pity. I don't have an android phone. Will they provide iOS version APP?
member
Activity: 67
Merit: 10
question who start getting frustrated  over this time stamped list? because i do

it doesnt make sens we invested in the presale with huge money
and we have to wait wait wait wait
in the mean time the rest who invested less 0.5 ether can get their card
doesnt make any sens to me Angry
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