An interesting article mentioning TenX:
https://www.inc.com/brian-d-evans/cryptocurrency-initial-coin-offerings-are-helping-startups-raise-millions.html
Topic: [ANN] TenX: Making Blockchain assets spendable - page 291. (Read 332241 times)
It is true TenX is most powerful and well prepared competitor to those projects working on or providing similar services. How the team will manage to not charge foreign exchange commission this is where I stopped to think more about. Annual administrating fee concession is understandable but who will pay that conversion fee ? I would like to more about this. May be by reading whole concept well I reach to get the answer.
Quote
Thank you for the quick and clear answers!
Could you please explain to this layman what 'kickback from card provider' means. This sounds like the card will still be part of a different company (VISA/MC who will wish for a minor stake as well). What will their stake be then, and how will this translate into costs for the card user per payment?
Whenever you use your MC or VISA, the merchant has to pay around 2-3%. The card providers share this fee with us, so we do not have to charge our users.
This... Sounds superb!
Only, from all the collected fees MC/Visa give you a measly 2 percent?! That seems like a rough deal!
Quote
Thank you for the quick and clear answers!
Could you please explain to this layman what 'kickback from card provider' means. This sounds like the card will still be part of a different company (VISA/MC who will wish for a minor stake as well). What will their stake be then, and how will this translate into costs for the card user per payment?
Whenever you use your MC or VISA, the merchant has to pay around 2-3%. The card providers share this fee with us, so we do not have to charge our users.
There is a similar project called Monaco. What differentiates TenX from it?
We have a comparison on our website: www.tenx.tech
Short version: WE ARE LIVE - Monaco is only a concept... nothing proven. We do not charge any fees, we work with more currencies, we have a better backend, etc.
Monaco is a whitelabel solution without any actual tech.
It says product is ready. Are there already physical cards with the VISA or MasterCard logo in it?
I think they have Built TenX Wallet to allow for instant multi asset transactions and payments. And as you can see, there is no VISA logo in the card, it seems that there is a Mastercard logo on the right side of the card.
So the wallet so far is ready but no contracts whatsoever for the cards with VISA or MasterCard.
everything is ready and live - watch our videos on YouTube: www.youtube.com/tenxwallet
There is a similar project called Monaco. What differentiates TenX from it?
It says product is ready. Are there already physical cards with the VISA or MasterCard logo in it?
I think they have Built TenX Wallet to allow for instant multi asset transactions and payments. And as you can see, there is no VISA logo in the card, it seems that there is a Mastercard logo on the right side of the card.
So the wallet so far is ready but no contracts whatsoever for the cards with VISA or MasterCard.
Hey I have read the entire white paper so I did my best to find the answer to my questions. Regrettably I either couldn't find it or didn't quite understand the answers. When it comes to finances I am quite the layman.
When someone makes a transaction one can earn up to 0.1% of it in PAY.
1) but couldn't this theoretically become impossible, if people would hold on to their PAY and the limited supply is insufficient?
2) if PAY can be created through this payout, wouldn't this cause inflation in the long term?
PAY holders receive 0,5% of the transactions made on the TenX platform in Ether.
1) wouldn't this be a disincentive for people wishing to use TenX for payments? (It is a small fee, but see my following questions).
What fees are people using TenX for payments to expect, and what does TenX stand to gain on payments on their platform?
1) there are no transactions fees, but surely TenX will earn from payments. Does TenX charge a fee for exchanging crypto to fiat then?
2) how are current exchange rates calculated, from a specific exchange site?
3) just broadly, what will a TenX payer pay additionally to use the platform (no matter the form, fee, exchange rate...) and...
4) what will TenX earn per payment (in whatever form)?
Thanks in advance for answering my questions, I hope they were clearly formulated.
When someone makes a transaction one can earn up to 0.1% of it in PAY.
1) but couldn't this theoretically become impossible, if people would hold on to their PAY and the limited supply is insufficient?
2) if PAY can be created through this payout, wouldn't this cause inflation in the long term?
PAY holders receive 0,5% of the transactions made on the TenX platform in Ether.
1) wouldn't this be a disincentive for people wishing to use TenX for payments? (It is a small fee, but see my following questions).
What fees are people using TenX for payments to expect, and what does TenX stand to gain on payments on their platform?
1) there are no transactions fees, but surely TenX will earn from payments. Does TenX charge a fee for exchanging crypto to fiat then?
2) how are current exchange rates calculated, from a specific exchange site?
3) just broadly, what will a TenX payer pay additionally to use the platform (no matter the form, fee, exchange rate...) and...
4) what will TenX earn per payment (in whatever form)?
Thanks in advance for answering my questions, I hope they were clearly formulated.
Great questions - see the answers below:
1. There is always someone willing to sell - this feature will actually increase the PAY price and was designed that way.
2. It is NOT created - we have to buy it on the open market.
1. Yes, true - we don't want people to sell their PAY, that's why we have an incentive for them.
2. We use Polo, Kraken, Quoine
3. no fees
4. we get up to 2% kickback from the card provider
Thank you for the quick and clear answers!
Could you please explain to this layman what 'kickback from card provider' means. This sounds like the card will still be part of a different company (VISA/MC who will wish for a minor stake as well). What will their stake be then, and how will this translate into costs for the card user per payment?
Hey I have read the entire white paper so I did my best to find the answer to my questions. Regrettably I either couldn't find it or didn't quite understand the answers. When it comes to finances I am quite the layman.
When someone makes a transaction one can earn up to 0.1% of it in PAY.
1) but couldn't this theoretically become impossible, if people would hold on to their PAY and the limited supply is insufficient?
2) if PAY can be created through this payout, wouldn't this cause inflation in the long term?
PAY holders receive 0,5% of the transactions made on the TenX platform in Ether.
1) wouldn't this be a disincentive for people wishing to use TenX for payments? (It is a small fee, but see my following questions).
What fees are people using TenX for payments to expect, and what does TenX stand to gain on payments on their platform?
1) there are no transactions fees, but surely TenX will earn from payments. Does TenX charge a fee for exchanging crypto to fiat then?
2) how are current exchange rates calculated, from a specific exchange site?
3) just broadly, what will a TenX payer pay additionally to use the platform (no matter the form, fee, exchange rate...) and...
4) what will TenX earn per payment (in whatever form)?
Thanks in advance for answering my questions, I hope they were clearly formulated.
When someone makes a transaction one can earn up to 0.1% of it in PAY.
1) but couldn't this theoretically become impossible, if people would hold on to their PAY and the limited supply is insufficient?
2) if PAY can be created through this payout, wouldn't this cause inflation in the long term?
PAY holders receive 0,5% of the transactions made on the TenX platform in Ether.
1) wouldn't this be a disincentive for people wishing to use TenX for payments? (It is a small fee, but see my following questions).
What fees are people using TenX for payments to expect, and what does TenX stand to gain on payments on their platform?
1) there are no transactions fees, but surely TenX will earn from payments. Does TenX charge a fee for exchanging crypto to fiat then?
2) how are current exchange rates calculated, from a specific exchange site?
3) just broadly, what will a TenX payer pay additionally to use the platform (no matter the form, fee, exchange rate...) and...
4) what will TenX earn per payment (in whatever form)?
Thanks in advance for answering my questions, I hope they were clearly formulated.
Great questions - see the answers below:
1. There is always someone willing to sell - this feature will actually increase the PAY price and was designed that way.
2. It is NOT created - we have to buy it on the open market.
1. Yes, true - we don't want people to sell their PAY, that's why we have an incentive for them.
2. We use Polo, Kraken, Quoine
3. no fees
4. we get up to 2% kickback from the card provider
Have Vitalik really invested in Tenx? Why did he only say he will give advise to @omise_go and @loi_luu 's Kyber ?
Why didn't he pay attention to his investment in Tenx?
i think vitalik not invested this projectWhy didn't he pay attention to his investment in Tenx?
It's ok if you think that - go on his fund's website and check the facts: www.fenbushi.vc
Hey I have read the entire white paper so I did my best to find the answer to my questions. Regrettably I either couldn't find it or didn't quite understand the answers. When it comes to finances I am quite the layman.
When someone makes a transaction one can earn up to 0.1% of it in PAY.
1) but couldn't this theoretically become impossible, if people would hold on to their PAY and the limited supply is insufficient?
2) if PAY can be created through this payout, wouldn't this cause inflation in the long term?
PAY holders receive 0,5% of the transactions made on the TenX platform in Ether.
1) wouldn't this be a disincentive for people wishing to use TenX for payments? (It is a small fee, but see my following questions).
What fees are people using TenX for payments to expect, and what does TenX stand to gain on payments on their platform?
1) there are no transactions fees, but surely TenX will earn from payments. Does TenX charge a fee for exchanging crypto to fiat then?
2) how are current exchange rates calculated, from a specific exchange site?
3) just broadly, what will a TenX payer pay additionally to use the platform (no matter the form, fee, exchange rate...) and...
4) what will TenX earn per payment (in whatever form)?
Thanks in advance for answering my questions, I hope they were clearly formulated.
When someone makes a transaction one can earn up to 0.1% of it in PAY.
1) but couldn't this theoretically become impossible, if people would hold on to their PAY and the limited supply is insufficient?
2) if PAY can be created through this payout, wouldn't this cause inflation in the long term?
PAY holders receive 0,5% of the transactions made on the TenX platform in Ether.
1) wouldn't this be a disincentive for people wishing to use TenX for payments? (It is a small fee, but see my following questions).
What fees are people using TenX for payments to expect, and what does TenX stand to gain on payments on their platform?
1) there are no transactions fees, but surely TenX will earn from payments. Does TenX charge a fee for exchanging crypto to fiat then?
2) how are current exchange rates calculated, from a specific exchange site?
3) just broadly, what will a TenX payer pay additionally to use the platform (no matter the form, fee, exchange rate...) and...
4) what will TenX earn per payment (in whatever form)?
Thanks in advance for answering my questions, I hope they were clearly formulated.
Have Vitalik really invested in Tenx? Why did he only say he will give advise to @omise_go and @loi_luu 's Kyber ?
Why didn't he pay attention to his investment in Tenx?
i think vitalik not invested this project Why didn't he pay attention to his investment in Tenx?
Here is to the crazy ones... Happy Saturday!
https://www.youtube.com/watch?v=dRmPhZIpxVs
https://www.youtube.com/watch?v=dRmPhZIpxVs
AMA / Q&A June 17th 2017 on TenX Token Sale
https://www.youtube.com/watch?v=NsNDCVVDG88&list=PLY8v3jLUM10lSjfQbaC5MoTQUHZqlAtPB&index=1
Here are some questions we will cover - looking forward to getting Qs from you live:
When can I see the tokens on MyEtherWallet?
What is the benefit of the token?
Fees?
Remaining ETH? Cap?
Special Cards?
Settings to send?
Card availability?
Conversion of Alts?
Using BTC?
How often payout? Hourly
https://www.youtube.com/watch?v=NsNDCVVDG88&list=PLY8v3jLUM10lSjfQbaC5MoTQUHZqlAtPB&index=1
Here are some questions we will cover - looking forward to getting Qs from you live:
When can I see the tokens on MyEtherWallet?
What is the benefit of the token?
Fees?
Remaining ETH? Cap?
Special Cards?
Settings to send?
Card availability?
Conversion of Alts?
Using BTC?
How often payout? Hourly
would like to reserve Korean translation if it's available!
It says product is ready. Are there already physical cards with the VISA or MasterCard logo in it?
I think they have Built TenX Wallet to allow for instant multi asset transactions and payments. And as you can see, there is no VISA logo in the card, it seems that there is a Mastercard logo on the right side of the card.
How to prove that Vitalik have invested in Tenx? he even have no any twitter connecting with tenx twitter?
Have Vitalik really invested in Tenx? Why did he only say he will give advise to @omise_go and @loi_luu 's Kyber ?
Why didn't he pay attention to his investment in Tenx?
Why didn't he pay attention to his investment in Tenx?
100k eth was gather during the presale, the ICO hard cap is 200k, is that separate from the presale 100k, so 200k in total or 200k ICO + 100k presale ? Still would like to see how the 29% will be distributed over 4 years.
200k total. So 100k left for the ICO
Jump to: