I want to buy some tokens,i missed the ICO 
Lets go, pay is cheap atm
Topic: TenX Pay Token What will happen in a month? (Read 1230 times)
Lets go, pay is cheap atm
I want to buy some tokens,i missed the ICO
it seems overrated for now. i will buy but first i will wait for dump.
I am waiting for the dump too. I hope that it will have one
Pay is around 3,5/4$ since for few days ...It was 1$ during the ICO and the projetc is great !!
it seems overrated for now. i will buy but first i will wait for dump.
I am holding some and will sell as soon as price has tripled. Although I am not so sure if it was a good investment.
Yes im asking myself the same question over and over.
But... but... there will be 0.5% reward to PAY if the project kicks off succesfully. that's really enticing
.5% is not accurate. If you ask them in the slack about the .5% and how they receive it you will be banned from their slack as they wont explain it (This is the truth as i was banned for asking how they receive .5%). Interchange fees in Europe and most of the starting countries are capped at .3% which is what they will receive as profit from transactions, so they possibly cannot pay .5% if they dont even receive that much. They will try and tell you they receive all the other fees in their slack, even the fee that is paid to visa, but they dont receive those. They have stated the .5% was an example and not an accurate number, it was just an easy number to use for people to understand they will receive a portion back, but that set percentage will not be disclosed until the first disbursement which is currently unknown.
TenX is very much slacking compared to its competitors. They lie in their slacks, and wont explain anything. For example they dont want to open publicly their visa cards as they do not want it to grow fast. So if you do order a visa card, do not expect it to arrive until 2018, as they are talking anywhere from 20-30k cards by end of 2017 by how they talk. They state its because of a regulation, and they cannot give out cards fast due to this regulation, but there is no regulation out there. Truly, you will probably see .1% rewards, which would be nothing in reality as currently at .5% for any person to make say $20 a month holding 1000 tokens, the total spent across all their cards would have to be 400 million monthly, which will never happen as they are slowly increasing card numbers and cant even give an estimated shipping date if you order today.
MCO on the other hand, already guarantees 100k Cards by the end of 2017, while TenX will only have 40k max cards by the end of 2017.
I think the 0.5% will come from charging merchant - see below from whitepaper. Also i think they will make a bit of money from exchange rate - just like other fiat FX debit cards.
"For every card transaction a merchant accepts, the merchant pays 0.5-3% in the form of a
merchant discount fee. This fee is then split among his bank, also called the acquiring bank, the
card scheme and the issuing bank. The fee that is paid to the issuing bank is called the
interchange fee."
I do agree there is always a risk the whole project will be a failure. This is maybe, 75% likely.
However in the 25% likelihood where it does take off, the return on this project can be 10X, 20X etc.
Hence i still think it's a good investment.
That quote isnt correct. In a credit card transactions, the interchange fee is what they receive, and the majority of countries they are starting in have a law that caps the interchange fee to .3%. So to pay .5% when they are only receiving .3% is not possible. The United States has the highest interchange fee at 1.5%, but they wont have the United States until end of q4 2017, and credit cards to the US until atleast q1/q2 2018, as they are growing very slow. Even with the United States, they want 75% of the interchange fee as their profit, which is high compared to what businesses give back in the United States. Expect 1% or less as the average, which leaves .25% for the holders.
In the United States, 1.5% is only given if they are giving atleast 1% to the customers, which they are not so they will not be receiving the 1.5% in the United States.
This is the reason they have not been able to answer these questions, because they used .5% as an example to make it easy to understand, which is stated with the calculations. They banned me from their slack for asking about this, and what regulation is preventing growth, because they do not have an answer to those questions.
I am holding some and will sell as soon as price has tripled. Although I am not so sure if it was a good investment.
Yes im asking myself the same question over and over.
But... but... there will be 0.5% reward to PAY if the project kicks off succesfully. that's really enticing
.5% is not accurate. If you ask them in the slack about the .5% and how they receive it you will be banned from their slack as they wont explain it (This is the truth as i was banned for asking how they receive .5%). Interchange fees in Europe and most of the starting countries are capped at .3% which is what they will receive as profit from transactions, so they possibly cannot pay .5% if they dont even receive that much. They will try and tell you they receive all the other fees in their slack, even the fee that is paid to visa, but they dont receive those. They have stated the .5% was an example and not an accurate number, it was just an easy number to use for people to understand they will receive a portion back, but that set percentage will not be disclosed until the first disbursement which is currently unknown.
TenX is very much slacking compared to its competitors. They lie in their slacks, and wont explain anything. For example they dont want to open publicly their visa cards as they do not want it to grow fast. So if you do order a visa card, do not expect it to arrive until 2018, as they are talking anywhere from 20-30k cards by end of 2017 by how they talk. They state its because of a regulation, and they cannot give out cards fast due to this regulation, but there is no regulation out there. Truly, you will probably see .1% rewards, which would be nothing in reality as currently at .5% for any person to make say $20 a month holding 1000 tokens, the total spent across all their cards would have to be 400 million monthly, which will never happen as they are slowly increasing card numbers and cant even give an estimated shipping date if you order today.
MCO on the other hand, already guarantees 100k Cards by the end of 2017, while TenX will only have 40k max cards by the end of 2017.
I think the 0.5% will come from charging merchant - see below from whitepaper. Also i think they will make a bit of money from exchange rate - just like other fiat FX debit cards.
"For every card transaction a merchant accepts, the merchant pays 0.5-3% in the form of a
merchant discount fee. This fee is then split among his bank, also called the acquiring bank, the
card scheme and the issuing bank. The fee that is paid to the issuing bank is called the
interchange fee."
I do agree there is always a risk the whole project will be a failure. This is maybe, 75% likely.
However in the 25% likelihood where it does take off, the return on this project can be 10X, 20X etc.
Hence i still think it's a good investment.
I am holding some and will sell as soon as price has tripled. Although I am not so sure if it was a good investment.
Yes im asking myself the same question over and over.
But... but... there will be 0.5% reward to PAY if the project kicks off succesfully. that's really enticing
.5% is not accurate. If you ask them in the slack about the .5% and how they receive it you will be banned from their slack as they wont explain it (This is the truth as i was banned for asking how they receive .5%). Interchange fees in Europe and most of the starting countries are capped at .3% which is what they will receive as profit from transactions, so they possibly cannot pay .5% if they dont even receive that much. They will try and tell you they receive all the other fees in their slack, even the fee that is paid to visa, but they dont receive those. They have stated the .5% was an example and not an accurate number, it was just an easy number to use for people to understand they will receive a portion back, but that set percentage will not be disclosed until the first disbursement which is currently unknown.
TenX is very much slacking compared to its competitors. They lie in their slacks, and wont explain anything. For example they dont want to open publicly their visa cards as they do not want it to grow fast. So if you do order a visa card, do not expect it to arrive until 2018, as they are talking anywhere from 20-30k cards by end of 2017 by how they talk. They state its because of a regulation, and they cannot give out cards fast due to this regulation, but there is no regulation out there. Truly, you will probably see .1% rewards, which would be nothing in reality as currently at .5% for any person to make say $20 a month holding 1000 tokens, the total spent across all their cards would have to be 400 million monthly, which will never happen as they are slowly increasing card numbers and cant even give an estimated shipping date if you order today.
MCO on the other hand, already guarantees 100k Cards by the end of 2017, while TenX will only have 40k max cards by the end of 2017.
I am holding some and will sell as soon as price has tripled. Although I am not so sure if it was a good investment.
Yes im asking myself the same question over and over.
But... but... there will be 0.5% reward to PAY if the project kicks off succesfully. that's really enticing
I am holding some and will sell as soon as price has tripled. Although I am not so sure if it was a good investment.
I think TenX does stand out among its competitors. However it's lacking some major marketing effort.
All in all, i think it's 50/50 chance it can rise from here....
All in all, i think it's 50/50 chance it can rise from here....
Tell your thoughts, ideas
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