TenX logo

TenX (PAY)

Finance
Website
TwitterMore socials
Status
ICO

TenX connects your blockchain assets for everyday use. TenX’s debit card and banking licence will allow us to be a hub for the blockchain ecosystem to connect for real-world use cases.

TenX White Paper Whitepaper

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Interest lvl
Medium
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User Rating
Medium
3/5 1 votes
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Ticker
PAY
Type
Security
Token standard
ERC-20
FoundedSingapore
Registration countrySingapore
Registration year2015
Office address11 Keppel Rd, #07-00 ABI Plaza Singapore 089057

What is TenX

When we as the co-founders of TenX got together to start this company, it was our vision to have assets on the blockchain be not only available to industry insiders, but rather something that can be used by any individual user in the “real world”.

Additionally, with the emergence of more and more different tokens, a growing number of users and businesses truly struggle to leverage on the existing infrastructure to make this interconnectedness of physical and virtual platforms become a reality.

At TenX, we strive to offer the user access to as large as possible a range of blockchain assets at a maximum degree of convenience, while adhering to the highest security standards in the ecosystem.

We are able to do this by connecting blockchains, leveraging on the COMIT network, including the COMIT Routing Protocol and the Cross-chain Payment Channels, which works in a completely trustless, instantaneous and low-cost manner.

To the end-user, we offer the TenX Card, a debit card, with an accompanying TenX Wallet, a mobile wallet that can be funded not only with Bitcoin (BTC), Ether (ETH), and Dash (DASH) as currently possible, but also with virtually any blockchain asset in time to come. TenX payment facilities which include the physical and virtual debit card can be used in almost 200 countries at over 36 million points of acceptance today. This is possible as we have card issuance partnerships with major credit card companies.

Moreover, users and businesses can exchange their blockchain assets seamlessly from one user to another in a decentralized manner, removing any risk that is usually associated with current centralized solutions.

TenX Roadmap

1
24 June, 1PM (UTC)

Token Sale Started

2
To be announced

Token Sale End

3
July 2017

- Exchange partnership announced
- ERC20 Token support rollout

4
August 2017

- iOS and WebApp launch

- Trading start

5
September 2017

More exchange partnerships and currencies

6
Q4 2017

Decentralised secure smart contracts (DSS) ready for public and open for developer

7
Q4 2017

Initial version of COMIT live

8
Q1 2018

Comprehensive security testing and audits on COMIT

9
Q2 2018

COMIT fully integrated Bitcoin, Ethereum and more

10
Q3 2018

Open platform for developers on COMIT

11
Q4 2018

Onboarding of other Blockchain assets such as ETFs, derivatives and other investment products

12
2019

- TenX Card Issuing Licence

- Full revenue & control on TenX car

13
2020

- TenX - blockchain Banking Licence

- Issue FIAT tokens fully backed and insured by a goverment.

- A trojan horse to bring everyone on blockchain ecosystem

from traditional banking system.

Token Sale Dates

ICO

Start date: Jun 24, 2017
End date: Jun 24, 2017

Token Allocation

Total Token Supply 205,218,255.94858 PAY

Funding Details

Soft Cap 200,000 ETH
Funds Raised (as of now) 80,000,000 USD

Token distribution


51% - Sold to the community
20% - Community, biz, Dev, R&D, education, expansion
20% - Founders, early investors, employees
9% - Strategic partnerships, advisory

Funds allocation


45% - COMIT Integration
20% - Marketing and sales
10% - Multiplatform integration
10% - Admin and operations
5% - Development fund
5% - Legal
5% - Bug bounty program

Token Price and Payment Options

Token price USD 1 PAY= 0.64 USD
Token price ETH 1 PAY = 0.002857 ETH
Accepted Currencies ETH, BTC

Project team

Toby Hoenisch
Toby Hoenisch
Co-Founder & CEO
Toby Hoenisch linkedin-team
Michael Sperk
Michael Sperk
Co-Founder & CTO
Michael Sperk linkedin-team
Paul Kitti
Paul Kitti
Co-Founder & COO
Paul Kitti linkedin-team
Philipp Hoenisch
Philipp Hoenisch
RESEARCH LEAD
Philipp Hoenisch linkedin-team
Thomas Eizinger
Thomas Eizinger
RESEARCH ENGINEER
Thomas Eizinger linkedin-team
Franck Royer
Franck Royer
SENIOR SOFTWARE ENGINEER
Franck Royer linkedin-team
Lucas Soriano d. Pino
Lucas Soriano d. Pino
JUNIOR SOFTWARE ENGINEER
Lucas Soriano d. Pino linkedin-team
Daniel Karzel
Daniel Karzel
SOFTWARE ENGINEER
Daniel Karzel linkedin-team
Tobin Harding
Tobin Harding
SOFTWARE ENGINEER
Tobin Harding linkedin-team

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