TenX (PAY)

$0.10253 (-6.9%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
186 $13,830,900.00 $399,087.00 134,896,000 PAY 48 -6.9% -5.83% $7.07

Exchange Pair Volume (24h) Price
Gate.io PAY/USDT 11,433.23 0.1019000000
Dove Wallet PAY/BTC 1,183.87 0.0000126800
Bittrex PAY/BTC 5,689.78 0.0000125800
Upbit PAY/BTC 5,590.27 0.0000123600
Bittrex PAY/ETH 54.41 0.0005725400
Bithumb PAY/KRW 53,925.00 121.0000000000
OKEx PAY/USDT 158,647.00 0.1014000000
OKEx PAY/BTC 18,543.67 0.0000123000
Huobi Global PAY/BTC 23,989.00 0.0000123100
Dove Wallet PAY/USDT 0.14 0.1070492760
Dove Wallet PAY/ETH 25.16 0.0005651330
Huobi Global PAY/ETH 11,229.51 0.0005537500
Dove Wallet PAY/TUSD 0.17 0.1028828530
Dove Wallet PAY/USDC 0.15 0.1046399240
KuCoin PAY/BTC 249.86 0.0000123100
Livecoin PAY/BTC 232.32 0.0000126400
Upbit PAY/ETH 54.41 0.0005725400
HitBTC PAY/ETH 1.37 0.0005611600
Bkex PAY/ETH 38,571.00 0.0005963800
Dcoin PAY/USDT 40,788.00 0.1014430000
HitBTC PAY/BTC 439.10 0.0000123840
Bitsdaq PAY/ETH 54.43 0.0005725400
Cybex DEX PAY/CYB 170.36 8.2715487158
Huobi Korea PAY/BTC 170.02 0.0000122400
Huobi Korea PAY/ETH 131.63 0.0005537500
Dove Wallet PAY/PAX 0.14 0.1054635770
Gate.io PAY/BTC 0.00 0.0000130000
LocalTrade PAY/BTC 6.14 0.0000135600
Neraex PAY/BTC 1,149.10 0.0000130000
Kyber Network PAY/ETH 200.67 0.0005645432
KuCoin PAY/ETH 7.17 0.0005124000
Gate.io PAY/ETH 0.00 0.0005900000
LATOKEN PAY/ETH 0.00 0.0017425400
BuyUcoin PAY/INR 622.17 13.0000000000
LocalTrade PAY/ETH 0.00 0.0005842000
ForkDelta PAY/ETH 0.00 0.0005222500

Background

TenX is a software wallet with a native token (called PAY) that was built to make blockchain assets instantly spendable anywhere, according to the team's whitepaper. The company's founders are graduates of PayPal's incubator program. TenX's initial token offering in 2017 raised $34 million in 7 minutes. The TenX Product Suite consists of the TenX Card, TenX Wallet, TenX PAY Token and TENX Rewards Token. The card and wallet allow users to spend their cryptocurrencies in a simple and safe way, at more than 40 million points all around the world. The PAY Token is a work-in-progress loyalty program which, in the future, will reward token holders for spending cryptocurrencies using the TenX Card. This will be in addition to future utilities including loyalty benefits and and being integrated within the TenX Wallet as a mode of payment. The TENX Rewards Token is an ERC-20 rewards token on Ethereum with features of ERC-1400. TENX Token holders are rewarded with PAY Tokens based on the company’s financial performance and other relevant factors. TenX co-founders met at a blockchain meetup in Bangkok in 2014, and founded TenX in June 2015 after winning a Hackathon contest in Singapore following a startup boot camp supported by PayPal. The company was originally called OneBit, as it was focusing only on Bitcoin. The co-founders of TenX noticed issues when trying to remit money overseas and believed that blockchain technologies and cryptocurrency payments are the way of payments in the future. They started the company with a vision to have assets on the blockchain, available not only to industry insiders but to any user in the real world. With the emergence of more and more different tokens, a growing number of users and businesses truly struggle to leverage the existing blockchain infrastructure. TenX focuses on making the interconnectedness of physical and virtual platforms a reality.

Technology

The TenX blockchain asset wallet converts the users cryptocurrency into fiat money at the point of sale. In the TenX wallet backend, TenX's COMIT protocol allows different blockchains (e.g., Bitcoin or Ethereum) to interact via a separate token, the PAY token. The TenX wallet can also be used with the TenX card, a virtual or physical debit card connected to the mobile application. The native PAY token facilitates the transfer or crypto to fiat at the point of sale in the application. The TenX PAY token also raised funds via a public offering to support the development of the TenX wallet. To date, the TenX crypto wallet is usable on Andriod, iOS, desktop web browsers, via physical TenX card, and has support for Bitcoin, Ethereum, Dash, and ERC-20 tokens.



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