TenX (PAY)

$0.122787 (12.66%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
192 $14,328,700.00 $415,836.00 116,696,000 PAY 71 12.66% 3.99% -$15.54

Exchange Pair Volume (24h) Price
Gate.io PAY/USDT 7,741.12 0.1243000000
Bitsdaq PAY/ETH 117.80 0.0006401900
Bittrex PAY/ETH 117.83 0.0006401900
HitBTC PAY/ETH 495.91 0.0006401000
HitBTC PAY/BTC 1,551.00 0.0000119010
OKEx PAY/USDT 147,109.00 0.1236000000
Huobi Korea PAY/BTC 345.87 0.0000119100
Bittrex PAY/BTC 7,698.91 0.0000118000
Bkex PAY/ETH 88,367.00 0.0005996500
Upbit PAY/BTC 7,338.15 0.0000118000
Huobi Global PAY/BTC 41,117.00 0.0000119100
OKEx PAY/BTC 15,860.29 0.0000119000
Huobi Global PAY/ETH 9,364.34 0.0006392100
KuCoin PAY/BTC 598.35 0.0000120300
Upbit PAY/ETH 117.79 0.0006401900
Dove Wallet PAY/USDT 3.98 0.1236000000
Dove Wallet PAY/BTC 1,310.54 0.0000121090
Dove Wallet PAY/USDC 2.04 0.1212862140
Dove Wallet PAY/ETH 12.41 0.0006541760
Dove Wallet PAY/PAX 0.08 0.1263026710
Gate.io PAY/ETH 325.20 0.0006430000
Dove Wallet PAY/TUSD 5.81 0.1289000000
Dcoin PAY/USDT 49,591.00 0.1285660000
Livecoin PAY/BTC 484.20 0.0000118200
BitBay PAY/PLN 236.77 0.4600000000
Neraex PAY/BTC 1,172.64 0.0000118000
LocalTrade PAY/BTC 763.93 0.0000117600
LocalTrade PAY/USD 140.48 0.1223856600
LocalTrade PAY/USDT 136.48 0.1194240300
LocalTrade PAY/ETH 114.90 0.0006329700
Cybex DEX PAY/CYB 78.84 9.1070127387
Bithumb PAY/KRW 45,646.00 235.0000000000
Huobi Korea PAY/ETH 0.00 0.0006400100
KuCoin PAY/ETH 0.00 0.0006003000
CoinExchange.io PAY/ETH 0.00 0.0009999900
Kyber Network PAY/ETH 63.51 0.0006269860
BitBay PAY/BTC 3.88 0.0000130000
Idex PAY/ETH 10.81 0.0005439411
Gate.io PAY/BTC 0.00 0.0000130000
LATOKEN PAY/ETH 5.16 0.0001201000
ForkDelta PAY/ETH 0.00 0.0005500155
BuyUcoin PAY/INR 431.64 9.0000000000
BitBay PAY/USD 15.07 0.1500000000
BitBay PAY/EUR 17.74 0.1600000000
CryptalDash PAY/USDT 0.00 0.2762609700

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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