TenX is a physical card and a wallet that you can use to spend digital assets at any store, even if they don’t accept digital assets. Many people now own cryptocurrencies, but there are fewer stores that accept them. The main aim of TenX is to make any digital asset accessible instantly. To achieve this, TenX has launched a wallet and a card system along with the COMIT network, a protocol that allows payments across the blockchains.
TenX wallet is available in iOS, Windows, and Android. The wallet currently supports Bitcoin, Ethereum, and Litecoin, but soon there will be few more additions. TenX stores the digital currencies in a mixture of hot and cold storage solutions. Once the wallet gets integrated with the COMIT network, the user is given full control of the private keys.
TenX allows the users to make transactions either via the TenX app or a physical TenX debit card. Unlike other crypto cards, all the assets remain cryptos until you don’t make the transactions.
TenX enables the users to have full control of the funds by allowing them to set the spending rules. A user can set daily spending limits, purchase limits, and withdrawal limits. There is also a provision of choosing the portfolio of the coins to use for spending.
WHAT IS TENX TOKEN?
TenX (Pay) Token was launched with an aim to allow users to use the digital wallet and physical card to pay for goods and services. PAY is the Ethereum based ERC-20 cryptocurrency token used by the TenX platform. The TenX Token is premined and is issued similarly like Proof-Of-Stake. PAY token holders receive the payouts, which are equal to 0.5 percent of all transactions on a monthly basis.
The TenX ICO was held on June 24, 2017, which raised $80 million worth of ETH and BTC. PAY is accepted in a variety of crypto exchanges like UPbit, Huobi, Gate.io, Bittrex, Bithumb, etc. The trading pairs of TenX are BTC, ETH, and USDT.
PAY can be stored in an ERC-20 compatible wallet like Trust Wallet, Trezor, and SecuX wallet.
TenX works on COMIT protocol, which uses COMIT routing Protocol to allow interoperability between blockchains and to enable low cost and seamless token exchange between them. COMIT routing protocol is compatible with all the blockchain, which supports timelocks, hash functions, multi-sig, and double-spend protection.