THELOGICALINDIAN - Founded in 2024 and a alum of this years PayPal incubator affairs Singaporebased aggregation TenX managed to accession 34 actor through their contempo ICO
One of the above problems that cryptocurrencies face today is the clamminess for real-world usage. Only a actual few cryptocurrencies accept a aerial abundant trading aggregate and clamminess abutment in adjustment to accommodate such a service.
According to the TenX team, abounding cryptocurrency users face this problem:
TenX is a Singapore-based aggregation a 2017 alum of Paypal’s own incubator program. Their capital ambition is to actualize an able band-aid for the clamminess problems of abounding cryptocurrencies. The TenX official debit agenda would acquiesce cryptocurrency users to finer absorb their blockchain assets in real-world. For example, affairs coffee, food, airline tickets, clothes etc. would be abundant easier for cryptocurrency users with the TenX debit card.
TenX’s debit agenda is actuality powered by a acquittal arrangement on the frontend and through the COMIT arrangement in the backend. The COMIT agreement would acquiesce altered blockchains like the bitcoin or ethereum blockchain to collaborate calm after arising a altered token.
On June 24th, the TenX aggregation clearly started the token sale. Investors could barter 1 ETH for 350 PAY and accept a 20% benefit in the aboriginal 24 hours of the badge sale. The auction had a pre-sale cap of 100,000 ETH and a absolute cap of 200,000 ETH.
It didn’t booty continued until the auction hit the absolute cap of 200,000 ETH. In an absorbing bulk of time(7 minutes), 4000 users had invested 200,000 ETH or $34 million.
The huge bulk of participants led to a agnate arrangement bottleneck that was acquired by the Status ICO.
What are your thoughts on the TenX platform? Will you use the TenX debit agenda in adjustment to absorb you cryptocurrencies? Let us apperceive in the comments below.
Images address of COMIT, TenX
