WHAT IS TenX?
TenX is a revolutionary decentralized cryptocurrency platform that helps you spend you digital currency instantly, this is achievable with the use of the TenX debit card. TenX is simply cryptocurrency in your pocket, TenX enables individuals make everyday purchases.
Initially TenX was identified as OneBit. OneBit developed a Bitcoin wallet app that allows it's users make their purchases in a shop with the MasterCard PayPass network. The OneBit team saw an opportunity in creating an exchange platform to do and their market space and they came up with COMIT network. Before we go into how TenX works, Let's briefly understand the COMIT network.
WHAT IS COMIT NETWORK ABOUT?
COMIT is actually an abbreviation which stands for; C = Cryptographically-secure, O = Off-chain, M = Multi-asset, I = Instant and lastly, T = Transaction network which is where COMIT was derived from. This actually tells us that COMIT is concerned with processing transactions swiftly among assets on the blockchain. COMIT can aid transaction services, in a case where you've got a customer that wants to pay in Litecoin, but you would prefer the payment in Bitcoin. COMIT can assist in such situation. I won't be able to talk about the technicalities of the COMIT network, but if you want to know more, you can check out their white paper.
Therefore, it is important to know that COMIT network platform is a platform that provides a low-fee, and an effortless payment for its users in every part of the world, COMIT network also promises a competent global freedom with no limitation or restriction to businesses and assets linked to the blockchain technology. In other words, COMIT is a "payment platform".
Amazingly, TenX depends on COMIT for its network, that is security, exchange purposes, ETFs(exchange-traded fund) and for loaning services; TenX payment system which includes, Arms, wallet, debit cards, and bank accounts are all inter-related with COMIT network for its network services. I won't be wrong to say that TenX is leveraging on the COMIT network. We shall be talking about how TenX works.
FACTS ABOUT TenX PLATFORM
I am so sure this one will interest you. One major fact about TenX is that, unlike other financial institutions that deduct exchange charge for transactions carried out, TenX provides 0% exchange fees including free spending. However, the payments to be made is for virtual cards; cards acquired online that are physically not given by the individual's credit card provider. In addition, TenX has placed spending limits to ensure that individuals spend reasonably and at the same time have some more in their wallet to spend subsequently.
Another fact is that, for you to freely access TenX platform, you are required to visit your mobile Playstore app from your Android or Apple phone, while from your PC visit TenX.tech. where you are needed to download the TenX wallet. It is available to all users.
I cannot fail to mention one of the most amazing key fact about TenX, which is it's decentralized security, that of course is based on smart contract which makes you the controller of your funds. Your security settings is flexible enough For you to adjust your security setting at any given time, maybe for withdrawal settings, daily limits and many more. For a clearer knowledge, let's assume that as soon as you setup your wallet and your payment agreements, you can easily relate with products and services and purchase them.
CONCLUSION
TenX is a payment platform that is leveraging on COMIT Network. The payment platform gets rid of exchange charges. 0% charge fee on banking and transfers. TenX offers a virtual card to users that will enable users interact with goods and services in the real world.
In the real world you cannot go into a shopping mall and purchase goods and when it's time to pay you then suggest giving them cryptos, I can imagine the way you will be addressed. TenX credits your card with your asset, so products and services can be demanded for. TenX has drawn so much attention in the blockchain community and has been supported by organisations. Stay tuned for more information about this zero fee platform as it gets bigger. For more information visit these links below. It was nice doing this review with you, see you soon. I am @meemee.
TO LEARN MORE ABOUT THIS PROJECT, FOLLOW THESE LINKS;
Project Website:
Products & Services: Wallet Card
Wallet App: Android. iphone.
TenX Team:
TenX Story:
TenX Official Chat:
Facebook:
Medium:
TenX Twitter:
TenX Instagram:
SOURCES:
TenX whitepaper, source 2
shared on social media;
on reddit
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https://www.linkedin.com/pulse/benefit-tenx-debit-card-miracle-ejimofor/?published=t
on google+
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on medium
https://medium.com/@meemee002/did-you-know-that-tenx-issues-you-a-debit-card-that-makes-it-possible-to-spend-cryptos-spendable-2d4ddc755acc