To start this section about Investing, I think that the best I could do is to talk about the project I’m more excited of right now. And this project is TenX.
When I’m analyzing a project to see if it is worth to invest on it, I always try to answer myself 3 questions:
- Is the project solving a real problem and doing it in a realistic way?
- Is the team and community around the project prepared and mature enough?
- Would I use it or would see somebody of my close circle using it in the future?
TenX is currently the project that fits better in the answer to those questions. It’s a Singapore based company born in 2017 from the Paypal incubator’s program. They closed on July its ICO (Initial Coin Offering) presale. They raised 34 million dollars in just 7 minutes.
The problem they are trying to solve is a question that every cryptocurrency owner has made once they started. So, now that I achieved to buy my cryptocurrencies, how do I spend them in my day to day?
TenX offers a multi-asset wallet, linked to a physical or on-phone debit card. They are developing a platform so you can use this wallet with any vendor which accepts Mastercard or Visa. The crypto assets are only converted when the user wants to buy something: they select the crypto they want to convert to fiat and then pay using the card. Simple, but there are fees: 0.5% of the transaction value is paid to PAY token holders (in the form of ETH) and users receive a 0.1% cashback in PAY.
They have an app for Android and soon an iOS and Web version of the wallet that is used to ordering the card, enable the transactions and choosing the crypto to be used. In the next video, they are showing how to buy a coffee with Ether using their technology:
I was really interested on this project during the presale but I couldn’t participate on it because of the network congestion that Ethereum suffered, produced by the high interest. But once they got for sale in exchanges I invested in their PAY token without doubting it. Their Slack community and Facebook page are the most updated and well informed of the current status of the project and the team is working really hard for making this happened. I’m actually waiting for my card to arrive and I’m everyday checking the mailbox with excitement. For sure I am Hodling PAY tokens and I will keep it that way for a very long time.
IMPORTANT: Never invest money you can’t afford to lose. Always do your own research and due diligence before placing a trade.
If you want to keep up with our latest news please:
♥ BTC: 14a9FrErT8j3Pp6iJSurXsrNkSqrirV7qe
♥ ETH: 0x5f982128fe96560544feef7edfbf503ab17a134f
♥ LTC: LQPkLe6xYhBxU4knEYP7rACUfj3aevfPtU