Rank 112
TenX (PAY)
≈0.00001509 BTC (23.23%)
Market CapVol. 24HLow/High 24HCirculating SupplyMax Supply
≈$16,124,547$1,054,292$0.1252/$0.1559104,661,310 PAY205,218,256 PAY
 TenX Charts
 TenX (PAY) Markets
# Name Pair Price Volume(24H) Volume(%) Updated
1 UpbitUpbit PAY /BTC$0.1553$508,297 32.85%30 Mins Ago
2 CEX.COMCEX.COM PAY /BTC$0.1534$427,779 27.66%Recently
3 HuobiHuobi PAY /BTC$0.1457$385,443 24.91%10 Hours Ago
4 Gate-ioGate-io PAY /USDT$0.15$91,085 5.89%4 Mins Ago
5 CEX.COMCEX.COM PAY /ETH$0.1543$64,859 4.20%Recently
6 HuobiHuobi PAY /ETH$0.1452$44,406 2.87%10 Hours Ago
7 Huobi.KRHuobi.KR PAY /BTC$0.1452$10,204 0.66%10 Hours Ago
8 HitBTCHitBTC PAY /BTC$0.157$7,161 0.46%Recently
9 BitBayBitBay PAY /PLN$0.1576$3,457 0.22%23 Mins Ago
10 UpbitUpbit PAY /ETH$0.1525$1,498 0.10%24 Mins Ago
11 Gate-ioGate-io PAY /BTC $0.1529$1,193 0.08%1 Hours Ago
12 LivecoinLivecoin PAY /BTC $0.1498$582 0.04%9 Mins Ago
13 Gate-ioGate-io PAY /ETH $0.1522$384 0.02%6 Mins Ago
14 HitBTCHitBTC PAY /ETH $0.1556$352 0.02%Recently
15 Huobi.KRHuobi.KR PAY /ETH$0.1457$114 0.01%10 Hours Ago
16 BitBayBitBay PAY /BTC$0.1275$96 0.01%3 Hours Ago
17 BitBayBitBay PAY /EUR$0.135$10 0.00%3 Hours Ago
18 BitBayBitBay PAY /USD$0.13$5 0.00%15 Hours Ago
19 LivecoinLivecoin PAY /ETH $0.1008$2 0.00%23 Hours Ago
20 Bit-ZBit-Z PAY /BTC$0.102$0 0.00%4 Hours Ago
* Price Excluded
** Volume Excluded - No Trading Fees
*** Price/Volume Excluded - Outlier Detected
 Analysis for TenX (PAY)
PAY Volume by Currency
PAY - USD Volume by Exchange

What is TenX (PAY)?

 

TenX strives to offer the user access to as large as possible a range of blockchain assets at a maximum degree of convenience while adhering to the highest security standards in the ecosystem. It is able to do this by connecting blockchains, leveraging on the COMIT network, including the COMIT Routing Protocol and the Cross-chain Payment Channels, which works in a completely trustless, instantaneous and low-cost manner.

TenX itself is a payment system, but it also maintains an associated token under the symbol PAY. Where does this token fit in?

With a traditional credit card transaction, merchants pay a fee when they accept payment. That fee ranges somewhere between 0.5% and 3%. This fee is split between the merchant’s bank, the credit card processing system, and the card’s issuing bank.

With traditional credit cards, this fee goes to the card issuer. However, some portion is often returned to the user as an incentive for using the card. That’s where those credit card rewards programs come from.

Instead of a rewards program, TenX distributes PAY tokens in the amount of 0.1% of purchases. Additionally, a reserve of 0.5% of the payment volume on the network is periodically distributed to holders of PAY tokens in proportion to their holdings. TenX plans to distribute this incentive monthly at first, with hopes of increasing distribution frequency in the future.

The Token Sale

On June 24th, 2017 starting at 9 PM Singapore Time, 51% of PAY tokens in existence were released in an Initial Token Sale. Of the remaining tokens, 29% were retained by TenX to fund development. The remaining 20% went to TenX’s founders, employees, and early investors. No new PAY tokens will be created.

Useful Links:

Official Website: https://www.tenx.tech/

White Paper: https://www.tenx.tech/whitepaper/tenx_whitepaper_final.pdf

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