Since my first post about TenX its gone from 0.65c to $2.57 today.... but here's why it will continue to go up and up....
If you buy TenX tokens (symbol: PAY) and store them on www.MyEtherWallet.com then you will reap the monthly dividend payment of 0.5% of all transactions made card payments.
I mentioned how this fee structure works with the TenX card in more detail in my last post which you can read here >>>
https://steemit.com/cryptocurrency/@wealthyme/one-coin-that-im-investing-hard-in
But just to recap;
How a normal Visa or Mastercard credit card works is... say you make a £100 purchase in a store. You get billed £100 at that moment... however the store holder will only get around £97 of that £100 you paid because there are merchant fees involved behind the scenes usually around 3% this will go to the merchant bank, payment gateway, card issuer etc.
But TenX have arranged this fee structure in a different way... the user of the TenX card gets 1% back of the total purchase in tokens so that's another incentive for the card holder to use the card along with zero conversion fees.
Next whoever buys and holds TenX (Pay) tokens in www.myetherwallet.com they will also get rewards of 0.5% of all transactions split between the token holders so in other words a dividend payment.
And a percentage will also go into smart contract in order in to build the business further.
So whats happening and will continue to happen is more and more people are buying and storing their tokens on myetherwallet.com to get that monthly reward and because its such a good incentive to HODL thats why no one will want to sell their tokens and the supply will continue to get chocked up driving prices higher and higher.
The other thing really good about TenX is their communityand youtube channel with continuous updates as to whats going on in driving this project forward you can check the youtube channel here>>>
https://www.youtube.com/channel/UCrh49JX-9UQJbee6e4EGhog
This is one of those tokens where people will look back and say "I cant believe this was at $2 once" if you're not on the TenX spaceshuttle yet hop on and store your tokens on www.myetherwallet.com and just forget about it.... if you're not sure how my ether wallet works check out this great youtube video tutorial here >>>
