**TenX allows you to use a debit card to spend crypto currencies on everyday things. Why you have more money to spare at the end of the month and the advantages and disadvantages I showed in [my article yesterday](https://steemit.com/cryptocurrency/@chkoenig/spending-crypto-currencies-with-credit-card-is-worthwhile-usd4281-year-with-low-risk-incl-calculation).** ![tenx_steemit.jpg](https://steemitimages.com/DQmcw2Rb5wUaK1JzkEHhX6Wzi6ia5FJA3CrZ2TW7goCUZ7X/tenx_steemit.jpg) [Source](https://www.tenx.tech/) + Emoji *Undervalued cryptocurrency last week: [Neon exchange (NEX)](https://steemit.com/cryptocurrency/@chkoenig/undervalued-cryptocurrency-this-week-nex-decentralized-exchange)* *German? Here's the same [article in German](https://steemit.com/cryptocurrency/@chkoenig/unterbewertete-kryptowaehurungen-diese-woche-tenx-pay).* ## TenX explained in 30 seconds **TenX enables to spend Bitcoin & Co. with a debit card.** You download the app to your smartphone. This includes a wallet on which you can send different cryptocurrencies like BTC, Ethereum, Dash and other ERC20 tokens. You can then use this app to order your debit card for a one-time $15. Once this has arrived, it can be used in combination with the app to spend the cryptocurrencies on the wallet like with a normal debit card. Here is an example video: https://www.youtube.com/watch?v=bdyC_QEqN1U ## Why TenX is undervalued ### 1. It will soon be the only provider with working cards The card provider WireCard recently lost its license. ALL debit cards from TenX, but also from their competitors like Monaco, are therefore useless. This was about a month ago. However, this is where the great work of TenX comes into play, as they have already had talks and contracts with a new partner for almost a year, whose cards are due to be delivered in the first quarter of 2018 ([source](https://www.youtube.com/watch?v=AuLQWa1PIGY)). This makes TenX the only company with functional cards, which gives them a massive advantage and could also have a positive effect on the price. ## 2. Good marketing, growing team and functioning product Dr. Julian Hosp, the co-founder of TenX is doing a great marketing campaign. He travels a lot and is active on Twitter and YouTube. This gives a certain amount of confidence to an investor. I'm not saying that a project is only dependent on good marketing, on the contrary the product is much more important, but marketing is still an essential area. The most important thing is that they had a functioning product that was used by 100,000 customers. This makes me confident that they will be able to further expand these figures with the new cards and the steadily growing team, currently around 50 employees. ## 3. COMIT Network ![COMIT Network](http://www.comit.network/img/comit_network.png) [Source](http://www.comit.network/img/comit_network.png) TenX is working on an open source project called [COMIT](http://www.comit.network/) (Cryptographically-secure Off-chain Multi-asset Instant Transaction network). You can imagine it like the *Lightning Network* or the *Raiden Network* only cross-chain, i. e. between different blockchains. The goal is to exchange e. g. Bitcoin for Ethereum without an Exchange. This COMIT network will soon enter the alpha phase and become the backbone of TenX, as it will replace the currently centralized part. --> [Webinar](https://www.youtube.com/watch?v=w8e2ke8U5eE) with more info. You can imagine it a bit like the internet, which connects different intranets, just with blockchains. So it's sort of a blocknet. ## 4. Multiple cryptocurrencies TenX is currently the only provider offering multiple cryptocurrencies for payment. Currently, it is Bitcoin and Ethereum. DASH and ERC 20 tokens are in the beta phase and should be available soon. The goal is to support many more coins. This is much more user-friendly, since a user does not need a debit card for each currency, but can use TenX as an "all-in-one" provider. ## 5. Banking license According to their [roadmap](https://www.tenx.tech/roadmap.html), the aim is to obtain a separate banking license in the third quarter of 2019. This means that such a debacle with WireCard can no longer occur, as TenX is then able to issue its own cards and is no longer dependent on a third-party provider. ## 6. PAY Token ![Road map tenx Source https://medium.com/@christoph.k.mueller/tenx-what-i-like-what-i-dont-like-and-why-i-am-still-investing-and-why-an-ico-is-not-an-ipo-aef70db71cc5](https://cdn-images-1.medium.com/max/1600/0*HTixYUo3zsvapSTP.png) [Source](https://medium.com/@christoph.k.mueller/tenx-what-i-like-what-i-dont-like-and-why-i-am-still-investing-and-why-an-ico-is-not-an-ipo-aef70db71cc5) In the original [whitepaper](https://www.tenx.tech/whitepaper/tenx_whitepaper_final.pdf) it is mentioned that you get a yield of 0.5% of the money paid by the TenX card. This means that if the planned transaction volume of $ 100 billion (cf. VISA is around $ 6.3 trillion) by 2020 should be kept, 0.5% of this should be distributed among all tokens: $100.000.000.000 * 0,5% = $500.000.000 These 500 million are now distributed among all the PAY tokens in circulation. This is currently about 100 million PAY, but a maximum of 205,218,256 $500.000.000 / 100.000.000 PAY = 5$/PAY So you would receive about $5 per PAY token "interest" per year. Great?! Yes, BUT at the moment this return **cannot be promised** ([source](https://www.youtube.com/watch?v=k11weGZlk18) *12:43+*). As soon as tokens pay out a yield, they are "security tokens" and these are subject to completely different legal requirements, especially in the USA. This means that it could happen that the PAY token does not pay a return, but is used for other purposes, because the token needs one purpose, otherwise it is useless and worthless. However, this is not yet clear. ## Why is TenX still so cheap with so much good news to come? ![forking-road-839830_640.jpg](https://steemitimages.com/DQmP3wbeRGbU4STUxzdqVYdkwAroXeLz55vSLYvaQqi9zxo/forking-road-839830_640.jpg) [Source](https://pixabay.com/en/forking-road-split-road-travel-839830/) ### Uncertainty, uncertainty and uncertainty * A new card provider (1.) is mentioned on the site, but no name is given. This is because they have signed a non-disclosure agreement, but many investors are sceptical and do not believe that this is really the case. So when are the new cards coming? * How long will it take to get the COMIT Network (3.) up and running? * How long does it take to integrate (4.) new coins and which ones will be integrated? * Do you get a reward holding the PAY tokens (6.) or do you get other advantages with the token? Will they even need it? **There are many question marks around. But that's exactly the kind of situation and coin we're looking for. Not such coins that are just widely hyped in the media, on Reddit, Twitter and Co. and everyone FOMOs in. We are looking for coins that offer value in the long term and which, in my opinion, are still available at a reasonable price.** Let's just assume that the PAY tokens will give you rewards and they would also reach the transaction volume of the 100 billion dollars mentioned above. Then you would get a return of 5$ per year as calculated. Currently, a PAY token costs under $2. Get it? So, if it becomes known that the Token Reward will still be paid out, the COMIT Network is up and running or new cards will be available before the competition have any, it will most likely have a very positive effect on the price. At this point in time you already want to hold coins, so I see a great entry point at the moment. But to do this, however, you have to keep an eye on the risks - as always - especially with so many uncertainties. What happens if TenX is not the first provider with a working debit card or if the rewards are not distributed? Personally, I am very optimistic and trust the team from TenX a lot and I am also confident that they want the best for their customers. But that's my opinion and you should only invest in coins you trust, otherwise it doesn't make any sense. So get your own picture of the company. #### Are you already holding PAY? What are your opinions? *Disclaimer: This is not financial advice. Do your own research before you invest.* --- ![steem-bio-chkoenig.png](https://steemitimages.com/DQmbFkwoAeEfxjTY2HTm1cL5ayqEnPjYU4geg4miTn6nvBu/steem-bio-chkoenig.png) ![undrlvlcrypto.png](https://steemitimages.com/DQmYQoaqhG7UCef4B1sYqSr3ASUY7u3HXjQoXnNHxJ4ctQh/undrlvlcrypto.png) ![upcmevents.png](https://steemitimages.com/DQmaJi3YtA3EMKG3niz6aQETxYt49Mw3DWwnqjtF9ckFsqc/upcmevents.png)

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