TenX was created by a team of Toby Hoenisch (Co-Founder and CEO), Michael Sperk (Co-Founder and CTO), Paul Kitti (Co-Founder and COO) and Julian Hosp (Co-Founder and CVO).
The company has received investments from Fenbushi Capital and ICH.In 2011. Toby Hoenisch , the founder of TenX studied cryptography while studying at the university, but he did not believe in success of cryptocurrencies In 2012 Toby got acquainted with a representative of the bitcoin-community from Osaka. In 2015.
Hoenisch and Michael Sperk participated in the MasterCard hackathon. Subsequently they established their first OneBit start-up: the debit cards, using which its easy to pay with Bitcoin. In 2016-2017 On the basis of OneBit, Hoenisch created the TenX project, which successfully underwent training in the PayPal Fintech-startups incubator (Singapore) and received legal support from the organization.TenX has headquarters in Singapore and in London.
network of Liquidity Providers:
TenX transactions also make use of a network of Liquidity Providers (LP), to determine which LP has the best exchange rate. LPs operate across blockchains to provide liquidity for the exchange of different cryptocurrencies.
Decentralized Security Smart contract:
TenX platform is DSS (Decentralized Security Smart contract (DSS). DSS gives a user more control and security over their funds by allowing them to adjust their security settings for daily limits, portfolio spending, withdrawal settings
off-chain transaction protocol:
COMIT is an off-chain transaction protocol whereby every blockchain can be connected. The aim of the COMIT network is to facilitate the connection of any new or existing blockchains by using the COMIT Routing Protocol (CRP).
digital wallet and physical bank card:
TenX is a cryptocurrency payment platform that consists of a digital wallet and physical bank card. A bank card allows the holder to spend cryptocurrency in physical stores in exchange for various goods and services
Future of TENX in the World.
Cryptocurrency is one of the hottest topics these days, TenX is a very interesting project. TenX is able to receive great industry support including the Paypal program in Singapore, DBS Block chain Hackathon and Citi Mobile Challenge. TenX is now a member of the Enterprise Ethereum Alliance (EEA).The cryptocurrency market has a total market cap. of around USD 150b, as the block chain technology and the cryptocurrency market continues to grow, it is expected that more people demand to spend their cryptocurrency for different reasons. So the future of TenX looks bright.
