TenX Review


TenX was founded in June of 2015. The next year, it received an investment from PayPal . On the 24th of June, 2017, TenX had one of the biggest initial token sales to date, having sold around 100 million PAY tokens to accumulate almost $80 million in crypto.

The vision of TenX to establish an accessible, one-stop platform for seamless interaction between the blockchain ecosystem and real-world payment platforms and to make blockchain assets spendable anytime, anywhere.

The TenX platform exists to make payments in crypto easier. The platform has a wallet and a card, supporting cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Using TenX is pretty simple—just top up the wallet and use the crypto for making payments. The huge advantage crypto has over fiat currencies is being global—you pay with the same Bitcoin across the world without the need to use local currency.


There are more than 70 TenX team members. A significant number for blockchain space, with only a few teams being bigger (Cardano’s, for example).

An important part in TenX growth belongs to its founders:

Toby Hoenisch—CEO.

Paul Kittiwongsunthorn—CDO.

Michael Sperk—Engineering Lead.

TenX had one more co-founder—Julian Hosp, who left TenX in January 2019.

TenX team is well-balanced, with multiple people in various fields: Engineering, Compliance and Legal, Marketing & Communications, Customer support, R&D, Finance, and others. The main base for the team is Singapore, famed for being one of the most crypto-friendly places in the world.


TenX maintains a good presence across main social channels, such as Reddit, Twitter (138k followers), and Facebook.

Occasionally, TenX prepares press releases to give a more detailed update on certain aspects of the ecosystem growth. The most recent one was dedicated to an interesting trend – the popularity of TenX cards among boomers in Australia and New Zealand.

An interesting fact: TenX has a partnership with Litecoin Foundation related to the introduction of co-branded cards.


There are two working TenX products, available for customers—TenX wallet and TenX card. They are interconnected.

The wallet is available on App Store and Google Play. It is an easy-to-use app allowing to make payment. In order to give additional security to customers, it supports two-factor authentification and fingerprint lock. The wallet supports Bitcoin, Ethereum and Litecoin. Adding new cryptocurrencies, including PAY token, is on the list.

TenX Card is a multi-blockchain debit card tied to a mobile wallet. This card is, basically, a familiar to everyone plastic card. What makes it stand out is making it possible for users to spend their crypto-assets anywhere in the world, without incurring forex or transaction fees. The card is designed as a good solution for travelers, as it is possible to pay with Bitcoin—a universal payment method, same in all countries in the world. In other words, TenX created a good alternative to fiat travel cards. TenX Card can be used in almost 200 countries at over 42 million points, that accepts VISA.

TenX card and wallet are supported in Australia, Hong Kong, Malaysia, New Zealand, and Singapore. In some other countries, the only the wallet is supported. Expanding the support of the card to other countries is a priority. The first destination is the Asia-Pacific region.

TenX Review: TenX Wallet & TenX Card

TenX wallet and card (from TenX media kit)

Now, the TenX ecosystem has the PAY token. And the team plans to issue another token – TENX token. This ERC-20 token will serve for rewards in the TenX ecosystem.  The token is scheduled for Q2 2019. The new token will be distributed without ICO or pre-sale.  The TENX Token claiming process started on 25 March 2019 and will continue to 26 July 2019. Holding PAY was on the time of snapshot (30th December 2018) one of the conditions to be eligible for claiming TENX tokens. The PAY token will still be part of the ecosystem, together with the new token. Potentially, it can be utilized for paying fees and rewarding TENX holders.

Apart from that, TenX is building the COMIT (Cryptographically-secure Off-chain Multi-asset Instant Transaction) protocol and network. COMIT might become a great solution to make cryptocurrency easier to use. Some of the features it offers cheap and instant payments, interoperability, global access to blockchain-connected assets. Now, COMIT is on the R&D stage.


TenX is a solid infrastructure project for the whole blockchain industry. The main products (especially the crypto card) are already an achievement. The functions of PAY token in the TenX ecosystem has been proposed, yet only the time will tell how much use cases the token will get.  After all, TenX will issue the new TenX token in Q2 2019. And, undoubtedly, the main question for the ecosystem is legal compliance and global expansion it will allow. In recent AMA, team announced the progress towards issuing cards in Europe. The TenX has a greate potential to become a bridge connecting traditional payment methods with the innovative technology, getting the greater blockchain adoption worldwide.

So far, it’s hard to give a score to TenX, as the new token hasn’t been issued yet.