I've been enthusiastic about TenX before, they were one of the first to offer real world applicability to a range of cryptocurrencies by introducing their Debit card. Good stuff, if it would work. Which it doesn't.
Julian is a nice guy, able to explain things in simple words for everybody to understand and he is a motivator. But that is obviously not good enough if the underlaying company struggles.
I've watched the latest TenX podcast and that was the final nail in the TenX coffin for me. The two chaps presenting from their serviced office in the CBD were everything but enthusiastic. That came together with some not so good news, particularly before the Xmas period.
The company can not deliver, they are supposedly sending out 500 debit cards a day to Europe only, it's not available in the rest of the world, not even in their tiny home country Singapore.
There is a huge backlog of card orders of up to 3 months. People are waiting and waiting and waiting, and TenX themselves don't even know if and when they can deliver. TenX is a reseller of a company called WaveCrest that controls everything and they have no control over it whatsoever.
There is a strict registration and verification scheme in place that severely limits the maximum lifetime (!) spending of the TenX card to now 2500$ which will be reduced to only 250$ in December just before the Christmas business. Besides Santa Claus being pissed off, that is simply unacceptable for a debit card, we are not talking about credit here.
Again, TenX have no control over this, they are simply a reseller that take a share out from the debit card fees charged.
And last but lot least, the PAY token is in no way related to any business activities of TenX, it's considered a loyalty token, like miles from airlines or hotels. I don't find that really attractive for investment and growth of value particularly.
So, after considering these issues I've sold my PAY coins today at Bittrex.
Good luck to TenX, hope you guys can turn this around!