Hey Steemians!
If you got some TenX PAY Token - Congratz to you.
But: Dont Panic Buy some Chinese IOU´s for high price. You can still make some good money with PAY, and here is why/how:
According to the Chinese Exchange HitBTC the PAY Token is trading as an IOU (derivative for debt obligation) witz 80x of the Initial Token Sale price of 1/350 ETH/PAY.
Does that make you a Millionaire?
Unfortunaltely if you didnt buy for at least 600 ETH for 160.000ish Dollars you are propably not.
A price of 66$ at the exchanges would lead to 84.000.000266=11 Billion Dollars Market Cap. At this point of time this is not realistic my friends. If it comes at good Momentum (SegWit2x) and trading on Kraken you get a 10x. Otherwise im sure you get at least a 5x. <-- Also GREAT! :)
According to the founder it will be trading at 2 to 3 dollars which is a 3 to 4x. See picture down below for reference:
I think is is still quite pessimistic. The TenX Company is highly motivated skilled and good in every relevant part such as:
Marketing
Programming
Developing
etc.
If you are able to get PAY token at the exchange fast and below 2$ I will buy a s**tload of more PAY Token besides the ones i got from the Initial Token Sale. And i WILL HODL until the company matures! Maybe even longer. - Remember, for holding PAY you get 0,5% of the revenue made through the PAY card. I will post a calculation for the yearly interest during the next days. :)
For more news and updates on TenX you can follow their Youtube Channel. I´ve attached a video where Dr. Julian Hosp is talking about the Prices at Chinese Exchanges, the business model and the Exchanges listings.
Good luck friends,
Lets make some purchasing power!