TenX Bitcoin Payments Provider Airdrops New PAY Token Cryptocurrency After Delayed Promises
TenX Airdrops New Virtual Currency After Delayed Promises
The crypto wallet provider TenX announced that it will be airdropping a new ERC-20 coin called TenX Token. The new digital asset will be given to those who hold the PAY token during the first quarter of 2019.
The new token released by the company will also incorporate some elements from the ERC-1462 standard for security tokens that are compliant with local securities regulations. The information was released on December 11 in a blog post.
Users that want to receive these new tokens will have to control their private key of the public address. That means that users that hold their funds in exchange platforms will not be taken into consideration during the issuance.
It is important to mark that individuals in the United States, China and other sanctioned countries will not be eligible.
TenX will also require PAY token holders to follow a strict KYC process if they want to participate in this new airdrop.
During the last few months, TenX received very negative comments related to the roadmap that it has. The debit card that the company was developing has been delayed for around 11 months since Wavecrest did not receive more support from Visa.
Julian Hsp, the president of the project, has also been allegedly involved in a fraudulent project known as Lyoness.
Surprisingly, the market has reacted very positively to the latest news about the airdrop. The price of the PAY virtual currency has registered a price increase of 43% in the last few days. During the last 24 hours, PAY grew 31%. Its market capitalization is currently $37 million and each coin can be purchased for $0.339.