that's correct.
remember, the target demographic of TenX cards isn't people already used to Visa/Mastercard, but the ones without access to a bank.
SG has regulations against such crowdsales, but I'm sure most will either buy through exchanges or utilize VPNs.
there's a 20% bonus for first 24 hours, so it's 420 PAY per ETH.
You can thank UASF for the August uncertainties. the token value will ultimately based on 200,000 ETH raised in the short term.
that's correct, when the platform matures, and if crypto goes into massive correction, price of PAY would be the one dropping the least if not staying still, cause it means more ETH being bought every hour to be distributed.
You see, I'm an OG holder, I bought my first ETH at $4.50, that's 83x profit today. it's good financial decision to take profit as the price inches higher and higher, so I do it in the form of property purchases, portfolio adjustment, and crypto spending.
for newcomers who bought at $300~380 price, of course they shouldn't spend their ETH just yet. they could help contribute to the total transaction volume and earn PAY token by purchasing some gold tokens (DGX) using fiat and spend it on essentials, gold only moved 0.30% this past month, that's a good hedge against the depreciating fiat of some countries like Venezuela. The utility of such card is there.
yeah, the gold token would save failing currencies and preserve their spending power, I really really hope their code audit gets done soon.
Quite interested to buy some but paying dividend hourly seems too good to be true..