The TenX token has no real value and no immediate use case in its project.
The fact that the token pays benefits is irrelevant as the main risk involved is price fluctuation. It seems like the TenX team strapped this on at the end to entice investors.
Buying the TenX token does not give you a legal share or stake in the company. They are attempting to raise huge funds without having to give up any legal equity.
The maths.
Crowd Sale 200,000 eth = $68,400,000
Total Market Cap Available = $136,800,000Money back if total annual spending volume through TenX
wallet is $1.2 billion.
0.5% = 6m all tokens
0.25 = 3m pa crowd sale3m / 200,000 = $15
Get $15 annually per ETH
Cash back per year = %4.4
- Conclusion
The very low maximum return of 4.4% does not outweigh the risk involved in an early ICO like this.
ICO rating 33/100. (High Risk)
Good article
Interesting thoughts
let's see how it goes today. in my opinion it is not too bad, i will put something in it.