TenX (PAY) Alters Structure with New Reward Token

TenX (PAY) is switching its token structure and distancing itself from the payment card model with a new digital asset, TenX. The new structure will retain PAY as a utility token, and TenX will be a reward asset, the project team explained in a blog post.

The announcement arrives a day after former payment provider WaveCrest got slapped with a fine of 250,000 pounds from the Gibraltar Financial Services Commission (GFSC). Since the business of WaveCrest was frozen in February, TenX has failed to find a new payment processor and a connection t…

This article appeared first on Cryptovest

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