30 Fastest Growing Companies in Asia 2019 30 Fastest Growing Companies in Asia 2019 | Page 65

and most rapidly funded initial
token sales to date, having sold
around 100 million PAY tokens and
received 80 million USD worth of
cryptocurrencies in 7 minutes. TenX
is one of the few companies which
have conducted a token sale while
having a working product and an
existing global user base. TenX has
set the standard for a well-executed
token sale. During the token sale,
we accepted one of the most diverse
ranges of coins and tokens any
company has ever accepted, with
Bitcoin, Ether, Litecoin, Dash and 18
different ERC20s.
Programmable Money:
Their vision for the future is
‘Programmable Money’, money
by the people and for the people.
They want to move the world from
the old banking systems towards
Programmable Money by providing
global banking services built on the
crypto platform. The TenX users will
be able to access the technologically
advanced financial services that are
not widely available today.
Major Products:
Their two main products are
the TenX Card and the TenX
Wallet that can be used to spend
cryptocurrency anytime and
anywhere. Their range of products
allows them to bring the fiat and
crypto together with the option
to choose from different payment
methods. Over forty two million
points have been established
both online and offline in almost
two hundred countries. One of
the major advantages of the TenX
Wallet and TenX Card is that the
users can enjoy access to several
cryptocurrencies across different
blockchains. Bitcoin, Ethereum and
Litecoin can be spent and sent using
them.
Security Concerns for
Users:
With regards to the security
concerns for the users, like any
other banking facility, they strive
to offer the most advanced security
benefits. Their security platform is 6
pronged.
• 2-Factor Authentication:
2FA is enforced for all TenX
users to keep accounts secure
and protected.
• Multi-signature wallet
management: Multisig cold
storage for treasury and long
term custody of user funds.
• Treasury control: The
private key to each TenX Wallet
is secured via an industry
standard hot and cold storage
solution. Once the COMIT
network is live, it will directly
link the TenX Wallet, allowing
users to store their own private
keys.
• User account
notifications: Email
notifications will send alerts of
any account usage.
• Personal Data
Protection: All personal
data is encrypted and stored
securely.
• Biometrics: Fingerprint
unlock feature available on
supported mobile devices.
In addition to the security features,
TenX has a very helpful customer
service that is available to help their
users in case of any problems or
grievances. TenX works hard to keep
their customers happy and satisfied
in terms of the products offered and
services available.
SR