The Silicon Review - Best Business Review Magazine 10 Best Startups of the Year 2019 Asia | Page 34

Connecting Anyone and Anything
to Decentralised Services: TenX
“Stay in crypto - Spend your crypto - Benefit from crypto.”
T
enX believes in connecting
anyone and anything to
decentralised services.
Its mission is to bring the entire
financial system right to your
fingertips. TenX is a Singapore-
based blockchain company that
makes cryptocurrencies instantly
spendable anytime anywhere.
It gives people an opportunity
to conveniently use their digital
assets in everyday life.
TenX was founded in June of 2015.
Back then, the company was called
OneBit, as it was still focusing only
on Bitcoin. The four co-founders
Toby Hoenisch, Julian Hosp, Paul
Kittiwongsunthorn, and Michael
Sperk believe that the blockchain
and cryptocurrency are the future
of payments. They founded the
company with a vision to have
assets on the blockchain, available
not only to industry insiders but to
anyone in the world.
The TenX payment system
includes TenX mobile wallet that
can be funded with different
cryptocurrencies (available on
iOS and Android) and TenX debit/
prepaid card, which can be used
in almost 200 countries at over
42 million points of acceptance
online and offline upon its launch.
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It offers users access to several
cryptocurrencies making it
JANUARY 2019
convenient and secure. Creating
an outstanding experience from
product to the customer is at the
very core of what we do.
Success over the Years
Incubated by Paypal in
2016
TenX received its first outside
investment in 2016, which was
also the time when PayPal started
to incubate the company for
further growth. The company
rebranded to TenX—a name
inspired by not wanting to grow
“one-bit” at a time anymore, but
rather by “10x”—meaning ten
times as much, covering the whole
range of crypto space.
ICO in 2017
On the 24th of June, 2017, TenX
completed one of the biggest 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 has 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.
Why go for TenX?
TenX has a vision that is of
decentralisation beyond crypto-
spending. It thinks bigger than a
cryptocurrency payment company.
It wants to be the fabric for the
decentralised world. It also aims
to connect anyone and anything to
decentralised services.
“We’re more
than just
a digital
currency card.
Our mission
is to bring the
entire financial
system right
to your
fingertips.”