This article was first published on Official TenX Blog - Medium
Dear community, it’s been a long time coming but the day is finally here. This update gives you an overview of our new rewards token, dives into specific questions you may have, and addresses what it means for you as a token holder.
We are issuing a new ERC-20 rewards token called the TenX token to eligible members of the TenX community. Further details on the eligibility requirements are set out below.
New TenX token
What is the TenX token?
The TenX token is a ERC-20 rewards token on Ethereum with features of ERC-1462. Depending on factors such as TenX Pte Ltd’s earnings, financial position, cash flow, capital needs and general business condition, rewards on the TenX token may be paid in the form of a tradeable cryptocurrency (i.e. PAY). An announcement of the amount of rewards to be paid and when such rewards will be paid will be made every quarter.
What are the key deadlines to receive TenX tokens?
- A snapshot of all PAY token holders on the Ethereum blockchain will be taken on the 30th of December 2018 at 10:00 pm SGT (GMT+8), with the first Ethereum block that gets mined during that minute.
- Claiming, KYC approval and issuance will occur in Q1 2019 with exact dates to be confirmed.
- We intend to declare rewards in Q2 2019.
You need to control your private key of the public address, so Exchange addresses or Wallets, where you do not control the private key, will NOT be taken into consideration during the issuance. People in the USA, China and sanctioned countries are NOT eligible (details below).
What time is this in my time zone?
10pm GMT+8 means it is 3pm in Germany or 9am in New York. If you are unsure, use this calculator: https://www....
To keep reading, please go to the original article at:
Official TenX Blog - Medium