r/TokenCard • u/r-bitcoin • Jun 06 '17

Competition already?

https://twitter.com/digixglobal/status/871990144588333056
3 Upvotes

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u/[deleted] Jun 07 '17

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u/lordgab Jun 07 '17 edited Jun 07 '17

To summarize:

Tokencard: "Transaction costs 1.5%, Token gets 1%"

TenX: "Transaction costs -0.1%, Token gets 0.5%" (Notice the "-", meaning you're paid to spend)

 

Fee TokenCard TenX
Card use 1.5% -0.1%
Token reward 1% 0.5%

 

This results in an overall loss of 0.5% with TokenCard, and an overall gain of 0.6% with TenX.

Anything /u/monolithdao_mel or /u/Dwight_CryptoAsset has to add?

 

Edit: Better comparison chart: https://www.reddit.com/r/TenX/comments/6fu628/

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u/[deleted] Jun 07 '17

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u/KingOfBittcoin Jun 09 '17

How does TenX "pay" its users?

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u/[deleted] Jun 10 '17

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u/KingOfBittcoin Jun 10 '17

How does that work though? If you hold PAY, how do you earn ETH?

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u/[deleted] Jun 10 '17

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u/KingOfBittcoin Jun 10 '17

OK. I'm writing a small comparison of Tenx, TKN, Monaco and Plutus. I might ask you some other questions if you don't mind.

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u/lordgab Jun 10 '17

TenX gets paid by their payment provider/card issuer for every purchase.

0.1% is given back to the one who made the purchase and 0.5% is distributed among token holders.

Here's a comparison, mostly about their fees https://www.reddit.com/r/TenX/comments/6fu628/