Re: [ANN] TenX [ICO] end of June: making Blockchain assets spendable

Honestly I would prefer to see buybacks because there will be a ton of money spent on tx fees for sending dividends to thousands of token holders. That is just wasted money that could be used for buybacks and the increase of value of the token...

I just read the whitepaper, but I don't really understand it.

I hope someone is willing to explain me. How can I benefit from holding PAY tokens?

0.5% of the annual transaction volume are paid out to the token holders. 204 million tokens are around.
Forumal for calculation of annual reward

(((full transaction volume)*0.005)/205,218,256) = annual reward per token

Are those fees paid out as a dividend or paid out in the form of a buy back? Because as far as I understand there are many legal issues involved with a dividend but a buy back is easier.

dividend. They are in Singapur, if they are using the dividend model is because they investigated on the matter. You don't have to worry, let the TENX team deal with the adversities.