Heres why I like TenX for the long term:
- they have a working product
- their communication is great. Twice a week updates which really help those of us who have money in the project.
- So far they have hit all of their milestones, except for the change in card provider has made the wait longer for those of us outside of the Europe. This hiccup was really well signalled in their comms with excellent transparency.
- the card reward is on ALL OF THE TRANSACTIONS that all cardholders make, not just my own spend. The other cards only reward me for my own spending, and I dont spend much (since every dollar spent is another dollar not gaining value in BTC)
- they are sensibly releasing the number of cards slowly to ensure that they can cope with the transaction volume and ensure a great user expirence.
The risks to TenX that I see are:
- the card product is really easy to replicate. Their first mover advantage wont last far into 2018. It would be great if they could scale up quicker.
- like any start up there is the risk of not carrying off the master plan
- if they are very successful they might be bought by a large payment processor who doesnt invest in the PAY token platform (since this is a cost that brings little long term advantage for the long term).