What I really have not gotten yet is what the token PAY is about. As far as I undertstood, I can send cryptos and they are converted into money which I can spend or withdraw with TenX card powered by Visa, right? So what is the token PAY for?
This is exactly my analysis of the token... from the start except that upon the start there still was a promise of 0.5% dividend stream attached to the token. That is gone now due to securities law issues vs exchange listings. That means that - formally - the TenX token does not represent anything right now except for dreams. But the TenX team probably will find a way in the future to give the TenX token a role in their ecosystem. But at this stage I do not consider the token fit for investment myself.
Wrong. Tenx cant legally say you will get a divident every month because that will be seen as a security. That they say for legal reasons is they will gift users everymonth a gift equal to what people expected with the divident. Secondly the token has more use than this. Tenx are going to be using the comit network and all transactions on the comit network will also boost tenx token price never mind on top of the value is the more transactioms on the tenx card the higher the marketcap will be and value of token.