The U.S. SEC Chairman gave TenX a pebble of hope stating BitCoin is NOT a Security but they didn't say what it is.
They didn't say it's a currency or really anything else.
However...
Germany has labeled BitCoin an "Alternative Currency" so why doesn't TenX concentrate on that Markets like that?
Why hold back your product because one market is still figuring things out.
Your argument doesn't work, if you look at previous Tenx video, Julian has stated that Tenx is not security according to their lawyer and they needed extra time to finalize their finding, this was last year. Just use your common sense, why would Tenx never implement the token rewards? It is b/c it is security.
My post states the SEC deemed that BITCOIN is not a security and never mentions TenX's PAY token.
ALL coins and tokens with an ICO past will be labeled a Security including PAY, Ethereum, etc.
But the POINT of my post is that America is still figuring all this out and TenX is just waiting for the rules to be finalized.
The problem is this could be a long wait. Other Markets like Germany might work RIGHT NOW.
SEC is scared of what might happen if SEC label ETH as security according to news article I read few weeks ago. People are going to sue the shit out of SEC if they classify ETH as security. Let's forget that, for a moment here, let's talk about Tenx. Tenx lured people by saying that they could make passive income by becoming token holder. Most people bought this coin for this reason.
I really don't understand their thinking. If you knew that there is 50/50 chance of Gov't labeling token rewards as a security, why would you even take chances on it in the first place? It makes no sense. Look the mess we are in. They should never use token rewards matrix but instead used something else.