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TenX Goes Bullish After Hosp’s Departure. Cards Are Now Available

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TenX had a tricky New Year’s get started. The fall within the costs of its PAY token, a sequence of scandals and screw ups within the guarantees they made to traders strongly deteriorated the popularity of the undertaking.

The impossibility of turning in a bank card suitable with cryptocurrencies brought on a powerful wave of damaging feedback on social media and information websites. After the lack of WaveCrest’s issuing license, the placement deteriorated and the primary damaging feedback have been sparked by way of positive customers who described the undertaking as a rip-off.

Julian Hosp. Former TenX President

The scenario worsened after Breaker published an article revealing that Julian Hosp, Cofounder and most likely essentially the most visual member of the undertaking was involved with Lyoness; a Ponzi scheme that was once closed in different European nations after being regarded as unlawful.

These scandals coupled with a naturally bearish habits generated a pointy drop in PAY, which went from values just about 0.five USD to round 0.16 inside every week.

After those occasions, and in a stunning approach, Julian Hosp addressed his fans by way of Twitter remaining week pronouncing his resignation. A YouTube video defined that the explanations for his departure have been purely private, without a additional rationalization.

[youtube https://www.youtube.com/watch?v=n4xjbUKTzu?version=3&rel=1&fs=1&autohide=2&showsearch=0&showinfo=1&iv_load_policy=1&wmode=transparent&w=640&h=360]

TenX Says Bye to Julian Hosp and Good Things Start to Happen

Although many reacted with unhappiness, giving Julian phrases of encouragement and wishing him success, in actual fact that his departure turns out to had been a aid for traders, who regained self assurance within the undertaking nearly straight away.

On January 8, Julian’s resignation was once made public, and PAY’s bearish streak completed. After the scoop unfold, the token deserted its habits and switched to a duration of balance for the following 4 days.

However, this was once now not sufficient, and after the stableness, PAY started a bullish streak that has now not ceased within the remaining 5 days, main the token to transport from 0.17 to 0.31 in keeping with information equipped by way of Coinpricewatch.

After Hosp’s departure, the TenX crew posted a tweet assuring that the long-awaited playing cards at the moment are to be had. This -if true- might be one of the vital vital bulletins within the historical past of the undertaking. It is vital to note {that a} credit score/debit card now not most effective relies on TenX. It wishes a financial institution or fintech with an issuing license, so it’s simple to know probably the most causes in the back of lots of the delays:

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