Descrption：Pair your TenX Card and Wallet to spend your cryptocurrency anytime, anywhere. Their unique range of products allows you to bring together both fiat and crypto with the flexibility to choose from different payments methods. Spend at over 42 million points of acceptance online and offline, in almost 200 countries.
Principle and design goals
1.1 The purpose of this Supplemental Whitepaper is to provide information to the community on:
(a) the milestones which we have achieved during the Relevant Period;
(b) the events in relation to TenX which have occurred and are considered by us to be material during the Relevant Period; and
(c) our current and updated milestones and plans.
1.2 Such information is provided in respect of, amongst others:
(a) the development of the COMIT protocol and network;
(b) updates on the TenX wallet and card;
(c) the engagement of service providers and risk assessment;
(d) the cessation of our previous card programme;
(e) our application for licence to operate as an e-money institution;
(f) our proposed feature to allow for direct purchases of blockchain assets through the TenX wallet; and
(g) the revised features of the PAY token and rights of token holders.
Accounts and transactions
Customer screening will be undertaken to assess risks posed by users of the TenX Wallet and the TenX Card. Both TenX Wallet Transactions and TenX Card Transactions will also be continuously monitored for risks thereof. Such risks include but are not limited to those in relation to money-laundering, terrorism financing, suspicious activities, potential fraud, attempted manipulative behavior or other unlawful activities, politically-exposed persons or other persons included in sanction lists.
: means, collectively, the services provided by TenX to users for:
(a) use of the Card to carry out Card Transactions; and
(b) use of the TenX Wallet Account through the TenX Wallet App to carry out TenX Wallet Transactions,
with the scope of such services being subject to such supplementations, modifications or variations as may be determined and implemented by TenX from time to time;
“TenX Wallet Account”
: means such account registered and maintained by a user of the TenX Services with TenX, through the TenX Wallet App or otherwise: (a) through which such user of the TenX Services may, amongst others, effect, obtain and have access to such extent of the TenX Services;
(b) for purposes of facilitating the holding of the Accepted TenX Wallet Assets in or with such account by such user of the TenX Services; and
(c) for purposes of facilitating the use of the Available Balance of such account by such user of the TenX Services to carry out Card Transactions or TenX Wallet Transactions,
Smart contract system
: means the set of criteria, (including criteria in relation to functions and events) developed by the Ethereum community, which has to be met in a smart contract on the Ethereum blockchain in order to enable inter-operability across multiple interfaces and distributed applications, as published at https://github.com/ethereum/EIPs/issues/20;
“Ethereum” : means the open-source, public, blockchain-based distributed computing platform featuring smart contract functionality, as described at https://www.ethereum.org/;
Distributed storage protocol
he has a basic degree of understanding of the operation, functionality, usage, storage, transmission mechanisms and other material characteristics of cryptocurrencies, blockchain assets and tokens including the Tokens, blockchain-based software systems, cryptocurrency wallets including the Ethereum Wallet or other related token storage mechanisms, blockchain technology and source codes of smart contracts, functionality and technology
Cross-chain and exchange technology
Economic model and incentive
Holders shall have no rights, express or implied, legal or equitable, in relation to TenX or any other person. No Holder shall have any governance rights over the TenX Wallet or TenX Card, or of influencing the development of the TenX Wallet or the TenX Card.
Save for the rights to use the TenX Services to the extent set out in Paragraph 2.2 above, Holders shall have no rights, express or implied, legal or equitable, in relation to the Company, TenX or any other person. No Holder shall have any governance rights over any part of the TenX Services or of influencing the development of any part of the TenX Services.
“TenX Wallet App”
: means the mobile application(s) and/or the web application operated and maintained by or on behalf of TenX, whether jointly with any other persons or otherwise, through which part of the TenX Services are offered and may be accessed and used, and shall include any derivation or upgrade of such applications as may be made available by TenX, whether jointly with any other persons or otherwise, from time to time;
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