TenX President Julian Hosp Leaves the Company
The co-founder and president of Singapore-based top ICO TenX, Dr. Julian Hosp, has decided to step
down and leave the company in an emotional video he posted on his Social media handles Tuesday.
While discussing the way forward for TenX in 2019 and beyond, Hosp said that “it became clear to us as
founders that the only way forward is to mutually part ways,” and therefore he will be stepping down as
president of the company as a result.
The company stated that, "as of today, Toby Hoenich [co-founder of the company] will be driving the
business forward solely, while Julian Hosp will be leaving TenX."
TenX was undoubtedly one of the top 10 initial coin offerings during the ICO craze of 2017, making
roughly USD 80 million with the sale of their PAY token, while making the promise of bringing
cryptocurrency Visa cards to the masses.
However, despite the mouthwatering promises, the company has been slow in delivering on them. So
far, crypto payment cards have reportedly started to be rolled out for some users in Singapore, but
users in other countries are still told to wait. According to the latest official communications from the
company, cards will be rolled out to the rest of the Asia-Pacific region in Q1 2019, before coming to
Europe later in 2019.
At the time of the ICO, one PAY token was trading at around USD 0.87. But today, the same token is
down to a much less impressive value of USD 0.206, following a decline of almost all coins in the crypto