There are 2 posts tagged tenx (this is page 1 of 1).
TenX hit 0.5 billion valuation today. Insane. I already wrote that TenX is overvalued when it had 80M valuation, but current valuation is Insane for the company that does not have a product yet. And why does TenX have 10-15x higher valuation than Mona.co or Tokencard?
And what i used miss all the time that real valuation is almost 2x, because not all the coins are circulating and current market capitalization is counted only with circulating coins.
I have invested in Revolut, my friend invested in TenX. Both have a similar service: free currency exchange bank card
| Revolut | TenX | |
|---|---|---|
| Valuation | 55M (2016 June) | 80M (2017 June) |
| Does it have a product? | Yes. 200k users at that time. | Not public. 1000 Beta testers. |
| New users per day | 1500 | 0 |
| Competitive advantage | Free currency exchange | 0.1% cashback on spent cryptocurrency |
| Competitors | N26 | Mona.co |
| valuation 2017 08 | 420M | 420M |
| active users 2017 08 | 500.000 | 0 |
After Revolut announced that it will ad 3 main cryptocurrencies to its app – what is the competitive advantage of TenX then?
What valuation would i give?
5-10M: ±12 times! less than it is now. Competitor Monaco has now a 9M valuation