TenX, a crypto wallet and payment project, that raised $80 million in 2017, announced today it will discontinue its services and shut down. New sign-ups and deposits have been disabled, and the TenX team told users to withdraw their funds from their TenX wallet at their earliest convenience.
While funds remain safe, from April 1st, 2021, withdrawal and storage fees will be charged to accounts while users hold a positive balance in any of their TenX wallets. Withdrawals made through the app until March 31st, 2021 will not incur any fees.
After March 31st, storage fees will be USD 7.50 per month for every cryptocurrency wallet with a positive balance, and withdrawal fees will be BTC (0.001), ETH (0.025), and LTC (0.220).
“This is not goodbye, and we want to thank you for your support along the way and helping us build an incredible community of visionaries who are committed to the future of sound money. If you have any questions about transferring your funds or the upcoming fee structure, our Customer Support team is always ready to help. From all of us here at TenX, thank you for being a valued client and supporter of TenX and our services. We will be serving you once again…”
– The TenX Team