Hello friends, in this new article I would like to introduce Ternion project to you and for more details, I would be discussing the following;
One of the widely used business phrase world over is “customer come first or customers first” but in reality some business companies don’t keep to their words.
Ternion is standing out of the crowd to indeed ensure that customers are on top of their scale.
Now let’s get down to business. When you open the whitepaper of Ternion, you will be greeted with this statement that says: “Bridging the gap between traditional and decentralized finances” (source: https://ternion.io/TernionWhitepaper_en.pdf)
What is Ternion?
Going by the definition given by https://www.merriam-webster.com, Ternion means “triad”a union or group of three or “trio”. Ternion is a well-managed cryptocurrency exchange platform that is located in Estonia with the goal to give five star services for fiat-to-crypto and crypto-to-crypto exchanges. The team has successfully acquired a permit or license (FVR000209) for cryptocurrency comparative to that one conceded to NASDAQ. The platform will be launched in 2018 and the second quarter of 2019, when Ternion will begin to give payment terminal for both merchants and individuals.
Ternion is not just a platform but an ingenuity design to ensure access is available for exchange for fiat and as well as cryptocurrency. Decentralization exchange (DEX) which gives the platform the needed advantage is integrated into the platform to help contribute to achieving its set objectives.
Highlights of some specific features:
See video:
Ternion comprises of three components viz the Ternion Exchange, The Liquidity fund and Ternion Payments that is superintended by a remarkable parent object known as Ternion OU.
Let’s get to know the individual components:
• The Ternion Exchange: This operates on a daily basis and has a round the clock backing that is very safe, secured and transparent. Where Ternion payments can be done offering a five star services for user experience and usability. The Exchange component fills in as a profit generating backup that will help Ternion Liquidity Fund component. It will at first take-off as a centralized cryptocurrency exchange with precisely designated highlights that outperform those offered by other exchange platforms. The reason behind this is simple: to offer a sweeping solution for cryptocurrency dealers while looking forward to build the second phase of the exchange component on a decentralized exchange platform. Comparing Ternion Exchange to others, it can be given that Ternion offers regulated, accessible, efficient and above-board services.
Ternion Exchange does not end there but further to give discounts and incentives to users depending on the size of transaction.
• Ternion Liquidity fund: This gives Ecosystem Capital, manages Ternion Exchange Trading Pool and oversees Ternion Payment Liquidity. I can conclusively say that Ternion Liquidity Fund is the core component of Ternion platform in that it controls the exchange at one end and also fuel the payment component at the other end.
• Ternion payment: Has the capability to receive cryptocurrency and fiat, control Financial Institution and has a straightforward API Integration. Income will be produced through a little fee charge on every exchange; this income will be utilized by Ternion OU to purchase back and burn TRN tokens to reduce the supply of the token on a quarterly basis. Ternion payment will establish a fixed cryptocurrency rates for the term of exchanges and also put measures in place to strike out fraud between merchants and users from pilfering into the system.
Interestingly in the event of a cancelling a transaction, Ternion platform will bear the cost.
Now that we have the details of the different components let go deeper.
Unveiling the Token:
Ternion has a utility token with the symbol TRN. It has four decimal places. This token will serve as a gate pass to enable users’ access every component this great platform. It will be used for payments, exchanges and liquidity. See table below:
TRN Tokens is built on Ethereum ERC20 and retained in a compatible ERC20 wallet and can be exchanged.
Token Structure: (refer to table below)
Token Sale:
The event of the token sale is divided into three rounds viz, Round ‘A’ ‘B’ and ‘C’. The First round which is round ‘A’ started June 29th, 2018 till August 29th, 2018, The Round ‘B’ commences from August 30th till October 30th and the final round ‘C’ will take place from November 1st till December 30th.
In the First phase, 22,500,000 TRN token will be sold at 0.65$ for each TRN token with a discount of 80%. In the second phase ‘B’ a total of , 41,500,000 TRN token will also be sold but at a different and higher price of 2.10$ per TRN with a discount of 35% and lastly the Round ‘C’ will have a total of 12,000,000 TRN token available for sale at 3,23$.
Token distribution:
The Team: Ternion has about 21 intelligent and well selected team members and advisors. I will like you to know details about them by clicking on this link: https://ternion.io/TernionWhitepaper_en.pdf
Governance and corporate structure: see image below:
Finally Roadmap:
Conclusively, the reason why I put so much time in writing this article is one: I am a strong believer that Ternion platform is the next ‘big thing’ that will happen for good to the crypto-world hence I encourage you to invest in it. The best thing they say are found in unexpected places. The platform is for everyone, for contributors, traders and everyday consumer, which ever level you are today, you can get better. Join the ICO. Being an early bird is rewarding!
Website: https://ternion.io/
https://ternion.io/?utm_source=bitcointalk&utm_medium=bounty
Announcement thread link: https://bitcointalk.org/index.php?topic=4623236.msg41743899#msg41743899
Twitter: https://twitter.com/ternionofficial
Facebook: https://www.facebook.com/ternionofficial/
Medium: https://medium.com/ternion
See you at the top!
Authored by me: Applechild
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1221175