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Ternion

ICO

Ternion is a hybrid crypto exchange with a fiat gateway and integrated merchant services. The Ternion Exchange is a regulated, licensed and centralized entity which allows crypto to crypto, fiat to crypto and crypto to fiat trading. In the post Token Sale stage the exchange will become hybrid. It will facilitate a decentralized exchange with a centralized one.

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Overview

Project industryExchanges & Wallets
Product typeCryptocurrency
FoundedEstonia

Technical details

The Ternion Payment Processor is a payment gateway that can be implemented at the discretion of a vendor and it issues cards to its users. The users can also use the debit card to pay the vendors. Vendors can choose to receive fiat or cryptocurrency for the goods and services by implementing the Ternion API into their payment method. This is made possible due to the integration of the Exchange into the system.

What is Ternion

The Ternion Exchange holds a European Crypto trading license №FVR000209 Ternion provides full-time support, including individual managers to clients who need them Ternion shall follow and state clear unified European guidelines of onboarding for a fast verification Annual audits are conducted by an independent party to uphold transparency Ternion shall have FIX API integration. We want to bridge Integration and Rest API integration The Ternion Payment Processor brings an individual solution to the market due to the Ternion Exchange The Ternion Liquidity Fund sustains the business model and oversees accomplishment of goals set during the Token Sale stage.

Executive Summary

Ternion is a licensed cryptocurrency exchange based in Estonia offering first class fiat-to-crypto and crypto-to-crypto exchange and payment processing solutions. Holding a cryptocurrency license that will provide a platform for institutions to interact with the Blockchain, Ternion OÜ will launch a fully functioning exchange platform during 2018. The Ternion ecosystem is made up of three pillars: Ternion Exchange, Ternion Payments and Ternion Liquidity Fund. Ternion blends the security of traditional financial platforms within the framework of a cryptocurrency exchange. Ternion offers contributors seamless transition between the old world of fiat currencies and the new world of Cryptocurrencies. As liquidity on the centralized exchange increases, Ternion Exchange will incorporate a decentralized exchange (DEX) platform.

The Ternion Ecosystem provides a real solution for all legal financial institutions that are understandably nervous to utilize the growing cryptocurrency exchanges, by operating under a license [FVR000209]. This license will allow institutions to safely operate with cryptocurrencies. The Ternion Exchange provides a simple, secure and diverse offering with full customer support. The payment processor will enable Ternion’s customers and merchant partners to seamlessly integrate cryptocurrencies into their day-today lives.

Problems with Crypto Exchanges Today

The path to mainstream adoption of crypto remains blocked by a lack of financial infrastructure solutions. Exchanges play a fundamental role in this infrastructure, representing the main gateway in and out of the cryptocurrency investment space.

In order to overcome these issues, exchanges should be perceived as a safe and trustworthy platform that works in the interest of their customers. The main problems that digital exchanges are currently facing are:

  • Lack of Fiat gateways
  • Low liquidity
  • Lack of Regulated Exchanges
  • Complicated interface design
  • Limited or poor-quality customer support
  • Lack of trust in exchange security
  • Insufficient anti-money laundering procedures
  • The whole daily use experience is fragmented among several service providers each one with its own interface
  • The Exchange

    The Exchange serves as the first of two profit-generating subsidiaries that support the Ternion Liquidity Fund.

    The Ternion Exchange holds a European crypto trading license № FVR000209. The license will position us as a reliable market player than can be safely engaged by institutional capital. Being regulated will not only reduce counterparty risk, but it will also help expand the cryptocurrency market as a whole by leading the way towards proper accreditation.Rudolfs Medvedevs, CEO

    The core Ternion platform (with minimum viable product) is currently live in closed beta phase since April 2018. After the public launch of the platform scheduled for Q3’18, we anticipate rapid international expansion. The Ternion Exchange will be launched for public trading in September. As we progress through the final stages of the development cycle and beyond, we will continue to value user feedback and the user experience.

    Unlike a number of competitors in the space, the Ternion exchange will be:

  • Licensed: The Ternion Exchange is a licensed exchange which allows it to be a counterparty to institutional companies and operate on a larger scale than current exchanges operating on the market.
  • Accessible: Ternion put a sharp focus on making the exchange accessible to newcomers in the cryptocurrency space, furthering our overarching goal of creating a digital reserve currency for everyone.
  • Efficient: Our approach is simple. The frontend must have high usability, the backend must support that usability. Both the end user experience and our system architecture will support this goal, creating a seamless experience for even the most demanding user.
  • Above-board: The exchange will be fully KYC-compliant, which will stack upon the transparency inherent to the blockchain infrastructure to give users a sense of security and comfort that is all too rare among competing solutions. The Ternion team have a comprehensive knowledge of KYC procedures and 24hr support to help implement the relevant measures efficiently
  • The Ternion Token Economics

    Ternion’s ecosystem will be supported by the TRN Utility Token. The TRN Token is an ERC20 compliant token to be issued on the Ethereum blockchain. The TRN token will be the core payment mechanism for all goods and services exchanged through the Ternion Ecosystem, and will give a competitive advantage to those who use it in the Ternion Ecosystem.

    Overview of the Ternion Ecosystem

    Within the Ternion Ecosystem, all internal revenue-generating mechanisms are geared towards upholding the Ternion Liquidity Fund. Just as the Ternion Financial Model relies on natural market forces to support Ternion liquidity, so too does the utility functionality of the Ternion token. The TRN token is exceptionally well integrated into the Ternion Ecosystem, serving as a method of exchange for fees incurred through the Ternion Exchange and the Ternion Payments business. If a party wants to list on our Exchange, then it can pay commission fees with the Ternion tokens and get a lower price. This utility mechanism may result in higher demand for the TRN token, which is then channeled back into the ecosystem, creating a contained cycle of supply and demand.

    Accredited Investors

    For accredited investors we are selling a token which shall be repurchased with 25% of the company’s profit once per quarter at a determined price.

    Public Sale

    For the Public sale, we are selling a token which can be used to pay commission on a discount and access additional services on the exchange and payment mechanism. The utility tokens which will be used for payment of commission and listings will be sent to the token burn program. Please refer to section 7.3 for more details

    Details

    Pre-sales: Jun 28, 2018 - Sep 30, 2018
    Public sales: Oct 01, 2018 - Jun 30, 2019
    Pre-sale token supply: 53,500,000 TRN
    Token supply: 95,000,000 TRN
    Total tokens for sale: 77,000,000 TRN
    Soft cap: 5,000,000 USD
    Hard cap: 30,000,000 USD
    Raised: 1,906,173 USD

    Legal

    Blockchain Platform: Ethereum
    Registration country: Estonia
    Registration year: 2018
    Office address: Roosikrantsi tn 2-K506, 10119, Tallinn linn, Harju maakond, Republic of Estonia

    Token info

    Ticker: TRN
    Type: Cryptocurrency
    Token standard: ERC20
    Token price in USD: 1 TRN = 3.25 USD
    Accepted currencies: ETH, BTC, USD
    Bonus program:
    35%
    Token distribution:
    80% - Ternion Initial Coin Offering
    12% - Reserved for Ternion Team with Five-year Vesting
    5% - Reserved for Ternion Advisory Board with one-year Vesting
    3% - Reserved for Ternion Bug Bounty Program
    Funds allocation:
    50% - ternion liquidity capital
    30% - ternion R&D Capital (50% - excahges development, 50% - payment development)
    20% - ternion growth capital (90% - marketing and promotion, 10% - token bounties)

    Ternion Roadmap

    1
    Q1 2018

    Exchange Development Begins.

    2
    Q2 2018

    Public Pre-Sale.
    Exchange Launch.

    3
    Q3 2018

    Public Sale.

    4
    Q4 2018

    Decentralised Exchange Closed Beta. Exchange Introduces Margin Trading. Decentralised Exchange Development Begins. Exchange Liquidity Pool Expansion.

    5
    Q1 2019

    Ternion Payments Development Begins. Decentralized Exchange Launch. Payments Closed Beta. Exchange Prime Launch.

    6
    Q2 2019

    Payments Launch.

    Project team

    Rudolfs Medvedevs
    Rudolfs Medvedevs
    Founder & CEO
    Rudolfs Medvedevs linkedin
    Valeria Cealic
    Valeria Cealic
    Marketing & PR Lead
    Valeria Cealic linkedin
    Oliver Cheatham
    Oliver Cheatham
    Digital Marketing specialist
    Oliver Cheatham linkedin
    Merlock Fairwood
    Merlock Fairwood
    Brand Strategist
    Merlock Fairwood linkedin
    Eugene Petrov
    Eugene Petrov
    Creative Content Writer
    Eugene Petrov linkedin
    Artem Shabanov
    Artem Shabanov
    Lead Web Designer
    Artem Shabanov linkedin
    Viesturs Bremze
    Viesturs Bremze
    Senior Investor Relations CIS & Europe
    Viesturs Bremze linkedin
    Roberts Erdmanis
    Roberts Erdmanis
    Investor Relations Western Europe
    Roberts Erdmanis linkedin
    Anatolii Lytvynenko
    Anatolii Lytvynenko
    Blockchain Development Lead
    Anatolii Lytvynenko linkedin
    Vladimir Platonov
    Vladimir Platonov
    Chief Legal Officer
    Vladimir Platonov linkedin
    Gary Sum
    Gary Sum
    CEO of Ternion Greater Bay Area
    Gary Sum linkedin
    Alex Ariestov
    Alex Ariestov
    Lead Developer
    Alex Ariestov linkedin
    Yaroslav Boiko
    Yaroslav Boiko
    Software Developer
    Yaroslav Boiko linkedin
    David Mark
    David Mark
    Chief Growth Officer
    David Mark linkedin
    Pauls Perkons
    Pauls Perkons
    Social Media Manager
    Pauls Perkons linkedin
    Nikolay Sadonin
    Nikolay Sadonin
    Bounty Campaign Manager
    Nikolay Sadonin linkedin
    Fabian Klein
    Fabian Klein
    Chief Sales Officer
    Fabian Klein linkedin

    Advisors

    Gareth Rhodes
    Gareth Rhodes
    Advisor
    Gareth Rhodes linkedin
    Ian Scarffe
    Ian Scarffe
    Blockchain and Crypto Advisor
    Ian Scarffe linkedin
    Arthur Iinuma
    Arthur Iinuma
    Advisor
    Arthur Iinuma linkedin
    Roger Crook
    Roger Crook
    Advisor
    Roger Crook linkedin
    Mark Noorlander
    Mark Noorlander
    Co-founder, Flashboys
    Mark Noorlander linkedin
    Jillian Godsil
    Jillian Godsil
    Jillian Godsil linkedin
    Andrey Belyakov
    Andrey Belyakov
    CFA
    Andrey Belyakov linkedin
    Alexander Rukin
    Alexander Rukin
    Moscow Representative
    Alexander Rukin linkedin
    Carlo Buonpane
    Carlo Buonpane
    Investor Outreach
    Carlo Buonpane linkedin

    Social media

    Ternion web-siteTernion RedditTernion MediumTernionYouTubeTernion TelegramTernion InstagramTernion BTCTalkTernion LinkedInTernion TwitterTernion FacebookTernion Github

    MVP

    MVP URLApp store

    User rating:

    5/5 ( 1 )
    0

    Ternion rating

    8.4
    Claim admin rights for this project
    ICObench3.6 / 5Ternion icobench
    ICOholder3.8 / 5Ternion icoholder
    ICObench8.9 / 10Ternion icomarks
    Ternion NEWS

    How To get a verified Project status

    To pass the verification you need to place a our logo on the main page of your website and make an announcement of the listing in your social network accounts. Send us the email in reply with confirmation of the link placement.

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