Greeting the community, on this blog I will introduce the Ternion project and here are all the reviews:
What is Ternion?
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.
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.
The Ternion Liquidity Fund supports two business models and is the back bone of the Exchange and the Payments Processor. The Fund stores a quarter of the accumulated funds to have available liquidity for the future expansion of Ternion globally.
Ternion Token
Utility
Pay Ternion Exchange Commissions with a discount.
List your token on the Ternion Exchange.
Get promotions via TRN Tokens.
Use them for Ternion Payments fees.
ERC20 Compliant
Allows compatibility between all ERC20 compliant tokens, yielding substantial benefits for any user of the Ternion Ecosystem.
Business Model
Due to the limited supply of the tokens within the system and a business-oriented token burn model, TRN will outmatch other coins in demand on the exchange token market.
Our Objectives
Problems
- Lack of regulated and licensed Crypto-Fiat exchanges
- Poorly executed customer service on Crypto-Fiat exchanges
- Each exchange demands to pass its own KYC and AML policies that take a long time to get verified
- Lack of transparency and reliability due to the absence of annual audits
- Most Exchange API are websocket based
- There is a deficit of payment systems that allow smooth cryptocurrency transactions
- No clear guidelines towards capital support of the post ICO business
How Ternion Solves Them
- 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
Financial Model
Feature 1: Profit Generation
The Ternion Exchange and Ternion Payments generate profit.
Feature 2: Liquidity Fund Replenishment
Ternion stores 25% of accumulated funds in the Liquidity Fund to always have available liquidity towards the expansion of Ternion globally. We maintain liquidity in the Fund, and thus we allow the business to develop and grow.
Feature 3: Token Burn
Utilizing 25% of the company's profit we first burn the tokens that were received as commission fees and payments for other internal services. If there is a shortage of the tokens to sustain the 25% bench mark, then we go and buy the TRN tokens from the market and burn them. This procedure will limit the supply of the tokens and thus will sustain their price.
Token Distribution
The Ternion Token Sale follows the baseline principle of non-minable token distribution, in that all Ternion tokens are generated and distributed as part of the token sale process.
Token Sale
NOTE: Any funds not initially allocated to the Ternion Liquidity Fund that are left unused will be added to the fund’s capital pool to further support Ternion liquidity.
ROAD MAP
For more information :
WEBSITE: https://ternion.io/?utm_source=bitcointalk&utm_medium=bounty
WHITEPAPER: https://ternion.io/TernionWhitepaper_en.pdf
FACEBOOK: https://www.facebook.com/ternionofficial/
TWITTER: https://twitter.com/ternionofficial
TELEGRAM: https://t.me/Ternion
Bitcointalk name: Monyong
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