TERNION ICO REVIEW

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 ICO 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 is also responsible for buying back the tokens utilizing a quarter of the company’s profit and burning them to combat inflation. The Fund also stores another quarter of accumulated funds to have available liquidity for the future expansion of Ternion globally.

The total market capitalisation for the cryptocurrency sector suddenly increased by $600bn during the last months of 2017. While Bitcoin made up a significant portion of the growth, rising by over $200bn over the course of the year, a number of other alternative cryptocurrencies (Altcoins) followed the same trend. Overall trading volumes grew accordingly within the same period arriving at a peak of over $50Bn in 24 hours, in the same range as the NYSE’s average volume. With increased demand on trading platforms a number of the core exchanges suffered Denial of Service (DoS) as their infrastructure was not ready to handle such rapid increases in trading volume. The end results for the user was a slow service, missed opportunity and in some cases significant losses, as traders were unable to liquidate their open positions.

Since that situation, exchanges have consolidated their operations and teams, but there is still a generalized lack of gateways to access the crypto space, representing a problem for contributors that need quick in and out from Crypto to Fiat and vice versa.

Cryptocurrency exchanges have been setting up operations in countries across the world at an accelerating speed. One of the main data aggregators in the market, CryptoCompare. com, counts 120+ exchanges globally. These exchanges differentiate themselves on a number of elements, including: size, model (centralized or decentralized) and number of assets traded.

The top 10 exchanges are generating well in excess of $3 million in fees a day, or more than $1 billion per year (Bloomberg). While these figures are not exact, the magnitude of cash flows currently associated with the cryptocurrency exchange sector is vast. The largest exchange by volume is currently Binance. Binance alone registered $200M net profit in the first quarter of 2018, an increase of over 2800% versus the previous quarter. According to data compiled by the smart contract platform Aelf, Asia based exchanges such as Huobi, Bitfinex,

Upbit and Bithumb process between $600 million and $1.4 billion of daily trading volume and charge fees of 0.3% on average, making Asia accounting for half of the crypto currency global trading.

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The Ternion Exchange will initially launch as a centralized cryptocurrency exchange with carefully selected features that surpass those provided by competitors. The goal for this pillar of the Ternion Ecosystem is to offer an all-encompassing solution for cryptocurrency traders. Phase two of the exchange is to build a decentralized exchange platform (DEX) that is initially supported by the Ternion Liquidity pool

Ternion payments serves as a key contributor towards increasing cryptocurrency access and usability. Ternion payments is a payment processing system that will be integrated directly into the Ternion Exchange for maximum efficiency. In addition to enhancing accessibility of cryptocurrency for consumers and merchants alike, Ternion Payments generate revenue through a small transaction fee on each transaction. Ternion OÜ will use this revenue to buy back and burn TRN tokens, reducing the circulating supply of TRN tokens on a quarterly basis. (further information can be found in the section on The Ternion Financial Model).

For Information 

Website : https://ternion.io/

Whitepaper: https://ternion.io/TernionWhitepaper_en.pdf

Twitter: https://twitter.com/ternionofficial

Telegram: https://t.me/TernionOfficial

ANN: https://bitcointalk.org/index.php?topic=4623236.msg41743899#msg41743899

Facebook: https://www.facebook.com/ternionofficial/