Ternion

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 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.

Why Ternion?

We, as a team, are constantly trying to be ahead of the market. Pushing our boundries in order to achive what everyone else is only trying to. By putting trust into us, you form the future where we will stand all together tomorrow.

You can get the first experience of the exchange platform here and see how the first version will look. Not only the exchange is comfortable for the institutional players, but it’s convenient and easy for any of the retail investors, as it comes with a mobile platform app and a web application.

For the purposes of transparency and reliability, Ternion will undergo yearly audits to keep the public in the loop about future advancements.

We know that decentralized digital finance is the future, but we also understand the unavoidable connection and value that traditional finance taught us, the knowledge which we are implementing into the cryptocurrency space today.

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 ICO stage

The Ternion Token Eosystem

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.

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. This utility mechanism may result in higher demand for TRN token, which is then channelled back into the ecosystem, creating a contained cycle of supply and demand.

The Token Utility Features: Liquidity Support

The TRN is a utility token positioned to grant users access to a variety of benefits within the Ternion Ecosystem. TRN utility functions include to pay for:

Financial Model: Asset Price via Token Burn

In order to facilitate reliable liquidity, Ternion operates around a financial model built on market forces. The Ternion financial model and the ecosystem that supports it ensure the Ternion token remains relevant. The Ternion token (TRN) is an intrinsic part of the Ecosystem and serves as the native currency for Ternion’s three fundamental pillars: The Exchange, Ternion Payments and The Liquidity Reserve.

Step 1: Revenue Generation

The Ternion Exchange operates based on a progressive commission (from 0.25% down to 0.1% based on monthly traded asset volume).
Ternion Payments charges a 0.85% - 1.5% commission per transaction, dependent on the purchasing currency.

Step 2: Token Buyback

Ternion uses 25% of accumulated funds to perform token buyback. Ternion stores 25% of accumulated funds in the Liquidity Fund to always have available liquidity towards the expansion of Ternion globally.

Step 3: Token Burn

Ternion then burns the token, reducing total Ternion circulating supply.

Ternion Initial Coin Offering

The Ternion Token (TRN) will be used as the method of exchange across the entire Ternion Ecosystem. This includes trading fees, merchant fees and listing fees. TRN will only be created during a single event commencing during the private pre-sale. Further, no tokens will be created once the final round of the ICO is complete. Any unsold tokens will be destroyed.

Token Structure

Maximum total supply: 95 000 000 TRN
Available in pre-sale: 22 500 000 TRN
Available in public sale (Plus any unsold presale tokens) 53 500 000 TRN
SOFT CAP : $5 000 000
HARD CAP : $30 000 000

Token Sale

Token Sale Dates

The Ternion token sale is split into Pre A, A, B, C rounds. Presale and a Public Token Sale.

Token Presale (Pre-A round)

The Presale will run until: June 28th 2018.

The pre-sale will allow Ternion to raise the necessary funds to begin building the exchange, having a Minimum Viable Product (MVP) available during the Public Token Sale. The pre-sale will also help us acquire valuable feedback early on in the build, contributing to the efficiency of the exchange development process.

The funds raised during the public pre-sale will be used primarily for development and growth efforts, though a fraction will still go towards laying the foundation of the Ternion Liquidity Fund.

Allocation of Public Token Sale Funds

Token Distribution

Governance & Corporate Structure

Ternion OÜ will be structured to have a clear division of roles and responsibilities while maintaining standard management structure with the unique objective of a reliable performance. The main target is growing the Ternion Ecosystem and promoting the Ternion brand. The Ternion team already consists of 15 full time employees dedicated to building a high-performance cryptocurrency exchange.

Roadmap

Working on the Ternion Ecosystem, our primary objective is to reduce the amount of time lost between major milestones and give contributors access to the Ternion Ecosystem immediately following the public sale. This will give us a decisive edge against competitors who tend to be mired in lengthy delivery times post-ICO. The following roadmap includes all the major steps in the development of the Ternion Ecosystem.

Q1 2018 Exchange Development Begins
Q2 2018 A Round Sale

Exchange Launch
Q3 2018 B Round Sale

Decentralized Exchange Development Begins

Exchange Introduces Margin Trading
Q4 2018 C Round Sale

Decentralized Exchange Closed Beta
Q1 2019 Exchange Liquidity Pool Expansion

Ternion Payments Development Begins

Decentralized Exchange Launch

Payments Closed Beta

Exchange Prime Launch
Q3 2019 Payments Launch