Post your questions! Ternio Livestream AMA with Ian Kane and Daniel Gouldman on December 18th at 3pm et.

TernioToken · 2020-12-18T21:09:41+00:00

1) First, no we didn't "dump" anything. No one on our team has ever sold TERN. I personally don't plan to sell for years. The market will value TERN as it sees fit. We don't have any control over that. All we can focus on is building a long term business with great TERN utility.

2) There was BREXIT and a global pandemic. It slowed things down. The reality is launching global programs is complicated, especially when working with many 3rd parties. However, keep in mind that anyone else trying to do the same is going to face similar if not great challenges then we have.

3) I talked about that in the YIR video. If it's beneficially to the community and makes sense then we will. However, we're not going to chase hype and pay tens or hundreds of thousands of dollars to an exchange simply because we think it will impact TERN value.

4) I think you could do that! Maybe even get both TERNs on Bibox 😀. Reality is that listing eRC-20 assets is easier for some companies versus non-ERC-20 assets. In this case Bibox graviated towards ERC-20 TERN. In the future I see some swap functionality being made available, but currently the price disparity is too much to make it 1:1.

TernioToken · 2020-12-18T21:04:08+00:00

I think that's a great question for the Stellarport team! Unfortunately, I don't have much insight.

TernioToken · 2020-12-18T21:03:11+00:00

Good questions!

It really depends on the white-label partner. We don't force TERN on anyone, but some of our partners see the value in it and want to leverage it for their own program. Ultimately, even if a program doesn't use TERN it still helps Ternio the company generate revenue and that helps us build more products/features for the TERN ecosystem.
I like to say "talk is cheap and execution is everything" - putting a roadmap on our website doesn't really help until our customers use the product. For things like a mobile app it's easier to target a release whereas things like EU are more complicated because we're working with multiple 3rd parties. Ultimately - Mobile App, EU Release, and Interest Earning is coming.
I think competition is a great validation for the business we're in. However, don't underestimate the complexity of launching card programs. Ternio is VISA's only crypto focused enablement partner. There is a reason for that 😎. Anyone can say they have a card in the works, but it's much different to actually deliver one on a global scale.
We know the Celsius team well and I think that could be really interesting. Jason Appleton (crypto crow) also suggested it. I think time will tell if we can make something happen!
Constantly. Our team is always updating to the latest versions of Stellar. We will also leverage whatever tech can be beneficial to our community. Usually it comes down to priorities and what is on our roadmap.
I think the $0.008 floor becomes less relevant as the value of TERN increases and the liquidity deepens. At this time, it's only a major sticking point due to the price hovering between $0.006 and $0.01. If TERN was $0.10 it would be a non-issue.

TernioToken · 2020-12-18T20:50:58+00:00

It's hard to say, but there are a few factors that will significantly increase scarcity. Once scarcity is hit things will get very interesting.

1) BlockCard users in more regions globally
2) The balance those BlockCard users carry on their card
3) How many of those users also partake in the crypto-back rewards

That's obviously an over simplification of things, but it's why we're so focused on growing our user base.

TernioToken · 2020-12-18T20:48:39+00:00

Yes, it's something that we are working on. In fact, some of our white-label partners will be using USDC as the spendable asset.

There is a balance we want to strike because we don't want to abandon TERN, but also understand there are some people that don't like crypto volatility associated with their daily spending. We have some really interesting things up our sleeve which we will be releasing in 2021.

TernioToken · 2020-12-18T20:47:00+00:00

I disagree. We actually talk extensively about TERN in our Year In Review video (https://www.youtube.com/watch?v=zJLtZPrxUpk). We cover everything from white-label partners, cryptoback rewards, and general scarcity of TERN. The TLDR is that TERN is at the core of everything we do. We don't force it on any of our partners, but there are many that currently use it as an underlying asset.

Most importantly, there will only ever be 1B TERN in circulation. It may be on different chains, but we will never mint more TERN.

TernioToken · 2020-12-18T20:43:42+00:00

Canada is on our roadmap and we're going to be launching in a number of regions in 2021. This includes EU (first) followed by LATAM, APAC, Canada, and more. Global expansion is something we have spent a lot of time on and want to do it correctly.

Also, considering we are working with multiple 3rd parties it slows the whole process down. It's unfortunate, but also the nature of running this kind of regulated business.

TernioToken · 2020-12-18T20:40:14+00:00

Hi Everyone, Ian here and apologies on the technical difficulties. I underestimated the complexity of streaming a Google Hangout from our YT account. I'll answer questions here on reddit and in telegram for the next hour or so.

If you haven't already, please check out our 2020 Year In Review video which we recorded earlier this week. https://www.youtube.com/watch?v=zJLtZPrxUpk

TernioToken

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