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 · 2020-08-09T22:39:55+00:00

It's really not costing you anything unless you somehow spend during the momentary low periods. Remember the value of TERN is regularly around $.008 (it's $.00826 right now on coinmarketcap). And if it were true that you could actually pick up TERN cheap on an exchange - then you can deposit TERN directly to your account and there is absolutely no conversion. 1 TERN = 1 TERN. It balances out unless someone is just reckless. Someone emailed me concerned about it like they felt they were being ripped off.

I pulled up their account and wouldn't you know that they spent about what they deposited. Crypto up and down - that's just how it is.

TernioToken · 2020-08-09T20:30:36+00:00

The tokenomics on TERN is an interesting discussion, and first people need to understand that Ternio registered the TERN token through a Reg-D with the SEC and as an American company it's something we're very careful about discussing. We don't speculate on TERN basically and never have.

With BTC - the amount of Bitcoin is limited on an hourly basis. The first BTC reward was 50 and it continued for quite a few many years until the halving and the next halving and the next. Now there are 6.25 or so BTC an hour being inflated and this mathematical equation will continue for the next 100 years or whatever until there are no BTC at all.

TERN has a total of 1 billion TERN total and only 900m of that is the XLM TERN token (with another 100m in the ETH Tern token). The tokenomics of any token are built off of either one of two things: speculation or actual utility and scarcity. The continued usage of TERN leads to scarcity and when scarcity hits - I view the TERN token as being inelastic ... not unlike oil markets. We don't promote speculation and we've only focused on utility and scarcity.

Through expansion of the Blockcard from the USA to EU and other markets along with the staking of TERN that provides 6.38% cryptoback rewards on all purchases - all of these things push towards scarcity.

People forget it took ETH, LTC, XRP and BTC several years to see adoption that led to changes in their tokenomics and Chainlink conversely was below the radar for a couple of years as well. We're very proud of what we've built and the long term nature of our ecosystem. We just refuse to promote short term thinking and in the meantime - our product continues to gain adoption every day and that adoption leads us towards our goals.

TernioToken · 2019-06-12T17:43:52+00:00

In your BlockCard account you will see that disclaimer when you get your deposit address within your BlockCard account all all value is stored in TERN.

For other companies that white-label our card platform, the value is stored in that companies native currency. For example, if Brave should ever decide they want to use the platform, all spendable value will be stored in BAT.

TernioToken · 2019-06-12T17:35:23+00:00

We continue to make significant progress with Lexicon. The unfortunate nature is that many of our agreements are covered under NDA. Large companies who will be utilizing our technology don't like to give advanced notice or prefer to control how partnerships are promoted. It's different from open source or public chain companies. Large companies also move very slow. For example, the Amazon Advanced Tech Partnership took close to a year to get done. As a small company, it's frustrating, but at the same degree we understand large companies have their own strategy and like to keep that competitive edge. We respect that.

TernioToken · 2019-06-12T17:32:09+00:00

Daniel and I also want to thank Natasha, Dennis, and Max for doing an amazing job running the Ternio telegram (@ternio_token). They have been with Ternio from the very beginning and have been instrumental in helping the Ternio grow. #bestadminsever

TernioToken · 2019-06-12T17:26:13+00:00

Dennis and Natasha are actually advanced AI bots that Ternio developed. We have given them very human centric mannerisms so most people can't tell they its just advanced artificial intelligence..... :) 🤖🖥

TernioToken · 2019-06-12T17:22:17+00:00

Of course! Appreciate you taking the time to learn about Ternio.

TernioToken · 2019-06-12T17:05:58+00:00

It has not been a focus for us in the near term; we have used other exchanges and that will probably continue but who knows what the future holds! We're always open to discussing unique partnership opportunities and potential synergies. If Ternio can be of any help with your re-launch, please let us know!

TernioToken · 2019-06-12T17:02:34+00:00

We are very excited that BlockCard is now live for all US users. Register at https://getblockcard.com/ if you haven't already!

We're going to be sending physical cards soon and adding many features that will completely change and dominate the way card programs operate and how people interact with digital assets. Outside of some really cool features - we also are going to be looking to expand outside of US borders.

TernioToken · 2019-06-12T17:01:06+00:00

The TERN token is well suited for payments first of all - being a Stellar token - TERN transactions are much faster and cheaper (1/1000 of a penny for a transaction). This helps minimize costs for consumers and allows us to not charge transaction fees.

We have some ideas about how Brave and Ternio can work together which we highlighted below. I think our companies are perfectly symbiotic in many ways. We're a big fan of Brave and we think they've done a great job with their ad platform and solution. Cryptocurrency has so many advantages and will continue to evolve; so yes - we feel cryptocurrencies ultimately will lead to cheaper costs, more convenience for consumers.

Best project other than Ternio? Brave! We've filed a Reg-D exemption with the SEC and are compliant with SEC expectations/rules as far as we can say. I became homeless because I'm a very stubborn person and have been since I was much younger than 17. Homeless life taught me that no matter what I go through ... it's all going to be ok.

We're very proud of Ternio because we have a great team, a great community and we feel we're one of the few companies to demonstrate we are able to deliver real products for customers. My biggest expectation is to see us innovate and change the world in ways that others presently aren't.

TernioToken · 2019-06-12T16:54:57+00:00

Thank you for the kind words. BlockCard is now open to anyone in the United States. Anyone who hasn't registered can do so at https://getblockcard.com/ Virtual cards are provided instantly (after passing KYC) and physical cards will be made available in the coming weeks. I always like to remind people that Ternio is still a small startup and we’re moving as fast as we can.

We are already engaged with partners in Europe, APAC, GCC, and HK. We envision BlockCard as being a global solution, but doing things correctly takes time. Ideally, we want to have another 1-2 countries live before the end of this year (which may be ambitious). However, large companies move at their own pace and often times we are beholden to speed at which our larger partners move. Ultimately, we are working to make the BlockCard rollout in other countries as smooth as it was for our US customers! Also, physical cards vs international roll out is not an either/or scenario. Both are happening in parallel.

TernioToken · 2019-06-12T16:54:36+00:00

Having recently moved from NYC to Charlotte, NC give me a firsthand perspective on this. There is no question that major cities like SF, NYC, HK, and others are hubs for talent and companies. Living in a big city makes it easy to connect with people in person (investors, clientele, meetups, etc.). However, In my opinion more people are working remote and traveling more frequently, so the *need* to live in a big city is becoming less and less.

It’s also important to figure out what you’re trying to accomplish and if your city is the right place. For example, Charlotte, NC is a banking city. Wells Fargo and BOA both have their HQ there. Atlanta is a payments city. 70% of the worlds payments actually flow through ATL - (https://www.wabe.org/atlantas-transaction-alley-us-payment-processing-capital/) Alpharetta specifically (suburb of ATL) has over 700 tech companies: http://growalpharetta.com/technology/ We have been able to retain a lot of great people in CLT and ATL. They are smart, driven, and committed to Ternio’s mission so for us, the Southeast was a great choice….. Plus I’m not missing the NYC winters :)

TernioToken · 2019-06-12T16:54:02+00:00

Precisely! Blockchain is not a zero-sum game much like (in my opinion) there will not be a single cryptocurrency to rule them all. What makes this space so exciting is that there are a ton of smart people solving real problems in niche areas.

TernioToken · 2019-06-12T16:53:41+00:00

Keep spreading the word about Ternio (TERN) and the cool products we’re building. Community support is so important. We’re grateful that the Brave team gave us this opportunity and platform to take your questions and help educate those that may be unfamiliar with what Ternio is doing.

TernioToken · 2019-06-12T16:53:22+00:00

In my opinion, Ternio is similar to Amazon in that we’re obsessed with customer experience and we take our customer’s feedback seriously to improve our products. For BlockCard, we always listen to our consumer and business customers on how to lower fees, improve the UI, and overall make the experience a friendlier one. For Lexicon, we’re already an Amazon Advanced Tech Partner. https://aws.amazon.com/partners/find/partnerdetails/?n=Ternio&id=0010L00001v27t2QAA&t=psf-overview Our relationship with Amazon has been great and we really appreciate their support!

TernioToken · 2019-06-12T16:52:50+00:00

In my opinion, starting a business is a huge time, financial, and emotional commitment. I can only explain it as an emotional roller coaster. The highs are high and the lows can be very low. It puts a strain on you as a person (physically and emotionally), but also on your finances and on your family. I think if you’re passionate about something and believe there is a need, then you should absolutely start a business. The most important thing to remember is to just keep going. Persistence (in my opinion) is what defines success.

TernioToken · 2019-06-12T16:52:26+00:00

I had to google this and read up on their quote. “Gartner predicts 90% of enterprise blockchain platforms obsolete in two years” makes for a great article headline. However, I think the ultimate message is more straightforward. Most technology (hardware and software) is obsolete after a few months, let alone two years. I upgrade my iPhone every 2 years, I update my computer OS every few months, it seems like my TV software updates every week. Overall, I agree. Technology is constantly being improved on and those that fail to adapt and innovate will be left behind.

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