[ANN] [ROUND A of Sale] Ternion - hybrid crypto exchange with a fiat gateway - page 47.

jonnytracker

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Quote from: lvsca on October 08, 2018, 08:43:15 AM

Quote from: jonnytracker on October 08, 2018, 07:32:28 AM

hybrid crypto exchange with a fiat gateway ) sounds good but I think we need a low fee or almost free crypto exchange from fiat. Exchange are getting rich by heavy tax called fees

i agree. low fee or without fee is great. people will chose ternion exchange if they give free trading fee and have FIAT pair

I m talking about the fee in Fiat conversion . I know its difficult but its just on my wishlist

iad_xo

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is it going to be tier discounts based on token hold on platform? Crypto need more fiat integration in order for more money flow. Current issue is transaction fee is very high when trade with fiat.

lvsca

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Quote from: jonnytracker on October 08, 2018, 07:32:28 AM

hybrid crypto exchange with a fiat gateway ) sounds good but I think we need a low fee or almost free crypto exchange from fiat. Exchange are getting rich by heavy tax called fees

i agree. low fee or without fee is great. people will chose ternion exchange if they give free trading fee and have FIAT pair

Rigorous

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Quote from: bitcoinbulk on October 08, 2018, 06:51:41 AM

I don't think this is much of a problem. None of the decentralized exchanges have much volume currently. It's apparent that the market prefers centralized exchanges at this point.

Then the market is an idiot, because centralized exchanges defeat the whole point of blockchain: that the ledger is public and transparent. That means those parts where the ledger is private and opaque, there is a high risk of manipulation, such as self-trading and fake buy and sell walls.

Therefore I am quite skeptical there can be such a thing as a good hybrid exchange. Because if some transactions cannot be traced, all decentralized transactions connected to those untraceable transactions cannot be fully traced. Thereby a hybrid exchange marries the disadvantages of decentralization (slow, hard to scale, frontrunning) with the disadvantages of centralization (single point of failure, need to trust the institute not to commit fraud, KYC/AML).

loup

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Quote from: bitcoinbulk on October 08, 2018, 06:51:41 AM

Quote from: masterman on October 07, 2018, 05:23:48 PM

Quote from: Rigorous on October 07, 2018, 10:27:25 AM

Okay, so we have an interesting case here. A decentralized exchange with fiat withdrawal and KYC/AML. Benefits of a decentralized exchange are typically not having KYC/AML and transparency of transactions. Can you really call it decentralized when it depends on KYC/AML and an interconnection with a centralized exchange?

Hi, Ternion is a centralized exchange which will later on become a hybrid one.

I don't think this is much of a problem. None of the decentralized exchanges have much volume currently. It's apparent that the market prefers centralized exchanges at this point.

Indeed it looks like now investors think payments using KYC will have less problems with the goverments in the future.

jonnytracker

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hybrid crypto exchange with a fiat gateway ) sounds good but I think we need a low fee or almost free crypto exchange from fiat. Exchange are getting rich by heavy tax called fees

bitcoinbulk

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Ternion | Hybrid Crypto Exchange with fiat gateway

Quote from: masterman on October 07, 2018, 05:23:48 PM

Quote from: Rigorous on October 07, 2018, 10:27:25 AM

Okay, so we have an interesting case here. A decentralized exchange with fiat withdrawal and KYC/AML. Benefits of a decentralized exchange are typically not having KYC/AML and transparency of transactions. Can you really call it decentralized when it depends on KYC/AML and an interconnection with a centralized exchange?

Hi, Ternion is a centralized exchange which will later on become a hybrid one.

I don't think this is much of a problem. None of the decentralized exchanges have much volume currently. It's apparent that the market prefers centralized exchanges at this point.

traveler007

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ZooomEx- a new cryptocurrency exchange!

Quote from: beeelzebub on October 08, 2018, 04:34:17 AM

Quote from: traveler007 on October 08, 2018, 04:27:54 AM

Quote from: Amelie Poulain on October 07, 2018, 05:18:56 PM

I found at their WP next:

Investors can easily and safely benefit from the cryptocurrency market due to the infrastructure provided by Ternion. The Ternion Exchange is regulated and licensed by an EU authority. It will undergo yearly audits for the purposes of transparency and it offers segregated customer accounts for all investors. It offers constant and high-quality 24/7 support and a possibility to do wire transfers.

In addition, there you can find information about fee's for next cards: Mastercard, Visa, American Express.

Where their exchange registered and team office located? In which country? And in which country they got lecense and where I can see this license?

Here are their licences:
https://mtr.mkm.ee/taotluse_tulemus/487909
https://mtr.mkm.ee/taotluse_tulemus/487917#__ldandmed

And they are from Estonia it seems.

Thank you. It seems so as their lisence in Estonia and their CEO and few other team member from Estonia as well. But some other part of team from Cyprus as well...

king_of_alts

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Quote from: beeelzebub on October 08, 2018, 04:34:17 AM

Here are their licences:
https://mtr.mkm.ee/taotluse_tulemus/487909
https://mtr.mkm.ee/taotluse_tulemus/487917#__ldandmed

And they are from Estonia it seems.

Estonia has a reputation of being a front runner in Internet related business and it seems this is justified.

beeelzebub

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Bcnex - The Ultimate Blockchain Trading Platform

Quote from: traveler007 on October 08, 2018, 04:27:54 AM

Quote from: Amelie Poulain on October 07, 2018, 05:18:56 PM

Quote from: Token Williams on October 07, 2018, 04:56:58 PM

HOw will fiat be enabled on Ternion? Creditcard, wire transfers?

I found at their WP next:

Investors can easily and safely benefit from the cryptocurrency market due to the infrastructure provided by Ternion. The Ternion Exchange is regulated and licensed by an EU authority. It will undergo yearly audits for the purposes of transparency and it offers segregated customer accounts for all investors. It offers constant and high-quality 24/7 support and a possibility to do wire transfers.

In addition, there you can find information about fee's for next cards: Mastercard, Visa, American Express.

Where their exchange registered and team office located? In which country? And in which country they got lecense and where I can see this license?

Here are their licences:
https://mtr.mkm.ee/taotluse_tulemus/487909
https://mtr.mkm.ee/taotluse_tulemus/487917#__ldandmed

And they are from Estonia it seems.

traveler007

member

Activity: 840

Merit: 10

ZooomEx- a new cryptocurrency exchange!

Quote from: Amelie Poulain on October 07, 2018, 05:18:56 PM

Quote from: Token Williams on October 07, 2018, 04:56:58 PM

HOw will fiat be enabled on Ternion? Creditcard, wire transfers?

I found at their WP next:

Investors can easily and safely benefit from the cryptocurrency market due to the infrastructure provided by Ternion. The Ternion Exchange is regulated and licensed by an EU authority. It will undergo yearly audits for the purposes of transparency and it offers segregated customer accounts for all investors. It offers constant and high-quality 24/7 support and a possibility to do wire transfers.

In addition, there you can find information about fee's for next cards: Mastercard, Visa, American Express.

Where their exchange registered and team office located? In which country? And in which country they got lecense and where I can see this license?

beeelzebub

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Merit: 101

Bcnex - The Ultimate Blockchain Trading Platform

Quote from: zgrdyg on October 08, 2018, 12:46:00 AM

Quote from: CaVO32 on October 07, 2018, 10:19:24 PM

Quote from: LastHiT on October 07, 2018, 07:05:29 PM

Will the KYC procedure be optional (case to case basis) or it is definitely required in order to use the exchange?

some exchanges require KYC for a certain limit but maybe if you will just withdraw or deposit in small amount, there's no need for KYC. but was looking for their exchange, not yet up? it says from the roadmap that by this time, they already launched the exchange???

Demo exchange is in their website, and the beta version will be coming soon, there is a limit for kyc in Ternion too, 1000 Euro or equivalent amount.

I really love projects with something to Show on ico phase. Beta is a great example about that.

king_of_alts

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Activity: 476

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Quote from: omwibya on October 08, 2018, 02:11:21 AM

Quote from: zgrdyg on October 08, 2018, 12:46:00 AM

Quote from: CaVO32 on October 07, 2018, 10:19:24 PM

Quote from: LastHiT on October 07, 2018, 07:05:29 PM

Will the KYC procedure be optional (case to case basis) or it is definitely required in order to use the exchange?

some exchanges require KYC for a certain limit but maybe if you will just withdraw or deposit in small amount, there's no need for KYC. but was looking for their exchange, not yet up? it says from the roadmap that by this time, they already launched the exchange???

Demo exchange is in their website, and the beta version will be coming soon, there is a limit for kyc in Ternion too, 1000 Euro or equivalent amount.

is that limit total or per transaction? that's an important distinction.

So if you want to transfer less than 1000 Euro you don't have to go through KYC?

omwibya

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Activity: 434

Merit: 10

Quote from: zgrdyg on October 08, 2018, 12:46:00 AM

Quote from: CaVO32 on October 07, 2018, 10:19:24 PM

Quote from: LastHiT on October 07, 2018, 07:05:29 PM

Will the KYC procedure be optional (case to case basis) or it is definitely required in order to use the exchange?

some exchanges require KYC for a certain limit but maybe if you will just withdraw or deposit in small amount, there's no need for KYC. but was looking for their exchange, not yet up? it says from the roadmap that by this time, they already launched the exchange???

Demo exchange is in their website, and the beta version will be coming soon, there is a limit for kyc in Ternion too, 1000 Euro or equivalent amount.

is that limit total or per transaction? that's an important distinction.

zgrdyg

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Activity: 602

Merit: 105

Quote from: CaVO32 on October 07, 2018, 10:19:24 PM

Quote from: LastHiT on October 07, 2018, 07:05:29 PM

Will the KYC procedure be optional (case to case basis) or it is definitely required in order to use the exchange?

some exchanges require KYC for a certain limit but maybe if you will just withdraw or deposit in small amount, there's no need for KYC. but was looking for their exchange, not yet up? it says from the roadmap that by this time, they already launched the exchange???

Demo exchange is in their website, and the beta version will be coming soon, there is a limit for kyc in Ternion too, 1000 Euro or equivalent amount.

CaVO32

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Activity: 1848

Merit: 158

Quote from: LastHiT on October 07, 2018, 07:05:29 PM

Will the KYC procedure be optional (case to case basis) or it is definitely required in order to use the exchange?

some exchanges require KYC for a certain limit but maybe if you will just withdraw or deposit in small amount, there's no need for KYC. but was looking for their exchange, not yet up? it says from the roadmap that by this time, they already launched the exchange???

lvsca

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Activity: 1792

Merit: 293

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Quote from: aveon on October 07, 2018, 05:22:43 PM

Great plans, but for such infrastructure, they have to collect big money. They are going to act online and offline, and this needs more money than usual.

yes, working offline will need more budget, but it will bring more benefits. and token will have more value if they work offline to.

masterman

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Merit: 1

Quote from: the_donald on October 07, 2018, 03:09:47 PM

Quote from: sge99 on October 07, 2018, 12:02:51 PM

Quote from: belechau on October 07, 2018, 11:43:02 AM

I see today in most of the topics the disagreement about KYC in the projects, many opinions are understandable, after all, anonymity has always been the center point of the crypto world, but looking at the side of those who execute your project, probable legal implications in the future lead us to a better understanding of this need

Yeah, nobody is happy about KYC but probably it is one of many other requirements for European exchanges to get a license .

but will the KYC requirement be global or only in markets that require it?

No matter the country, if you are purchasing the tokens and/or you going to trade with more than 1000EUR then you are required to pass KYC.

masterman

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Activity: 308

Merit: 1

Quote from: luksbit on October 05, 2018, 08:44:54 PM

Is the exchange only available in Q3 of 2019? Before that date will any beta or test be available? Should all investors go through KYC?

The demo version of the exchange is available on our website. The beta version will be launched very soon. If you are planning to buy tokens or trade with more than 1000EUR then you need to pass KYC.

masterman

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Quote from: pynetx on October 06, 2018, 10:22:39 AM

You say FIAT to Crypto but the question is will you guys support only USD or other FIAT currencies also?

We will support major fiat currencies like EUR as well.

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