[ANN] [ROUND A of Sale] Ternion - hybrid crypto exchange with a fiat gateway - page 48.

Altcoinrusher

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Quote from: lvsca on October 06, 2018, 11:51:18 PM

Quote from: Rigorous on October 06, 2018, 06:54:49 PM

Why have Ternion chosen to raise money this way? Binance are making millions of profit on listing fees and commissions, and now they are building a decentralized exchange too. Not that I do not wish them the best, but the Ternion team have no time to waste. Funding or not, they have to continue developing or be doomed.

another competition between exchange service. we need unique idea in new market.
and yes, i agree with you, how many they rised, they should continue their project

Binance will surely be a big competitor but if I'm not mistaken, they don't have plans yet to integrate fiat to crypto gateway, and this becomes the main advantage of Ternion if they can beat them to its release.

masterman

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

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

We are working on international wire transfers, and we will have them implemented soon. Credit card withdrawals will be also available soon. You can get your fiat to visa or MasterCard.

masterman

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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.

aveon

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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.

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.

Amelie Poulain

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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.

Token Williams

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

bitcoin-shark

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Quote from: king_of_alts on October 07, 2018, 07:06:13 AM

Quote from: magisterr on October 07, 2018, 07:02:55 AM

Quote from: the_donald on October 07, 2018, 06:59:51 AM

I hate the fact that we have KYC now, although I do understand if you can't use the exchange without it.

KYC for participiate in ICO or KYC for trading on their future exchange? KYC for token sale needed almost every project nowdays. But for trading is nt a good idea. For example COSS needed KYC and they are not a popular, as a lot of exchanges without KYC and people want not pass KYC.

I think for trading as well because otherwise the authorities think the exchange wil be used for money laundering.

so will the kyc procedure be required but for both to invest in the ico and to be able to use the future exchange? in any case i do not like kyc at all, there are other important exchanges that do not require it at all, binance for classic exchanges, forkdelta decentralized ok are not hybrids and have no fiat but the competition i think will be very high...

ParRus

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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?

Most likely, KYC will be need for whose, who want lifting of the limit on withdrawal. Local KYC for certain tokens, I don't think that this is possible - it is very difficult.

the_donald

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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?

SixFigures

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Quote from: loup on October 06, 2018, 04:12:10 AM

Quote from: SixFigures on October 06, 2018, 03:07:24 AM

Quote from: viljy on October 05, 2018, 06:39:59 AM

Quote from: lobat999 on October 05, 2018, 06:13:03 AM

Quote from: SixFigures on October 05, 2018, 02:23:00 AM

Quote from: masterman on October 04, 2018, 10:14:52 AM

Quote from: SixFigures on October 04, 2018, 03:40:20 AM

Quote from: masterman on October 03, 2018, 10:53:54 AM

Quote from: Genzel on October 03, 2018, 02:45:20 AM

How many employees are there in your Company?

Hi, we have currently 18 employees. You can check them out on our website when you scroll down to 'Team' section.

Do you actually need so many employees at this point or is it mostly about the customer support and you have a lot of people from different countries with different languages? How many are working on critical things like security/coding?

There are 12 employees working on security and coding. Other employees are responsible for public outreach, partners relations, content creation, design, sales, community engagement, as well as customer support.

That's a good number of people working on the most relevant aspect of this project. Hope you can make some great progress.

With regards to development progress, can you tell us the percentage status of its completion? Is it already more 50 percent complete?

If we evaluate the roadmap, then there is still a year to full functioning. So now the work has been done at best by 30%. The exchange is not even in the beta version yet, since the trades do not function.

So if you estimate to still take a year to complete it, I guess it would be safer to assume that it takes 18 months. There are always surprises in software development, and they tend to be overall negative.

I guess they have taken into account the possible problems that can happen during th development to estimate that dates.

If you read my comment thoroughly you would have noticed that I was talking about so called surprises in software development, meaning incidents which can't easily be anticipated.

Felipeo

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Quote from: o48o on October 07, 2018, 12:09:38 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?

It doesn't have to be an anonymous, or even pseudonymous to be decentralized. Imho is enough if you own your own private key.

Totally agree. We need more fiat transactions in decentralized exchanges. I dont think there is any decentralized exchange working right now which has good volume. Ternion may revolutionize the market.

o48o

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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?

It doesn't have to be an anonymous, or even pseudonymous to be decentralized. Imho is enough if you own your own private key.

LastHiT

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Quote from: Nemonemo on October 06, 2018, 01:14:39 PM

Quote from: levyashin on October 06, 2018, 06:34:11 AM

Quote from: SEELE^^01 on October 04, 2018, 02:40:44 PM

yet another exchange is popping up from the dark Oo"

how many exchanges does the cryptocommunity need???

I have the same worry about the exchange market. Also, now it is harder to hold onto the market.

For take some good share on the market, you need to make something very good comparing to other ones. I hope ternion can do.

It can be said that ternion is a great hope for all of us,
and of course I hope that this ternion can take a good part in the market,
the most important thing is we must continue to support this ternion so that in the future it can develop and succeed

Indeed, and I think its most important feature which is the crypto - fiat gateway once implemented, would be the driving force of this project to success!

sge99

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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 .

belechau

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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

zgrdyg

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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?

That's really controversial from this point of view, i don't like kyc or aml procedures while everyone is mentioning anonimity, decentralization or other concepts of crypto currency.

Rigorous

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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?

wissy

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Quote from: lvsca on October 07, 2018, 09:59:19 AM

Quote from: mandibleclaw on October 07, 2018, 08:46:39 AM

Nowadays UI/UX is the most important thing, then you have fees, then you need some incentive program, like Kucoin's referral program or Bibox's token rewards. That's what it's important is you want to open a new exchange

unique offer will attract more traders. there are some exchange that not charge fee for trading. trading contest is a great offer to.

Some exchanges also give some sort of dividends to their token holders. Loyalty and incentive programs like that make all the difference.

lvsca

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Quote from: mandibleclaw on October 07, 2018, 08:46:39 AM

Nowadays UI/UX is the most important thing, then you have fees, then you need some incentive program, like Kucoin's referral program or Bibox's token rewards. That's what it's important is you want to open a new exchange

unique offer will attract more traders. there are some exchange that not charge fee for trading. trading contest is a great offer to.

mandibleclaw

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Nowadays UI/UX is the most important thing, then you have fees, then you need some incentive program, like Kucoin's referral program or Bibox's token rewards. That's what it's important is you want to open a new exchange

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