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

[bitcoinbulk]

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.

[jonnytracker]

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

[loup]

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.

[Rigorous]

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).

[lvsca]

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

[iad_xo]

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.

[jonnytracker]

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

[o48o]

What i am loving is that this is Estonian project, because that's very crypto-friendly country that was planning to make their own national cryptocurrency.

[ParRus]

What i am loving is that this is Estonian project, because that's very crypto-friendly country that was planning to make their own national cryptocurrency.

You are right, in this country there is a favorable situation for progress, as far as I know in Europe not will be able to ban exchange without good reasons, as it can do in Asia.

[aveon]

What i am loving is that this is Estonian project, because that's very crypto-friendly country that was planning to make their own national cryptocurrency.

You are right, in this country there is a favorable situation for progress, as far as I know in Europe not will be able to ban exchange without good reasons, as it can do in Asia.

That is  the governmental matter and depends fully on it and national legislation. Theoretically, any state can ban crypto...

[matjas]

I would like to know, where can I get some information about the result/progress of the ICO?

On the official website you can see the token sale progress. Currently it says that more than $1,7 mil was collected.

[matjas]

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.

Glad you've pointed that out with regards to transaction fee and withdrawal fee because some exchanges have very high fees and maybe they could find a resolution to such issues thereby lowering those aforementioned fees.

You can see their fees in the whitepaper (p. 10-11). The fees look kinda ok, I just don't know what assessment fees are.

[the_donald]

I would like to know, where can I get some information about the result/progress of the ICO?

On the official website you can see the token sale progress. Currently it says that more than $1,7 mil was collected.

this is very encouraging considering the market we're in. I don't remember the last time I saw an ICO do this good.

[belechau]

I believe that the values collected are only a start, considering that the project is only in the initial phase and is very solid, the next stages should still make it possible to reach and pass SoftCap more easily

[MattLeBlanc]

I believe that the values collected are only a start, considering that the project is only in the initial phase and is very solid, the next stages should still make it possible to reach and pass SoftCap more easily

I have positive vibes about Ternion and the values of the founders and team is appreciable right now and hopefully it will reach the soft cap soon so that we will see it getting real. We may see a bull run anytime soon now and with that investments flow in to altcoin market.

[zgrdyg]

What i am loving is that this is Estonian project, because that's very crypto-friendly country that was planning to make their own national cryptocurrency.

Estonia is trying become a hub for tech startups, lots of my friends moved over there for this reason. Also Estonia supports crypto currency as a country.

[masterman]

I would like to know, where can I get some information about the result/progress of the ICO?

Hi, you can check our website: https://ternion.io for the token sale progress

[mandibleclaw]

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).

Well, fake buy and sell walls plus wash trading are a thing in decentralized exchange too. I see only a couple exchanges where you can't do that, Bancor and Flip.me (I don't know BarterDEX since i never used it)

[iad_xo]

is ternion is going to use block chain for all transaction or going to offload orderbook? most decentralize exchange try to do everything on chain at the cost of seed of transactions. We need faster transaction with low cost to attract main stream investors.

[mandibleclaw]

off chain order books like IDEX is a good trade off, until someone build a decentralized exchange on a faster platform. And btw you need to sign with your address when you put tokens on IDEX's order books