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

[loup]

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)

The key will be to take the strong point of bouth exchanges, centralized and descentralized, not their weak points.

[Amelie Poulain]

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)

The key will be to take the strong point of bouth exchanges, centralized and descentralized, not their weak points.

If they can be the first to realize this idea, then the exchange will be popular. In this difficult time for crypto, people do not have the opportunity to invest, because their funds are frozen in other projects. I think there may be a flow of new investors through Fiat.

[bitcoin-shark]

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.

so if one buys token from the demo exchange for a value of 999 euros the kyc is not necessary? and any purchased tokens can be moved immediately to an own wallet?...

[o48o]

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).

Lot's of people are keeping exchanges as banks as no one wants to be responsible of their own keys. Being responsible of something you don't fully understand can be very scary for newbies especially. I mean just for copy pasting a private key could lead to losing it all.

[Trrrt]

Im impatient to see the demo of the platform, it’s relaly important for a project like ternion to have a good demo to motivate investors and bring confidence to the platform, especially for an exchange.

[aveon]

Im impatient to see the demo of the platform, it’s relaly important for a project like ternion to have a good demo to motivate investors and bring confidence to the platform, especially for an exchange.

Me too, I am eager to see even their alpha final product just to understand more how it's gonna be like.

[Dollar_Hunter]

Im impatient to see the demo of the platform, it’s relaly important for a project like ternion to have a good demo to motivate investors and bring confidence to the platform, especially for an exchange.

I myself also can't wait to see demo platforms like you,
but somehow we have to be patient to wait for him,
and the important thing is to keep following the progress of the project

[belechau]

Somehow, there will be integration between the site where we carry out KYC and all the more necessary, and the site of the exchange that will be launched? It would be something that would make it easier for more than half of users

[levyashin]

Im impatient to see the demo of the platform, it’s relaly important for a project like ternion to have a good demo to motivate investors and bring confidence to the platform, especially for an exchange.

Me too, I am eager to see even their alpha final product just to understand more how it's gonna be like.

There is a demo of the platform already.

Just check their website and download their app. And login with the info they provided.

[traveler007]

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

What mean hybrid exchange? They will have centralized and decentralized exchange in one? Or Hybrid exchange means trading crypto and fiat currencies?

[levyashin]

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

What mean hybrid exchange? They will have centralized and decentralized exchange in one? Or Hybrid exchange means trading crypto and fiat currencies?

From their website:

"The Ternion Exchange is a regulated, licensed and centralized entity which allows crypto to crypto, fiat to crypto and crypto to fiat trading.
In the post Token Sale stage the exchange will become hybrid. It will facilitate a decentralized exchange with a centralized one."

[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

What mean hybrid exchange? They will have centralized and decentralized exchange in one? Or Hybrid exchange means trading crypto and fiat currencies?

From their website:

"The Ternion Exchange is a regulated, licensed and centralized entity which allows crypto to crypto, fiat to crypto and crypto to fiat trading.
In the post Token Sale stage the exchange will become hybrid. It will facilitate a decentralized exchange with a centralized one."

in short text;
you will trade like trading in DEX with FIAT pair. faster execution than DEX.

[cevap]

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.

so if one buys token from the demo exchange for a value of 999 euros the kyc is not necessary? and any purchased tokens can be moved immediately to an own wallet?...

I believe that even if you buy tokens for 999,99 EUR the kyc won't be needed. Whatever is lower that 1000 EUR.

[masterman]

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

What mean hybrid exchange? They will have centralized and decentralized exchange in one? Or Hybrid exchange means trading crypto and fiat currencies?

From their website:

"The Ternion Exchange is a regulated, licensed and centralized entity which allows crypto to crypto, fiat to crypto and crypto to fiat trading.
In the post Token Sale stage the exchange will become hybrid. It will facilitate a decentralized exchange with a centralized one."

in short text;

Ternion will become hybrid, meaning that it will be both, a centralized and decentralized exchange.
you will trade like trading in DEX with FIAT pair. faster execution than DEX.

I understand that its like an all in one exchange, being able to process fiat- crypto trading and vice versa. But with regards to it becoming a hybrid, I cannot comprehend how they will implement it. Maybe the team could further explain about this.

[masterman]

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.

Yes, that's correct. Estonia has become a very crypto-friendly country.

[masterman]

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

You can find more information on our website here: https://ternion.io/ or by checking our telegram channel here: https://t.me/TernionOfficial
Stay tuned!

[bitcoinbulk]

Looking at the roadmap it shows that the Exchange Closed Beta will be before the end of the year. Is that still on track? Do you still anticipate the closed beta being available before 2019?

[omwibya]

Looking at the roadmap it shows that the Exchange Closed Beta will be before the end of the year. Is that still on track? Do you still anticipate the closed beta being available before 2019?

that would be great to see in my opinion. although the KYC always gives me pause.

[jonnytracker]

is Ternion better than shapeshift and changelly ? if it is international including ban country would be great

[loup]

Looking at the roadmap it shows that the Exchange Closed Beta will be before the end of the year. Is that still on track? Do you still anticipate the closed beta being available before 2019?

that would be great to see in my opinion. although the KYC always gives me pause.

Then we should have the Beta in a few months. It would be nice if they can confirm us this date.