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Ratings Ternion

Hybrid Crypto Exchange With A Fiat Gateway

We, as a team, are constantly trying to be ahead of the market. Pushing our boundries in order to achive what everyone else is only trying to. By putting trust into us, you form the future where we will stand all together tomorrow. You can get the first experience of the exchange platform here and see how the first version will look. Not only the exchange is comfortable for the institutional players, but it’s convenient and easy for any of the retail investors, as it comes with a mobile platform app and a web application. For the purposes of transparency and reliability, Ternion will undergo yearly audits to keep the public in the loop about future advancements. We know that decentralized digital finance is the future, but we also understand the unavoidable connection and value that traditional finance taught us, the knowledge which we are implementing into the cryptocurrency space today.

3.6
22 21 expert ratings
Benchy 4.0
KYC
Experts
3.4
3.8
3.4
Review: download now PRO
Ended
Token
TRN
Type
Price in ICO
3.2300 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
China, Singapore, USA
preICO start
29th Jun 2018
preICO end
30th Sep 2018
ICO start
1st Oct 2018
ICO end
11th Feb 2019
Visit ICO website
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Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Igor Karavaev
Blockchain Enthusiast
Rated on Jul 18, 2018
Modified on Jul 18, 2018
2
2
2
6%

Founder and CEO (according to his linkedin profile) works as account manager in Exante Limited. ??? Before he was an analyst and graduated from the university 3 years ago. Is this a new Vitalik Buterin to create "the digital reserve currency"? The WP also does not look impressive - no competitive analysis, financials and business planning

+9Agree
-16
-25Disagree
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Valeria CealicICO team member replied on 23 Jul 2018
Dear Mr. Karavaev,

We appreciate your remarks regarding out whitepaper. We are always eager to receive feedback and improve our product and its presentation. During the weekend, we have worked hard to implement a few additions to our Whitepaper. Please note that you can find a comprehensive competitive analysis in sections 3.2, 5.2 and 5.3. Financials and business planning can be found in chapter 6 and section 5.3. Here is a link to our whitepaper: https://ternion.io/TernionWhitepaper_en.pdf.
Please, don’t hesitate to contact us if you require any additional information or willing to provide additional feedback.

Best regards,
Ternion Team
Clemen Chiang
Ph.D. | CEO | FinTech in Stocks | Blockchain in Cryptos | Author of Amazon Best Sellers in Online Trading
Rated on Jul 31, 2018
3
3
3
6%

"The Ternion Exchange is a regulated, licensed and centralized entity which allows crypto to crypto, fiat to crypto and crypto to fiat trading."

Which country are you regulated under? Which license did you obtain?

+6Agree
+2
-4Disagree
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Valeria CealicICO team member replied on 9 Aug 2018
Hello Clemen,

Ternion Exchange is regulated by the Republic of Estonia, Ministry of Economic Affairs and Communications. The license number is: № FVR000209 № FRK000174
Here are the links:
https://mtr.mkm.ee/taotluse_tulemus/487909
https://mtr.mkm.ee/taotluse_tulemus/487917
Jeremy Khoo
Group CEO | Blockchain Entrepreneur |Fund Partner | Exchange Founder | Singapore
Rated on Aug 3, 2018
4
4
4
6%

I'm typically supportive of exchange projects which introduces fiat on/off ramp. Fitting in audits and transparency matrics from day 1 is a healthy sign (albeit they do have to execute of course).

+7Agree
+3
-4Disagree
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Valeria CealicICO team member replied on 6 Sep 2018
Thank you for your feedback. Starting from the right foot is exactly our strategy.
Ong Jun Hao
Founder Of BlockConnectors.io (Top Blockchain Advisory Firm In Asia) | Consulted 20+ ICOs | Marketing Expert
Rated on Aug 23, 2018
3
4
3
6%

Main question I would ask is, why would people pick Ternion over Binance or Huobi. If I can get a clear answer on it, I will revise my rating.

This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.

+6Agree
+2
-4Disagree
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Valeria CealicICO team member replied on 23 Aug 2018
Thank You for Your review!
We are more than happy to answer this question.

Binance and Huobi focus on Crypto-Crypto trading.

Where as our focus is on Crypto to Fiat and Leverage trading.
In addition as we have come across by, many people would like to have a payment system time of feature where they can spend their cryptos via debit cards.

In addition the technological set up of switching on to Binance or Huobi is more difficult rather than with our Protocol ( Using FIX engine protocol over Websocket API).

And finally We can not say that people would use Huobi or Binance over Ternion, instead we aimed exactly in adding value to the market that are less developed and have less competition ( and are harder) which are Fiat and Margin trading.

Thank You, and we will gladly answer any questions and show every aspect that You would be interested in seeing.
Nathan Christian
Blockchain Technology Consultant
Rated on Nov 21, 2018
Modified on Nov 21, 2018
4
3
4
6%

I like the team and project overall, however I don't see where this project stands out enough against competition in its current state. MVP is live.


Ratings are that of opinion and not to be financial advice of any kind and in no way should be considered endorsement of any project. Please, do your own due diligence on anything you invest in!

+1Agree
0
-1Disagree
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Valeria CealicICO team member replied on 26 Nov 2018
Thank you for your ranking, Nathan!
Miruna-Maura Barbulescu
Entrepreneur, Author, Journalist, Trainer, Influencer, Crypto Expert, Twitch Streamer and Marketing Specialist.
Rated on Oct 12, 2018
3
5
5
5%

They already have an MVP, their vision is good and team seems determined, but I recommend you to enhance your team for the further development of the project.
Good luck and hope to see your product on the market soon!

+1Agree
0
-1Disagree
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Valeria CealicICO team member replied on 18 Oct 2018
Dear Miruna,

Thank you for your feedback. We are planning to expand our team soon and keep moving forward towards our goals.
Nozomu Nakazato
Blockchain consultant
Rated on Aug 11, 2018
Modified on Sep 13, 2018
4
5
5
5%

The team is so-so and MVP is beautiful.
But the market is saturated. In fact, this project is very similar to BNB.
I would like to support this project, but the project has to challenge the problem of this industry.
In other words, how do you do new exploitation rather than keeping the same pie?
It is not clear enough in the white paper marketing item.

*I discussed with the team and I improved my evaluation as I noticed that I missed an important differentiation point called Margin.

+26Agree
+25
-1Disagree
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Valeria CealicICO team member replied on 14 Sep 2018
Thank you! We are glad that we could explain better the idea behind Ternion.
Paul Cliffe
ICO advisor|Crypto-asset and ICO investor| Libertarian|CEO of Block Venture Project
Rated on Jul 25, 2018
3
3
2
5%

Team - a little inexperienced for C-suite in core team, some good experience for coverage in the advisors. Needs more focus towards the payments solution they are looking to implement.

Vision - there needs to be a greater focus on who they are targeting in their strategy. 'Institutional investors' is a very broad term - where are they targeting, can the exchange handle the amount of TPS that institutions may invoke? More clarity around this point is needed for full marks.
The idea is simple but could be very effective if executed properly. Again, more focus on the payment system implementation is needed also.

Product - Link for app led me to MetaTrader 5 app. Using the address the team had previously replied with to other reviewers didn't work either. Frustrating. But the exchange implementation should be relatively easy, it's been done many times before, as with the payment solution. No MVP, so 2 at the moment.

I would have liked to have seen an MVP and also a solution to easily convert crypto-to-fiat-to-bank account quickly - whoever sorts this will be the biggest retail user exchange in the world within weeks.

Good luck to the team with the implementation of the project.

+7Agree
+7
Disagree
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Valeria CealicICO team member replied on 21 Aug 2018
Dear Paul,

Our MVP is the MT5 trading platform that you saw. Our TPS is 450000 currently.
Our exchange will be crypto to crypto and crypto to fiat and the full version will be available in the coming weeks.
Suzat Fernandes
CFO & Co-Founder
Rated on Aug 16, 2018
3
4
3
5%

Ternion is another exchange that is entered the already saturated market. The whitepaper needs to have a solid business model in place. The team can achieve significantly more by broadening the horizon of their knowledge. I would like to see this project become successful, though a lot of work is needed.

+7Agree
+7
Disagree
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Valeria CealicICO team member replied on 21 Aug 2018
Dear Suzat,

Thank you for your comments. We are working hard and always looking forward to improvements.
Paresh Masani
Engineer
Rated on Sep 24, 2018
3
2
2
5%

Team could be better with more experienced and domain experts!
Whitepaper is okay - don't see anything new or innovative! All their offerings are already available from many exchanges - Analysis and comparison done with existing fees structure but I am not convinced that makes this strong project!
MVP seems to be "Metatrader" App but it has not been mentioned anywhere in the whitepaper or on website anywhere! I am not sure if it is related.

+4Agree
+2
-2Disagree
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Valeria CealicICO team member replied on 9 Oct 2018
Dear Paresh,
Thank you for your feedback. Yes, our MVP is the Metatrader platform as we believe it is a good solution at the moment. However, in the future, if it will be needed, we will consider building our own platform.
Yaroslav Belkin
Ex Cointelegraph and NewsBTC Media Group | Founder and CEO at Belkin Marketing
Rated on Jul 20, 2018
2
3
2
4%

1) Whitepaper looks unfinished - misses half of information necessary, including but not limited to complex marketing strategy and competitive analysis.

2) Fail to see MVP, not even talking about Alpha.

3) Team raises lots of questions regarding their expertise and potential to execute this idea. Had a brief conversation with their Marketing and PR Lead only to find out a lack of respect for crypto community.

+2Agree
-19
-21Disagree
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Valeria CealicICO team member replied on 23 Jul 2018
Dear Mr. Belkin,

Thank you for your remarks. We always strive to make our product more accessible and suit the needs of the blockchain community.

Please note that during the weekends we have altered our whitepaper and added new information. You can find a competitive analysis in sections 3.2, 5.2 and 5.3. You can find our marketing strategy that is based on the above mentioned competitive analysis in sections 5.4 and 5.5. Here is a link to our whitepaper: https://ternion.io/TernionWhitepaper_en.pdf.

We are sorry to hear that you had trouble finding our MVP. Here is a link to it as well: https://ternion.io/#experience.

Don’t hesitate to contact us if you have any more inquiries or feedback you would like to leave.

Best regards,
Ternion Team
Kyon Yoshihara
Direct Marketing Manager,ICO produce
Rated on Sep 12, 2018
4
5
5
4%

This project has a wonderful MVP.
The plan seems to be similar to Binance, but I like the fact that I can trade Fiat and Margin as USP, and I like it very much.
The team is well built and basically follows the success model.
I think that this project is excellent.

+13Agree
+12
-1Disagree
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Valeria CealicICO team member replied on 12 Sep 2018
Thank you very much!
Dmitry Machikhin
IT entrepreneur and investor
Rated on Jul 22, 2018
4
5
4
4%

Some team members look like they are not 100% involved in this project
Website isnt 100% clear but I contacted with CEO to clarify some issues and now it's all good so they will change a lot in a couple of weeks.
Metatrade doesnt seems to me a good way but still there are some explanations of it

+20Agree
+17
-3Disagree
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Valeria CealicICO team member replied on 23 Jul 2018
Dear Mr. Machikhin,

Thank you for your feedback and reaching out to us. We are very glad that there are people like you who are the front runners of the fin-tech market, who are eager to communicate and help us to enhance the platform.

Best regards,
Ternion Team
Eleftherios Jerry Floros
ICO Advisor | Investor | Analyst | CEO - MoneyDrome Edge - London
Rated on Sep 6, 2018
4
5
3
4%

Ternion is an interesting project as it adds "fiat gateway" to its hybrid crypto exchange, however it is entering a very competitive and already oversaturated market that includes giants such as Huobi, Binance, Bitmex, Coinbase, OKEX, etc. That Ternion is already authorized and regulated by the Estonian government (Ministry of Economic affairs) is big plus-point as well as that they are targeting institutional investors adds to their competitive advantage. What is even more valuable, is that the Ternion team focusses on the UX of the platform, which is a great differentiator in crypto exchange space. Therefore, 5 stars for vision

The product is still early stage and rather underdeveloped, it will need some time to get up to standard and achieve the UX - as well as user-friendly UI - as envisaged by the Ternion team with great UX on the front-end and the technology running in the back-end of the platform. When clicking on the MVP, you are redirected to the Apple app store and you see MetaTrader 5 instead of a functional Ternion app (not that MetaTrader app is not good but it's not proprietary to or a native Ternion app)
Achieving critical mass, trading volume, liquidity and institutional adoption will be key to Ternion success and therefore challenging, hence a 3 star rating for product.

The Ternion team is rather thin at the C-level and the PR/marketing/communications dept is sufficiently staffed with experienced talent. PR/marketing lead Ms Valeria Cealic does a great effort to check ICObench ratings & reviews and clarify any comments or remarks which is very positive for potential investors and future customers. Having 2 CEOs - the lead CEO and his deputy CEO for the Bay Area - is unusual and strange to say the least but perhaps there's a good reason to get Silicon Valley VCs interested in the Ternion project or further development and deployment in the US market (there's no mention or clarification for this assumption anywhere in WP). I would have preferred to see a stronger C-level that includes an experienced COO as well as finance-seasoned CIO/CCO/CFO/CMO. The team receives a 4 star rating in view of the above.

Good luck to the Ternion team and its top advisors !

+2Agree
+1
-1Disagree
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Valeria CealicICO team member replied on 6 Sep 2018
Thank you for your feedback. We really apreciate that.
We understand that the industry is very competitive already. However, we see a lot of things that can be improved and that we can do better. Therefore, we are moving forward with our project.
Soon, we are launching the first version of our exchange with margin trading. By November, the full version of the exchange will be available.
Yuichiro Okazoe
Yuichiro Okazoe
Rated on Sep 13, 2018
Modified on Sep 13, 2018
5
5
4
4%

This project is strongly aware of the flow of money and the flow of tokens and is building a business model.
There will be some hurdles, but it will succeed if you proceed as planned.
─────────────────
このプロジェクトはお金の流れとトークンの流れを強く意識し、ビジネスモデルを構築しています。
いくつかのハードルは存在するでしょうが、計画通りに進んだ場合に成功するでしょう。

+9Agree
+8
-1Disagree
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Valeria CealicICO team member replied on 14 Sep 2018
Thank you! We are glad to hear that!
Liliana-Delia Trocan
Journalist, PR, Business Woman and Crypto Enthusiast
Rated on Nov 5, 2018
5
5
5
4%

They already have a working MVP. Their project is not one of its kind but their ability to connect and present their project to investors will make a difference.

+1Agree
+1
Disagree
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Valeria CealicICO team member replied on 7 Nov 2018
Thank you! We are doing our best to prove investors that we are worth it.
Rennie Sng
CEO-Founder of Crypto Valley Singapore
Rated on Feb 7, 2019
Modified on Feb 7, 2019
3
5
3
3%

Team KYC has passed. Cannot tell on the experience though. However, that is a good indicator. Wish there were more international team players though. I like the vision of Crypto to Fiat and Leverage trading, as a ex-banker. I foresee 2019 and beyond to have more complex trading options, leverage, derivatives, margin, etc, AND a fiat gateway is the transition for mass adoption. API connection to Meta Trader is a quick jumpstart and could solve most of the woes. Because of its complexity, I rate Ternion product at 3, until the MVP is tried and tested, USD 5mil should be more than sufficient. Ternion will have a uphill task trying to convert diehard fans of established exchanges, e.g., Binance and Huobi. But I think Ternion is a thought leader and not the same plane as traders who are professionals executors. Adding value and flexibility to the platform will definitely win new supporters. 2019 and beyond, we are still in the time of development. I think Ternion is heading in the right direction. It will only be a matter of time when the regulators accept crypto asset trading with all the options alongside the conventional trading platforms. I wrote and published my 2019 predictions in LinkedIn. We will see if this is the trend. A word of caution, 5 digit hardcap was tough to achieve in 2018. You will need to be transparent and justify the use of USD 30 mil.

Agree
0
Disagree
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Mohit Tater
Blockchain & ICO Advisor, Investor, Serial Entrepreneur
Rated on Aug 5, 2018
3
3
2
2%

Yet another exchange. I think their target market is too broad and they need to niche down. The idea is not too novel but if executed well, can be successful.

Team could have been better though. Would love to see their MVP.

+4Agree
+3
-1Disagree
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Valeria CealicICO team member replied on 21 Aug 2018
Dear Mohit,

Thank you for your feedback. Our MVP is available here https://my.ternion.io/eng/downloads

The full version of our exchange will be available in the coming weeks.
Prabu Dass
Blockchain Project Manager and Advisor | Blockchain Enthusiast |
Rated on Sep 26, 2018
5
5
5
2%

Though it is yet another exchange platform I like the way that they combine the fiat currency with crypto.

The first version of their exchange platform which is already built looks promising and user friendly.

If the team could challenge all sort of security risks then they gonna rock.

Keep up the good work guys.

+1Agree
0
-1Disagree
Report
Valeria CealicICO team member replied on 9 Oct 2018
Thank you! We appreciate your support.
Anthony Manfre
Founder TOTS
Rated on Sep 21, 2018
Modified on Feb 19, 2019
2
3
2
1%

Disclaimer: Rating and or commentary provided represents my own personal view and is not to be relied upon as advice. I am not a financial advisor nor am I registered in any jurisdiction with any financial services regulator. I provide no recommendations that any offering should be bought, sold or held. Before making financial decisions please undertake your own due diligence and consult a financial advisor.

+3Agree
+3
Disagree
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Marin le Corre
Financial adviser - Investor - Former Merrill Lynch Vice-President
Rated on Sep 23, 2018
Modified on Sep 23, 2018
3
2
4
1%

I respect your courage as entrepreneur looking to launch another platform in such market! Going after the institutional market is very challenging as first you will have to convince them to trade BTC / ETH vs Fiat in a bear market!

As well you need a more experienced team at C-level and with financial background.

Finally, you have to consider that you will compete against giants which can cut transaction cost brutally if they lose market share.

A serious challenge but anyhow good luck with your project.

+1Agree
+1
Disagree
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Valeria CealicICO team member replied on 9 Oct 2018
Thank you very much. Competing against giants is not an easy task, but we are doing our best and keep moving towards our goal.
Benchy
ICO analyzer bot
4.0
13%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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