Ternoa

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Discover Ternoa's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Ternoa?

Ternoa (CAPS) is a cryptocurrency that leverages blockchain technology to preserve memories and ensure their secure and private storage. It offers a unique benefit by allowing users to store important memories in temporal capsules, which can be sealed and passed on to future generations. The project combines distributed ledger and confidential computing technologies to provide decentralized yet private development environments for various applications.

How is Ternoa used?

Ternoa (CAPS) is the native cryptocurrency of the Ternoa blockchain, which is designed to provide a secure and private infrastructure for digital assets. The CAPS token is used in various ways within the Ternoa ecosystem:

  1. Transactions: CAPS is used to pay for transactions on the Ternoa blockchain, ensuring the secure and efficient transfer of digital assets.

  2. NFT Creation: CAPS is required for the creation and management of augmented NFTs, which are used to store memories, files, and other data within digital time capsules.

  3. Staking: Users can stake their CAPS tokens to participate in the validation process of the blockchain, earning rewards in the form of additional CAPS tokens.

  1. Governance: CAPS token holders have the ability to participate in the governance of the project, voting on proposals and shaping the future development of Ternoa.

  2. Economic Security: The finite supply of CAPS tokens makes it a deflationary asset, which can be used to provide economic security to the Ternoa network.

Overall, CAPS is the core token that powers the Ternoa ecosystem, enabling secure transactions, NFT creation, staking, governance, and economic security within the network.

How do I store Ternoa?

To store Ternoa (CAPS) tokens, you can use the Ternoa Wallet, which is available as a mobile application. This wallet allows you to manage your CAPS tokens, decrypt augmented NFTs, and access various features within the Ternoa ecosystem. Additionally, you can use other wallets like MyEtherWallet (MEW) to store and manage your CAPS tokens.

How to buy Ternoa?

To buy Ternoa (CAPS) tokens, follow these steps:

  1. Choose a Platform: Select a reliable cryptocurrency exchange or platform that supports Ternoa (CAPS) trading. Popular options include Bitget, Changelly, CoinEx, Bybit, and gate.io.

  2. Create an Account: Sign up for an account on the chosen platform. This typically involves providing an email address and verifying your identity with a government-issued document.

  3. Deposit Funds: Add funds to your account using a payment method accepted by the platform. Options may include bank transfers, credit or debit cards, Apple Pay, Google Pay, and cryptocurrencies like Bitcoin (BTC).

  1. Buy Ternoa (CAPS): Use your deposited funds to purchase Ternoa (CAPS) tokens. You can place a market order or a limit order, depending on your investment strategy.

  2. Store Your Tokens: Transfer your purchased CAPS tokens to a secure cryptocurrency wallet. You can use a software wallet (hot wallet) or a hardware wallet (cold wallet) for safe storage.

Additionally, you can also buy Ternoa (CAPS) from decentralized exchanges (DEX) like Uniswap. This involves setting up a Web3 wallet, transferring funds, and swapping tokens on the DEX.

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History of Ternoa

Ternoa (CAPS) is a multi-network and cross-layer protocol that leverages confidential computing technologies to enhance the security, privacy, and scalability of blockchain applications. The project was envisioned as a comprehensive protocol to enable new privacy and security use cases.

Ternoa's tech stack combines distributed ledger and confidential computing technologies to provide decentralized yet private development environments for next-generation applications. The project consists of three independent yet interconnected networks:

  1. Ternoa Chain: A WASM Layer 1 blockchain network built on Substrate, where developers can deploy smart contracts coded in various languages like Rust, C, C++, and TypeScript. This network has been live since April 2022.

  2. Ternoa Fortress: A decentralized TEE-powered coprocessor network, implemented as a key management system, which enables users to encrypt off-chain data with on-chain encryption keys. This network went live in September 2023.

  3. Ternoa zkEVM: A Layer 2 validium secured with TEE multi-proofs, offering a full EVM equivalent environment where developers can deploy solidity smart contracts. The mainnet for this network is planned for 2024.

Ternoa's unique approach focuses on preserving memories and passing them on to future generations. The project aims to provide a way to store important memories, seal them in time capsules, and ensure that descendants will receive them. This concept has the potential to become a lasting and significant part of the blockchain ecosystem.

Overall, Ternoa has been actively developing its multi-layer and multi-chain architecture since 2022, with a focus on delivering a comprehensive protocol that addresses privacy and security concerns in the blockchain space.

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How Ternoa works

Ternoa (CAPS) is a decentralized blockchain project designed to securely and privately transmit data over the long term. It uses blockchain technology to create a decentralized data transmission network, where users can store and send data using $CAPS tokens. These tokens are recorded on the blockchain, ensuring traceability and integrity.

Key Components
  • $CAPS Tokens: These tokens are the heart of the Ternoa ecosystem, used for transactions and ensuring the security of the network. They are stored in user wallets and can be used for various purposes such as governance, blockchain security, and stacking.

  • Wallets: Each user has a unique wallet where $CAPS tokens are stored. To protect their wallet, users have a unique recovery phrase, which acts like a key to unlock access to their tokens.

  • Recovery Phrase: This phrase is crucial for recovering assets in the Ternoa wallet if login details are lost or forgotten. It is recommended to store the recovery phrase securely, such as with Legapass, a service that uses military-grade encryption to protect data.

Functionality
  • NFTs: Ternoa is particularly focused on non-fungible tokens (NFTs), allowing users to store and manage NFTs securely. It supports advanced features like multiple ownership, sharing NFT features without transferring ownership, and using NFTs as collateral for lending.

  • Decentralized Apps (dApps): Ternoa offers an ecosystem of NFT-based dApps, including marketplaces, games, and tools for various industries like art, music, and metaverse applications.

  • Validators and Nominators: The network is supported by validators and nominators who are rewarded with $CAPS tokens for securing transactions and maintaining the blockchain.

Security and Privacy
  • Censorship Resistance: Ternoa's infrastructure is designed to be censorship-resistant, ensuring that data transmission and storage are secure and private.

  • Encryption: The network uses advanced encryption technologies like zero-knowledge proofs and trusted execution environments (TEEs) to protect user data and ensure verifiability.

  • Decentralized Network: Ternoa operates on a decentralized network, which means that data is stored and transmitted across multiple nodes, making it more secure and resilient.

Use Cases
  • Memory Preservation: Ternoa allows users to store and preserve memories, such as images, text, and sound, in a secure and private manner.

  • Digital Asset Management: The platform supports the management of digital assets, including NFTs, and provides features for inheritance and planned transfer of assets.

  • Gaming and Entertainment: Ternoa's ecosystem includes gaming and entertainment applications that utilize its secure and private data transmission capabilities.

Investment and Trading
  • Availability: $CAPS tokens are available on various exchanges, including Gate.io, and can be traded and invested in like other cryptocurrencies.

  • Deflationary Asset: $CAPS has a finite supply, making it a deflationary asset that can provide economic security to the network.

Overall, Ternoa (CAPS) offers a robust and secure platform for managing digital assets, preserving memories, and supporting a wide range of decentralized applications.

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Ternoa's strengths

The token Ternoa (CAPS) has several strengths that make it an attractive investment opportunity:

  1. NFT-Centric Blockchain: Ternoa is the first NFT-centric blockchain, focusing on the creation, storage, and management of non-fungible tokens (NFTs). This unique focus allows it to tap into the growing popularity of NFTs and their various applications.

  2. Advanced NFT Features: Ternoa's blockchain enables advanced NFT features such as multiple ownership, sharing of NFT features without transferring ownership, and the use of NFTs as collateral for lending. These features expand the possibilities for NFT usage and create new opportunities for users.

  3. Native Utility Tokens: Ternoa's native utility tokens do not require smart contracts or complex programming, making it easier for developers to build NFT-based decentralized applications (dApps) using high-level languages like JavaScript.

  1. Ecosystem of dApps: Ternoa supports a wide range of dApps across various sectors, including art, music, gaming, metaverse, and Web3 applications. This diverse ecosystem attracts a broad user base and increases the token's utility.

  2. Security and Governance: Ternoa's blockchain technology ensures secure data transmission and storage. Additionally, holders of $CAPS tokens have governance rights, allowing them to influence the project's future development through voting.

  3. Token Distribution and Vesting: Ternoa's token distribution and vesting schedule are well-structured, with clear timelines for unlocking and vesting periods. This transparency helps investors plan and optimize their investments.

  1. Wallet Security: Ternoa emphasizes the importance of wallet security, providing users with a unique recovery phrase to protect their assets. This focus on security helps build trust among investors and users.

These strengths position Ternoa (CAPS) as a promising token with a strong foundation for growth and adoption in the NFT and blockchain space.

Ternoa's risks

Ternoa (CAPS) carries financial risks associated with trading and investing in cryptocurrencies. Trading involves risk, which may result in the loss of capital. Additionally, Ternoa has been given a high risk score by InvestorsObserver, indicating that it is a relatively high-risk investment due to its potential for price manipulation and volatility.

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Did Ternoa raise funds?

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Ternoa’s team

  • Mickael Canu: CEO
  • Martin Oliviero: COO
  • Clément Tequi: CEO Labs
  • Prabhu: CTO
  • Immanuel: Blockchain Engineer
  • Mohsin: Software Engineer
  • Victor: Software Engineer
  • Soufiane: Site Reliability Engineer
  • Jenyfair: Software Engineer
  • Hamza: QA
  • Kaitlyn: Product Manager
  • Amin: Senior Security Engineer
  • Jérémy: Head of Financial Relationships
  • Clément: Head of Product Design
  • Naffy: Operations
  • Valentin: Business Developer
  • Noah: Angel
  • Kevin: Spanish LCR
  • Owen Simonin (Hasheur): Blockchain Evangelist (Advisor)
  • Sam: Advisor (8Decimals / Journal du Coin)
  • Baptiste Duhen: Cybersecurity Expert (Advisor)

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