Review Ternoa (CAPS) – The first NFT-based decentralized data transmission blockchain project

May 5, 2022 - Around 5 mins mins to read

The polkadot ecosystem is gradually expanding with many projects in different fields. Ternoa is the first blockchain dedicated to the transmission of data over NFT using Polkadot Substrate technology. CAPS is the main token of the project, a project that works on decentralized data transmission over NFT.

What is Ternoa?

Ternoa is the first blockchain dedicated to the transmission of data over NFT using Polkadot Substrate technology. The project’s goal is to be the most prominent decentralized storage network for NFT products.

Project allows you to create time capsules from your smartphone and easily with pictures, videos or messages. Each time capsule is encrypted and stored decentralized on the project blockchain for the purpose of transferring it to the beneficiaries.

Outstanding features

What is the project trying to achieve?

Fast, reliable, and efficient: Blockchain has been designed for minting NFts, providing a resilient and scalable infrastructure for users.
Carbon neutral: Ternoa is built on a substrate and uses Nominated proof of stake (NPoS), ensuring NFTs have the lowest possible carbon impact.
Data Security: State-of-the-art technology combines Trusted Execution Environments (TEEs) with blockchain to encrypt metadata.
Useful NFTs: Developing an ecosystem of open source tools offering a unique user experience to help the adoption of NFTs within day-to-day lives.

What is unique selling point?

The development of the Blockchain is led by 3 main principles:

A Blockchain infrastructure loyal to the essence of the technology: open-source, decentralized, and democratic;
A service that is accessible and usable by the general public by focusing on user experiences optimized around everyday man-machine interfaces: web and mobile applications.
A business model of the native token of the Ternoa Blockchain offers token holders a clear, fair, and directly correlated value creation trajectory to the success of the project.

These principles are implemented thanks to: The Blockchain Ternoa which allows the secure storage and transmission of data. A Software Development Kit (SDK) to facilitate the development of mobile or Web applications making the Blockchain Ternoa accessible to all use cases.

These two technological layers, developed by Capsule Corp. are compatible and interact with the Web infrastructure known today.

The highlight of Ternoa is the implementation of the Ternoa Chain, which will include 5 internal protocols:

The Safe Protocol: Used to store data on the Ternoa blockchain in the most basic way.
The D-Day Protocol: Used to transmit data on a predetermined day and can only be unlocked on that day.
The Consent Protocol: Used to allow recipients to access data after a period of time, as long as they are not vetoed by the sender.
The Death Protocol: Data is transferred and unlocked after the sender has passed away.
The Countdown Protocol: Data will be transferred based on the countdown time.

Roadmap

Technical data

Key metrics

Token Name: Ternoa
Ticker: CAPS
Blockchain: Ethereum
Token Standard: ERC-20
Contract: 0x03be5c903c727ee2c8c4e9bc0acc860cca4715e2
Token type: Utility
Total Supply: 2,500,000,000 CAPS
Circulating Supply: 442,785,584.19 CAPS

Token allocation

Token release schedule

Token use case

Governance: Use your CAPS to vote on the future of Ternoa, and play a role in the development and expansion of the blockchain.
Network Security: Validators and nominators help secure the network by pledging CAPS.
Staking & Rewards: CAPS rewards are distributed to validators, nominators and secret notes

Token sale

Ticker: CAPS
Token type: POLKADOT
ICO Token Price: 1 CAPS = 0.008 USD
Fundraising Goal: TOKEN
Total Tokens: 2,500,000,000
Available for Token Sale: 26%
Min/Max Personal Cap: 725 / 725

More information at: CLICK HERE

How to own the token?

Currently, it is possible to trade CAPS tokens on exchanges such as: Uniswap, Gate.io, AscendEX (Bitmax), PancakeSwap, Hoo, Hotbit, DODO, …

Markets and Community

Market

Polkadot is a crypto project launched in 2020 to provide many solutions for the financial space. This protocol provides opportunities for cross-chain transfers of data while offering Defi and part chain solutions.

Natively, this platform has a coin named Dot, which has benefited many investors since its launch. Launched at an ICO price of merely $0.29, Polkadot has grown by over 9900% in value. The excellent performance of the token in markets has always brought more investors.

Community

Ternoa has crossed the mark of 133,000 Followers on Twitter

Backers

Team/ Founders

Advisors

Partners

Verdict

Thus, pioneering the first blockchain dedicated to the transmission of data over NFT using Polkadot’s Substrate technology. Project Ternoa is solving a real-life pain point of critical data security. In addition, this project is also built and developed by a talented and enthusiastic team.

Find more information about Ternoa:

Website: https://www.ternoa.com/

Whitepaper: https://github.com/capsule-corp-ternoa/white-paper/blob/main/white-paper-en.md

Twitter: https://twitter.com/ternoa_

Telegram: https://t.me/ternoa

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.

Elise

Coincu Ventures

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