Ternoa is a NFT-dedicated blockchain that has been designed to provide developers and users with the most efficient and secure experience when using NFT-driven dApps.
Ternoa introduces a number of innovative features for NFT enthusiasts. Users can securely store sensitive data within NFTs and program specific conditions to enable the automated transfer of confidential NFTs to designated wallets. Notably, individuals can choose to share or lend their NFTs while still maintaining complete ownership and authority over them. The platform even allows users to combine multiple NFTs to create entirely new ones, as well as the capability of shared NFT ownership via fractionalization. This is all done natively on the blockchain.
With Ternoa, anyone can start to build their NFT project without having to learn a whole new language. The streamlined platform has been designed to make the NFT creation process as efficient and easy-to-use as possible, while still providing the necessary security for users’ assets.
CAPS is the native utility token of the ecosystem. It is used for the creation of NFTs, encryption, and data storage over time. All transactions carried out on the Ternoa network is done using the CAPS coin.
Who Are The Founders of Ternoa (CAPS)?
There is limited information available about the team behind Ternoa (CAPS). It appears that the founders are keeping their identities anonymous.
What is Ternoa (CAPS) used for?
Users can use Ternoa to build and deploy Web3 projects without writing code. Some of what the platform can be used for include.
- Creation and transfer of tokens
Ternoa enables users to create native tokens on top of its blockchain as well as providing a solution for games (G Tokens) to ensure a smooth user experience. Also, NFTs can be transferred across various accounts on-chain.
- Minting NFTs
Users can mint NFTs as a stand-alone or part of a collection of NFTs. This feature can be used for digital collectibles, artwork, or non-fungible tokens with various utility functions. NFTs of similar attributes or functions can be grouped into on-chain collections with defined supply.
- Creation and management of collections
Users can create collections to group various NFTs for easier management and trading. The collections feature also enables users to define the supply, transfer rules, and other parameters of the collection.
- Lending and borrowing of NFTs
Individuals or entities can lend or borrow their NFTs on the Ternoa network with special conditions attached to them. This feature offers high flexibility for users to gain access to the resources they need without sacrificing ownership control of their assets.
- Fractional Ownership
Ternoa supports fractionalized NFTs, offering a new way for users to benefit from digital asset ownership. With this feature, multiple people can share in the ownership of any given NFT while still maintaining ownership control.
- Selling and purchasing NFTs through the marketplace.
The Ternoa marketplace offers users the option to buy and sell NFTs with other users. This provides a secure platform for transactions to take place without involving any third-party intermediaries.
- Creating and bidding on auctions
Users can create and bid on NFT auctions. This feature enables users to buy unique digital assets for a fraction of the original price.
- Creating SoulBound Tokens (SBTs)
Ternoa also supports the creation of SoulBound Tokens, which are a particular type of NFT, but they differ in one major way: they are designed to be transferred only once. SBTs could represent credentials and are linked to ‘souls’, a type of address that establishes a source.
How is Ternoa (CAPS) unique?
Ternoa is an NFT-dedicated blockchain that has been designed to provide developers and users with the most efficient and secure experience when using NFT-driven dApps.
Unlike other blockchains, Ternoa is specifically designed to support NFTs. This means that the platform has features and infrastructure in place that are tailored for NFT creation, storage, transfer, and trading.
The platform also offers an intuitive interface with easy-to-understand features that make it easier to create and interact with NFTs. Thanks to the Ternoa.js SDK, developers can quickly and easily get started creating their own unique NFTs without having to learn a new programming language.
Additionally, Ternoa operates with its native utility token, CAPS, which serves as the driving force behind all transactions within the ecosystem. CAPS is critical in lowering transaction fees and increasing transaction speed. To achieve consensus, Ternoa employs Nominated Proof-Of-Stake (NPoS), a consensus mechanism chosen for its capacity to enhance chain security and mitigate centralization, setting it apart from conventional Proof-of-Stake (PoS) systems.
Ternoa provides an ideal platform for individuals and organizations to create, share, store, and monetize their digital assets in a safe and secure environment. With its robust infrastructure and intuitive UI, Ternoa is aiming to be at the forefront of the NFT revolution.
How many Ternoa (CAPS) coins are in circulation?
Ternoa has a max supply of 2.5 billion CAP coins, with a circulating supply of 1.1 billion CAP coins. Its current market cap is $15,241,741 USD.
How is the Ternoa Network secured?
The Ternoa network is secured through its consensus algorithm, Nominated Proof-of-Stake (NPoS). This means that the system achieves consensus through a process of nominations and verifications. All validators or nodes on the network are randomly selected to submit their stake for nomination by other users. They then get part of the reward for confirming transactions on the network. This incentivizes users to submit valid transactions and secure the platform while avoiding centralization of power.
Ternoa also has an additional layer of security with its Sealed Secret Keys feature. This ensures that no user, including a central one, can access the NFT Encryption Key apart from the current owner. The encryption key (EncKey) of any given NFT can be wiped after each upload/download ensuring maximum security. For storage, Ternoa uses the Inter Planetary File System (IPFS) and Arweane, which are decentralized content-based storage systems.
How do I buy Ternoa (CAPS)?
The CAPS token can be used for a wide range of purposes, like staking, transfers, and governance.
It can be easily purchased by following the steps below:
- Open an account with the crypto trading platform.
- Transfer the specific amount of your fiat currency to your account.
- Wait for your deposit to be confirmed and buy CAPS through your trading account by swapping with BTC, ETH, or USDT pairs.
Which Cryptocurrency Wallet Supports Ternoa (CAPS)?
The PTPWallet platform supports many cryptocurrencies, with CAPS soon to be included. Because of its vast use case, PTPWallet has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. The platform offers a simple user interface, is supported by both Android and iOS devices, and comes with its own mobile wallet app.
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