What is Ternoa (CAPS) | What is Ternoa token | What is CAPS token

What is Ternoa (CAPS) | What is Ternoa token | What is CAPS token

Ternoa (CAPS) project aims to erase the boundaries of time through time capsules. All over the world, we will be able to transmit, share and disseminate our art, our memories and our heritage thanks to Ternoa’s blockchain technology. Ternoa is a Substrate-based blockchain and aims to fit inside the Polkadot ecosystem and other decentralized storage blockchains. The blockchain is geared towards long term data storage, encryption and transmission based on different protocols, built on substrate. Our ecosystem already comprises dApps for Business-To-Consumer and Business-To-Business use cases. Ternoa’s technology will allow individuals and companies to transfer their data to their trusted ones and to the next generation thanks to the Ternoa protocols: personal messages, pictures, wallet seeds, health data, insurance data, … without any intermediary. In this article, we'll discuss What is Ternoa (CAPS) | What is Ternoa token | What is CAPS token?

In this article, we'll discuss information about the Ternoa project and CAPS token

The Ternoa project aims to erase the boundaries of time through time capsules. All over the world, we will be able to transmit, share and disseminate our art, our memories and our heritage thanks to Ternoa’s blockchain technology.

Ternoa is a Substrate-based blockchain and aims to fit inside the Polkadot ecosystem and other decentralized storage blockchains. The blockchain is geared towards long term data storage, encryption and transmission based on different protocols, built on substrate. Our ecosystem already comprises dApps for Business-To-Consumer and Business-To-Business use cases.

Ternoa’s technology will allow individuals and companies to transfer their data to their trusted ones and to the next generation thanks to the Ternoa protocols: personal messages, pictures, wallet seeds, health data, insurance data, … without any intermediary.

Mickaël Canu, CEO of Ternoa:

“The pain problem we wanted to address was the long term transmission of personal data without any intermediary as no viable digital solution exists, and the only “physical solutions” are intermediated, and accept limited personal data: safe in banks, notary offices, …

The challenge was to find the best way to store, encrypt, segment, and ensure transmission of data through a long period of time.

Our creative solution involves a specific blockchain network, a new way of using NFTs, and off-chain encryption keys stored in SGX enclaves paired with a network of decentralized storage blockchain.”

Partnerships

The Ternoa project has been able to attract and unite people thanks to its unique value proposition. Important investment funds support the project such as DFG Group, LVT Capital, Master Ventures, GD10, Waterdrip Capital, Morningstar, PAID, DAO Maker, ArkStream. Their international expertise and financial strength ensure exceptional development.

Ternoa has also received the support of key opinion leaders such as Hasheur the co-founder of deskoin and Just Mining, and Binance Influencer of the year 2020 for Europe, and from Mr Dominique Pon, the Pasteur Clinique Director and French Government delegate for Health Data, also head of the Eternesia Foundation.

Technical Overview

Ternoa’s main goal is to allow its users to transmit digital memories/valuables to families, friends or others.

These “memories” can include photos, videos, texts, wallet seeds, personal records and passwords wrapped as NFTs, or stored in our decentralized network only accessible by the NFT holder.

These “time capsules” NFT items may represent digital assets, videos or pictures; personal belongings or human memories; confidential information that only the owner of the NFT will have access to — all pin-pointed to a specific time of creation within our time capsule based on five different protocols which are:

1 — The Safe Protocol

Using this smart contract, it is possible to store data in a decentralized manner through the Ternoa blockchain, and to consult and retrieve it at any time. This is a classic form of storage, combining the security and transparency inherent in Ternoa.

2 — The D-Day Protocol

This smart contract allows you to set the exact date for sending a capsule to a given recipient. The capsule therefore acts as a kind of digital safe, which can only be opened on a specific date.

3 — The Consent Protocol

By using this smart contract, the recipients have the right to request access to the time capsule after a given period and provided that the owner does not use their right of veto. If the creator does not oppose the sending of the capsule for a period that they have personally defined, the smart contract judges that the creator consents to the issuance of the capsule.

4 — The Death Protocol

With this smart contract, the time capsule is issued upon the death of its creator. To operate under the best conditions, this protocol is based on the programming interfaces (API) of local death registers. Initially, this protocol will only be available in certain eligible countries.

5 — The Countdown Protocol

As its name suggests, this smart contract allows you to activate a countdown before sending a capsule. When this ends, the capsule is immediately issued. If desired, the creator of the capsule can restart the countdown from the start, as many times as necessary.

Ternoa — How it works?

How it works ?

Ternoa’s chain is built atop Parity Substrate, and we plan for it to be a parachain or parathread on Polkadot. In order to protect the keys encrypting the data related to our Capsules (which are represented as NFTs), we are building an integration with Intel SGX Secure Enclaves technology.

All data is encrypted and segmented to be stored in our decentralized storage blockchain partners (Sia, Storj, Arweave expected for now). Even if the storage blockchains are public, we managed to encrypt the data that is stored — thus inviolable.

With Ternoa’s Secret NFT feature, our users can create NFTs that are linked to a set of encrypted data which only the owner of the NFT will be able to access. This is done in a totally decentralized and autonomous way without having to trust third parties. Similarly to the Capsules this builds atop Intel SGX and is generalizing this to all our users.

A Software Development Kit (SDK) is made available to developers worldwide, to help create decentralized applications relying upon our blockchain. Our infrastructure, protocols and Master Nodes network are made available to third party apps with long term storage and data transmission needs.

Use Cases

A dedicated structure and subsidiary, CAPSULE CORP. LABS is carrying out the development of dApps. CAPSULE CORP. LABS benefits from equity investors resources to achieve this goal.

We also rely on our advisor’s influence and our investor’s network. We handpicked our investors with the sole purpose to add value to our project

To date, two dApps are being developed:

  • Time Capsules : allowing users to send their personal data to close ones based on different protocols
  • SecretNFT Marketplace : allowing users to purchase and create SecretNFTs with CAPS. The SecretNFT is composed of two “media”, one in lower quality, with a different image, or with a watermark, that can be viewed by the public, and one with the highest and full quality that can only be seen by the owner of the NFT.

This opened up a lot of use cases in art, entertainment, legal tech, etc…

Some leads are under commercial development with Tier 1 corporate entities:

  • Luxury goods NFTs (contact established with a top tier French Couture brand)
  • Medical records long term storage, and Dominique Pon, our advisor, intends to develop Ternoa in hospitals throughout France enabling patients to gather their last wills/wishes for their close ones.
  • Music Industry — use of SecretNFTs for artist-fan relationship

Moreover, our seed round was only composed of non-crypto user’s, but Ternoa’s enthusiasts, professionals and individuals who candidly loved the use cases and wanted to use the Time Capsule dApp. We launched an alpha version of our “Time Capsule” app in November, and it was downloaded 10 000 times in less than 2 months.

Tokenomics

  • TOKEN : $CAPS
  • Total Supply: 2 500 000 000 CAPS (2,5 billions)
  • IDO Price (on Ignition and DAO Maker) : 0,008 $ / CAPS

The whole token distribution will be like this :

Ternoa CAPS Token distribution

CAPS Distribution graphic

CAPS Release graphic

CAPS Release graphic

To summarize, the CAPS token will be used to purchase and mint the NFT’s on Ternoa’s Blockchain, to purchase the storage capacity over time, and to pay the protocols and operation costs of masternodes.

A staking system will be launched after listing allowing CAPS holders to stake their token for a highly attractive APY rate. These CAPS will be either exchangeable with special NFT’s, or vested until the main net launch.

We use a Nominated Proof-Of-Stake, so nominators will be able to stake and delegate tokens to masternode validator’s operators in the consensus protocol, in exchange for a portion of the masternodes profits.

We also thought of a burning process, where the tokens of a compromised masternode will be seized from the corrupt Validator and one part of the CAPS allocation will be allocated to the Ternoa Foundation, and the other part will be burned.

For more details, please check our Whitepaper on Github.

How and Where to Buy CAPS ?

CAPS token is now live on the Ethereum mainnet. The token address for CAPS is 0x03be5c903c727ee2c8c4e9bc0acc860cca4715e2. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough ETH in your wallet to cover the transaction fees.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet

If you don't have a Metamask wallet, read this article and follow the steps

What is Metamask wallet | How to Create a wallet and Use

Transfer $ETH to your new Metamask wallet from your existing wallet

Next step

Connect Metamask wallet to Uniswap Decentralized Exchange and Buy, Swap CAPS token

Contract: 0x03be5c903c727ee2c8c4e9bc0acc860cca4715e2

Read more: What is Uniswap | Beginner's Guide on How to Use Uniswap

The top exchange for trading in CAPS token is currently Uniswap (V2), Gate.io and Bilaxy

Find more information CAPS

WebsiteExplorerWhitepaperSource CodeSocial ChannelSocial Channel 2Social Channel 3Message BoardMessage Board 2DocumentationCoinmarketcap

🔺DISCLAIMER: The Information in the post isn't financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

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What is Ternoa (CAPS) | What is Ternoa token | What is CAPS token

Ternoa (CAPS) is a blockchain geared towards long term data storage, encryption and transmission based on different protocols, built on substrate. its ecosystem already comprises dapps for b2c and b2b use cases. In this article, we'll discuss What is Ternoa (CAPS) | What is Ternoa token | What is CAPS token?

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