New Ternio Updates - Bitcoin.com Sponsorship, 153% Quarter over Quarter growth, New Hires, and More.
As you're all aware by now - Ternio sold out our raise on Republic! We have been going through the finalization process with Republic and should have access to all raised funds in the very near future. Congrats to those of you who were able to make it into our campaign after being on the waitlist. I have a lot to share in this update, so I'll get right to it!
BlockCard Sponsors Bitcoin.com
We are looking to rapidly grow our user footprint and have partnered with Bitcoin.com to help spread the word on BlockCard! You may have seen the recent article - The Best Crypto Debit Card - BlockCard or that we're the new lead sponsor of the Bitcoin Podcast. We have a number of different marketing initiatives happening right now that will help accelerate our growth in the coming weeks!
We Announced Our Raise
This past week we put out a press release on our Republic campaign which was picked up on numerous channels including Yahoo Finance, MarketWatch, AP, and many other tier 1 publications. The CEO of Republic was kind of enough to share a quote for it as well!
Chuck Pettid, CEO, Republic Crowdfunding Portal, said, "The crowd loved the idea of cryptocurrency having real-world products and it showed. Ternio's campaign was one of the best we ever had from a total dollars raised and investor engagement perspective."
We have been testing the Bank Account functionality for the last month and things have been going great. We plan to open up the Bank Account functionality with the "Buy/Sell Crypto" option for US users after the July 4th holiday. We're spending a little extra time testing, because we want to ensure we get it right. Once we know things are working well for US users, we then plan to open it up internationally. It's a very exciting time to launch these brand new feature(s).
Everyone who was able to invest in Ternio will be receiving an email in the coming weeks to setup their Investor Dashboard. This will be a dashboard that allows you to manage your investment as well as stay up to date on all the latest news and happenings with Ternio. You will receive the email from @ternio.io so please make sure you have it whitelisted with your email provider.
Q1 vs Q2 Revenue up 153%
Our Q2 revenues were up 153% over Q1! It's a very exciting time and we hope to see that continue and accelerate more into the future. We are seeing an uptick overall in terms of awareness from consumers (using BlockCard), but also on the B2B side.
Migrating TERN from Stellar to Ethereum
Since starting Ternio we have regularly been asked about why the TERN token was not available as an ERC-20 option. Ethereum is the second largest blockchain platform so there was a vast network of crypto users that we weren't tapping into. To make BlockCard more accessible for all, we burned 100M TERN from the Stellar blockchain and made it available on Ethereum - enabling for better cross chain availability. We have seen a number of people come over from the Ethereum community to start using BlockCard. You can read more in the blog post below.
One of Ternio's investors (Angel) is a boxing referee and asked if he could help spread the word about Ternio during his televised fights. We love the idea of our investors taking an active approach in helping us grow and spread the word.
We created a unique patch that was sewn onto the back of his shirt and will be a constant reminder to anyone watching the fight that they need to check out BlockCard!
If any other investors want to help promote Ternio or BlockCard, please don't hesitate to contact me.
Thank you Angel!
You may have come across Snowball Money who are also currently fundraising via republic. Snowball offers a high-interest account that pays superior interest rates via decentralized finance and since we are exploring a partnership, Snowball is offering the Ternio family first access to the Snowball App skipping the 220,000+ waitlist as a bonus.
You can follow or invest in their campaign --> www.republic.co/snowball-money.
No partnerships have been signed yet between Ternio and Snowball, but I wanted to put it on everyone's radar as a company to watch and research!
We have made a number of new hires, including support on the marketing, product and engineering side of the business. We are being mindful not to hire too quickly and ensure we find the right people who are talented and cultural fit for our company. There is not shortage of work to be done so if you know of anyone who could be a fit, please send them to https://careers.ternio.io/
There are lots of developments happening daily, so I'm doing my best to keep things concise and to the point. That's all I have for now! Stay tuned for more updates coming soon. 😎