Two new exchange listings 📈+ Our first rolling close 💲
Hi Everyone! I have a brief update for this week.
Two New Exchanges! - BitMart and WhiteBit
Over the last month or two I have received questions from the Republic community on when TERN (the digital asset used on BlockCard) will be on more exchanges. I want to stress that while more exchanges are not necessary for our product to function, increased liquidity is something that many cryptocurrency holders + republic investors like to see.
I do however see value in exchanges as a way to acquire new users and bring them into Ternio's ecosystem. Other users on Bitmart or WhiteBit can potentially see TERN, do their own research on its use case, and then signup for BlockCard. This enables us to grow the TERN ecosystem and educate more people on the benefits of BlockCard.
With that goal in mind we’re happy to announce that BitMart + WhiteBit have now enabled people to buy TERN on their exchange. The following trading pairs will be available: TERN/BTC, TERN/ETH, and TERN/PAX.
These listings do not fundamentally change anything with how BlockCard functions, however it should give peace of mind to those Republic investors who were looking for increased liquidity. I'm also optimistic as to how our relationships with these exchanges will grow in the future in terms of 1) getting more users on BlockCard and 2) potentially giving those exchanges a white-label version of our debit card platform.
Our first rolling close!
We're about a 1/3rd of the way to our campaign goal so you may have noticed that on February 27th we took our first rolling close. Ternio receives approximately half of the locked funds to begin expanding and growing our team from that rolling close. We receive the remainder when our campaign ends in about 2 months.
I'm happy to share that we have used those funds to bring on two new employees that will help Ternio continue to grow - both on the development and solutions engineering side. Both new team members are already hard at work with on-boarding our existing partners and developing new features. 😀 I'm very optimistic as to what the next 60 days hold in store!
That's it for now! Thank you everyone for your continued support.