Launched in 2021, Ternoa is a Polkadot-based NFT blockchain. With Ternoa, users can store private data within NFTs and specify automated transfers of secret NFTs to other wallets. They can lend or share NFTs while retaining full rights and ownership, combine multiple NFTs into a new NFT, and even share NFT ownership through fractionalization. All of these features are native to the blockchain, providing an unparalleled experience for NFT enthusiasts.
Capsule Coin (CAPS) is the native coin of the Ternoa network. CAPS is used for all transactions on the Ternoa blockchain, including minting new NFTs, adding (collateralizing) data to an NFT, encrypting data attached to an NFT, and transferring NFTs.
The Ternoa Blockchain is based on NPoS (Nominated Proof of Stake), which is a variant of PoS ( Proof of Stake).
Validators and Nominators play complementary roles in securing the Ternoa Blockchain. Validators lock and participate in the development of transaction blocks and receive rewards for their work. Nominators select the right Validators to delegate their CAPS ( the native coin of Ternoa), and this creates a virtuous circle where Validators compete to provide the best performance for Nominators while Nominators provide the Validators with more locked CAPS. Validators who try to validate or produce erroneous information are sanctioned and lose their locked CAPS.
CAPS, the native coin of the Ternoa blockchain, is available on various exchanges. It has a total supply of 2,500,000,000, among which 651,975,678 are in circulation.
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