Hi Everyone - You may recall from my last update that Ternio was invited to extend our campaign by Republic.  After some thought we decided it was the best course of action for the benefit of Ternio as well as our investors.   People have questions so let me get right to the details!

(apologies for the very long explanation!) 🤓

Why did we extend?

There are are a few reasons:

1. In recent weeks Ternio released a number of great product features including unlimited crypto back rewards, an overhaul on the BlockCard UI, and the ability to use crypto on BlockCard with Apple, Google, and Samsung Pay.   We saw a direct increase in investment activity each time a new product/feature was released.
2. Ternio has a number of new products and features that are set to be released in the very near future including FDIC insured checking accounts, buying & selling cryptocurrency, a native iOS and Android mobile app, and more.  Keeping with the same theme we don't want to miss out on future investment each time we release a new feature. 
3. Republic had a number of other startup campaigns that were all ending around a two-week period.  This means 20+ other startups were all competing for investment dollars within a very short time frame.  Investors were forced to decide which startup they could invest in and may not have the ability to place multiple investments (if capital was limited). 

What does this mean for you as Ternio investor?

In short, it means you get to watch Ternio continue to execute on our vision and increase your investment accordingly.   I'm a firm believe that "talk is cheap and execution is everything."  We have so many great things completed that lead to new investment, but so much more that is about to go live.   We don't want to close our campaign and then miss out on an investor who was just waiting for one of those features to launch.  Just a reminder on what's coming:

Completed since our campaign started:

• Redesign of BlockCard dashboard for better user experience ✅

• Release Apple/Google/Samsung pay support of BlockCard ✅

• Offer “Crypto Back” rewards at National Retailers when using the card ✅

Going live soon:

• Launch platform to on-board residents in 31 European countries 🔜

• Launch platform for “Global program” that reaches as many as 150 countries 🔜

• Offer a metal version of BlockCard physical debit card 🔜

• Release virtual checking account features paired with VISA card 🔜

• Open up “buy crypto” portal enabling users to purchase cryptocurrency 🔜

• Mobile app offering unique features not available on BlockCard mobile website 🔜

Coming later this year:

• Offer loans to users with BlockCard accounts, making it a full credit card 💳

Will we go the full length of time?

Our current "conclusion" of the campaign is July 15th, 2020.   However, based on the progress we have been seeing it is very possible we reach our maximum funding allotment before that date.  Unfortunately, if we do reach that, we will not be able to accept any additional investment on Republic this year.   My recommendation for anyone who hasn't contributed is to invest what you're comfortable with today, and you can potentially add more in the future if you decide.  As we continue to execute I believe investor confidence will only grow!

New Marketing Campaign

We are also planning a new marketing push to bring even more investors to Ternio - and ultimately people who will use our product.   With so much momentum behind us we want to use this to our advantage!   You may begin to see ads or press specifically around investment in Ternio.   

Ultimately, I'm very excited about what this means for Ternio as a company and all of you as investors and supporters.  Our future is very bright and our momentum in 2020 has already outpaced our expectations.  Thank you all again for your support and stay tuned for all the great things we have ahead! 😎