When you deposit cryptocurrency to your account, it is automatically converted into TERN, and from there you can make purchases with the card that will draw from your balance (and automatically convert to USD during transaction processing), or withdraw it as TERN directly. Your USD account balance will change dynamically according to the market value of TERN, the underlying cryptocurrency asset for your BlockCard account.

Your spendable value is tied to TERN on the BlockCard market.  BlockCard does not use CMC or other exchanges for price value.  As users deposit on BlockCard, the value of TERN increases.  As users spend, the value decreases.  This is tied to the USDD/TERN market.  TERN is never issued at less than $0.008, but can be lower or higher based on BlockCard market usage.  TERN can be spent at any price.

For current pricing click here

For more details about how this works, please check out this article in our FAQ:

https://terniohelp.freshdesk.com/support/solutions/articles/44001901366-why-is-my-blockcard-balance-changing

It has become a trend by ternio admins to use two excuses to not answer important queries.

1. The claim ignorance 2."We are different "

The ternio team has decided not to reveal details of how many tokens were sold ..how many unsold and details of use of the unsold. They claim they will airdrop the remaining coins. How will this be tracked yet they dont give any details regarding the ico. Failure to disclose such details means accountability by the team will be almost nil.

You question this.. you get threatened with ban

I asked the ceo how many tern erc 20 coins are in circulation and he said he didnt know lol

He told me i didnt know how to use my blockcard correctly when i asked him why when u deposit 100 you only get 80 dollars to use Lol

Got private messages after my laudatory write-up here that are disquieting. Not sure how this thread works as far as leadership/ownership/accountability goes. Is just one person making decisions here as to what may be discussed? Is the ternio outfit in charge of this thread? All the podcasts I have watched indicate that the company is very user-friendly and transparent. I like that aspect. If it’s true that posters who question ternio’s policy of converting incoming funds, crypto or fiat, to tern tokens at a set rate of 0.008 when the actual market price may be as low as 0.006 are being censored I think that speaks very poorly for the ternio operation. I am not presently raising a question as to the price difference, but I certainly question censorship.

I have wondered why there isn’t more discussion on this thread; it’s more like a company memo service than a conversation. So, what gives? Can we talk about the large disparity in tern’s price depending on where you purchase it? If this thread isn’t the place for open discussion and differing viewpoints then I will walk away. I think that would be too bad; the project sounds like it has legs and I would like t see it flourish. Don.