Ternio, an encryption project aimed at "becoming a better ethereum version", has announced that it will destroy 10% of its tokens and move to Ethereum

On June 25, the team behind Ternio (TERN), a cryptocurrency project, decided to destroy 100 million TerNs in Stellar (10%) and transfer those tokens to the Ethereum blockchain. According to the team, this action was driven by the community questioning why the project didn't have ERC-20 tokens, which led the team to destroy some of the Stellar tokens and move to Ethereum.

Existing users do not have to panic or take any action, the team said, adding that the physical CARD will still work. Ternio also recently partnered with Origin Protocol, which allows users to make payments using multiple tokens. Ternio is understood to have raised more than $1 million in funding from RsROS earlier this month.

It is understood that Ternio developed the blockchain said为 Lexicon，Lexicon 最初是 Hyperledger Fabric（IBM）的分支，随后独立，构建自己的区块链。团队称其是世界上唯一可以处理每秒超过 1,000,000 次交易的第三方验证区块链，「目标是成为更好的以太坊版本」， 通过向企业客户提供白标签产品，Ternio 将区块链和加密货币的使用推进到日常生活中。 

Since the team's cryptographic expert is actually a founding member of the Stellar blockchain, this confirms that the project is based on Stellar.Judging from the present situation, the project shows signs of moving forward.

The original link: https://newslogical.com/ternio-is-moving-some-of-its-stellar-based-tokens-to-ethereum-shortly-after-raising-1-million-in-equity/

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