TeraBlock

TeraBlock

Machine Learning driven, personalized automated cryptocurrency portfolio trade automation to help easily manage your assets.

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DateInvestorsAmountRound
investor investor investor investor

€0.0

round

$2.9m

ICO
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD202120222023
Revenues000000000000
% growth-175 %-
EBITDA000000000000
Profit000000000000
EV000000000000
EV / revenue00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x
R&D budget000000000000

Source: Dealroom estimates

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More about TeraBlock
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TeraBlock is a financial services platform established in 2021 by Shivam Tandon, a serial entrepreneur with a background in engineering and cryptocurrency trading. The company was founded to simplify cryptocurrency for newcomers who found the market complex and difficult to navigate.

The firm operates as a decentralized, non-custodial platform, meaning users maintain complete control over their funds. It aims to serve as a comprehensive solution for individuals entering the Decentralized Finance (DeFi) space by integrating various tools into a single experience. The business model focuses on providing tools for users to buy, manage, and trade crypto assets. Revenue is generated through transaction fees, which can be minimized if users hold the platform's native TBC token. The company secured $2.4 million in a seed funding round in May 2021 from investors including AU21 Capital and Blocksync Ventures.

TeraBlock's core offering is a suite of trade automation tools that utilize machine learning. Users can purchase cryptocurrencies with debit or credit cards through a partnership with Binance, which also provides liquidity, security, and user management infrastructure. The platform features four predefined investment indices with varying risk profiles based on metrics like market capitalization and asset performance. For more experienced users, TeraBlock offers an automated portfolio trading tool that allows for the creation and backtesting of custom trading strategies. The platform also provides a fiat-to-crypto on-ramp, enabling users to buy crypto directly with traditional currency. In August 2021, TeraBlock abruptly halted its operations, citing a technical shutdown, which resulted in significant investor losses.

Keywords: crypto investment platform, DeFi solutions, machine learning trading, trade automation, crypto portfolio management, decentralized finance, Shivam Tandon, fiat-to-crypto, non-custodial wallet, crypto for beginners, automated trading, TBC token, Binance Cloud, cross-chain swap, crypto indices, portfolio backtesting, crypto asset management, digital asset exchange, blockchain finance, DeFi automation

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