So What Exactly Is Troy?
Troy Trade is a global prime broker specializing in Crypto trading and asset management. Products and services offered by Troy include spot and margin trading, derivatives, data, custody, lending and staking.
All of these services are offered in a single account, meaning you do not need to open separate accounts for unique services.
Prime brokerage is usually a term more commonly spoken of in the traditional finance world. It is a term used to describe a type of bundled service often offered by investment banks. It makes sense that these services will be more appealing to the investor that does not know much about Crypto, or simply wishes to entrust a third party to take on the custody of his or her assets.
According to their website, their leadership team has gathered experience from Credit Suisse, CITIC Group, Huobi, OKEX and MIT. Some relatively heavily weighted names in the Crypto space should usher in some level of accountability and trust.
Gain Access to 30 Crypto Exchanges
Apart from offering the all-in-one service that traditional investors are familiar with, Troy also offers a doorway to multiple exchanges. Being a more traditional service styled Crypto company, Troy does require certain KYC measures to be adhered to. The one upside to this is that TROY enable you to execute trades on approximately 30 different Crypto exchanges without opening an account with any of them.
In so doing, the practice of arbitrage becomes nullified when trading via Troy. Their system automatically seeks out the best available price for your trade across their network of exchanges.
Troy Staking
Troy tokens have a similar use case to Binance's BNB token in that they also offer fee reductions for hodlers. Troy also intend to repurchase tokes from the market for the purpose of scheduled coin burns. Troy has an added benefit in that tokens can be staked to earn block rewards!
Recently Troy partnered with Binance to offer this service to Binance account holders. Simply purchase or deposit your Troy tokens to start earning rewards. Nothing further is required apart from enjoying your rewards!
As you can see in the screenshot above, the return rate is extremely good and one of the highest on Binance at the moment. Troy is currently trading at approximately 60 sats, so a minimum of 250 Troy is attainable for everyone.
ChainLink Partnership
ChainLink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds including traditional bank payments and web APIs. ChainLink will assist Troy in building a secure and stable oracle design for their trading platform. ChainLink has been hot property since late 2019 but saw a massive surge as China recently brought them on board to assist in their national blockchain endeavor. Troy will be working with ChainLink towards scalable, decentralized data oracles for their trading platform.
The system design of the Troy network consists of 4 layers
Public chain layer
Off-chain trading layer
Settlement network layer
Application layer
The application layer is where ChainLink will be assisting Troy to improve the user experience and ultimately reach their goal, which as they state is to "redefine trading"!
Useful Links
