TROY is a cryptocurrency that supports Troy Trade, a global prime broker specializing in crypto trading and asset management. It is designed to offer comprehensive brokerage services to institutional clients and professional traders.
TROY operates on the Ethereum blockchain and employs a Proof of Stake (PoS) consensus mechanism. It offers smart order routing and quantitative model-based data analytics. Within the Troy Trade platform, TROY facilitates functions like governance, staking, transaction fees, and access to a data matrix framework that includes various types of market data.
TROY has multiple use cases, including:
TROY was established by a team led by Shihao (Kira) Sun, with the initial coin offering (ICO) concluding in December 2019, raising $12.4 million. Over time, significant milestones include the TROY Trade 2.0 upgrade and subsequent listing on multiple exchanges like Binance. The platform has continuously evolved to include enhanced features like cross-market arbitrage capabilities and more. Its market presence has expanded through strategic partnerships and infrastructure developments, aiming to enhance its offerings continuously.