Binance To Launch Troy Trade As 9th Initial Exchange Offering On Binance Launchpad

Binance To Launch Troy Trade As 9th Initial Exchange Offering On Binance Launchpad

In a recent development, Binance has announced that it is all set to launch TROY TRADE as its ninth initial exchange offering on the Binance Launchpad. 

Global Scale Brokerage Platform

TROY Trade was established in 2018 and is a global scale brokerage platform. The latter specializes in cryptocurrency asset management. As a matter of fact, rather than building a new crypto exchange the exchange focusses on asset management for professional traders. With the help of firms like BlockVC, NGC Ventures, Signum Capital, Consensus Labs, Bixin Invest, Troy Trade has successfully completed a $10 million fundraiser.

Advantages of the Platform

Let us have a look at the advantages offered by the platform. 

One of A Kind Trading Platform

On the platform, a user can access the aggregated liquidity of all crypto exchanges with a single interface. It also includes key functions like smart order routing, flexible account management automatic risk control and settlement service. 

Latest Data Analytics

Cutting edge data analytics will aid decision making among customers with the help of a  sophisticated framework of data matrix including blockchain data, trading data, market data, and social data. These data sets, in turn, will be optimized by AI and quantitative models. 

Real-Time Fund Transfer and Settlement Service

The platform will also provide for diversified brokerage service and superior order execution speed. There will be real-time fund transfer and settlement service and also provision for margin trading and OTC services. 

Last but not the least, users will be able to tap the benefits of co-location services which help improve the performance of high-frequency trading algorithms and other services. 

The service will be bolstered by Troy’s native token, which can also be used for trading fees. Also, it can be used to link two assets who do not have active or liquid markets. Moreover, token holders will be able to act as a broker and then award users with extra tokens from the mining pool. 

Token Sale

As a matter of fact, the token sale will follow a lottery and airdrop format. For the same, recording of the user’s BNB balances has already begun. Also, Troy will be issued as a BEP2 asset on Chain. 

A total of 30,000,000 TROY tokens will be available for Airdrop. The tokens will be airdropped to all launchpad participants not having a winning ticket. 

Furthermore, a  pool of 10,000,000 TROY tokens will be airdropped to verified users from countries or regions who did not claim tickets and hold at least 50 BNB. 

 

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Binance To Launch Troy Trade As 9th Initial Exchange Offering On Binance Launchpad
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Binance To Launch Troy Trade As 9th Initial Exchange Offering On Binance Launchpad
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Author: Supriya Saxena

Coming from a physics background the unpredictability and intrigue of the cryptoverse attracted me to take a dive in this field. I am all eyes and ears for the latest trends in blockchain and crypto sphere. Whenever I am not writing or researching, I love to read sci-fi novels, play basketball and watch action movies. I strongly believe that blockchain and cryptocurrency will bring lasting transformations in people’s lives in the years to come. You can reach out to me at supriya [at] coingape.com.

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Supriya Saxena 216 Articles

Coming from a physics background the unpredictability and intrigue of the cryptoverse attracted me to take a dive in this field. I am all eyes and ears for the latest trends in blockchain and crypto sphere. Whenever I am not writing or researching, I love to read sci-fi novels, play basketball and watch action movies. I strongly believe that blockchain and cryptocurrency will bring lasting transformations in people’s lives in the years to come. You can reach out to me at supriya [at] coingape.com.

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