What is Troy Trade (TROY)?
TROY is the native token of Troy Trade, which is an all-in-one asset trading and management platform that provides users with aggregated trading, diversified brokerage service, data analytics, and quantitative trading strategies. If you want to know the current TROY price, take a look at the Troy price chart above.
Troy Trade gathers liquidity from multiple liquidity pools, major centralized and decentralized exchanges, and other sources for aggregated trading. Tory traders have access to an automatic risk control option, and they can manage their accounts in a flexible manner. They can also make use of settlement services, smart order routing, and numerous other services.
When it comes to the brokerage service, Troy Trade users have the choice of spot and margin trading, Over-The-Counter trading, real-time fund transfers, etc. Besides, Troy offers reasonable fees and quick order execution.
Furthermore, the data analytics function of Troy provides a data matrix structure that stores various forms of data, including blockchain, market, trade, social, and others. It assists users while making decisions considering asset trading.
Taking into account Troy's quantitative trading tactics, in the future, it will provide traders with strategies like Trend-Tracking, Arbitrage, and others. Besides, note that low-latency access and co-location services are used to fuel Troy's infrastructure, which increases the effectiveness of high-frequency trading algorithms.
Lastly, it’s important to mention the TROYSWAP. It allows users to make seamless on-chain transactions, as well as stake TROY tokens, bid and buy TROY NFTs, and use a multi-chain bridge to transfer tokens across different chains.
How Does Troy Trade Work?
The orders that take place on the Troy Trade network are recorded and updated by TROY stakers and relayers.
Besides, it’s important to note that the Troy network is separated into smaller core subsystems, each of which can communicate with the others while yet operating independently. The user subsystem, market subsystem, trade subsystem, management subsystem, and gateway subsystem are a few of the essential subsystems (though there are more). The trade subsystem, however, is the most important of all.
Use Cases of TROY Tokens
TROY tokens fuel the whole Troy Trade platform. The following are the main use cases of TROY coins:
- Medium of exchange. TROY tokens serve as the traditional medium of exchange in addition to serving as a relay medium for nontraditional token trade pairs used in ring trading.
- Staking. Users stake TROY tokens to get staking rewards and become Troy order validators.
- Reward token. TROY tokens are used to reward relayers and stakers for dealing with orders, as well as for brokers who contribute to the whole ecosystem of Troy.
- Payment method. TROY tokens are used to pay trading fees.
- Access token. TROY tokens are needed to access any services provided by the Troy crypto project.
If you've made the decision to purchase TROY crypto assets, don't forget to look at the previously mentioned Troy price chart. Why? Because the TROY price is rather volatile, thus, before buying TROY coins, it would be beneficial to analyze the key patterns in its fluctuations.