TROY Quarterly Report: 2019...
Quarterly Highlights● After Launchpad listing on Binance & Binance DEX, $TROY listed on top Korean exchange Coinone.● TROY completed the development of several important features, including derivative trading and risk control panel.● TROY Cooperated with Binance to support TROY Staking service, and launched Brokerage Reward & Staking Program.● TROY’s Global Ecological Community Program completed its stage of major achievements by including 12 member projects.● TROY collaborated with India’s №1 exchange WazirX as the first Prime Broker to exploit India market.● TROY and Binance co-hosted Trading Competition, initiated token swap and held two Giveaways.● TROY attracted media coverage and popularity in key markets, with Korean & Turkish communities growing fast.Project ProgressQuarterly Development ProgressDetailed work completed in this phase includes:● Completed Core FunctionsDerivative Trading Function: We have completed the development of derivative trading function for external accounts of OKEx, Huobi, BitMEX, Binance and Deribit and started online back-testing, including trading functions of perpetuals and futures. Rules of development for options trading are under research and survey.Risk-management Function: We have completed the risk-management functions for singular accounts, including Leverage, NAV Backwardation, Unauthorized Trading Pairs, High Frequency Trading and monitoring functions such as Massive Market Orders, NAV Fluctuation and Price Fluctuation.External API Binding: We have completed the API Binding development for OKEx, Huobi, BitMEX, Binance and Deribit.Systematic Optimization and Refactoring● Development in ProgressPortfolio Monitoring: Monitoring functions for multiple account portfolio are under development, including portfolio dashboard and risk-management. Product research is completed and currently under development.Service Refactoring: Refactoring will be conducted for market data and order database as well as upgrading of the market data receipt and sending services, with the purpose of improving system stability and response speed. In the current stage, we are doing product research.Open API: API interface for integrating market data and trading functions of multiple exchanges is under development.Ecological Construction● TROY Cooperated with Binance to support TROY Staking serviceStarting from March.4th, 2020, Binance users who hold $TROY will begin receiving their shares of the block rewards through TROY staking service.The staking service will enable Binance users to deposit their token holdings and earn staking rewards, instead of running their own nodes to fulfill minimum staking amounts and/or time lengths.● TROY launched Brokerage Reward & Staking ProgramOn March 4th, TROY launched Brokerage Reward & Staking Program. The Program is well designed with mechanisms of generating passive income for TroyTrade Brokerage users and all $TROY holders. The Program will be acting as a momentous stimulus for the long-term value of TROY offering both profitability and sustainability.● TROY Collaborated with WazirX to be the first Prime Broker Exploiting India MarketOn March.4th, TROY established collaboration with India’s №1 Crypto Exchange -WazirX, and will initiate integration of WazirX exchange into TroyTrade Brokerage System.In the future, TROY and WazirX will also work together in co-marketing in India with shared goals of expanding community size, user base and growth of eco-system.Starting with the strategic collaboration with India’s Top-1 Crypto Exchange — WazirX, TROY is expanding its business in India market.TROY always attaches great importance to the India market. In the future, TROY will continue making efforts for the development of India community as well as ecosystem expansion by working with top Indian exchanges and projects.● TROY and Binance co-hosted $TROY Trading CompetitionStarting from Dec.23rd to Dec.30th, TROY and Binance co-hosted TROY Trading Competition to give away a brand new Tesla Cybertruck Double Motor AWD (Worth $50,000) and a total of 50,000 USD in TROY.In parallel to the Trading Competition, TROY sent out $1,000 Giveaway as our special thanks and Christmas greetings to TROY Community. A total of 1981 TROY community members participate in this Giveaway.● New Listing on Korean exchange CoinoneTop Korean Exchange Coinone listed $TROY and opened trading for TROY/KRW trading pair at 2020/01/14 12:00 PM KST (UTC+9). $TROY’s listing on Coinone acts as a successful entry into Korean market.● $TROY TokenSwap Initiated on BinanceSoon after the new listing, according to TROY’s further development and community’s needs for trading $TROY in more crypto exchanges and facilitating the global circulation of TROY tokens, with the support from Binance, TROY opened the bridge to swap between TROY BEP2 and TROY ERC20 tokens. The whole process is simple, fast and user-friendly.Following the initiation of TokenSwap, TROY offered a 50,000-token giveaway as our pay-back to the community. A total of 3843 TROY community members participated in this giveaway.● Global Ecological Community ProgramIn August, TROY announced the “Global Financial Partnership Program” and the “Global Ecological Community Program” during the “TROY Night” event, the latter one will collaborate ecologically with global trading flow portals such as exchanges, projects, media and communities in the blockchain industry, combined with Troy Trade’s trading expertise and technological advantages. This program is designed to break the trading barriers of crypto assets and build a frictionless, integrated crypto asset trading ecosystem.During the last quarter, TROY’s Ecological Community welcomed its 12th member, STP Network, marking a milestone for the Ecosystem development. In the future, TROY will work closely with our ecological partners to pull resources in R&D in terms of Layer-1, Layer-2 developments, asset tokenization etc, to further develop the Troy Network as facilitation of providing cutting-edge product and services as well as optimization of trading experience for our users.Community Development● TROY Co-founder Qihan Lin hosted AMAsOn Mar 4th, Co-founder Qihan Lin spoke in Binance’s main Telegram group to answer questions from Binance users. The AMA lasted 3 hours as Binance users raised large number of questions. Also TROY offered a $2000 TROY Airdrop during this AMA.On Feb.26th, Qihan Lin, Co-founder & Head of Product of TROY spoke in TROY Telegram group to answer questions from community members and brief the updates on Product Development.On Jan.9th, invited by Wanchain Co-founder, Qihan spoke in Wanchain Community to have intimate communications with Wanchain users regarding the strategic partnership between TROY and Wanchain.● TROY Korean & Turkish Communities Gained Rapid GrowthAfter TROY’s listing on Coinone, TROY opened its official KakaoTalk and Naver Blog for Korean users to find more info about TROY. Now TROY KakaoTalk group has reached more than 500 members, a remarkable size in Korean market. In the meantime, TROY’s Turkish community(https://t.me/TroyTrade_Turkey)grew rapidly, just 2 weeks after the new opening of Turkish Telegram group, the total number reached around 400 members and growing.● Token Distribution Transparency Report ReleasedAfter TROY’s initiation of Token Swap between TROY BEP2 and TROY ERC20, in order to guarantee transparency to the community, TROY’s token distribution has been updated and completed for team, advisors, private sale, ecosystem, mining rewards, BEP2 (Swapped) Out of Circulation and ERC20 Out of Circulation. For more info, please check the original report:$TROY Updated Token Transparency ReportMedia CoverageAfter TROY’s official listing on Binance, blockchain media worldwide reported on TROY, bringing TroyTrade and Prime Broker in the spotlight.TROY market info is included by top sites such as Binance Info, CoinMarketCap, CoinGecko, TradingView, Blockfolio, AICoin, MyToken, Messari and ICODrops. All these top sites will support TROY with the real-time market and trading info updates.● Coverage by World Top MediaOn Dec 6th, 2019, world-renowned media EthereumWorldNews published an article on TROY project, titled as “World’s 1st Crypto Prime Broker ‘TROY’ ”.In this article, the author believes that: “ Cryptocurrency exchanges tried to expand their offerings to sustain the needs of their users and traders, — but Troy Trade, who’s working to extend with prime brokerage services to established financial firms, as well crypto-trading operations that need tier 1 liquidity provider aims to leverage decentralized exchanges for the same audience.”Original link:https://en.ethereumworldnews.com/worlds-1st-crypto-prime-broker-troy/On Dec 13rd, 2019, Kira Sun, Founder of TROY was interviewed by world-renowned technology and Blockchain media Hackernoon.In this interview, Kira Sun shared his insights on what problems TROY solve and what values it brings to the business. Also, Kira explicitly briefed on the business model of TROY brokerage system and token economy.Original link:https://hackernoon.com/founders-interview-u21w17v1● TROY’s listing and Staking Covered by Korean media and foraWith TROY’s listing on Korean exchange Coinone and the initiation of Staking service on Binance, top Korean media reported on TROY and highly regarded TROY’s future roadmap, product and business orientations as well as the solid business mode of TroyTrade.Some Reports:http://www.it-b.co.kr/news/articleView.html?idxno=37186https://www.dailysecu.com/news/articleView.html?idxno=97159http://bitmagu.com/221837452278https://paxnetnews.com/articles/57862http://www.gnmaeil.com/news/articleView.html?idxno=443653On March 4th, within 20 hours after posting, TROY’s post on Korea’s largest community forum Coinpan reached the largest number of readings of more than 19000, ranking first among posts in the whole Coinpan forum, which is very extraordinary for Blockchain projects.About TROYTroy Trade is a global prime broker specialized in crypto asset trading and asset management. We provide crypto brokerage services for institutional-grade capital and professional traders with revolutionary trading products.Contact UsTelegram: https://t.me/troytrade_officialTwitter: https://twitter.com/troytradeOfficial website: https://troytrade.comKakaoTalk: https://open.kakao.com/o/g3D01QSbBD mailbox: business@troytrade.comTROY Quarterly Report: 2019.12.05–2020.03.05 was originally published in TROY TRADE on Medium, where people are continuing the conversation by highlighting and responding to this story.
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