TROY AMA Recap

TROY AMA Recap

CryptoDiffer team

Hello everyone! 

We are glad to meet here

Kira Sun (@KiraTROY) Co-Founder of Troy

Kira Sun
Co-founder

Hello everyone. I am Kira, the founder of TROY. Really appreciate this opportunity sharing our project and thoughts toward crypto trading and asset management. Hope you will love our project. Thanks!

CryptoDiffer team

Kira Sun (@KiraTROY), Can you introduce yourself to the community? What is your background and how did you join Troy Trade project?

 

Kira Sun
Co-founder

Bachelor of Finance in Peking University and Tsinghua-MIT Global MBA. Worked as trust fund manager of CITIC Trust and expertise in REITS/ABS/PPP and alternative asset management. Rich experience in designing crypto asset management products as BVC16 Index fund, Pure Alpha Fund etc. I founded TROY as I found the demands for Prime Brokerage services in the crypto market.

CryptoDiffer team

 Can you briefly describe what is TROY in 3-5 sentences? What technology stands behind TROY and why it’s better than the existing one?

 

Kira Sun
Co-founder

TROYis a global prime broker specialized in crypto trading and asset management. We provide crypto brokerage services for institutional clients and professional traders with revolutionary products, including spot & margin trading, derivatives, data, custody, lending and staking in one account.     

 

As a brokerage service provider, TROY focuses on providing prime broker services to facilitate crypto trading. Prime brokerage is the essence in traditional capital markets and is central to the ultimate success of most investors, especially institutional-grade players. As the market expands and borders disappear with new-players’ entrance, the needs have never been greater for the prime brokerage in crypto market.

TROY delivers a full stack of all-life-stages solutions on our integrated trading platform Troy Trade to help achieve integrated market depth, speed of order execution, operational efficiency, margin lending leverage and expert institutional advisory services.

 

CryptoDiffer team

What are the major milestones you have achieved so far?

 

Kira Sun
Co-founder

Good question! The lastest is definitly TROY’s listing on Binance Launpad. And for the last year, there were milestones: 1, The completion of TROY trading platform V1.0 and start of testing; 2, The development of TROY’s eco system by welcoming top projects like MATIC, Celer, Harmony etc to join our eco-system;

 

Cryptodiffer Community

TROY is growing amazingly and until now more than 30 institutional customers and Troy’s AUM has skyrocketed to 25,000 BTC . What is the strategy used by Troy to achieve all of that? Can you share with us ?

 

Kira Sun
Co-founder

Let me explain about the numbers: during the past year, we already have some partners including quant-trading and asset management already trading in TROY platform. So we already have quite large amount of assets in the system. TROY itself is backed by top VCs and investors, so most of our investors also do trading by using TROY platform.

 

Cryptodiffer Community

Troy cooperates with many potential projects such as Celer, Fetch.ai, Harmony and newest is Matic, so what will this cooperation bring to advantages for both sides?

Kira Sun
Co-founder

In the Global Ecological Community Program” initiated by TROY, we 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.  On the other hand, TROY will get support from projects like Celer, Matic, IOST and others for underlayer technologies including layer-1 and layer-2, optimization of user experience and security, etc. So it’s a win-win situation fo both sides.

 

Cryptodiffer Community

What are the benefits to both parties in the cooperative relationship between Binance and Troy?

How does Troy deal with hackers?

Kira Sun
Co-founder

Good questions!  To answer the first one: we are more than thrilled and honored to announce the support from Binance Launchpad. Binance Launchpad would be a tremendous milestone and a big leap forward for TROY. But, we sincerely believe that Binance Launchpad is the first step in forging a brilliant strategic partnership and maximizing trading efforts towards the changing crypto market. Binance and Troy share the same entrepreneurial drive in crypto trading and the commitment to delivering the best possible financial infrastructure to widest client base. Our partnership will deep dive into plenty of opportunities and the benefits shall have a dual nature. To answer the second one: all crypto assets will be custodial on blockchain and the private key is accessible only to the user. As long as the user follow the right way storing and passing private key, Troy Network won’t bring any additional risk to users. Besides, TROY will not only encrypt the private trading data, but also separately encrypt and store user ID and trading data to make sure the safety of data privacy. Furthermore, users could choose peer-to-peer trade by off-chain state channels. This will also help lower the risk of data leakage.

 

Cryptodiffer Community

What is meant by Master-level Trading Platform? how it works?

Kira Sun
Co-founder

It means: using one account with a single interface enables full access to the aggregated liquidity of all crypto exchanges. Some key functions include smart order routing, flexible account management, dark pool, settlement service and automatic risk management.

Cryptodiffer Community

We the community strongly believe in this great project.Do you have any word of encouragement for the community to convince us to buy and hoddle Troy when it will be listed in binance?.

Kira Sun
Co-founder

Good question! : 1, TROY has comprehensive basis of business model: Within the TROY prime broker ecosystem, TROY could be used to pay for trading fees and discount on margin lending interests and other services. TROY will be appreciated due to certain periodic burning events, TROY will use part of revenue to buyback and burn TROY tokens from the market on a transparent and regular basis. Token holders will also be reward if they contribute to maintain the ecosystem for example to refer more users to trade on TROY. 2, TROY has strong eco-system consisted of crypto traders, quant-trading and asset management teams, high-net-worth individuals to create a strong basis for token economy; 3, TROY is backed by top VCs, investors and market makers. BlockVC, NGC Ventures, Signum Capital, Consensus Lab and a series of well-known blockchain investment firms around the globe have invested in TROY.

 

Cryptodiffer Community

What makes Troy always special when having another broker compete with you?

Kira Sun
Co-founder

The competitors are similar to TROY but not exactly the same. They are more like simply trading tool providers, they provide you with a tool of basic functions to help solve certain problems in certain aspect of a trading process.     

As a prime brokerage services provider, TROY delivers a full stack of all-life-stages solutions on our integrated trading platform to help achieve operational efficiency, margin lending leverage and expert institutional advisory services. Deep understanding of institutional practice enables TROY offer hands-on solutions to nearly all aspects of trading platforms, including product strategy, operations, financing, analytics, technology and talent.

 

Cryptodiffer Community

1.What is Troy? Why does Troy choose on Binance Launchpad?

2.The Value of TROY token generated by? What role does TROY token play in the Troy ecosystem?

Kira Sun
Co-founder

1, TROY is a global prime broker platform specialized in crypto asset trading. This project’s ultimate goal is to provide one-stop prime brokerage services with both centralized and decentralized solutions. 2, The value of TROY token is well supported: TROY will be used to pay for trading fees and discount on margin lending interests and other services. In the future, TROY will be used as gas on the Troy Network, the decentralized trading and settlement network.

Moreover, TROY will be appreciated due to certain periodic burning events, TROY will use part of revenue to buyback and burn TROY tokens from the market on a transparent and regular basis.

 

Cryptodiffer Community

Where does TROY core profit come from? How will your team make TROY become a win-win solution for both investors and platform?

Kira Sun
Co-founder

TROY does have sustainable business model. As benchmarking target in crypto market, TROY has a relatively healthy and sustainable business model for offering a full stack of integrated crypto trading, custody and asset management services. 

The revenue model includes:

1. Trading commissions and fees for settlement and custody services.

2. Spreads on client’s margin financing positions, cash or token financing.    

3 .Fees for value-added brokerage services including asset management, automatic risk management and data analysis service, etc.

 

Cryptodiffer Community

As a prime broker, what tools will you offer for both institutional clients and professional traders? Are there any differences in facilities you provide for these two types of customer?

Kira Sun
Co-founder

Yes, we do. TROY offers users one access with single interface to the aggregated liquidity of all crypto exchanges. Users could trade tokens or even futures and/or options in the future from different exchanges by creating only one account on Troy Trade. Troy Trade has integrated key functions like smart order routing, flexible account management, settlement service, financial reporting and risk control in our system to make your trading more efficient and intelligent. Moreover, we could also offer margin lending to clients to leverage their absolute returns.

 

Cryptodiffer Community

What role does Binance play for Troy? & Is there a conflict of interest, do you have many common products?

Tell me about your upcoming product?

Kira Sun
Co-founder

Have to clarify here:  TROY is NOT a competitor of exchanges. On the contrary, TROY would help Binance or other exchanges serve institutional clients better.

First, we are more than thrilled and honored to announce the support from Binance Launchpad. 

But we sincerely believe that Binance Launchpad is the first step in forging a brilliant strategic partnership and maximizing trading efforts towards the changing crypto market. Binance and Troy share the same entrepreneurial drive in crypto trading and the commitment to delivering the best possible financial infrastructure to widest client base. Our partnership will deep dive into plenty of opportunities and the benefits shall have a dual nature.   About product, after the completion of Troy Trade V1.0, we will upgrade the trading platform providing trading of margin trading, futures and other products.

Cryptodiffer Community

Currently where are the real life applcation of troy that is being used? Tell me in brief?

Kira Sun
Co-founder

As answered before, TROY is NOT a public chain, but a prime broker. So our real-life application is TROY itself as a trading platform providing prime brokerage services to institutional clients and professional traders.

 

Cryptodiffer Community

It’s surprising that many of TOP VC have already invested in TROY project, what do you think it is attracted them?

Kira Sun
Co-founder

I think that the idea of why TROY was founded attract them. We still believe that prime brokerage is still something not that developed in the crypto business. While in the traditional financial industry, most of the trading is done by brokers not in exchanges. You can refer to this article: https://medium.com/@troymessage911/troy-a-crypto-story-of-goldman-sachs-e3266eaded82

Cryptodiffer Community

Where does indian market stand in Troy strategies? Are you planning anything specifically for indian community? 

Kira Sun
Co-founder

Actually we are holding a lot of AMAs in Indian communities. We do regard Indian market as a pivitol market for prime brokerage services. In the future, we will have more activities and business development in India market. Thx.

Cryptodiffer Community

Hi, when IOS app? When will Troy be officially released as a token?

Kira Sun
Co-founder

All official versions will be released around 2nd season of 2020. Pls stay tuned. Development of Prime Broker takes longer time and costs.

Cryptodiffer Community

What are the major utilities of Troy tokens ?

Kira Sun
Co-founder

Good question! About the utilities of TROY token: 1. Functions as the medium of value circulating as the blood in this organic network;

2. Provides workload reward of Relay network to encourage timely and accurate updating, broadcasting and synchronizing orders;

3. Serves as relay medium for the exchange of unconventional token trading pairs in ring matching;

4. Acts as the trading fee unit when users call up the trading and settlement functions, also TROY will buyback and burn TROY tokens from revenue on a regular basis;

5. Means of access to features in TROY and burnt as gas fees;

6. Incentives for brokers and to reward brokers contributing to maintain a global ecosystem.  Thx!

Cryptodiffer Community

Users can trade on many exchanges such as Binance, Huobi, Upbit, Gate, Okex with a single trading account in Troy.  This is a very interesting and new thing for traders.  Do you have a competitor in this?

Kira Sun
Co-founder

Caspian and Tagomi could be regarded as potential competitors. They are similar to TROY but not exactly the same. These competitors are more like simply trading tool providers, they provide you with a tool of basic functions to help solve certain problems in certain aspect of a trading process.   What TROY provides is a full stake of all-life-stages solutions to help achieve operational efficiency, margin lending leverage and expert institutional advisory services.

Cryptodiffer Community

Hi Kira, You look very young but talent, so why could you build TROY at young age ? what are motivation and your story behind ?

Kira Sun
Co-founder

Actually I do have years of experience in the financial and crypto sectors. I worked as a trust fund manager of CITIC Trust and expertise in REITS/ABS/PPP and alternative asset management. I also have rich experience in designing crypto asset management products as BVC16 Index fund, Pure Alpha Fund etc. So these years of experience and my studies are the basis of founding TROY. Of course, TROY has very talented people in the team.

Cryptodiffer TEAM

Kira thanks for your time! we have to finish our AMA with TROY!

Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
CryptoDiffer Admin
query2212@gmail.com

Leave a Reply

Your email address will not be published.