Leading Brokerage Service TroyTrade to Utilize Band Protocol‘s Oracles
We are thrilled to establish a partnership with the next Binance launchpad project, TroyTrade, to implement Band Protocol’s scalable decentralized data oracles to the application layer on Troy Network.
Founded in 2018, TroyTrade is a prime brokerage specialized in crypto trading and asset management with a mission to reshape the crypto market by providing brokerage services for institutional clients and professional traders through revolutionary products, including spot & margin trading, derivatives, data, custody, lending and staking in one account.
“The application layer on Troy Network needs an efficient, secure and scalable oracle to make trading-ralated data readily available and reusable on-chain. The partnership between TROY and Band protocol will enpower both parties in oracle research and the development of application layer.” Kira Sun, Co-Founder of Troy.
TroyTrade is building Troy Network, a blockchain protocol for trading and settlement of crypto assets which values a high level of security and high scalability. As such, Band Protocol is excited to support the application layer on Troy Network by providing an efficient and secure oracle that is scalable with usage and over the course of time.
“Band Protocol is excited to help Troy on their journey to redefine trading and achieve their long-term ambitious vision through close collaboration with oracle design.” Soravis Srinawakoon, Co-Founder & CEO of Band Protocol.
Through the integration of Band’s oracles, we are excited to work closely with Troy to mitigate the bottlenecks in today’s oracle solutions such as central points of failure, asynchronous interactions, and high costs. This will create a good synergy between our projects and bring our oracle one step closer to mass adoption.
About TroyTrade
Troy 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, including spot & margin trading, derivatives, data, custody, lending and staking in one account.
About Band Protocol
Band Protocol is a data oracle platform building the data layer of the Web 3.0. It provides an accurate information feed from community-curated data providers that allows blockchains to access trusted data from outside of the network. This solution is particularly important for the execution of smart contracts, that are triggered by off-chain occurrences. It is open, decentralised and does not rely on third party services. Band Protocol makes dApp (decentralised applications) development simple and allows developers to tap into trusted data sources by integrating a basic line of code.
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