Troy opinions
Summary:
So far,1 of opinions have been recorded for Troy. These opinions are not investment recommendations but the community's perspective on Troy. Please do not make a purchase decision based on these Troy opinions.
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Troy opinion #1
Troy is one of many ERC-20 based crypto brokers in the crypto scene and is based in Hong Kong. It should be emphasised that this is a non-custodial portal. Therefore it does not keep the crypto currency of the user.
In addition to spot and margin trading, services offered include derivatives, lending and staking.
The infrastructure corresponds to that of other existing DeFi products. The TROY is issued as a utility token, which has a maximum capitalisation of 10 billion TROY. The total volume was only $7 million in recent months. This week the value has accumulated to $54 million. Such extreme movements should be seen as a warning signal that this could be a pump and dump action, as your fundamental change has been made public. Furthermore all tokens in the DeFi area have been dragged along by the general hype in the past.
In the CoinMarketCap the broker ranks with its volume far behind the comparable services in cryptospace and is therefore of no interest to me.