Binance recently announced the launch of Troy Trade on one of its platforms, the Binance Launchpad. According to the announcement, Binance is ecstatically happy about this feat as this will be the 13th project to launch on the Launchpad.
Troy Trade will begin with a token sale which will follow a lottery and airdrop format. And according to the timeline of events, this will start on the 3rd of December, 2019.
Binance Launchpad Hits Another Milestone
According to data available on the Binance Launchpad’s platform, Troy Trade will be the 13th project to launch via the platform.
It’s interesting to note that the Binance Launchpad has hosted projects such as GIFTO, BREAD, BitTorrent, WINK, KAVA, among others. Now, Binance would be hosting TROY, a global brokerage platform.
Troy Trade and Its Upcoming Token Sale
According to the information available on its official site, Troy Trade is a global prime broker specialized in crypto trading and asset management.
They 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 per the announcement by Binance, a ticket claim event will precede activities. At this stage, Binance will record the BNB balances of its users between the 3rd of November 2019 to the 3rd of December 2019. Qualified candidates will then be chosen using the Daily Average BNB Balance calculation.
Details About The Upcoming Troy Trade Airdrop
It was also announced that a total of 30,000,000 TROY tokens which is approximately $150,000, would be shared among qualified launchpad participants. Participants will be requested to claim winning tickets to be eligible for this airdrop.
Equally, 10,000,000 TROY tokens would be airdropped to verified users on the platform from eligible countries who didn’t claim their tickets but held not less than 50 BNB tokens at the end of the earlier mentioned period.
Qualified participants will have just 24 hours to claim their ticket before the lottery draw commences on the 4th of December, 2019. Participants are advised to have enough BNB tokens in their spot exchange wallets.
When those with winning tickets are sorted, those who don’t have a winning ticket and those who are eligible but did not participate will then get a share of the airdrop.