Amid the surging wave of artificial intelligence (AI), an increasing number of teams are actively embracing and participating in this revolution, and TROY AI is no exception. By combining decentralized technology with AI, TROY AI positions itself at the complex intersection of the data economy, consumer AI, and crypto, striving to drive significant advancements across multiple fields.

This article will provide an in-depth analysis of TROY AI’s team background, development history, core technical architecture, ecosystem products, and tokenomics, offering users a comprehensive understanding of its past, present, and future developments.

What is TROY AI?

TROY AI is a decentralized ecosystem dedicated to democratizing AI development and usage. On one hand, TROY AI recognizes the critical value of personal data and aims to reshape the way data is managed and utilized, granting users ownership of their data while enabling them to benefit from their contributions. On the other hand, TROY AI focuses on consumer AI applications, building an AI-driven ecosystem through core products such as the AI application marketplace TROY Play and the AI agent token issuance platform TROY Trade, fully unlocking the immense potential in the consumer AI sector.

Source: TROY AI

$TROY is the core token of TROY AI, with a total supply of 10 billion currently circulating on the Ethereum and BNBChain networks. As the ecosystem token of TROY AI, $TROY plays a critical role, including enabling access to platform features, participating in ecosystem governance, staking for network validation, and earning rewards.

Team Background and Funding

Over the past few years, TROY AI has undergone multiple transformations. The team was founded in 2018, initially under the name Troy Network, focusing on wholesale economic services. In 2020, during the peak of the DeFi movement, the team upgraded to a hybrid intelligent asset management platform, offering various services such as trading, staking, quantitative asset management, and trading strategies to target a broader audience. Later, they tapped into the NFT and gaming boom, launching a game called TROY War to build a new GameFi ecosystem.

Adaptability and foresight seem to be key to the longevity of the TROY AI team. With the growing momentum of the AI wave, the team announced this year the rebranding of Troy Network to TROY AI, aiming to pioneer the future of consumer AI.

According to media reports, TROY AI co-founder and CTO Clark Tong previously served as R&D General Manager at Haiyin Group and Technical Director at China National Building Material Group, a Fortune 500 company. His trading systems have achieved over $15 billion in transaction volume, while the group managed nearly $50 billion in total funds. The other two co-founders, Kira Sun and Qihan Lin, also bring extensive financial market expertise. Kira Sun was a trust fund manager at CITIC Trust, and Qihan Lin worked as a product manager at Eastmoney, Tiger Brokers, and OKEx.

According to Rootdata, in 2019, TROY AI secured $8.4 million in funding, led by NGC Ventures and BlockVC, with participation from Signum Capital, Bixin Ventures, LK Venture, GBIC, and AlphaCoin Fund. That same year, as one of Binance’s IEO projects, TROY AI raised an additional $4 million and officially issued the $TROY token.

Core Technical Architecture

TROY AI places great emphasis on user data and asset security. It adopts end-to-end encryption, decentralized storage solutions, and regular security audits to ensure data privacy. In its technical framework, TROY AI integrates decentralized technology with advancements in generative AI and AI agents, aiming to simplify the development of AI agents while enhancing user experience.

Key components of TROY AI’s tech stack include:

● Natural Language Processing (NLP): Enables complex, context-aware interactions between AI agents and users, improving communication.

● Computer Vision: Facilitates visual understanding for various applications, enhancing user interfaces and experiences.

● Emotion Recognition: Allows AI agents to interpret and respond to users’ emotional states, fostering more empathetic interactions.

● Reinforcement Learning: Enables AI agents to adapt and improve their behavior based on user interactions and feedback, ensuring continuous performance enhancement.

● Retrieval-Augmented Generation (RAG): Combines the strengths of retrieval and generation, allowing agents to access external knowledge bases for more accurate and context-relevant responses.

● Agent Workflows: Supports the creation of complex workflows for individual or multiple agent systems, enabling seamless integration and interaction among agents.

TROY AI uses these core technologies to build a more flexible and dynamic AI ecosystem with vibrant and personalized experiences.

Four Key Ecosystem Products

Although TROY AI has undergone multiple transformations and shifted its focus to the AI sector this year, it retains some of its original products, upgrading and enhancing their functionality while introducing new ones to meet the diverse needs of different user groups.

1) TROY Play
TROY Play is a comprehensive platform designed for developers, functioning as both a consumer AI application marketplace and an AI agent management tool. Accessible via TROY ID, the platform supports seamless imports of AI agents from AgentStudio or third-party environments, allowing on-chain publishing and property editing.
Currently, TROY Play has not been officially launched. According to the team, over the next three years, the goal is to support more than 100 consumer AI agents and attract 10 million users.

2) TROY DAO
TROY DAO is a membership system designed for $TROY token holders, integrating NFT, GameFi, and DeFi elements. Members of TROY DAO can enjoy various benefits, such as staking rewards, voting rights, early access to TROY AI agents, and opportunities to participate in TROY Trade.
According to the official website, there are currently 118 members in the vault. The total amount of $TROY staked in the vault is approximately 28.14 million, with a real-time APY of 19.89%.

3) TROY Trade
Initially positioned as an aggregated trading platform offering data analytics, asset management, and quantitative strategies, TROY Trade is now transitioning into an AI project launch platform and asset management hub. Its primary functions will include crypto asset staking and related services.

4) TroyPump
Launched on November 20, TroyPump is a Memecoin Launchpad built on BNBChain. Like most Memecoin issuance platforms, users can launch tokens with a single click by providing the token name, symbol, description, and image. New tokens operate on a bonding curve model, and once their market cap reaches approximately $72,000, a liquidity pool is created on PancakeSwap.

Source: TroyPump

At present, TroyPump is still in its very early development stage. The platform is relatively rudimentary, with a small user base. The team needs to further refine and enhance the platform’s features to improve the user experience.

Tokenomics Centered Around $TROY

$TROY is the core token of TROY AI, with a total supply of 10 billion. Initially circulating on Ethereum, it was bridged to BNBChain in 2023. On-chain data reveals that the circulating supply on BNBChain is approximately 1.083 billion, held by around 1,800 addresses, with the top 100 addresses collectively holding 99.13% of the total supply. Ethereum has approximately 2,300 holder addresses, with the top 100 addresses owning 99.59% of the total supply. The largest $TROY-holding addresses on both chains belong to Binance hot wallets.

Source: Etherscan.io

Currently, $TROY has achieved 100% full circulation. The specific allocation and distribution timeline are as follows:

Source: CoinMarketCap

$TROY plays a key role throughout the TROY AI ecosystem, including:

• Transaction Medium: Used to access platform features and services.
• Ecosystem Governance: Staking to earn network validation rewards and voting rights.
• Other Functions: As core products within the ecosystem are launched, $TROY will gain support in more scenarios.

Project Roadmap and Future Outlook

After embracing the AI wave, TROY AI quickly adjusted and refined its project roadmap. Currently, the team is launching a $10 million AI funding program to comprehensively support promising projects and teams in areas such as resources and technology, further enriching its ecosystem and fostering a broader AI community. In addition, TROY Play will be launching soon to provide more convenience for users and developers.

Looking ahead, in the next 1-3 years, TROY AI will continue refining its ecosystem products, including TROY Play, while deepening its focus on the AI agent industry. The team will actively expand its ecosystem partnerships, collaborating with tech companies and research institutions within and outside the industry to create a secure, decentralized, AI-driven ecosystem.

Conclusion

Since its establishment, the TROY AI team has maintained a keen sensitivity to industry trends and has been able to quickly pivot and launch relevant products to efficiently serve users. In some ways, this reflects the team’s capabilities.

Based on its foresight and clear planning for the future, TROY AI is steadily advancing its development. As more initiatives are effectively implemented, the ecosystem will gain more vitality, continually supporting and enhancing the real value of its ecosystem token, $TROY.


References:

[1] https://troy-ai.gitbook.io/troy-ai-docs