what's trove?
TROVE is a cryptocurrency project focused on the innovation of perpetual futures trading for collectibles. It aims to bridge traditional collectible markets with decentralized finance by enabling users to trade perpetual contracts on assets like rare items, art, or memorabilia without physical ownership. The platform operates on blockchain technology, leveraging smart contracts to ensure transparency, security, and accessibility in a permissionless environment. The core mechanics involve perpetual swaps, where traders can go long or short on collectible indices or specific items, with funding rates to keep prices aligned with underlying values. TROVE's beta phase introduces early access features for users to explore these markets, potentially integrating with existing DeFi protocols for liquidity and oracle price feeds. As an emerging protocol, TROVE emphasizes community involvement through invite-based access, fostering a dedicated user base before full launch. It positions itself at the intersection of NFTs, real-world assets, and derivatives trading.
Trove prepares for airdrop/TGE, mainnet launch, and TLP after a controversial token sale.
Links
x.com/trovemarketsAirdrop is scheduled to occur soon in conjunction with the TGE.
Completed $11.5 million token sale that sparked community backlash
Extended the ICO duration by 5 days beyond the original end date.
Will launch mainnet on February 10, 2026, with a mobile app coming soon.
Introduces TLP liquidity provision mechanism to provide instant liquidity for perpetuals trading.
Reached $1M in ICO commitments within the first 30 minutes of launch.
Testnet reached over $1B in trading volume.
Allocates 70% of fees to token buybacks and user rewards.
has 6 engineers working on the protocol with two co-founders
ICO expected to occur by January 31, 2026
TheFlowHorse joined trove team in an advisory capacity with compensation.
Trove launches 24/5 equity feeds through partnerships with Pyth Network and Injective, and adds global equity FX repricing functionality to HIP3.
Public beta goes live, transitioning from the private beta that was previously in internal testing with over 40,000 applications.
Trove partners with Kalshi, a CFTC-regulated prediction market platform with over 2 million users, expanding U.S. market access. The private beta is live for internal testing with over 40,000 applications submitted and includes a points system where early activity counts toward future rewards.
Trove holds $15M in spot reserves available to complete HYPE token purchases for HIP-3 deployment.
New markets go live on Trove featuring Tokyo Stock Exchange assets including Nintendo and Pop Mart, powered by SEDA.
Trove raised $20M to purchase $HYPE tokens for its launch as a HIP-3 market for collectible perpetuals.
Trove halts HYPE token purchases despite opportunity to rectify an unspecified mistake.
Trove resumed buying HYPE tokens but the resulting price increase slows their accumulation progress toward the 500K target required for HIP-3 markets deployment.
Trove has purchased 88,959 $HYPE tokens out of 500K required for deploying HIP-3 markets on Hyperliquid.
Epoch announces it has taken a stake in the project.
Kalshi powers the prediction market perpetuals in collaboration with Hyperliquid's HIP-3.
The platform is in the process of launching via HIP-3.
A points farming system is active with users sharing strategies to accumulate points.
Beta program is live with whitelist access via invite codes being distributed by community members.
The project received seed funding from 800 retard capital and features Pokémon perpetuals.