What is Arbitrove Governance Token (TROVE)

TROVE is the governance token for the Arbitrove Protocol. It is a yield-bearing index and strategy vault protocol natively built on the Arbitrum network. Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (TROVE/USDT – Trade it here) on our Innovation Zone, check it out now!

What is Arbitrove Protocol (TROVE)
What is Arbitrove Protocol (TROVE)

What is Arbitrove Protocol?

The development team found a gap in the market for a product that users would find valuable. One thing led to another, and it ultimately led to the creation of Arbitrove. The team recognized that a carefully curated index product consisting of a basket of Arbitrum-native assets, paired with an automatic rebalance mechanism, would be highly attractive to a wide range of users.

They primarily aim to offer a yield-bearing index of Arbitrum-native assets. This includes blue-chip DeFi protocols, emerging protocols, NFTs, and yield-farming assets. They also want to address the challenge of complex and time-consuming navigation faced by new users while also providing diversification and real yield for experienced users.

Moreover, Arbitrove is designed to solve the liquidity and slippage problems faced by investors by incorporating a broad range of Arbitrum tokens to provide exposure to the community and long-term liquidity to different tokens.

They hope to make Arbitrove the go-to option for deploying capital on Arbitrum by combining comprehensive price exposure with the potential for generous yields. The highly-anticipated launch of Arbitrove in February marks the beginning of the journey. Now, they will focus on growing their first index product, ALP, which includes blue-chip tokens from the Arbitrum ecosystem such as GMX, Treasure DAO, and Camelot DEX.

What is TROVE Token?

TROVE is a governance token for the Arbitrove Protocol. To ensure a fair distribution, 70% of the total TROVE supply that will ever exist will be in the form of Escrowed TROVE (esTROVE) initially. This is a non-transferable token that can be staked for protocol revenue sharing if the DAO votes for the TROVE staking proposal, which is expected to be submitted in early March. The esTROVE can also be vested to become TROVE through a 1-year linear vesting that starts in September 2023. However, esTROVE that is vested is not eligible for staking or fee sharing.

Where to buy TROVE Token

You can find TROVE Token here at MEXC! We are listing TROVE/USDT in our Innovation Zone!

What is the Price of TROVE Tokens?

TROVE token is currently trading at $0.05154 per unit. It has a fully diluted market cap of $51,541,827. It also has a 24-hour trading volume of $4,902,634. You can check the live price of their token right here!

How to buy TROVE Tokens

You can buy TROVE Tokens on MEXC by following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “TROVE” using the search bar to see the available trading pairs. Take TROVE/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of TROVE you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy TROVE] to confirm your order. You will find the purchased TROVE in your Spot Wallet.

You can find a detailed guide on how to buy TROVE Tokens here.

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