BiLira is a blockchain initiative that creates stablecoins tied to the Turkish Lira. Its goal is to help “prepare the Turkish people and Turkey for the coming financial revolution” by making it simple to get involved with the decentralized ecosystem. It also intends to take advantage of the relatively large share of Turkish crypto users compared with other countries.

In particular, BiLira aims to issue a token designed to keep its price steady, aiming to limit the usual swings and volatility seen across crypto markets. It also wants to build a system where participants can securely mint BiLira (TRYB) tokens, with minting backed 1:1 by the Turkish Lira.

The BiLira (TRYB) token is collateralized at a 1:1 ratio with the Turkish Lira. It is also an ERC-20 token.

What are BiLira’s key features and how does it work?

BiLira offers multiple products to support its ecosystem, delivered through the BiLira Platform. Through this platform, users can buy, sell, and trade TRYB directly. It also displays live TRYB and Turkish Lira pricing information, helping users compare TRYB against a variety of other cryptocurrencies.

The BiLira Platform lets users connect their wallets and carry out swaps through DEXs. With non-custodial wallets, users can pursue the best available rates. The platform also makes it easier to interact with decentralized finance protocols.

What is noteworthy about BiLira?

BiLira includes built-in security mechanisms intended to keep the stablecoin functioning safely. This features a pause capability for the whole contract, which can be triggered if serious bugs are found or if any major problem arises that could threaten security. When paused, transfers, minting, and burning are halted.

BiLira can also blacklist an address so it cannot send or receive TRYB tokens if it is involved in malicious or otherwise harmful activity.

Additionally, by using the OpenZeppelin Unstructured-Storage Proxy pattern, BiLira can carry out smooth upgrades while maintaining usability. 

What can TRYB be used for?

TRYB can be used similarly to other cryptocurrencies, including as a payment option on supported decentralized applications and exchanges. It can also be used to interact with decentralized finance applications.

Where can you buy TRYB?

TRYB is listed for trading on the following CEXs and DEXs provided here. The most popular venues with the highest liquidity are MEXC Global and FTX Spot. The TRYB price will depend on the exchange you choose and on general market conditions. For current and historical TRYB market information, refer to the price charts shown on this page.