Digital Asset Entirely Backed by Physical Turkish Lira
LiraT (TRYT), is a collateralized stablecoin running on the Avalanche (AVAX) blockchain, and its price is indexed to the Turkish lira.
LiraT
TRYT
LiraT (TRYT)
The Cryptocurrency State of Turkish Lira
TRYT is a cryptocurrency with a physical equivalent. For every TRYT generated, the same value of Turkish lira is added to the company’s vaults. LiraT (TRYT) aims to make the Turkish lira more accessible to everyone and facilitate Turkish lira transactions.
Trade 24/7
LiraT (TRYT) is a digital asset that can be traded 24/7.
Traceable on Blockchain
All TRYT transactions can be traceable on the blockchain.
1:1 Equivalence with Physical TL
The ratio between LiraT (TRYT) and physical Turkish Lira stored in safe deposit vaults is 1:1.
No Storage Cost
Unlike physical Turkish Lira, TRYT investors are not charged custody, transfer, and administration costs.
Convertible to Turkish Lira
Investors holding TRYT can convert their assets into Turkish lira via the cryptocurrency trading platform bitlo.com.
24/7 Support
You can get 24/7 support for your token tradings to make an investment in the correct way.
How does LiraT (TRYT) Work?
LiraT (TRYT), which is backed by the Turkish lira, is built on the Avalanche (AVAX) blockchain. For each TRYT generated, the same value of Turkish lira is added to the company’s vaults. Investors can store TRYT tokens in Avalanche-compatible cryptocurrency wallets.
A smart contract was created to maintain the supply-demand balance between TRYT and the Turkish lira. When TRYT is generated, the same value of Turkish lira is automatically added to the company’s vaults by this smart contract.
When the amount of Turkish lira in the company’s vault decreases, GRAMS tokens in the equivalent value are burned by the smart contract. Thus, the 1:1 ratio between the TRYT token and the Turkish lira in the company’s vault is always maintained. This ensures that the TRYT token is not affected by sudden price fluctuations on cryptocurrency exchanges.
What are the Advantages of LiraT (TRYT)?
Price Stability
LiraT (TRYT), like all stablecoins, aims to provide price stability to its investors and protect them from sudden price fluctuations in the cryptocurrency market.
Trading without Middlemen
TRYT facilitates its holders’ access to physical silver. Thanks to blockchain technology, it is possible to execute Turkish lira transactions with TRYT from anywhere in the world, every day and every hour. Due to the decentralized structure of the blockchain, there is no need for intermediaries such as banks in executing transactions with TRYT.
Peer-to-Peer Transfers
The TRYT token can be sent peer-to-peer, directly from one wallet to another. Thus, TRYT transactions are much faster, less costly, and more secure than transactions in physical Turkish lira.
Transparent Structure
LiraT (TRYT) is completely transparent. Stablecoin investors usually have to rely on the relevant company’s statement on collateral.
Frequently Asked Questions
All the answers you seek about LiraT
TRYT, ani fiyat dalgalanmaları yaşanan kripto para piyasasında fiyat istikrarı sunan bir stablecoindir. Fiyatı Türk lirası tarafından desteklenen TRYT ile dünyanın her yerinden, 7/24 TL işlemleri yapılabilir.
TRYT, madenciliği yapılan bir kripto para birimi değildir. TRYT, Token Teknoloji tarafından, Türk lirası ile 1’e 1 oran dengesi korunacak şekilde arz edilir.
TRYT, Türkiye’nin köklü kripto para borsaları arasında yer alan Bitlo üzerinden kolayca ve güvenle satınalabilirsiniz.
TRYT, teminatlı bir stablecoindir. Dolaşımdaki her TRYT tokenın karşılığı olarak şirket kasalarında aynı değerde Türk lirası bulundurulur.
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