What is BiLira (TRYB)?
BiLibra (TRYB) is a trusted stable cryptocurrency pegged on the Turkish Lira at a 1:1 ratio. Therefore, the BiLira price corresponds to the Turkish Lira price. TRYB was developed in April 2019, making it the first blockchain-based Turkish stablecoin. The token seeks to enable everyone equal rights in the financial world. It also connects its users with decentralized finance assets.
The BiLira crypto project was created to bridge the gap between Web 2.0 and Web 3.0. Web 2.0 is powered by fiat currencies such as Lira, the US dollar, and EURO. On the other hand, Web 3.0 is a blockchain-based decentralized ecosystem powered by digital assets such as cryptocurrencies, stablecoins, and non-fungible assets.
BiLira is offering a convenient on-ramp and off-ramp solution for cryptocurrency users to combat high volatility. The stability of the TRYB price means users do not have to worry about their tokens losing value significantly over a short time. Consequently, it pushes toward the development of decentralized finance (DeFi).
Overall, BiLira believes that blockchain-based stablecoins are the solution to the limitation of cryptocurrencies. Stablecoins can provide means for accessible, convenient, fast, and transparent financial interactions.
Use Cases of TRYB token
BiLira crypto holders can buy and sell digital assets using TRYB. They can also complete transfers anytime anywhere without any additional costs. Besides, as a trader, you can also use BiLira to hedge your crypto asset risk. Lastly, the TRYB token is convenient for making donations as it reduces the cost of donations, making them more impactful.
You can check the current TRYB price on the live BiLira price chart above.
Who Founded BiLira?
The founders of the BiLira project are Sinan Koc (CEO), Vidal Arditi (COO), and Murat Firat (CTO). The project still has a growing team of experts including software engineers, blockchain developers, and venture builders. The team has experience in internet technology, blockchain products, and consumer finance. BiLira team is trying to improve the Turkish Crypto ecosystem, partnering with reputable companies such as Ethereum, LunaDAO, and Avalanche.
