LiraT

TRYT Price

What is LiraT about?

Launched in November 2022, LiraT (TRYT) is an asset-backed token redeemable 1:1 for 1 Turkish lira. Issued by Token Teknoloji Anonim Şirketi, this token is fully backed by Turkish lira on the blockchain at a 1:1 ratio and indexed to the price of Turkish lira. For every TRYT created, an equivalent amount of Turkish lira is held as collateral in the company's reserves.

What makes LiraT unique?

TRYT provides a cost-effective, fast and secure solution for global users, offering direct ownership with no storage costs and high accessibility for 24/7 transactions and transfers, regardless of geographical boundaries. Unlike fiat Turkish lira transaction limits in the market, there are no minimum transaction limits for TRYT. TRYT transactions are executed instantly and any amount of TRYT tokens can be converted to fiat currencies, ensuring quick and efficient transactions.

What's next for LiraT?

As the demand for TRYT tokens increases, Token Teknoloji Anonim Şirketi will add the equivalent amount of Turkish lira to its reserves for each TRYT token upon request from institutions wishing to meet their demand. This ensures that the 1:1 ratio between Turkish lira and TRYT is maintained whilst keeping the market in balance between supply and demand.

What can LiraT be used for?

TRYT is created and runs on the Avalanche C-Chain and Polygon blockchain, and it is compatible with all blockchain wallets that support EVM. It uses smart contracts to automatically manage the collateralization process. And a coin burn function is built into the blockchain's smart contract to remove a pre-determined amount of TRYT tokens from circulation when needed, ensuring a balance between TRYT and the Turkish lira. Thanks to this mint-and-burn mechanism, the price of TRYT is always in equilibrium with the price of the Turkish lira.

Where can you buy LiraT?

TRYT tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade LiraT is Bitlo, where the most active trading pair TRYT/TRY has a trading volume of $0.440588 in the last 24 hours.

What is the daily trading volume of LiraT (TRYT)?

The trading volume of LiraT (TRYT) is $0.440564 in the last 24 hours, representing a 0.00% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for LiraT (TRYT)?

LiraT (TRYT) reached an all-time high of $0.03847 and an all-time low of $0.02252. It’s now trading -41.40% below that peak and 0.10% above its lowest price.

What is the fully diluted valuation of LiraT (TRYT)?

The fully diluted valuation (FDV) of LiraT (TRYT) is $10,141.09. This is a statistical representation of the maximum market cap, assuming total number of 450 Thousand ETH tokens are in circulation today.

How does the price performance of LiraT compare against its peers?

With a price increase of 0.00% in the last 7 days, LiraT (TRYT) is outperforming the global cryptocurrency market which is down -5.10%, while underperforming when compared to similar Stablecoins cryptocurrencies which are up 0.00%.

How to add LiraT (TRYT) to MetaMask?

Adding LiraT (TRYT) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import TRYT as a token. You can copy TRYT’s contract address (0x95e376390f472fcaa21995169e11d523954b3bbb) and import it manually, or if you've installed MetaMask's chrome extension, add TRYT to MetaMask with one click on CoinGecko.

Add TRYT to MetaMask.