LiraT Price (TRYT)

Price of LiraT (TRYT) Today

The live price of LiraT (TRYT) today is 0.02835654 USD. It has a current market cap of $ 0.00 USD. TRYT to USD price is updated in real-time.
Key LiraT Market Performance:
- 24-hour trading volume is $ 1.10 USD
- LiraT price change within the day is -0.37%
- It has a circulating supply of 0.00 USD

Get real-time price updates of the TRYT to USD price on MEXC. Stay informed with the latest data and market analysis. It is essential for making smart trading decisions in the fast-paced cryptocurrency market. MEXC is your go-to platform for accurate TRYT price information.

LiraT (TRYT) Price Performance in USD

During today, the price change of LiraT to USD was $ -0.00010761167172374.
In the past 30 days, the price change of LiraT to USD was $ -0.0005574243.
In the past 60 days, the price change of LiraT to USD was $ -0.0007583446.
In the past 90 days, the price change of LiraT to USD was $ -0.000935550838705057.

LiraT (TRYT) Price Analysis

Discover the latest price analysis of LiraT: 24h Low & High, ATH and daily changes:

LiraT (TRYT) Market Information

Dive into the market statistics: market cap, 24h volume, and supply:

What is LiraT (TRYT)

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. 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. 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. 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. 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.

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