TRYC Explained in 6 Easy Steps

TRYC is a token fully backed by Turkish lira.

1.When was it founded and by whom?

TRYC was created by Paribu under Stoken, a subsidiary founded with an aim to offer products and investments to contribute to blockchain ecosystem.

2.TRYC’s infrastructure

TRYC runs on Ethereum blockchain.

For each TRYC created on blockchain, 1 Turkish lira is retained in bank accounts and it is subject to periodical audits by independent companies. TRYC cannot be minted unless it is retained as TRY funds in a bank account.

3.What does it offer to users?

TRYC was designed to protect against the risks arising out of price fluctuations as it is backed by Turkish lira as well as providing an opportunity to develop new products in decentralized finance (DeFi) systems.

It has a wide variety of use cases. This product can also be used for trading in DeFi ecosystems and NFT marketplaces, token transfers throughout the world with low fees and in a transparent manner as well as making donations to non-governmental organizations.

For more information about TRYC, click here.

4.Can TRYC be mined?

TRYC is not a type of token that allows mining activities.

5.All-time low, all-time high (ATH), and total supply

The total supply of TRYC is 50 million. Total supply may be increased in return for the amount of TL retained in bank account in proportion to the demand created.

5.How to trade TRYC on Paribu?

By clicking on the link, you can instantly trade TRYC.

Bu içerik en son 26 October 2022 tarihinde güncellenmiştir.


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