BiLira
Turkish Lira
for the Digital Era
Your connection to the decentralized internet
Your connection to the decentralized internet
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What is BiLira?

BiLira is a stable cryptocurrency that is backed by the Turkish Lira. This means that you can always buy and redeem 1 BiLira for ₺1.00 Turkish Lira.

Features

Stable Currency / Value

BiLira can be used as a stable currency for digital exchange.

Backed by Turkish Liras / 1 to 1 Parity

Every BiLira is always 100% collateralized by TL and is custodied by our banking partners.

Ease of Exchange

You can send the BiLira ERC-20 token to anyone in the world within minutes.

Participate in #DeFi

Explore and interact with decentralized finance products, easily exchange with other assets.

Security

Transparent

The bank account holdings will be audited and published regularly to prove existence of funds.

Legal Protection

Anyone who passes a KYC/AML check can purchase and redeem BiLira.

How does it work?

1

User wires funds to the Custodian Bank.

2

Bank confirms the transaction and notifies BiLira.

3

BiLira mints tokens and transfers to recipients Wallet.

1

User sends tokens for redemption to an address provided by BiLira.

2

Once BiLira receives the tokens, they are removed from the total supply.

3

BiLira notifies the Custodian Bank to wire funds to recipient's bank account.

FAQ

How do I know BiLira will hold its value?

Every BiLira is 100% backed by Turkish Lira and can be redeemed from our banking partners.

Who can buy BiLira?

Any user that passes our required identity verification process.

How do I buy BiLira?

The easiest way is to mint new BiLira through our platform.
Steps:

  • If you don’t have a BiLira account, sign up and verify your identity.
  • Log in to your BiLira account.
  • Start the minting process and receive instructions on where to send funds.
  • Send the funds and receive BiLira in your Ethereum wallet.

Alternatively, BiLira can be easily purchased through our Exchange partners as well.

How do I convert BiLira into Turkish Lira?

The easiest way to convert BiLira through our platform.

Steps:

  • If you don’t have a BiLira account, sign up and verify your identity.
  • Log in to your BiLira account.
  • Start the redeem process and receive instructions on where to send BiLira.
  • Send BiLira and receive Turkish Lira in your bank account.

Alternatively, BiLira can be easily exchanged for Turkish Lira through our Exchange partners as well.

How do I know my funds are secure?

All funds are kept in Turkish bank accounts and regular quarterly audits will be published to provide transparency for our stakeholders.

Who is BiLira for?

BiLira is the first stablecoin to be backed by a local asset, the Turkish Lira. We anticipate everyone to benefit from Blockchain powered trust that allows fast and secure settlements with low transaction fees.


Decentralized Finance dApps:

  • Enter Web 3.0 financial products without exposure to crypto volatility.

Exchanges:

  • Simplify complex settlements offered by traditional banks and exchanges through offering a convenient way.

Crypto Traders:

  • Hedge against volatility in the crypto market by moving your assets to a stablecoin.

More questions?

hello@bilira.co