TRYB Terms of Use

PARTIES

The terms below ("TRYB Terms of Use" or the "Terms") constitute the agreement between (1) Bilira Kripto Varlık Alım Satım Platformu A.Ş., having its place of business at Maslak Mah. A.O.S. 55. Sok. No:2, 42 Maslak A Blok D:287, Kat:14, No:11 Sarıyer/İstanbul, ("BiLira" and/or the "Company"), and (2) any natural or legal person that either purchases,sells, holds, and/or uses TRYB (as defined below) (the "Customer").
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1. DEFINITIONS

Crypto Asset: shall mean a digital representation of a value or a right which may be transferred and stored electronically, using distributed ledger technology, blockchain orsimilar technology.
‍Crypto Asset Wallet: shall mean physical, software, and/or hardware tools that can be tracked by anyone that store the private keys of the wallet owner, and allow crypto-asset transfers and transactions.‍

Platform: collectively, the internet domain of www.bilira.co and https://www.bilira.co/tr/product/bilira-kripto and any other subdomains and application software affiliated to this domain.

TRY: shall mean Turkish Lira.

TRYB: shall mean a stable Crypto Asset pegged to Turkish Lira, created and issued by the Company on different blockchains and also accessible through smart contracts to enable Customers to carry out blockchain transactions
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2. TERMS

2.1. BiLira guarantees that for each one (1) TRYB issued and in circulation, a corresponding one (1) TRY is to be held in reserve by the Company as collateral. However, we do not guarantee that the value of one (1) TRYB will always equal to one (1) TRY on third-party platforms, and we are not responsible for any losses or other issues that may result from fluctuations in the value of TRYB on third-party platforms or cryptocurrency exchange platforms.

2.2. The Company offers buying and selling services for TRYB in exchange for TRY.

2.3. The Customer can acquire, use, or dispose of TRYB through the Platform or other third-party platforms.

2.4. Unless otherwise provided herein, the Customer agrees and acknowledges that its acquisition, usage, disposal, or any other type of transaction in connection with TRYB through the Platform shall be governed by the Company's Framework Agreement.

2.5. The Customer hereby agrees and acknowledges that the Company shall not be responsible for any loss or damage from its acquisition, usage, disposal, or any other type of transaction in connection with TRYB outside of the Platform.

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3. BUYING AND SELLING TRYB

3.1. In the "Buy TRYB" transaction, the following steps shall take place:

● the Customer transfers TRY to the Company's bank account to purchase a specified amount of TRYB;

T● the Company's bank confirms the transaction and notifies the Company; and TRYB is sent by the Company to the relevant Crypto Asset Wallet address specified by the Customer, which can either be (i) a custodial in the Platform, or (ii) a noncustodial Crypto Asset Wallet outside the Platform and approved by the Company.

3.2. In the "Sell TRYB" transaction, the following steps shall take place:

● the Customer submits a ‘Sell TRYB’ request through the Platform upon confirmation of the "sell TRYB request."

● the Company provides the Company's bank with a withdrawal request which specifies the amount of TRY to be transferred to the Customer's bank account, indicating that at all times one (1) TRY is redeemable for one (1) TRYB; and the Company's bank, pursuant to the withdrawal request specified in limb (b), will send TRY to the Customer's bank account.

3.3. In the event that a Crypto Asset Wallet that is under the Customer's own responsibility and outside the Platform is (in any way) lost, stolen or seized by a third party, the Customer undertakes that they will not hold the Company responsible and irrevocably releases the Company from all damages arising.

3.4. Notwithstanding the above, the Company will be responsible for any loss of the Customer's assets held in any custodial wallet on the Platform.

3.5. The Customer accepts, declares, and undertakes that they will use their own Crypto Asset Wallet address, which they have verified on the Platform, to store their TRYBs and other Crypto Assets sent to them by the Company within the scope of their usage of their Platform account, and that the safekeeping of their Crypto Asset Wallet outside the Platform is solely their responsibility.

3.6. The Customer acknowledges that it may be technically impossible to track how the TRYBs purchased through the Platform are used, where and for what purpose they are transferred, or whether or not they are used for criminal purposes. The Company cannot be held liable for any damages and losses of the Customer or third parties arising or to arise from the misuse of TRYBs outside the Platform and/or by third parties.

3.7. The Customer agrees and acknowledges that the Company has no liability for changes in Crypto Asset values.

3.8. The Company undertakes that you can always purchase:

● one (1) TRYB in exchange for one (1) TRY; and

● convert one (1) TRYB into one (1) TRY through the Platform., the ultimate cost of one (1) TRYB to the Customer may differ due to the commission, tax or transaction fees charged by third-party organisations and the value paid for one (1) TRYB may differ from one (1) TRY . The Company is not responsible for any fluctuations in Crypto Asset values.

3.9. The Company reserves the right to hold TRYBs that are created but not in circulation (i.e. ready to be served to Customers).

3.10. The Company's obligations outlined herein are not of a crypto asset exchange. The Company bears no responsibility for any transactions between Customers and their Crypto Asset Wallet provider.

3.11. The Customer hereby agrees and acknowledges with these Terms that the Company shall not be responsible for any legal and/or blockchain transaction in which TRYB or its performance management is the subject matter, or relevant anyhow, including without limitation creating obligations over TRYB or lending TRYB.

3.12. The Customer also agrees and acknowledges that any blockchain transaction, including the transactions with TRYB, are irreversible by their nature, and neither the Company nor any other party could reverse, annul, or modify such transactions.

3.13. The Company reserves and maintains the right, when it deems necessary, to prohibit: sending, receiving, transferring, swapping, purchasing, redeeming, staking, trading, creating, any other use of, in other words to blacklist, all or part of the TRYBs in circulation, including the TRYBs stored within Customers' Crypto Asset Wallets outside the Platform or any Crypto Assets under custody by the Platform. Subject to receiving legal or administrative orders, the Company may seize any TRYB balance of the Customer and/or assign such TRYB balance to the competent governmental Crypto Asset Wallets or the recipients that such an order warrants.

3.14. The Customer hereby acknowledges that the Company is only listed in the "Temporary List of Active Crypto Asset Service Providers" published on the Capital Markets Board's (SPK) website, and is not an electronic-money institution, a credit institution, or a licensed entity in any way, and as such TRYBs are not subject to deposit insurance protections provided by applicable laws.

3.15. The Customer agrees that, in the absence of any specific provision in these Terms in relation to a specified situation, the provisions of the Framework Agreement shall apply.

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4. COMPLIANCE WITH APPLICABLE LAW, AML AND CTF COMPLIANCE‍

The Company and Customer are responsible for complying with applicable laws that may apply, including (but not limited to) tax, anti-money laundering("AML"), and counter terrorist financing ("CTF") laws. The Company's AML and CTF standards and procedures are guided by applicable laws and regulations. We take compliance very seriously, and it is our policy to take all necessary steps to prohibit fraudulent transactions, report suspicious activities, and actively engage in the prevention of money laundering and any related activities that facilitate money laundering, terrorist financing, or any other financial crimes.

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5. LIMITATION OF LIABILITY

To the maximum extent permitted by law, the Company shall not be liable for any indirect, incidental, special, consequential, or punitive damages, or any loss of profits or revenues, whether incurred directly or indirectly, or any loss of data, use, goodwill, or other intangible losses, resulting from (a) any unauthorized access to or use of the Company's servers and/or any data stored therein; (b) any interruption or cessation of transmission to or from the Company; (c) any errors or omissions in any content published, transmitted, or otherwise made available through the Company systems, and/or (d) the defamatory, offensive, or illegal conduct of any third party.

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6. INDEMNIFICATION

The Customer agrees to defend, indemnify, and hold harmless the Company and its affiliates, officers and employees, from and against any claims, liabilities, damages, losses, and expenses, including without limitation reasonable legal and accounting fees, arising directly from your material violation of these Terms.

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‍7. MODIFICATIONS TO THE TERMS

The Company reserves the right to amend or suspend these Terms (or any part thereof) without prior notice, by posting on its website or through other communication channels. The Customer, by accepting this Agreement, declares and undertakes to have accepted such changes in advance. The Company will notify Customers of such changes as soon as possible.

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8. GOVERNING LAW AND DISPUTE RESOLUTION

These Terms are subject to the laws of the Republic of Türkiye and any disputes that arise inconnection with these Terms from the use of TRYB, shall be exclusively resolved by Istanbul (Caglayan) Courts and execution offices.

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