BiLira, the first blockchain-based Turkish stablecoin, was developed in April 2019 to ensure that everyone has equal rights in the financial world of the future and can connect with decentralized finance assets. The cryptocurrency expressed in the abbreviation of TRYB is fixed to TL in the ratio of 1:1. Anyone who completes the KYC / AML process can own BiLira.
The cryptocurrency, which enables investors to step into the cryptocurrency world without the risk of depreciation, also aims to create an opportunity for individuals to adopt the use of BiLira in their daily lives.
BiLira is the first stablecoin to be backed by Turkish Lira on the Ethereum network and is built on top of the Ethereum network in accordance with the standard methods of the ERC-20 interface. While the BiLira institution initially had sole authority over all roles, network license to provide cryptocurrency creation service to its members it aims to empower. Each smart contract is limited to its own roles to ensure the security and integrity of the network.
The BiLira organization has ownership over all addresses which correspond to exclusive functionalities:
Master Minter - Controls the addition, deletion and allowance of every minter.
Minters - Facilitates the minting and burning of BiLira tokens.
Pauser - Can pause any contract to prevent minting/redeeming and transferring of tokens.
Blacklister - Forbids a specific address from sending, receiving, minting/redeeming tokens.
Owner - Enables to re-assign any of the roles excluding the role of admin.
Admin - Permits a contract to re-assign itself and allows the contract to be upgraded.