New Asset Proposal: BiLira Token (TRYB)

Summary

**Project website: bilira.co/en/home

We propose to list BiLira (TRYB) on C.R.E.A.M. BiLira (TRYB), the first fiat-backed stablecoin pegged 1:1 to the Turkish Lira, issued and managed by BiLira organization. BiLira launched in April 2019 to ensure financial inclusion for all and to connect everyone with decentralized financial products. Adding BiLira to the CREAM Finance platform would be a great addition as it has a large number of active DeFi users.

For

Add Bilira (TRYB) as a collateral asset

Against

No Nothing

Motivation

Why is it important to be listed on C.R.E.A.M. money market

C.R.E.A.M. is a top lending protocol on Ethereum, and it has been deployed on BSC. It has a great influence on DeFi market with a great number of users.

Benefits for C.R.E.A.M

BiLira has a large active and vibrant community across multiple social media channels. Onboarding the BiLira (TRYB) token will provide a direct integration into the burgeoning Turkish crypto ecosystem, expand the TVL of the C.R.E.A.M. Finance lending platform and generate more usage.

Background

  • BiLira token (TRYB) is a fiat-backed stablecoin.
  • BiLira aims to bridge the gap between centralized and decentralized finance, to offer a convenient on-ramp and off-ramp solution for crypto traders to combat high volatility and to support the future applications of decentralized finance.
  • Users who sign up and complete the KYC / AML process can issue and redeem TRYB for TRY on the BiLira platform, as well as view balances across DeFi protocols and easily swap between tokens with a built-in DEX aggregator.
  • Our long-term vision is to make every checking account, a savings account for citizens in emerging countries.
  • TRYB is a major fiat on/off ramp solution in the fast-growing Turkish market. Total crypto trading volume on centralized exchanges in Turkey exceeds $1bn per day.
  • In the last year, over 2 billion worth of tokens has been issued and redeemed by over 20k users.

Asset Details

  • BiLira Token Contract Address on Ethereum:
    0x2c537e5624e4af88a7ae4060c022609376c8d0eb
  • BiLira Token Contract Address on BSC:
    0x475D93ebA4EaD4034566F214a3A5c4ABacfEfDfe
    *BiLira Coingecko Token Rank: #549.
  • Dex liquidity pool on respective chain (Ethereum)
    • TRYB/ETH - Uniswap
    • TRYB/USDC - DFX.Finance
    • TRYB/USDC - Uniswap

Other details:

  • Our token is ERC20 compliant. We are live on Ethereum Mainnet, Binance Smart Chain, Algorand, Avalanche C-Chain and X-Chain.
  • Available on FTX, VirgoX, Icrypex, Paxful and Bittrex
  • Current market cap: $28,870,008
  • You may find our Github repository in here: BiLira Token
  • Currently, the total value of our liquidity pool on DFX Finance has exceeded $1,360,433,20.
  • The average of our last 3 months trading volumes in TRYB/USD on the FTX exchange is $38,684,959.4233. Also, our total trading volume in the BTC/TRYB pair has exceeded 140,292,342.94 USD.

Community and Communication:

  • Telegram: 1,898 members
  • Twitter : 10,300 followers
  • Linkedin: 1,753 followers
  • Bilira Youtube: 2,600 subscribers
  • Sub-stack: 5200 subscribers (LUNA DAO)
  • Medium: 218 subscribers
  • Our community is mainly based in Turkey.

Thank you for your consideration.