Convert ARB to TRY
1 ARB = ₺4.80 Turkish Lira 1 TRY Turkish Lira = 0.20824636 ARB
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ARB/TRY Quote
The current value of 1 Arbitrum is ₺4.80TRY. In other words, to buy 5 ARB, you would spend ₺24.01TRY. Conversely, TRY₺1.000000 can be exchanged for 0.208246 ARB, and TRY₺50.00 will convert to 10.41 ARB, excluding platform fees or miner fees.
About Arbitrum
What is Arbitrum?
Arbitrum is an Ethereum layer-two (L2) scaling solution. It uses optimistic rollups to improve the speed, scalability, and cost-efficiency of Ethereum. Arbitrum also benefits from Ethereum’s security and compatibility. It also offers higher throughput and lower fees than Ethereum. This is made possible by moving most of the computation and storage load off-chain.
Arbitrum was founded by Ed Felten, formerly President Obama’s deputy Chief Technology Officer, Steven Goldfeder (CEO) and Harry Kalodner (CTO). The three co-founders met at Princeton University. The developers behind Arbitrum, Offchain Labs, have announced a shift to a decentralized autonomous organization (DAO) structure—the Arbitrum DAO.
What is the ARB Token?
The ARB token is the native currency of the Arbitrum network and is used for governance purposes. Holders of ARB can vote on proposals impacting features, protocol upgrades, fund allocation and the election of a Security Council. The Security Council comprises 12 members who are elected by Arbitrum DAO participants and are responsible for addressing risks within the Arbitrum ecosystem.
ARB tokenomics
With a maximum supply limit of 10 billion tokens, the ARB token—Arbitrum’s native cryptocurrency—was issued as an ERC-20 token.
Following the distribution of ARB through an airdrop, the Arbitrum Foundation became the Arbitrum DAO (Decentralized Autonomous Organization).
To celebrate this achievement, a substantial airdrop was held, distributing 1.162 billion ARB tokens (11.62% of the total supply) to users actively engaged with the Arbitrum ecosystem. This included individuals who bridged funds and conducted transactions on the platform.
Additionally, the Arbitrum DAO established a system through which a 12-person Security Council could be democratically elected. This council is responsible for implementing emergency and non-emergency measures to mitigate different threats to the ecosystem.
An L2 smart contract mechanism controls the yearly inflation rate of the ARB token, which can be up to 2%. This inflation ensures the sustainability of the Arbitrum ecosystem by enabling the progressive issuance of new tokens, thereby encouraging participation in the network.
Future Outlook of Arbitrum
A decentralized autonomous organization (DAO) governs the Arbitrum ecosystem, giving ARB holders a say in any proposed modifications. Cross-chain interoperability will allow the platform to work with tokens and coins on different blockchains without any hitches, expanding its potential user base. As developer tools and infrastructure evolve, building and deploying on Arbitrum is expected to become even easier, significantly expanding its reach.
Arbitrum’s scalability and low gas fees could pave the way for more complex and decentralized apps on the Ethereum network, potentially leading to a wider range of use cases and adoption, thereby impacting the ecosystem. Simply being part of the market could encourage other L2s to improve their services and innovate.
How to buy Arbitrum (ARB) ?
The easiest way to buy Arbitrum (ARB) is through a crypto exchange like BTCC. BTCC makes purchasing Arbitrum (ARB) easy and accessible whether you use fiat currency or crypto. Trusted by over 9.1 million investors across 100 countries, BTCC is dedicated to offering excellent crypto trading service for all trades. If you’re ready to dive in and make your first Arbitrum (ARB) purchase, register with BTCC today.
Exchange Table
ARB to TRY values from Today at
TRY to ARB values from Today at
Arbitrum FAQs
How to trade ARB/TRY futures on the BTCC platform?
Trading ARB/TRY involves speculating on its price movement. Follow these steps to start:
Fund Your Account: Deposit TRY or ARB into your BTCC account.
Navigate to the Market: Go to the "Trade" section and select the ARB/TRY trading pair.
Analyze the Chart: Use our professional trading charts and indicators to inform your decision.
Place Your Trade Order:
To Buy (Go Long): If you think the price will rise, place a buy order.
To Sell (Go Short): If you think the price will fall, open a short position (available in derivatives trading, such as futures).
Set Order Parameters: Choose between Market, Limit, or Stop orders based on your strategy, enter the amount, and confirm the order.
Manage Your Trade: Monitor your open positions and use Stop-Loss/Take-Profit orders to manage risk automatically.
For detailed guides on each order type and risk management, please visit our Help Centre
Can I trade ARB with TRY?
Yes, absolutely. BTCC supports multiple methods to gain exposure to Arbitrum(ARB) using TRY, from simple purchases to advanced trading strategies.
You can:
Buy Instantly: Use our "Buy Crypto" feature with a linked debit/credit card or bank transfer to purchase Arbitrum directly.
Trade on the Spot Market: Deposit TRY and place a buy order on the ARB/TRY spot trading pair using market or limit orders, taking direct ownership of the ARB.
Trade ARB/TRY Futures: For more advanced strategies, you can trade ARB/TRY perpetual or dated futures contracts. This allows you to speculate on Arbitrum's future price movements with leverage, enabling potential profits from both rising and falling markets without needing to hold the underlying asset directly.
How to convert ARB to TRY?
To perform your ARB to TRY conversion on BTCC:
Sign in to your account, or create a new BTCC account if needed.
Go to the trading interface and select the ARB/TRY trading pair.
Input the specific amount of Arbitrum you wish to sell.
Verify the displayed exchange rate and your final TRY total.
Confirm and finalize the sell transaction.
Following these steps, your TRY balance will be updated instantly.
What is the best way to use ARBTRY converter tool?
Our converter tool is designed for quick calculations. Here's how to use it:
Locate the 'Crypto Converter' section on our website or in the app.
Enter the amount of the ARB you want to convert in the first field.
The equivalent value in TRY will be instantly calculated and displayed in the second field, using the latest live market rate.
What is ARB/TRY exchange rate?
The ARB/TRY exchange rate is the current market price at which 1 Arbitrum(ARB) can be exchanged for TRY. Put simply, it tells you how many TRY one Arbitrum is worth at any given moment.
How much is 1 Arbitrum in TRY?
Currently, one Arbitrum is ₺4.80. Due to the 24/7 nature of the global cryptocurrency market, the price of 1 Arbitrum (ARB) in TRY is constantly changing. To see the live price, please check the market data section at the top of our platform or visit our ARB to TRY converter.
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