Italian Lira (ITL)

The Italian Lira (ITL) is a cryptocurrency token developed on the Ethereum blockchain. It was the currency of Italy from 1861 to 2002 and also served as the currency of the Albanian Kingdom from 1941 to 1943. Although it was officially a national subunit of the euro between 1999 and 2002, cash payments were still made in lira since euro coins and notes were not yet available. The Italian Lira was subdivided into 100 centesimi and was symbolized by “L” or a double-crossed script form.

The ITL token is based on the Ethereum blockchain and does not require mining, making it energy efficient. Blockchain technology ensures secure and private transactions, allowing users complete control over their financial information without bank intervention. ITL aims to provide a decentralized payment system independent of governments. The development team behind ITL consists of a global group of young individuals working toward a clear alternative for the economic future of nations.

In 2021, the ITL token began transitioning into a decentralized, community-owned currency. The maximum circulation is being reduced to 30 billion coins, with 70 billion coins burned by the new development team. ITL can be bought or sold on authorized exchanges, and the ITL foundation does not promote investments or control the ITL market. Technical data, including total coin supply, blockchain explorer, contract address, and verified contract source code, can be found on the Ethereum blockchain. Various wallets with ERC-20 token support can be used for ITL transactions.