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OriginTrail (TRAC) price, chart, coin profile and news
Find the latest OriginTrail (TRAC) price, coin profile, news and history to get you started with OriginTrail trading and investing.
What is OriginTrail?
OriginTrail is an ecosystem based on the Ethereum blockchain that has use cases in the supply industry. It aims to connect supply chain networks all over the world by enabling a trusted data exchange that is universal and collaborative in nature. The OriginTrial Decentralized Network (ODN) is an open-source protocol that facilitates data sharing between various companies and organizations that benefit from the protocol. It improves interoperability and enables a seamless data exchange between the parties. The information is securely shared in the completely decentralized network, which is monitored using oracles and artificial intelligence. ODN is a middle layer protocol, so it can interact with various blockchain networks. It already supports Ethereum, xDAI, and HyperLedger Fabric with both Polkadot integration and its own blockchain, StartFleet Chain, pending launch in 2021.
Among the core features of this network is data interoperability. It's built with globally recognized standards, thus enabling the homogeneity of data systems. This allows data from both legacy and blockchain-based systems to align efficiently. Once data is published on the network, a cryptographic hash is attached to the data, which is used to verify if the data is manipulated at any point in the network. TRAC is the native token of the ODN, which also behaves as its utility token. Essentially it acts as the binding factor for all the entities participating in the protocol. It's used as an incentive for the data holder’s good behavior and retains the data’s immutability. It's also used as a payment for the data holder’s time and resources. The token has a maximum supply of 500 million tokens that are pre-mined and non-inflationary.
OriginTrail (TRAC) is the 206th largest cryptocurrency in the world by market cap, valued at $357,851,934. The current price of OriginTrail is $0.974225, which is -0.029% lower than yesterday. Prices have ranged between $1.02 and $0.961718 over the past 24 hours. All prices are listed in US dollars and accurate as of January 18, 2022 05:01 UTC.
OriginTrail (TRAC) priceUse our graph to track the performance of (TRAC) over time.
OriginTrail at a glance
|Total TRAC supply||500,000,000|
|Notable team members||Tomaž Levak, Žiga Drev, Branimir Rakić|
|Partnerships||Oracle, BSI, EVRYTHNG|
|Industry||Supply chain management|
|Token uses||Utility token|
OriginTrail price performance over time
Disclaimer: Cryptocurrencies, including OriginTrail, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of TRAC is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the OriginTrail or any other cryptocurrency discussed.
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