OriginTrail
TRAC
$0.23501591384410858
$93,235,594.14
Market capitalization(24h)
About OriginTrail
OriginTrail is a decentralized, blockchain-based supply chain management platform that enables seamless data sharing and interoperability between different systems and stakeholders in the supply chain.
About $TRAC token
The $TRAC token is the native cryptocurrency of the OriginTrail network, which is designed to provide a blockchain-based solution for supply chain data management and interoperability.
How to buy $TRAC with a payment card
1. Enter the amount of $TRAC and fiat currency that you wish to purchase.
2. Verify your phone and email.
3. Enter or create $TRAC wallet
You are given the option to enter your $TRAC wallet address or create one using the Swipelux widget.
4. Pass KYC flow
This verification process helps protect you from fraud and other malicious activities.
5. You're now ready to buy $TRAC with a credit and debit card.
$TRAC analytics
Market Position and Adoption: OriginTrail (TRAC) is a blockchain-based supply chain data ecosystem that aims to ensure data integrity, interconnectivity, and interoperability. TRAC is ranked #187 in terms of market capitalization and is currently on 42,874 watchlists. The project is focused on solving problems related to data fragmentation and data sharing in supply chain management. OriginTrail is widely adopted by various organizations across different industries such as food and beverage, pharmaceuticals, and logistics, among others.
Technology and Platform: The OriginTrail protocol is based on a decentralized network architecture that allows for secure, transparent, and tamper-proof data sharing. TRAC token is used to power the network, and participants can use it to purchase and sell data, stake tokens, and vote on governance proposals. The protocol is blockchain agnostic, and currently, it operates on the Ethereum blockchain. The team is exploring other blockchain solutions to improve scalability and enhance network performance.
Team: OriginTrail has a team of experts with extensive experience in the supply chain industry, software development, and blockchain technology. The team is led by Tomaž Levak, who has over 10 years of experience in supply chain management and logistics. The team is further supported by a strong advisory board that includes experts in supply chain management, finance, and blockchain technology.
Competition: OriginTrail faces competition from other blockchain-based supply chain management projects such as VeChain, Waltonchain, and Ambrosus. However, OriginTrail's focus on data interconnectivity and interoperability sets it apart from its competitors. The team has also partnered with various organizations across different industries, which has helped to increase the platform's adoption.
Supply: The current circulating supply of TRAC tokens is 365,481,590, which represents 73% of the total supply of 500,000,000 tokens. The maximum supply of TRAC tokens is fixed at 500,000,000, and no new tokens can be minted. The fully diluted market capitalization of TRAC is $188,054,612, and the token is currently trading at $0.376, with a 24-hour trading volume of $1,090,769.
$TRAC risks
1. Market volatility: As with any cryptocurrency, TRAC is subject to high levels of price volatility which may be affected by market sentiment, global economic conditions, and regulatory changes.
2. Adoption risk: OriginTrail aims to revolutionize supply chain management, but its adoption and success depend on the willingness of businesses to use and integrate the platform. If adoption remains low, the demand for TRAC tokens may be limited.
3. Competition: There are many other projects that aim to improve supply chain management and logistics, and OriginTrail faces competition from established players as well as other blockchain startups. If these competitors are able to offer a more compelling product, it could reduce demand for TRAC.
4. Regulation: The regulatory landscape for cryptocurrencies and blockchain technology is still developing, and changes in regulations could affect the market for TRAC. This includes changes in tax laws, reporting requirements, and restrictions on the use or transfer of digital assets.
5. Technology risk: OriginTrail is a complex platform that relies on a variety of technologies, including blockchain, smart contracts, and data analytics. Any technical issues, including bugs or vulnerabilities in the code, could undermine the functionality of the platform and affect the value of TRAC tokens.
6. Security risks: As a digital asset, TRAC is vulnerable to hacking and other security breaches. Any security incidents that affect OriginTrail's platform or ecosystem could harm the reputation of the project and reduce demand for TRAC tokens.
Potential market development triggers
Partnership with major logistics companies: OriginTrail's technology can bring significant benefits to logistics companies, including supply chain transparency, traceability, and efficiency. Partnerships with major logistics companies can lead to increased adoption of the OriginTrail protocol and ultimately increase the demand for TRAC tokens.
Expansion into new industries: OriginTrail's technology can also be applied to industries beyond logistics, such as food and agriculture, pharmaceuticals, and energy. By expanding into new industries, OriginTrail can increase the potential user base for its technology and increase the demand for TRAC tokens.
Adoption by governments: Governments around the world are increasingly interested in blockchain technology and its potential benefits. If OriginTrail can secure partnerships with government agencies to provide traceability and transparency in supply chains, it can lead to increased adoption of its protocol and increased demand for TRAC tokens.
Integration with other blockchain platforms: OriginTrail is built on the Ethereum blockchain, but it can also integrate with other blockchain platforms. Integration with other platforms can increase the potential user base for the OriginTrail protocol and increase demand for TRAC tokens.
Increased awareness and marketing: OriginTrail can increase awareness of its protocol and TRAC token through marketing efforts such as attending industry events, social media campaigns, and partnerships with influencers. Increased awareness can lead to increased adoption of the OriginTrail protocol and increased demand for TRAC tokens.