Taraxa Coin Price
(TARA)
USD($)
Taraxa Coin (TARA) Live Price Chart
Overview
About
Analysis
FAQ
Taraxa Coin Live Price Data
The live price of Taraxa Coin is $0.006844, with a total trading volume of $ 275,447 in the last 24 hours. The price of Taraxa Coin changed by -1.14% in the past day, and its USD value has decreased by -29.41% over the last week. With a circulating supply of 4.98B TARA, the market cap of Taraxa Coin is currently 34M USD, marking a --% increase today. Taraxa Coin currently ranks #-- in market cap.
How do you feel about Taraxa Coin today?
Note: This data is for reference only.
Taraxa Coin(TARA) Profile
Rank--
--Expand 
Website
Documentation
Explorer
Contract
- Ethereum 0x2f42b7...d6e
Audited By
- --
Code & Community
Investors
- YBB Foundation
- Titans Ventures
$0.005743
$0.007006
- ATH
- $0.077258
- Price Change (1h)
- +0.36%
- Price Change (24h)
- -1.14%
- Price Change (7d)
- -29.41%
- Market Cap
- $34M
- 24h Volume
- $275,447
- Circulating Supply
- 4.98B
- Max Supply
- 12B
About TARA
How can I buy Taraxa Coin (TARA)?
Buying TARA on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Taraxa Coin (TARA) for more information. What Is Taraxa (TARA) Crypto?
Taraxa is an EVM (Ethereum Virtual Machine) compatible Layer-1 blockchain that focuses on solving practical issues rather than just financial applications and speculation. Taraxa aims to offer a purpose-built, fast, scalable, and device-friendly public ledger.
It assists businesses in making better and more responsive decisions. Taraxa Consensus provides a secure and transparent ordering mechanism for blockchain transactions, enhancing trust and streamlining operations.
The TARA token, Taraxa's native cryptocurrency, serves several purposes within the network. It's used for voting, covering transaction gas fees, and staking.
How Does Taraxa Work?
Taraxa is an EVM-compatible smart contract platform that employs t-Graph consensus and utilizes a blockDAG (Directed Acyclic Graph) structure to solve real-world problems. Here’s how Taraxa works:
EVM Compatibility
Taraxa is compatible with the Ethereum Virtual Machine, allowing developers to leverage their existing knowledge of Ethereum smart contracts and tools.
t-Graph Consensus
Taraxa uses t-Graph consensus, a consensus algorithm, to validate and agree on transactions within the network.
BlockDAG Structure
Unlike traditional blockchains that use a linear chain of blocks, Taraxa utilizes a blockDAG structure. This structure enables multiple transactions to be confirmed in parallel, enhancing scalability and transaction throughput.
Transaction Jurisdiction
Taraxa implements an algorithm that defines Transaction Jurisdiction for each node when they propose blocks. This minimizes overlap and ensures efficient transaction processing.
Concurrency Engine
Taraxa provides a concurrency engine on top of the virtual machine (VM), allowing hundreds of smart contract calls to be processed in parallel. This enhances the platform's efficiency.
Staking
Users can stake their Taraxa tokens (TARA) to participate in network security and earn rewards, including an annual percentage yield (APY).
History of Taraxa and TARA Coin
Taraxa launched via an ICO in March 2021, following seed and private rounds in 2018. In 2022, the developers behind the Taraxa project delivered a stable and secure Layer-1 in preparation for the native token conversion.
The team also achieved excellent adoption on the Taraxa network with over 700M TARA staked, over 450M TARA delegated, 34 mainnet consensus nodes, and 138 testnet consensus nodes throughout the year.
In 2023, the Taraxa team is focused on driving usage and adoption for apps, social listening platform Echo, and Layer-1. The project also has plans to launch the Hype app alpha version and run Hype campaigns in the Taraxa community.
There are also plans to develop and publish APIs and SDKs for the Echo social listening platform. The Taraxa network will also undertake several initiatives to support the ecosystem, developers, and node operators throughout the year.
What Is Taraxa Tokenomics?
According to official documentation, the total supply of TARA is fixed at 10 billion tokens, and all tokens were minted in the genesis block when the network launched. The TARA token distribution is given below:
1. 9% of TARA supply was allocated to the seed round, 15.1% went to the private round, and 11.8% of tokens were issued during the public sale (ICO).
2. 15% of tokens were distributed among the Taraxa team, 20% went to the foundation, and 26.4% of the TARA supply was allotted to the community and ecosystem.
3. 0.65% TARA tokens were set aside for exchange security deposit.
Taraxa Coin (TARA) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-0.000079 | -1.14% |
| 7 Days | $-0.002853 | -29.41% |
| 30 Days | $0.003188 | 87.18% |
| 3 Months | $0.002632 | 62.48% |
24H Investment Barometer
24H
- Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Strong SellSellNeutralBuyStrong Buy
Taraxa Coin Conversion Rate
FAQ
How much is 1 Taraxa Coin (TARA) worth?
KuCoin provides real-time USD price updates for Taraxa Coin (TARA). Taraxa Coin price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time TARA to USD exchange rates. Is Taraxa (TARA) a Good Investment?
Taraxa is an interesting investment with a promising future, especially if you want to diversify your crypto portfolio. Its strong fundamentals and technology may attract investors seeking sustainable growth in the cryptocurrency space.
For investors seeking long-term returns, Taraxa is advantageous. Its unique technology, including blockDAG, positions it well for future adoption and utility.
Taraxa has shown strong potential, making it an attractive opportunity for those looking to invest in a project with growth potential. As cryptocurrencies gain mainstream acceptance, Taraxa's innovative approach could make it a valuable asset in an investment portfolio.
What Is Taraxa Price Prediction?
Owing to the high volatility in the crypto market, it is impossible to provide an accurate TARA coin price prediction over any timeframe. However, the following factors could offer an insight into the price trends in the Taraxa crypto:
Level of Adoption and On-chain Activity in Taraxa
Increased adoption of Taraxa for real-world use cases, such as in businesses or applications, can drive demand for the token and positively affect its price.
Taraxa Roadmap and Developments
Taraxa's technology and network upgrades, especially those improving scalability and security, can impact its price. Technological advancements often instill confidence in investors.
Crypto Market Trends
The broader cryptocurrency market trends can impact Taraxa's price. If major cryptocurrencies like Bitcoin and Ethereum experience significant price movements, it often ripples through the entire market, including Taraxa.
What Is TARA Token Used for?
TARA is the native token of the Taraxa network and has the following use cases:
Pay Gas Fees When Using Taraxa Blockchain
TARA tokens are used to pay for transaction processing on the Taraxa network. This includes executing smart contracts and recording transactions on the blockchain. Users pay TARA tokens as gas fees to incentivize network validators and ensure the smooth operation of the blockchain.
Stake TARA to Secure Taraxa Network
Network participants can stake TARA tokens to secure Taraxa and earn staking rewards. Stakers help validate transactions and secure the network, and they are rewarded with additional TARA tokens as an incentive.
Medium of Exchange within Taraxa Ecosystem
TARA tokens also function as a medium of exchange within the Taraxa ecosystem. Users can transfer TARA tokens to each other for various purposes, such as conducting business transactions or engaging in peer-to-peer transfers.
Trade or HODL TARA
Trade Taraxa coin against other cryptos on the KuCoin Spot Market to profit from changing market conditions and volatility. Buy or sell TARA, or hold the token long-term if you believe in the future potential of the Taraxa project. Remember to make any trading decision in the crypto market only after doing your own research (DYOR).
How to Stake TARA on Taraxa
Here’s how you can stake TARA on Taraxa via the community site to participate in the blockchain’s consensus mechanism and earn rewards:
1. Fund your wallet by buying TARA on KuCoin or other supported platforms and withdrawing your tokens.
2. Visit the Taraxa community site and connect your wallet to it.
3. Create your Taraxa account and pass KYC to start staking TARA.
4. Click Get Started under the Staking box on the homepage.
5. Select the delegator you want to stake your TARA tokens from the list of options. You must delegate a minimum of 1,000 TARA tokens for staking.
6. Enter the number of tokens you want to delegate and click Delegate.
7. Confirm the transaction from your wallet, and sit back and earn rewards from staking $TARA on the Taraxa community site.
What is the all-time high price of Taraxa Coin (TARA)?
The all-time high price of Taraxa Coin (TARA) is $0.077281. The current price of TARA is down 91.14% from its all-time high.
What is the all-time low price of Taraxa Coin (TARA)?
The all-time low price of Taraxa Coin (TARA) is $0.000591. The current price of TARA is up 1,057.45% from its all-time low.
How much Taraxa Coin (TARA) is there in circulation?
As of 12 21, 2024, there is currently 4.98B TARA in circulation. TARA has a maximum supply of 12B.
What is the market cap of Taraxa Coin (TARA)?
The current market cap of TARA is $34M. It is calculated by multiplying the current supply of TARA by its real-time market price of $34M.
How do I store Taraxa Coin (TARA)?
You can securely store your Taraxa Coin in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your TARA include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Wise Monkey (MONKY) to cash?
You can instantly exchange your Wise Monkey (MONKY) for cash using KuCoin's Fast Trade feature. This feature enables you to convert MONKY to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.