OriginTrail Price
(TRAC)
USD($)
OriginTrail (TRAC) Live Price Chart
Overview
About
Analysis
FAQ
OriginTrail Live Price Data
The live price of OriginTrail is $0.8852, with a total trading volume of $ 220,209 in the last 24 hours. The price of OriginTrail changed by +2.13% in the past day, and its USD value has decreased by -7.6% over the last week. With a circulating supply of 414,995,031 TRAC, the market cap of OriginTrail is currently 366.58M USD, marking a --% increase today. OriginTrail currently ranks #148 in market cap.
How do you feel about OriginTrail today?
Note: This data is for reference only.
OriginTrail(TRAC) Profile
Rank148
BExpand 
Website
Documentation
Explorer
Contract
- Ethereum 0xaa7a9c...a6f
Audited By
- https://certificate.quantstamp.com/full/origin-trail-starfleet-staking.pdf
Code & Community
Investors
- --
$0.8419
$0.8883
- ATH
- $3.86
- Price Change (1h)
- -0.30%
- Price Change (24h)
- +2.13%
- Price Change (7d)
- -7.60%
- Market Cap
- $366.58M
- 24h Volume
- $220,209
- Circulating Supply
- 414,995,031
- Max Supply
- 500,000,000
About TRAC
How can I buy OriginTrail (TRAC)?
Buying TRAC 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 OriginTrail (TRAC) for more information. What Is OriginTrail (TRAC) Crypto?
OriginTrail is a decentralized knowledge graph built on blockchain technology. It is a neutral and open-source data-sharing protocol between companies and organizations.
The protocol enables system interoperability by utilizing decentralized nodes and an off-chain technology stack that interfaces with legacy systems and other blockchains, whether permissioned or permissionless.
The OriginTrail project focuses on various use cases, including but not limited to supply chain tracking, verifying art and diplomas, and validating business certifications. TRAC tokens are utilized to pay for data processing and storage on the OriginTrail network.
The TRAC token is the original token of OriginTrail and plays a vital role within the ecosystem. It serves as the token that powers the creation of web3-grade assets living in the Decentralized Knowledge Graph (DKG) of OriginTrail. Additionally, TRAC is used for data processing, storage, and network governance.
How Does OriginTrail Work?
OriginTrail is a neutral, open-source protocol that facilitates data sharing between companies and organizations. It utilizes a decentralized network of nodes and an off-chain technology stack to enable data interoperability among various systems and blockchains, both permissioned and permissionless.
The OriginTrail protocol allows for data exchange through multiple data exchange protocols and facilitates integration with legacy systems. It enables businesses to improve interoperability, ensuring the seamless flow of data across different platforms.
The OriginTrail Decentralized Network (ODN) is a key component of the OriginTrail ecosystem. It runs a permissionless, multi-chain OriginTrail Decentralized Knowledge Graph (DKG) implementation. With the ODN, users can query data across many systems, exchange it using different protocols, and integrate it into local knowledge graphs or data stores.
OriginTrail has found applications in various industries. For example, it is used by BSI and SCAN to ensure the integrity of security audits for some of the largest US importers. In the food safety market, OriginTrail, along with Big Data, is transforming the European food certification market.
History of OriginTrail and TRAC Token
OriginTrail's development and implementation have been driven by Trace Labs, the organization responsible for the project's open-source protocol and trusted network applications. Trace Labs facilitates cross-organizational data exchange in global supply chains and corporate environments.
OriginTrail's journey began in 2014 when they conducted initial tests for tracking organic beef products. They gradually expanded their focus to include the tracking of food products in general.
In 2016, the project introduced blockchain technology into its system, recognizing its potential to enhance supply chain transparency and data integrity. In January 2018, OriginTrail successfully conducted an Initial Coin Offering (ICO) and raised $22.5 million.
According to the official OriginTrail roadmap, the project is in the Turing phase of its development lifecycle as of May 2023. This phase, named after Alan Turing, introduces support for knowledge assets and Universal Asset Locators - which function similarly to URLs in web2, in V6 of its Decentralised Knowledge Graph (DKG).
OriginTrail (TRAC) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.0184 | 2.13% |
| 7 Days | $-0.0653 | -6.85% |
| 30 Days | $-0.0242 | -2.65% |
| 3 Months | $0.4382 | 97.53% |
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.
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OriginTrail Conversion Rate
FAQ
How much is 1 OriginTrail (TRAC) worth?
KuCoin provides real-time USD price updates for OriginTrail (TRAC). OriginTrail price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time TRAC to USD exchange rates. Is OriginTrail (TRAC) a Good Investment?
OriginTrail's utility lies in its decentralized protocol for data sharing and supply chain management. It aims to enhance transparency and trust in supply chain processes.
Assessing the potential value and growth of OriginTrail as an investment would require evaluating the protocol's adoption, partnerships with industry players, and the overall demand for such solutions.
In addition, the OriginTrail price could also strengthen as investor sentiment toward cryptocurrencies improves. A positive mood in the crypto market encourages buying activity, boosting the TRAC price statistics.
What is OriginTrail Price Prediction?
While we cannot offer a reliable TRAC price prediction over any timeframe, you could monitor several key factors to understand volatility in the token better:
Adoption of OriginTrail Protocol
Adopting the OriginTrail protocol by businesses, organizations, and supply chain stakeholders can positively impact the demand for TRAC tokens. Partnerships and collaborations with industry players, especially those that drive real-world usage and integration, can contribute to the TRAC price appreciation.
Future Upgrades to OriginTrail
The development progress, upgrades, and enhancements to the OriginTrail protocol can influence investor confidence and market sentiment toward $TRAC. Improvements in scalability, security, interoperability, and the introduction of new features can positively impact the OriginTrail price.
Investor Sentiment Toward TRAC Crypto
The sentiment and behavior of investors, including market speculation and trading activity, can impact the short-term price movements of OriginTrail. News, social media trends, and investor perception can contribute to price volatility in TRAC tokens.
Crypto Market Sentiment
The overall market sentiment and conditions in the cryptocurrency market can significantly impact the price of OriginTrail. Factors such as market volatility, investor sentiment, regulatory developments, and macroeconomic trends can influence the demand and supply dynamics of TRAC tokens.
What Is TRAC Token Used For?
TRAC is the native cryptocurrency of the OriginTrail ecosystem and has the following use cases:
Utility Token
TRAC is a utility token that drives the entire Decentralized Knowledge Graph (DKG) of the OriginTrail protocol and is necessary for publishing data and maintaining the integrity of the decentralized knowledge graph. It is used for incentivizing protocol behavior and performing operations within the network.
Operating DKG on OriginTrail
The TRAC token is utilized for the operations related to the Decentralized Knowledge Graph (DKG) of OriginTrail. It enables participants to contribute to and interact with the knowledge graph, ensuring trust and transparency in supply chain data.
Creating Web3-grade Assets on OriginTrail
TRAC plays a crucial role in enabling the creation and utilization of these assets within the DKG. TRAC drives the creation of web3-grade assets within the OriginTrail ecosystem, facilitating secure and transparent data exchange in global supply chains and corporate environments.
Buy, Sell, or Hold OriginTrail (TRAC)
Trade OriginTrail tokens against other crypto assets on KuCoin Spot Market or other supported platforms to profit from changing market conditions and volatility. Buy or sell TRAC or hold it long-term if you have faith in OriginTrail’s potential as an investment opportunity. Remember to DYOR before entering any new positions in the crypto market.
How to Stake TRAC on OriginTrail
OriginTrail has lets TRAC holders lock their tokens on the network to participate in operating nodes and helping secure the network. Before starting, note that you need at least 50,000 TRAC tokens to post as security collateral when running your OriginTrail V6 node.
Staking TRAC to run a node on the network requires some level of technical expertise. For more information on how to do this, refer to the official OriginTrail documentation to understand the staking process better.
What is OriginTrail Tokenomics?
The total supply of TRAC is fixed at 500 million. As of May 2023, the circulating supply of TRAC is a little over 393 million.
In addition, the OriginTrail ecosystem is also powered by the OriginTrail Parachain Token (OTP), which is used to facilitate transactions in the OriginTrail consensus layer. The total supply of OTP tokens is fixed at 1,000,000,000. The token distribution of OTP is given below:
1. 45% was allocated to kickstart incentivization pools.
2. 25% went for the initial auction distribution.
3. 25% was assigned to the Treasury.
4. 5% was distributed among the OriginTrail community.
What is the all-time high price of OriginTrail (TRAC)?
The all-time high price of OriginTrail (TRAC) is $3.8600. The current price of TRAC is down 77.09% from its all-time high.
What is the all-time low price of OriginTrail (TRAC)?
The all-time low price of OriginTrail (TRAC) is $0.0037. The current price of TRAC is up 23,310.39% from its all-time low.
How much OriginTrail (TRAC) is there in circulation?
As of 12 25, 2024, there is currently 414,995,031 TRAC in circulation. TRAC has a maximum supply of 500,000,000.
What is the market cap of OriginTrail (TRAC)?
The current market cap of TRAC is $366.58M. It is calculated by multiplying the current supply of TRAC by its real-time market price of $366.58M.
How do I store OriginTrail (TRAC)?
You can securely store your OriginTrail in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your TRAC 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 Pepe (PEPE) to cash?
You can instantly exchange your Pepe (PEPE) for cash using KuCoin's Fast Trade feature. This feature enables you to convert PEPE 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.