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OriginTrail priceTRAC
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About OriginTrail (TRAC)
What Is OriginTrail?
OriginTrail is a trusted knowledge infrastructure designed to address some of the most pressing challenges in supply chain management and data integrity. Launched in 2018, OriginTrail represents a significant leap forward in how supply chain data is shared, verified, and secured. At its core, OriginTrail facilitates the seamless exchange of information across different stakeholders, ensuring that data is not only transparent and accessible but also protected against tampering and fraud. The project is utilized by major corporations such as Home Depot, Walmart, and Target for supply chain and auditing services. OriginTrail's collaboration with the US Department of Homeland Security further underscores its practical utility and the trust it has garnered..
OriginTrail extends beyond traditional supply chain management, aiming to create a decentralized knowledge graph (DKG). This approach allows for the creation of a trustless database of information, making OriginTrail a vital tool in combating misinformation and enhancing data verifiability. By enabling the tokenization of reliable and verifiable knowledge, OriginTrail positions itself as a foundational layer for a new era of information exchange, where data's authenticity and source can be easily traced and verified.
Resources
Official Documents: https://origintrail.io/ecosystem/whitepaper
Official Website: https://origintrail.io/
How Does OriginTrail Work?
OriginTrail operates through a multi-layered system that combines blockchain technology, artificial intelligence (AI), and a unique protocol known as the OriginTrail Decentralized Network (ODN). The ODN facilitates the secure and efficient exchange of data across the network. This is complemented by the Decentralized Knowledge Graph (DKG), a layer that enables the creation and sharing of interconnected data sets. The DKG is designed to support the tokenization of data, allowing for the creation of "knowledge assets" that can be leveraged and valued similarly to financial assets in decentralized finance (DeFi).
The system's architecture is built to ensure scalability, interoperability, and privacy. It employs a combination of staking mechanisms, cryptographic hashing, and zero-knowledge proofs to protect user data while ensuring the network's integrity and efficiency. OriginTrail's approach to data sharing and verification addresses critical issues such as data silos and interoperability challenges, making it possible for various stakeholders to access and share information seamlessly. This not only enhances transparency and trust across supply chains but also opens up new avenues for data utilization and monetization.
What Is TRAC Token?
TRAC is the native utility token of the OriginTrail ecosystem, serving multiple key functions within the network. It is used to compensate data providers and nodes, pay for transaction fees, and serve as collateral. With a total supply of 500 million tokens, TRAC facilitates the publishing and updating of information on the network, known as 'Knowledge Assets'. It also plays a vital role in improving the visibility and ranking of this information, encouraging the adoption and usage of the OriginTrail Decentralized Knowledge Graph. Moreover, TRAC allows holders to earn rewards through staking or delegating tokens to DKG nodes, promoting active participation and investment in the network's growth and stability.
What Determines OriginTrail’s Price?
The price of OriginTrail (TRAC) is influenced by a complex interplay of factors, including its adoption rate within the supply chain and data management sectors, the overall performance of the blockchain and cryptocurrency markets, and investor sentiment towards its technological innovations like the Decentralized Knowledge Graph (DKG). As investors and analysts delve into price predictions for TRAC in 2024, they closely monitor historical charts and market trends, assessing TRAC's potential as a valuable investment in the burgeoning blockchain ecosystem. The token's utility in enhancing data transparency and efficiency, coupled with strategic partnerships and technological advancements, plays a crucial role in its market valuation. Consequently, understanding these dynamics is essential for anyone looking to gauge TRAC's investment potential and its position in the competitive landscape of cryptocurrency investments.
For those interested in investing or trading OriginTrail, one might wonder: Where to buy TRAC? You can purchase TRAC on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.
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OriginTrail news
BIO will soon launch on the Solana blockchain, confirmed founder Paul Kohlhaas. As of November, the DeSci project has raised a massive $33 million. BIO Protocol will participate in the JP Morgan Healthcare Conference next month.
DeSci is attracting a lot of interest from crypto users. Crypto analysts compare DeSci’s current state to that of DeFi in 2017. DeSci coins a low-cap, with massive upside potential.
OriginTrail Social Data
In the last 24 hours, the social media sentiment score for OriginTrail was 3.5, and the social media sentiment towards OriginTrail price trend was Bullish. The overall OriginTrail social media score was 210,864, which ranks 130 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with OriginTrail being mentioned with a frequency ratio of 0.02%, ranking 122 among all cryptocurrencies.
In the last 24 hours, there were a total of 675 unique users discussing OriginTrail, with a total of OriginTrail mentions of 191. However, compared to the previous 24-hour period, the number of unique users increase by 26%, and the total number of mentions has decrease by 25%.
On Twitter, there were a total of 15 tweets mentioning OriginTrail in the last 24 hours. Among them, 53% are bullish on OriginTrail, 20% are bearish on OriginTrail, and 27% are neutral on OriginTrail.
On Reddit, there were 40 posts mentioning OriginTrail in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 35% .
All social overview
3.5