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OriginTrail($TRAC)
$0.366257
Low $0.361937
High $0.396674
What is OriginTrail?
OriginTrail provides a helpful protocol solution to the problem of maintaining trust among all players involved in bringing a product to market by making the “chain” in “supply chain” more literal. Using blockchain technology, OriginTrail c...
OriginTrail provides a helpful protocol solution to the problem of maintaining trust among all players involved in bringing a product to market by making the “chain” in “supply chain” more literal. Using blockchain technology, OriginTrail can append immutable data to products as they take each step along the supply route. Thus, each participant not only verifies that their conditions are being met but that at every previous stage, the right conditions were also met by everyone else. This is achieved by making an application layer that allows data to be collected in the real world, and then stored on the blockchain. OriginTrail started out by testing their tracking with organic beef products in 2014, and they are still mostly involved in the tracking of food products in general. It wasn’t until 2016 that they introduced a blockchain into their system.
In January 2018, they raised US$22.5 million in their ICO. Since their ICO they’ve successfully launched their testnet, implemented privacy features, and achieved compliance with the GS1 standards that are integral to their business model. Their roadmap is robust and full of details, citing certifications with international bodies, alliances with companies, and entering new markets. Their mainnet is scheduled for launch in Q3 2018, and thereafter they appear to be on track to having all their services fully operational by 2020.
OriginTrail is not the first or only company to recognize that supply chains could benefit a great deal from blockchain technology. Ambrosus is also going for the same market, though they seem to be focused on food and pharmaceuticals specifically. It should be noted that most supply chains have their own specific quirks, and so specialization might be be a good option. Another potential competitor of OriginTrail is Waltonchain, a company based in China that puts heavy emphasis on RFID chip scanning as part of their business model. In other words, where OriginTrail wants to leverage existing systems for their infrastructure, Waltonchain wants to try and establish new standards and methods. OriginTrail’s token is called TRAC, and it’s an ERC-20 token, making it storable on any ERC-20 compatible wallet. The total supply is capped at 500 million tokens. The value in TRACE tokens comes from their utility on the OriginTrail network. Tokens are spent to store, retrieve, and send data about supply chains. Since TRACE can be bought and sold in a speculative market, that creates the potential for the price to go up, which would be counter to the needs of people on the network looking for stable prices for setting and getting data. However, prices for data saving and retrieval will be determined by auction, which should counter increasing token value for those using OriginTrail as a service.
The Internet of Things is a topic that gets a lot of press, and the general consensus is that it will be standard practice in the future for almost everything in the world to be tracked and traced for a wide variety of purposes. OriginTrail is one company that is demonstrating a concrete plan for exactly how that will be manifest. There really isn’t much to criticize in terms of the overall intention of the project. OriginTrail has identified a weak point in the very important world of supply chain management, that of reliable transfer of information all the way up and down the chain, and aims to provide a workable and clearly understood solution.
Issuance Blockchain
Ethereum
Tags
Funds
Influencers
CoinScouts Grade
Market Statistics
Volume
$867,695.00
Market Cap
$139,935,796.00
Fully Diluted
$183,128,500.00
Market cap Value
0.62 %
Circulating Supply
382,798,499
Max Supply
500,000,000
Total Supply
500,000,000
% of Max Supply
76.56%Self Reporting
Self-Reporting Dashboard (SRD)
Statistics
OriginTrail Statistics
Name
OriginTrailTicker
TRACPrice
$0.36625724 Hour Trading Volume
$867,695.0024 Hour Volume Change
-1.22%Market cap
$139,935,796.0024 Hour Market Cap Change
-6.74%Fully Diluted Market Cap
$183,128,500.00Price change 24 hour
10.81%Price change 7 days
-6.74%Price change 14 days
10.94%Price change 30 days
5.51%All Time Low/High
$0.00385262 | $3.5Percentage Change Since All Time High
-89.59%Percentage Change Since All Time Low
9,371.04%Market cap rank
#232Volume / Market Cap
0.00620Issuance Blockchain
EthereumCirculating Supply
382,798,499 (76.56%)Max Supply
500,000,000Total Supply
500,000,00024h Volatility
$0.09Twitter Followers
50,610Telegram Users
5,194Reddit Subscribers
11,864Github subs
35Github issues
174OriginTrail Markets
Upcoming OriginTrail Events
No upcoming events for OriginTrail known.
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OriginTrail News
Top AI Crypto Coins To Buy Amid GPT-4 Release
AI chatbot ChatGPT created quite a stir in the market when it first came into the limelight in late 2022, and with the recent release of its next-gen AI Model GPT-4, the spotlight has once more switched back to...Read full story
y Coingape
Last updated 15 days ago
Bullish
Launch of real-world use-case sparks a 162% rise in OriginTrail's TRAC token
TRAC price surged 162% as the rollout of OriginTrail v6 and the launch of AidTrust suggest the protocol is prepared for the Web3 migration....Read full story
y Cointelegraph
Last updated 1 year ago
Bullish
Top AI Crypto Coins To Buy Amid GPT-4 Release
AI chatbot ChatGPT created quite a stir in the market when it first came into the limelight in late 2022, and with the recent release of its next-gen AI Model GPT-4, the spotlight has once more switched back to... Read full story
By Coingape | Last updated 15 days ago |
Bullish
Launch of real-world use-case sparks a 162% rise in OriginTrail's TRAC token
TRAC price surged 162% as the rollout of OriginTrail v6 and the launch of AidTrust suggest the protocol is prepared for the Web3 migration.... Read full story
By Cointelegraph | Last updated 1 year ago |
Bullish
Eight Small-Cap Altcoins Get Custody Support From Top US Crypto Exchange Coinbase
Coinbase continues to expand its crypto footprint by offering custodial services to more than half a dozen altcoins. In a pair of tweets, the US-based cryptocurrency exchange says that it's adding eight new cry... Read full story
By The Daily Hodl | Last updated 1 year ago |
Bullish
7 Cryptos With Market Caps Below $1 Billion That Will Do Well in 2022
7 cryptos with market caps below $1 billion that will do well in 2022. They have a chance of spiking once the market acknowledges their unique features and prospects.... Read full story
By Investorplace | Last updated 1 year ago |
Bullish