Question 1

What is the current price of OriginTrail (TRAC)?

Accepted Answer

The current price of OriginTrail (TRAC) is A$ 0.319429\u003cspan class='text-neutral-500 dark:text-neutral-400'\u003e00\u003c/span\u003e. Keep in mind that crypto prices are extremely volatile and can change rapidly within a matter of minutes.

Question 2

What is OriginTrail (TRAC)?

Accepted Answer

OriginTrail is a unique blockchain platform that aims to enable seamless and secure data sharing and visibility along any supply chain. The TRAC token, OriginTrail's native cryptocurrency, is used as a compensation for network nodes participating in data verification and replication. In essence, OriginTrail is designed to enhance the transparency and efficiency of business operations.

Question 3

Who are the creators of OriginTrail?

Accepted Answer

The OriginTrail project was jointly founded by Tomaz Levak, Ziga Drev, and Branimir Rakic. They aimed to create a universal, collaborative and trusted data exchange ecosystem in the supply chain industry.

Question 4

How does OriginTrail work?

Accepted Answer

OriginTrail operates on a decentralized network of nodes where each node contributes to the data verification and replication process. This decentralized network ensures the immutability and availability of supply chain data, enhancing its reliability. Data creators publish data on the OriginTrail network using TRAC tokens. Nodes on the network then use these tokens to perform services like data verification and replication. This way, the TRAC token incentivizes maintaining the data integrity on OriginTrail network.

Question 5

What makes OriginTrail unique?

Accepted Answer

OriginTrail's uniqueness lies in its data-centric approach. Its decentralized network is designed specifically to handle and process supply chain data. It allows businesses to improve their efficiency through increased transparency and streamlined communication, which is not commonly seen in other blockchain projects. Unlike many other projects, OriginTrail also allows users to control who can access their data, providing an additional layer of security. The platform uses TRAC tokens to incentivize data integrity, ensuring the reliability of the data on the network.

Question 6

How is the OriginTrail network secured?

Accepted Answer

The OriginTrail network is secured through its decentralized network of nodes. Each of these nodes contributes to the data verification and replication process. This decentralization and cross-referencing of data make it extremely difficult for any malicious actors to manipulate the data on the network. Furthermore, OriginTrail's data protection mechanism allows users to control who can access their data, adding an extra layer of security to the network.

Question 7

What is OriginTrail's market capitalization?

Accepted Answer

As of now, OriginTrail's market cap is A$ 142.9M, ranking it at #205 among all cryptocurrencies.

Question 8

How many OriginTrail (TRAC) coins are in circulation?

Accepted Answer

The number of OriginTrail (TRAC) coins currently in circulation is 447.3M. Their total supply is capped at 500.0M.

Question 9

Where can you buy OriginTrail (TRAC)?

Accepted Answer

You can purchase OriginTrail (TRAC) on these exchanges: Binance US, Coinbase Pro, KuCoin, Kraken. As always with cryptocurrency investments, remember to double-check your transactions and store your tokens in a secure wallet.

Convert TRAC to AUD

Try our Crypto Pro app