TRAC was introduced in 2018 as an Ethereum-based ERC-20 token. It fixes the difficulties of misinformation in the age of AI. The ecosystem works to encourage the use of Web3 technologies, notably in the supply chain industry.
Do you find TRAC fascinating enough to invest? If yes, analyze all about the crypto. Check out the performance, utility, functionality, future price prediction, buying option, buying process, and credibility.
Let us dive in:
What is TRAC (Ordinals)?
TRAC is an open-source, permission-free Web3 infrastructure project that integrates knowledge graphs and blockchain technologies to build a neutral and inclusive environment. The TRAC token is used for DKG operations and to incentivize protocol behavior on three blockchains: Ethereum, Polygon, and Gnosis. Its tokenomics architecture includes both network layers and UALs to increase asset discoverability.
| Ticker Name | TRAC |
| Market Cap | $27,197,592 |
| 24-hour Trading Volume | $1,721,180 |
| Total Supply | 21,000,000 |
| Max Supply | 21,000,000 |
| Categories | BRC-20, inscription |
How does TRAC (Ordinals) work?
TRAC crypto uses different kinds of technologies for its operations:
DKG: It is the foundation of OriginTrail. Consider it a massive, secure database distributed among a chain of computers. It stored data on real-world assets using knowledge graphs, a connection-based information structure.
ODN: The ODN network was informed from computers that operated DKG. These nodes are not part of the leading blockchain and function independently. They interact and collaborate to validate and record data.
Publishing and Updating: Users use TRAC to publish and update information about products, certificates, or other assets onto the DKG.
Staking: Users stake TRAC on nodes to participate in the ODN and earn rewards The amount staked regulates how much data can be stored and the earned rewards.
Data Storage and Retrieval: When data is recorded on the DKG, TRAC rewards users for their storage and processing power. Users also pay TRAC to retrieve data from the DKG.
Security and Incentives: The ecosystem is designed to be safe and trustworthy. Staked TRAC acts as collateral. If a node does not provide data when requested, some of its staked TRAC will be removed for discouraging behavior.
Key factors of TRAC(Ordinals)
Here, we have given some significant factors of TRAC crypto, highlighting good and unique aspects:
Supply Chain Transparency: TRAC offers a secure and transparent way to track the journey throughout the supply chain. Businesses can use it to improve their efficiency, reduce fraud, and ensure product authenticity.
Data Democratisation: It is a revolutionary ideology for industries like pharmaceuticals or finance, where data exchange is crucial.
Interoperability: The developed TRAC can be interoperable with other blockchain platforms. So users can get smooth integration with existing systems, opening doors for broader use cases.
Tokenomics of TRAC:
The TRAC coin is the source of energy that powers OriginTrail. TRAC is an ERC-20 token that can be recorded in any EVM wallet, including MEtaMask, as well as hardware wallets like the Ledger or Trezor. Check out the token distribution of TRAC:
Future Price Prediction of TRAC (Ordinals)
While writing this, the 24-hour trading volume of TRAC is $1,893,949 for the last 24 hours. This is an increase of 1.60% from the previous day. Based on the analysis of the market trends, and other technical indicators,
we have made a seven-year price prediction for TRAC. Make informed decisions after analyzing the future price prediction of TRAC.
Check out the future price forecast of TRAC until 2030:
| Year | Minimum Price Prediction | Average Price Prediction | Maximum Price Prediction |
|---|---|---|---|
| 2024 | $1.41 | $1.76 | $2.11 |
| 2025 | $0.82 | $1.04 | $1.24 |
| 2026 | $1.11 | $1.39 | $1.67 |
| 2027 | $1.49 | $1.86 | $2.23 |
| 2028 | $1.99 | $1.49 | $2.99 |
| 2029 | $2.67 | $1.34 | $4.01 |
| 2030 | $3.58 | $1.48 | $5.37 |
Where can you buy TRAC (Ordinals) ?
Are you ready to invest in the TRAC? You can easily buy and sell TRAC tokens on centralized crypto exchanges. BitMart is the most prominent option with a trading volume $471,866 for the past 24 hours with the most active trading pair TRAC/USDT. FameEX, AscendEX (BitMart), HTX, Gate.io, and Bitget are some of the other exchange options available.
How can you buy TRAC (Ordinals) ?
If the investment budget and strategy is ready, you can proceed to buy TRAC. Check out the steps of purchasing the TRAC:
Step 1: The first step is to create your free account on the website or application of the exchange.
Step 2: You can fund the exchange account using your Credit Cards, Debit Cards, Bank Transfers, P2P trading, and Third Party Payment.
Step 3: Select TRAC from the buy option in the exchange to buy the token.
Step 4: You can now transfer TRAC to your wallet.
Is TRAC (Ordinals) a credible investment option?
You can follow OrigiTrail’s social platforms to get every recent update instantly. The scalability of the TARC token is impressive. TRAC can manage vast amounts of data and users efficiently. As per the analysis of the crypto, this seems to be a credible investment option for both beginners and expert traders.
The crypto investment is subject to the nature of the market. Make sure that you do your own research before confirming the investment.
Read more: Curve DAO(CRV) Price Prediction 2024 – 2030, Where To Buy, Is It A Good Investment?
