What is OriginTrail (TRAC)? Blockchain Platform with Huge Potential

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Bittime - Have you heard of OriginTrail (TRAC)? This token may not be as famous as Bitcoin or Ethereum, but make no mistake, TRAC has great potential, you know!

In this article, we will thoroughly discuss TRAC, starting from the meaning, history, price predictions, to the factors that influence it.

What is OriginTrail (TRAC)?

In short, OriginTrail is a platform that leverages blockchain technology to increase supply chain transparency and efficiency. Imagine being able to trace the origin of a product, ensure its authenticity, and see its journey from upstream to downstream easily. Well, that's what TRAC offers.

A Brief History of OriginTrail (TRAC)

TRAC was founded in 2018 by a team experienced in blockchain and supply chain. This platform was launched in 2020 and has been used by various companies in various industries, such as FMCG, pharmaceuticals and manufacturing.

What is TRAC Token?

TRAC token is a utility token used in the OriginTrail network. This token has a total supply of 500 million and is used for various purposes such as paying fees on the network, building network infrastructure, and gaining access to premium features. 

TRAC has great potential for growth because OriginTrail is an innovative blockchain project with useful solutions to increase supply chain transparency and efficiency.

Also Read How to Buy Crypto:

OriginTrail (TRAC) Price Prediction

The current price of TRAC (20 February 2024) is around IDR 13,685.99 per token. According to experts, TRAC prices are predicted to continue to increase in the next few years. Several factors driving this increase are:

• Increasing demand for transparent and efficient supply chain solutions.
• The increasingly rapid development of blockchain technology.
• OriginTrail collaborates with various large companies.

Short Term (1-3 Years)

• CoinPriceForecast: IDR 22,221.45 (2025)
• WalletInvestor: IDR 18,235.22 (2025)
• DigitalCoinPrice: IDR 20,770.28 (2025)

Medium Term (3-5 Years)

• PricePrediction.net: IDR 37,371.98 (2028)
• LongForecast: IDR 44,442.90 (2028)

Long Term (5 Years and above)

• Gov. Capital: IDR 103,857.25 (2030)
• CryptoPredictions: IDR 129,821.50 (2030)

Please remember that these predictions are only estimates and cannot be used as guarantees. Always do your own research before investing.

Factors Affecting OriginTrail (TRAC) Price

Here are some factors that can influence TRAC prices:

• Adoption of the OriginTrail platform by large enterprises.
• Development of blockchain technology.
• Global economic conditions.
• Market sentiment towards cryptocurrencies.

Also Read: Blockchain Assessment: How to Assess Different Blockchain Networks?

TRAC Performance

Since its launch in 2020, TRAC has shown quite impressive performance. Here is some performance data:

• Highest price: IDR 74,734.72 (14 April 2021)
• Lowest price: Rp. 1,949.06 (13 March 2020)
• Last 24 hour trading volume: IDR 1,250,742,734,643

Latest OriginTrail (TRAC) Update

Here are some of the latest updates from OriginTrail:

OriginTrail v6 

The latest version of the OriginTrail platform launching in November 2023 with various new features, such as:

• Traceability Engine: More advanced tracking engine to increase supply chain transparency and efficiency.
• Data Marketplace: A data marketplace to facilitate the exchange of supply chain data.
• Decentralized Identity: Decentralized identity to increase data security and privacy.

Collaboration with IBM 

OriginTrail collaborates with IBM to develop innovative supply chain solutions.

Tokenomic Token OriginTrail (TRAC)

Total Supply: 500,000,000 TRAC

Token Distribution:

• 40%: Public Sale
• 25%: Team & Advisors
• 20%: Ecosystem & Marketing
• 10%: Reserve

TRAC Token Usage:

• Pay fees on the OriginTrail network
• Build and maintain network infrastructure
• Gain access to premium features and services
• Supports network governance

Also Read: How Can Blockchain Improve the Quality of the Health Industry?

OriginTrail (TRAC) Fundamental Analysis

Strength

• Innovative blockchain solutions for supply chains
• Experienced team with a proven track record
• Partnership with well-known companies
• Active and growing community

Weakness

• Intense competition in the blockchain industry
• The adoption is still relatively new
• Token price volatility

Comparison of OriginTrail (TRAC) & Competitors

Expert Opinion About OriginTrail (TRAC)

• Gartner: "OriginTrail is one of the leading blockchain platforms for supply chains."
• IDC: "OriginTrail solutions can help companies improve the efficiency and transparency of their supply chains."
• Forbes: "OriginTrail is a blockchain project that has huge potential to transform the supply chain industry."

Conclusion

OriginTrail (TRAC) is a blockchain platform that has great potential to revolutionize supply chains. With increasing demand for transparent and efficient supply chain solutions, TRAC prices are predicted to continue to increase in the next few years.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

What Are Tokens?

What is a Liquidity Provider Token (LP Token)?

What are Utility Tokens?

What is a Token Economy?

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.