OriginTrail (TRAC) is a blockchain-based protocol designed for supply chain management. It enables seamless data sharing among stakeholders, ensuring the authenticity and quality of products, and compliance with regulations. The protocol is built on Ethereum and uses the TRAC token to incentivize accurate data provision and pay for services. OriginTrail aims to address fragmented supply chain data by creating a decentralized network for secure and transparent data sharing.
OriginTrail (TRAC) is a blockchain-based protocol designed for supply chain management and data sharing. The TRAC token is the native cryptocurrency of the OriginTrail network and serves several purposes:
Staking and Collateral: TRAC is used for staking and setting collateral on the Decentralized Knowledge Graph (DKG) network nodes, ensuring the integrity and security of the data shared on the network.
Publishing and Updating Data: TRAC is used to pay for fees to publish and update Knowledge Assets, which are pieces of data stored on the network.
Incentivizing Network Participation: TRAC incentivizes network participants to provide accurate and timely data about supply chain activities, ensuring the reliability and trustworthiness of the data shared.
Data Storage and Services: TRAC is used to pay for data storage and other services on the network, making it a crucial component of the OriginTrail ecosystem.
Improving Keyword Ranking: TRAC can be used to improve the keyword ranking for information stored on the network, enhancing discoverability and accessibility.
Earning Rewards: Users can earn rewards by staking or delegating TRAC to DKG nodes, providing an additional incentive for participation in the network.
Overall, the TRAC token plays a central role in powering the OriginTrail ecosystem, ensuring the secure, transparent, and decentralized sharing of data across various industries.
To store OriginTrail (TRAC) tokens, you can use any EVM (Ethereum Virtual Machine) compatible wallet. Some popular options include:
- MetaMask: A widely used browser extension wallet that supports TRAC tokens.
- Hardware Wallets: Ledger and Trezor are secure hardware wallets that can store TRAC tokens.
- MyEtherWallet: A web-based wallet that supports TRAC tokens and allows interaction with the OriginTrail network.
These wallets ensure the safe storage of your TRAC tokens and enable you to participate in the OriginTrail ecosystem.
To buy OriginTrail (TRAC) tokens, follow these steps:
Create an Account: Sign up for a reliable centralized exchange like Coinbase, Uphold, or Binance. Verify your email address and identity by providing a valid ID and proof of address if required.
Add a Payment Method: Connect a payment method such as a bank account, debit card, or wire transfer to your exchange account.
Deposit Funds: Deposit the desired amount into your exchange account using your chosen payment method.
Search for OriginTrail: On the exchange platform, search for OriginTrail (TRAC) and select it from the list of available assets.
Enter the Amount: Enter the amount you want to spend in your local currency. The exchange will automatically convert this to the equivalent amount of TRAC tokens.
Finalize the Purchase: Preview your purchase details and confirm the transaction. Once the order processes, you will receive your TRAC tokens.
Alternatively, you can also use decentralized exchanges (DEXs) like Uniswap. For this, you will need to:
Download a Wallet: Download a crypto wallet like Trust Wallet or MetaMask that supports Ethereum.
Buy ETH: Purchase Ethereum (ETH) on a centralized exchange like Binance and transfer it to your wallet.
Connect to DEX: Connect your wallet to a DEX like Uniswap and swap your ETH for TRAC tokens.
- Store TRAC: Store your TRAC tokens in a wallet that supports ERC-20 tokens, such as Atomic Wallet or MetaMask.
Remember to always follow security best practices and be cautious of scams when buying and storing cryptocurrencies.
