Convert TRAC to TRY

OriginTrail is a decentralised knowledge graph protocol designed to bring trust and transparency to global supply chains and AI data ecosystems.

Key takeaways

• OriginTrail (TRAC) is the utility token powering the OriginTrail Decentralised Knowledge Graph (DKG), a protocol for structuring and verifying real-world data.
• It operates on a unique Proof of Knowledge consensus mechanism, enabling verifiable data integrity for supply chains and AI training datasets.
• The TRAC token is used for publishing data assets, staking for node operation, and participating in network governance.
• The ecosystem is expanding beyond supply chains into the AI and Intellectual Property (IP) sectors with applications like the NeuroWeb.
• TRAC can be traded on major exchanges like BTCC.

What is OriginTrail? Key Specifications & Tokenomics

OriginTrail is a foundational layer for the trusted exchange of data, creating a verifiable and decentralised record of information flows across industries.

Who created OriginTrail (TRAC)?

OriginTrail was founded by a Slovenian team with deep expertise in supply chain management and blockchain technology. The key founders are:

• Žiga Drev: The current CEO and a co-founder, Drev has been the driving force behind OriginTrail's vision and business development since its inception.
• Tomaž Levak: Another co-founder who has played a crucial role in the protocol's development and strategic direction. The project originated from a need to solve data silo and transparency issues in complex supply chains. It conducted a successful initial coin offering (ICO) in early 2018 to fund the development of its decentralised protocol. The team has since grown to include developers, researchers, and partnerships focused on building the Decentralised Knowledge Graph.

How does OriginTrail (TRAC) work?

The OriginTrail protocol operates through its Decentralised Knowledge Graph (DKG), which is not a traditional blockchain but a layer for structuring and verifying data. Here’s how it functions:

• Data Publishing & Graph Creation: Organisations publish structured data (like product certifications, shipment details, or material provenance) onto the DKG. This data is stored in a graph format, creating interlinked, machine-readable knowledge assets.
• Proof of Knowledge Consensus: Unlike Proof-of-Work or Proof-of-Stake, OriginTrail uses a Proof of Knowledge mechanism. Network nodes (called ODN nodes) must cryptographically prove they hold and can serve the specific knowledge (data) they are responsible for, ensuring data availability and integrity.
• Multi-Chain Anchoring: The integrity proofs and key metadata from the DKG are periodically anchored to multiple public blockchains like Ethereum, Polygon, and Polkadot. This leverages the security of these base layers without storing all the bulk data on-chain.
• Node Network: A decentralised network of nodes hosts the knowledge graphs. Node operators stake TRAC tokens as collateral to provide hosting and indexing services, earning TRAC rewards in return.

What makes OriginTrail (TRAC) unique and valuable?

OriginTrail's primary innovation lies in its focus on creating a verifiable web of knowledge for real-world assets and data, which sets it apart in several ways:

• Decentralised Knowledge Graph for Physical World: It uniquely applies graph database technology in a decentralised manner to model relationships in supply chains, IP, and AI datasets, making "where did this come from and is it true?" a verifiable question.
• Trusted AI Data Pipeline: As AI requires vast amounts of reliable training data, OriginTrail's DKG provides a means to trace the origin, lineage, and integrity of datasets, addressing the critical issue of "garbage in, garbage out" in AI development.
• Interoperability by Design: The protocol is blockchain-agnostic. Its multi-chain approach allows it to plug into various ecosystems (Ethereum, Polkadot, etc.), maximising accessibility and utility for different enterprise partners and developers.
• Real-World Adoption: Unlike many crypto projects, OriginTrail has seen significant enterprise adoption, working with organisations like the British Standards Institution (BSI), Walmart, and the EU to improve supply chain transparency and standards compliance.

What is OriginTrail (TRAC) used for?

The TRAC token is the lifeblood of the OriginTrail DKG ecosystem, with several core utilities:

• Network Access Fee: To publish data assets onto the Decentralised Knowledge Graph, users must spend TRAC tokens. This acts as the fuel for creating verifiable knowledge.
• Node Staking and Rewards: Individuals or organisations operate OriginTrail nodes to host data and serve queries. They must stake TRAC as a bond, and in return, they earn TRAC rewards for the services they provide, creating a circular economy.
• Governance: TRAC holders can participate in the governance of the protocol, voting on key upgrades, parameter changes, and treasury allocations through the OriginTrail Parachain on Polkadot.
• Collateral for Data Assets: In advanced use cases, TRAC can be used as collateral to underpin the value or guarantee the integrity of high-value data assets published on the network.

How Is the OriginTrail (TRAC) Ecosystem Developing?

The OriginTrail ecosystem is dynamically evolving from its supply chain roots into a broader infrastructure for the trusted data economy.

• NeuroWeb Initiative: This is a major focus, aiming to build a decentralised network for tracing the provenance of AI training data and models. It seeks to ensure AI is trained on verifiable, trustworthy information.
• Polkadot Parachain: The acquisition and launch of the OriginTrail Parachain (a dedicated blockchain slot on Polkadot) has been a game-changer. It provides a dedicated, scalable home for the DKG and enables sophisticated on-chain governance and staking mechanics.
• Growing dApp Layer: Developers are building applications on top of the DKG, including solutions for intellectual property management, sustainable product passports, and credential verification.
• Strategic Partnerships: Continued collaboration with global standards bodies, corporations, and government projects ensures the protocol addresses real-market needs and drives token utility.

How to mine OriginTrail (TRAC)?

OriginTrail (TRAC) is not a mineable cryptocurrency in the traditional Proof-of-Work sense. New TRAC tokens are not created through computational mining. Instead, the fixed supply of 500 million TRAC was created at genesis. The primary way to earn TRAC tokens is by providing valuable services to the network:

• Operating a Node: By setting up and running an OriginTrail Decentralised Network (ODN) node, you stake TRAC and earn rewards for hosting data and responding to queries. This is analogous to "staking" in a Proof-of-Stake system but is specifically rewarded for proof of useful work (data service).
• Participating in the Ecosystem: Engaging in community initiatives, development bounties, or grants funded by the treasury may provide opportunities to earn TRAC.
• Trading: The most common method for Australians to acquire TRAC is by purchasing it on a cryptocurrency exchange like BTCC.

How to keep your TRAC Coin safe?

Securing your TRAC tokens is paramount, given their utility and value within the ecosystem.

• Hardware Wallets (Highest Security): For long-term storage of significant amounts, use a reputable hardware wallet like Ledger or Trezor. Ensure your device supports the Ethereum or Polygon network (where your TRAC may be held as an ERC-20 or other standard token) and always keep your recovery phrase offline and private.
• Software Wallets (For Active Use): If you need to interact with the OriginTrail DKG, stake on the parachain, or use dApps, a non-custodial software wallet like MetaMask or Talisman (for Polkadot) is essential. Never share your private keys or seed phrase.
• Exchange Wallets (For Trading Only): While convenient for active trading on platforms like BTCC, leaving large holdings on any exchange is risky. Use exchange wallets primarily for the trading process and withdraw to your private wallet for safekeeping.
• Stay Vigilant: Be wary of phishing sites, fake wallet apps, and unsolicited offers. Always double-check URLs and official communication channels.

How to buy TRAC Coin?

TRAC is a popular cryptocurrency listed on many exchanges. However, it is recommended to trade on a major platform like BTCC exchange for higher liquidity and better customer support.

1. Register a BTCC Account: Sign up using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.
2. Deposit Funds: Deposit fiat currency (via bank transfer, card, or third-party payment) or transfer USDT from an external wallet into your BTCC account. You can follow this guide.
3. Start Trading: Go to the trading page and search for the spot trading pair TRAC/USDT or the perpetual contract TRAC/USDT.
4. Place an Order: Enter the amount of TRAC you wish to purchase and submit the order. For contract trading, you can also choose to go short (sell) and adjust the leverage multiplier according to your strategy and risk tolerance.
5. Confirm Your Purchase: For spot purchases, check your personal account to see if the coins have arrived. For contract trades, check the trading page to see if your order was filled successfully.