How to buy OriginTrail (TRAC) in Australia
Learn how to buy OriginTrail (TRAC) easily by following a step-by-step guide and compare 10+ crypto exchanges.
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How to buy OriginTrail
Look for an exchange that supports both fiat and cryptocurrency to simplify buying OriginTrail.
- Open an account on an exchange that supports TRAC.
Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy OriginTrail.
- Buy OriginTrail.
Complete your OriginTrail purchase and then find the best wallet to store TRAC.
What is OriginTrail?
OriginTrail is an ecosystem based on the Ethereum blockchain that has use cases in the supply industry. It aims to connect supply chain networks all over the world by enabling a trusted data exchange that is universal and collaborative in nature. The OriginTrial Decentralized Network (ODN) is an open-source protocol that facilitates data sharing between various companies and organizations that benefit from the protocol. It improves interoperability and enables a seamless data exchange between the parties. The information is securely shared in the completely decentralised network, which is monitored using oracles and artificial intelligence. ODN is a middle layer protocol, so it can interact with various blockchain networks. It already supports Ethereum, xDAI, and HyperLedger Fabric with both Polkadot integration and its own blockchain, StartFleet Chain, pending launch in 2021.
Among the core features of this network is data interoperability. It's built with globally recognized standards, thus enabling the homogeneity of data systems. This allows data from both legacy and blockchain-based systems to align efficiently. Once data is published on the network, a cryptographic hash is attached to the data, which is used to verify if the data is manipulated at any point in the network. TRAC is the native token of the ODN, which also behaves as its utility token. Essentially it acts as the binding factor for all the entities participating in the protocol. It's used as an incentive for the data holder’s good behavior and retains the data’s immutability. It's also used as a payment for the data holder’s time and resources. The token has a maximum supply of 500 million tokens that are pre-mined and non-inflationary.
OriginTrail (TRAC) is the 180th largest cryptocurrency in the world by market cap, valued at $574,714,469. The current price of OriginTrail is $1.56, which is 0.037% lower than yesterday. Prices have ranged between $1.62 and $1.52 over the past 24 hours. All prices are listed in US dollars and accurate as of December 03, 2021 03:12 UTC.
Where to buy OriginTrail
Find an exchange to buy, sell and trade TRAC by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Is it a good time to buy OriginTrail?
The technical analysis gauge for OriginTrail displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of OriginTrail based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of OriginTrail: moving averages, oscillators and pivots. Finder is not responsible for how TRAC performs.
OriginTrail at a glance
|Total TRAC supply||500,000,000|
|Notable team members||Tomaž Levak, Žiga Drev, Branimir Rakić|
|Partnerships||Oracle, BSI, EVRYTHNG|
|Industry||Supply chain management|
|Token uses||Utility token|
OriginTrail price performance over time
How to sell OriginTrail
You can cash out your TRAC with the same exchange you bought it through:
- Sign in to the exchange you have TRAC on.
If you store your OriginTrail in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of TRAC you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of OriginTrail.
What to consider when buying OriginTrailInvestors often perceive cryptocurrencies as high reward financial instruments that help them to multiply their wealth quickly. But there are several risks associated with the plethora of cryptocurrencies available in the crypto market. Here's what you need to be aware of before including TRAC in your token basket:
- Reputation: OriginTrial is in collaboration with several high-profile entities such as the European Union, Oracle, British Standard Institutes (BSI) and GS1 Slovenija. It has also caught the attention of the World Economic Forum (WEF), which included this protocol as one of the top blockchain supply solutions in a report in 2020 and also mentioned it in an article where the protocol’s Essential COVID-19 Supplies Repository was described as an “Effective use of blockchain technology.” These endorsements add credibility to OriginTrial and its use cases.
- Integration: Since the protocol follows GS1, W3C and Web3 data standards, it ensures that major corporations’ data is also compatible with the platform, thus seamlessly integrating data from legacy systems and blockchain systems on the same network. This could increase institutional adoption of this protocol.
- Demand: Due to the inherent nature of the value proposition of the platform, it would only appeal to institutions and may never gain mass appeal. This means that the price of the token could be related to factors that have nothing to do with the crypto market at large but rather institutional demand and activity on the protocol.
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Disclaimer: Cryptocurrencies, including OriginTrail, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of TRAC is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the OriginTrail or any other cryptocurrency discussed.
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