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TürkçeOriginTrail Information
OriginTrail is revolutionizing supply chain transparency by leveraging decentralized technology to enable trust and traceability in various industries. The protocol facilitates the seamless sharing of data among different stakeholders while ensuring data integrity and provenance. By connecting offline and online worlds, OriginTrail is poised to empower businesses to build more efficient and reliable supply networks.
Understanding OriginTrail: A Comprehensive Overview
OriginTrail (TRAC) operates as a decentralized data exchange protocol, primarily designed to enable supply chain transparency. As the world becomes increasingly digitized, the significance of reliable data sharing across diverse sectors grows exponentially. OriginTrail targets this need by providing a secure platform for verifying and sharing product data throughout the supply chain.
Historical Development of OriginTrail
OriginTrail was launched in 2017 and aims to tackle inefficiencies in supply chains and data management. Its initial coin offering (ICO) successfully raised approximately $22 million, with the token achieving its all-time high (ATH) of $3.5 in November 2021. Since then, however, TRAC has experienced a significant decline of around 83.22% from its ATH. The token hit its all-time low (ATL) at about $0.00385 in March 2020, demonstrating a resilient recovery and an impressive ROI of over 488% since that time.
Advantages of OriginTrail
One of the principal advantages of OriginTrail is its scalability within the supply chain management ecosystem. By utilizing blockchain technology, it facilitates transparency and traceability, allowing stakeholders to verify the authenticity of data. This can lead to reduced costs associated with counterfeit products and inefficiencies during data handling.
Additionally, OriginTrail operates on a decentralized framework, ensuring that data is not controlled by a single entity. This decentralization enhances the security and reliability of the information shared across the network, as it mitigates the risks of data manipulation or leaks that are prevalent in centralized systems.
Challenges and Concerns
Despite its promising advantages, OriginTrail is not without challenges. The competition within the blockchain space, particularly in supply chain management, is fierce, with numerous emerging projects vying for market share. As the consumer awareness of blockchain technology rises, it becomes crucial for OriginTrail to differentiate itself through unique value propositions and partnerships.
Moreover, the volatility of the cryptocurrency market can impact the token’s price significantly, as seen from its dramatic price fluctuations. Investors often seek stability, which can be a limiting factor when considering investments in such projects.
Future Prospects of OriginTrail
The future prospects of OriginTrail hinge on its ability to expand its utility and forge partnerships within various industries. As more enterprises recognize the importance of transparency in their operations, projects like OriginTrail could see increased adoption. Enhancements in their protocol to support broader applications beyond supply chain management can also drive future growth.
Furthermore, a focus on developing user-friendly integrations and enhancing their technology infrastructure may facilitate smoother onboarding experiences for both businesses and consumers. With a current market cap of approximately $238 million and a circulating supply of 406 million tokens, there’s ample room for growth, especially if the project continues to innovate and adapt to market demands.
Conclusion
In summary, OriginTrail presents a compelling case for blockchain-driven supply chain transparency. While it has faced its share of challenges, particularly concerning market volatility and competition, the foundational principles of decentralization and data integrity position it well for future success. Investors and stakeholders should keep a close eye on its continued developments and partnerships while weighing the inherent risks of the cryptocurrency market.
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from price
$1
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General Information |
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Title
OriginTrail
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Symbol
trac
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Whitepaper
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Website
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Community
-
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Last Updated
2025-02-01 23:51
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Price Data |
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Current Price $
0.572453
$
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High 24h
0.629027
$
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Low 24h
0.571409
$
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Price Change 24h
-0.05252698250758
$
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Price Change % 24h
-8.40459
%
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Market Data |
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Market Cap
286088549
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Total Volume
2224646
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Market Cap Change 24h
-26198708.232894
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Market Cap Change % 24h
-8.3893
%
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Return on Investment (ROI)
472.45255027525
%
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Supply and Availability |
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Circulating Supply
499995032.602
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Total Supply
500000000
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Max Supply
500000000
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Historical Data |
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All Time High (ATH)
3.5
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ATH Change %
-83.6799
%
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ATH Date
2021-11-03 18:09
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All Time Low (ATL)
0.00385262
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ATL Change %
14747.30153
%
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ATL Date
2020-03-13 02:24
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