TRAC (TRAC)

Deprecated

Network Operations

TRAC is used as collateral on OriginTrail nodes, encouraging node operators to maintain network integrity and reliability. It powers the Decentralized Knowledge Graph (DKG) by enabling publishing, updating, querying, and securing data on the OriginTrail network.

Supply Chain and Asset Management

TRAC supports a trusted platform for supply chains, allowing users to share data, authenticate products, and track items securely. It also helps digitize real-world assets for validation and ownership transfer.

Data Verification and Transparency

The token ensures that shared data is authentic, traceable, and tamper-proof, helping to combat misinformation and data manipulation by verifying and organizing trusted data.

Incentives and Rewards

Node operators earn TRAC tokens as rewards for providing storage and computation resources, while token holders can delegate TRAC to increase node stakes and earn fees.

Ecosystem Growth and Partnerships

TRAC facilitates collaborations with technology companies and organizations, supporting the expansion of use cases in supply chains, AI, gaming, and decentralized data management.

Advantages

• TRAC is part of a solid and innovative project combining blockchain and knowledge graph technology to improve data connectivity and trust.
• It has strong partnerships with reputable organizations like Walmart, Oracle, Microsoft, and the EU Commission, which supports its real-world use cases.
• The project is blockchain-agnostic and supports multiple ecosystems, increasing its flexibility and adoption potential.
• TRAC has shown resilience in the crypto market, maintaining strength while many hype projects failed.
• It is designed for long-term value with a focus on real utility rather than hype or quick price jumps.
• The token supports a decentralized knowledge graph (DKG) that ensures data integrity and immutability.
• TRAC is available on many major exchanges, making it accessible for trading and investment.

Disadvantages

• TRAC has relatively low market visibility and marketing, which means fewer holders and lower trading volume compared to more popular tokens.
• The price can experience fluctuations and downward swings, with technical indicators sometimes favoring sellers.
• The project’s slow and steady approach may not appeal to investors looking for fast gains or hype-driven price increases.
• Some users feel stuck due to low volume and limited awareness, which can affect liquidity.
• There is some inconsistency in project communication and development updates, which might concern new investors.

Founders

TRAC was founded by Tomaž Levak (CEO), Žiga Drev (COO), and Branimir Rakić (CTO).

Background and Roles

They started TRAC in 2013 as a traceability platform. Levak leads as CEO, Drev manages operations as COO, and Rakić oversees technology as CTO.

Vision and Development

The founders developed TRAC into a web3 infrastructure project combining knowledge graph technology with blockchain. Their goal was to create a neutral and inclusive ecosystem focused on logistics, data provenance, and enterprise solutions.

Investors in TRAC

The investors in TRAC include retail traders who have contributed to fundraising efforts, such as the $9 million raised by FXCM veteran Ilies Larbi entirely from retail traders. Additionally, the OriginTrail ecosystem is supported by a broad community including over 150 members worldwide through the non-profit Trace Alliance, which acts as a partnership hub for knowledge exchange and networking. The project also has partnerships with leading technology companies and a grant program to support development and community growth.

Halal Status of TRAC

TRAC is considered halal because it is an open-source project that focuses on decentralized data organization and transparency within the Bitcoin ecosystem. It does not involve interest (riba), gambling (maisir), or excessive uncertainty (gharar), which are key concerns in Islamic finance.

Reasoning

The halal status depends on whether the crypto project aligns with Islamic finance principles. TRAC’s emphasis on transparency, decentralization, and utility in blockchain data management supports its permissibility. Islamic finance experts generally agree that cryptocurrencies without prohibited elements and with clear use cases can be halal.