When was TRAC coin issued?

OriginTrail's TRAC, launched in 2017 as an ERC-20 token on Ethereum, empowers stakeholders to verify product authenticity and integrity throughout supply chains.

Nov 15, 2024 at 09:25 pm

TRAC: Unveiling the Evolution of Blockchain-Based Traceability

Introduction

TRAC, the native token of OriginTrail, has emerged as a pioneering force in the realm of blockchain-based traceability. Its inception in 2017 marked a watershed moment in the industry, heralding a new era of transparency and accountability in supply chains. Since its launch, TRAC has continuously pushed the boundaries of traceability, earning recognition as one of the most prominent players in the field.

Origins and Inspiration

The genesis of TRAC can be traced back to the realization of a pressing need for a reliable and tamper-proof system to track the movement of goods throughout complex supply chains. The founders of OriginTrail envisioned a decentralized platform that would empower businesses and consumers alike to verify the authenticity and integrity of products, from their point of origin to their final destination.

The dawn of TRAC: 2017

In 2017, OriginTrail embarked on its mission to revolutionize supply chain traceability with the launch of TRAC, an ERC-20 token built on the Ethereum blockchain. The token issuance kickstarted a journey that would reshape the way industries approach transparency and accountability.

TRAC: A Comprehensive Overview

TRAC is at the heart of OriginTrail's ecosystem, serving as a utility token that fuels the network's operations and incentivizes participation. Key aspects of TRAC include:

Use Cases: TRAC facilitates a wide range of applications within the OriginTrail ecosystem, including data storage, transaction finalization, and governance.
Governance: TRAC holders play a crucial role in network governance through decentralized voting, shaping the platform's future direction.
Value Appreciation: The increasing adoption and demand for TRAC have contributed to its value appreciation over time.

The Future of TRAC and OriginTrail

The team behind OriginTrail is continuously exploring innovative ways to expand the capabilities of TRAC and the OriginTrail ecosystem. With a focus on scalability, interoperability, and user experience, the future holds exciting developments for the project.

Additional Resources:

[OriginTrail Official Website](https://origintrail.io/)
[TRAC Token Profile](https://coinmarketcap.com/currencies/origintrail/)
[OriginTrail Whitepaper](https://origintrail.io/pdf/OriginTrail%20Whitepaper%202023.pdf)

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