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Origin Trail TRAC Bi yearly report is out TRAC treasury holds just under 44k ETH well funded project.
What do Google, OriginTrail (TRAC) Decentralized Knowledge Graph (ODN DKG), and Web3 have in common???
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Obsidian (ODN) is taught me a valuable lesson in diversifying the portfolio and looking out for red flags in the dev team
tldr; Origintrail has announced that V6 of their software is now released to the public. This is big news for the project, as it unlocks major new features and scalability. With V6, developers can now build their own dapps on the Origintrail Decentralized Network (ODN). *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
It’s correlated, but not as much as I’d have hoped. As pointed out in another thread on the OriginTrail sub, Trace Labs can set the cost of writing data to the ODN in Trac as effectively a master key. Trace Labs get paid directly by the partners in Fiat so while they’re getting paid, they’re probably not concerned about the price of the underlying token and willing to make it as cheap as possible for their partners.
Excited about TRAC. Could be promising with companies decide to store data on the ODN. But not enough just to have partnerships. Those partners and companies have to be using the ODN. The price of TRAC is directly tied to the usage of the tech. Without usage = no jobs.
If the ODN is adopted and used (jobs) then TRAC will perform very well over the next decade. It is all about usage though. Partnerships and affiliations don't matter unless they are loading data onto the ODN and thereby creating jobs. We shall see. Hopeful.
It's not emitted. It's 500 million tokens, no inflation, no burn. Trac can be moved between chains, the tokens just get locked on the ETH chain, and minted on xDai or Matic (currently). The 130ish million tokens that are not in circulation are tagged for network development, improvement, and maintenance. Everything else has been in circulation since 2019. The token itself is the glue that makes the entire thing possible. Companies upload data they want to share to the ODN and node holders (2300 nodes currently) hold this data for the agreed period of time and get paid in Trac for holding this data. The times vary from days to weeks, months, and even up to 5 years. The majority of data that is being published is for 6 months. Since switching away from the ETH network due to high gas fees, the data sets publication has kept increasing and has reached almost 7000 uploaded datasets in a month.
Holding nano from $32 to $0.6. Holding ODN Holding ARK
Yeah I heard r/CryptoCurrency is not a fan of Trac for whatever reason. Current circulating supply is 368Mn/500Mn. This is due to the fact that 132Mn tokens are tagged for the dev pool and future development and maintenance of the ODN protocol. 10+ Million tokens are currently locked up in nodes and jobs. The current exact number of locked up tokens can be seen on OTHub. So 26.4% NOT half.