OriginTrail

Halal Rating :
Comfortable
Last Price $0.86 Last updated:
Rank 165
1D Change -8.83 %
Market Cap $356.03m
Circulating supply 414,995,032
Maximum supply None

Crypto Overview

Categories
  • Logistics
  • AI & Big Data
  • Enterprise Solutions
  • Interoperability
  • Smart Contracts
  • Ethereum Ecosystem
  • Polkadot Ecosystem
  • Polygon Ecosystem
  • Web3
  • Opensource
  • Layer 1

Project Overview

OriginTrail is a decentralized knowledge graph protocol that enables trusted data sharing between enterprises, organizations, and blockchains. The TRAC token serves as the native utility token powering the Decentralized Knowledge Graph (DKG) and is used for compensation of node runners, staking, and network operations.

Intended Utility

The primary purpose of TRAC is to facilitate the operation of the DKG network. Node operators must stake TRAC tokens to participate in the network and receive rewards for hosting and managing data. Users spend TRAC tokens to publish and query data on the network.

Actual Utility and Adoption

OriginTrail has demonstrated legitimate real-world adoption through partnerships with notable organizations including BSI (British Standards Institution), OneAgrix (Halal food traceability), and World Economic Forum. The protocol is actively used for supply chain traceability, certification verification, and data integrity assurance.

Token Distribution and Governance

Initial token distribution allocated 35% to the public sale, 30% to the team and advisors (with vesting), 20% for community incentives, and 15% for future development. The team has maintained transparent communication about token allocations and has consistently delivered on development milestones.

Technical Development

The project shows strong technical development activity with regular GitHub updates, the successful launch of OriginTrail Decentralized Network v6, and integration with multiple blockchain networks including Ethereum, Polygon, and Gnosis Chain. The team prioritizes development over marketing activities.

Crypto Impact

To assign a comfort level investing in OriginTrail from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to OriginTrail.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

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Justification for our Halal Rating