TRAC TRAC

TRAC Use Cases

The TRAC token serves several key functions within the OriginTrail ecosystem:

• Paying for Fees: TRAC is used to pay for fees associated with publishing and updating Knowledge Assets on the OriginTrail Decentralized Knowledge Graph (DKG).
• Staking and Delegating: TRAC can be staked or delegated on DKG nodes to increase the chance of receiving compensation for holding selected Knowledge Assets.
• Transfer of Value: TRAC facilitates the transfer of value within the network.
• Compensating Data Creators: TRAC compensates data creators, holders, and consumers for their contributions to the network.
• Data Marketplaces: TRAC enables data creators to sell their data on open marketplaces, unlocking valuable proprietary siloed data.
• Staking and Network Incentivization: The staking system keeps all parties honest and incentivizes nodes to deliver data on demand and perform necessary consensus checks.

These use cases are central to the operation and growth of the OriginTrail network, making TRAC a critical component of the ecosystem.

Learn more about OriginTrail and TRAC at their official website.

Founders of TRAC

The founders of TRAC are:

• Tomaž Levak: Co-founder and CEO, with a background in project management and social sciences from the University of Ljubljana.
• Žiga Drev: Co-founder and COO, specializing in finance and economy from the University of Ljubljana.
• Branimir Rakić: Co-founder and CTO, with a Master of Science in Electrical and Computer Engineering from the University of Belgrade and experience in network engineering and web development.

Investors in TRAC

The specific investors in TRAC are not detailed in the provided sources. However, the project has raised significant funds through its ICO:

• Total Raised: $21.51M
• ICO Period: 15 Jan 2018 — 17 Jan 2018
• ICO Price: $0.100

For more detailed information on the project and its ecosystem, you can visit the official website: https://origintrail.io.

Halal Status of TRAC

• Halal Status: No specific information is provided in the search results about TRAC being halal or haram. However, based on general principles discussed in the sources:
  • General Principle: Cryptocurrencies are considered halal if they do not involve riba (interest), gharar (excessive uncertainty), or other prohibitions under Islamic principles.
  • Assessment: Without specific information on TRAC, it cannot be definitively classified as halal or haram. It would require an evaluation based on Islamic finance principles to determine its halal status.

Note:

For a definitive answer, it is recommended to consult a reliable Islamic finance source or a Shariah-compliant index that evaluates cryptocurrencies based on Islamic principles.