OriginTrail (TRAC) Price

TRAC

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Before trading any crypto assets it is important to understand the risks. This overview summarizes certain risks associated with TRAC. 

No securities regulatory authority has expressed an opinion about TRAC, including an opinion that TRAC itself is not a security and/or derivative.

Token Description & Project Background

OriginTrail is an Ethereum-run blockchain protocol for supply chain data. It was founded by Tomaz Levak, Ziga Drev and Branimi Rakic. The OriginTrail Decentralized Network (ODN) mainnet went live in December 2018

OriginTrail says its protocol allows companies throughout the global supply chain to share data securely, end-to-end, via a graph network monitored by AI and oracles. The network is designed to be a neutral interconnection hub for the Web3 era.

The network's TRAC token pays for data processing and storage.

While data in the various supply chains is transmuted off-chain, fingerprints of data are batched and stored on-chain authenticating the respective data. This minimizes storage needs on-chain and provides a balanced compromise for efficient validation of supply chain data.

Risks of TRAC

Like an investment in other crypto assets, there are some general risks to investing in TRAC. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in TRAC is subject to the following specific risks:

  • TRAC is not the only blockchain protocol for supply chain data. Any potential success associated with TRAC depends on OriginTrail’s rate of adoption by users and partners.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with TRAC. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The TRAC community and founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of TRAC have no recourse to the TRAC community, its founding team, or Uphold if TRAC declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing TRAC on the Uphold Platform, Uphold performed due diligence on TRAC and determined that TRAC is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

  • The creation, governance, usage, and design of TRAC, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
  • The supply, demand, maturity, utility, and liquidity of TRAC.
  • Any marketing materials put forward by the TRAC social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
  • Material technical risks associated with TRAC, including any code defects, security breaches and other threats concerning TRAC and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
  • Legal and regulatory risks associated with TRAC, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of TRAC. 

General

Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on June 21, 2023.

How to buy OriginTrail (TRAC)

With Uphold, you can buy digital currencies in just 11 clicks - even if you don’t have an account yet. 

Nothing could be easier.

Here’s how fast it is to get started:

1. Go to Uphold.com and click sign up.

2. Enter your email address and personal details. 

3. Click the link we send you and create a password

… and you’re off to the races!

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