Why aren’t people investing in OriginTrail (Trac)?
The project is currently sitting at around 200th place in market cap depending where you look with a max total supply of 500 million tokens. All tokens in circulation. 70 million are TVL in nodes that are running on the network. At current numbers the network is yielding $20,000,000 yearly revenue for nodes and those who decided to stake their tokens.
I'll be first to admit that I've been aware of this project for years as it is an OG project from 2017(?) or something, but it never really clicked with me for several reasons. One main factor being that utility tokens tend to require low cost for anyone to want to use them. Which has been the case here for many years hence why I wasn't as hyped as some of the people promoting this project.
Well, fast forward to this Christmas and I randomly decided to revisit this project to see how things were going. Since I first learned about this project in 2021 things seemed to move in the right direction albeit slow. Real businesses were using the technology, big names were involved in it, British Standard Institute were adamant in applying OriginTrail to everything. Looked very promising but the demand for the token was lackluster mostly due to network limits.
I'll save everyone a long read and direct you simply to the official network statistics website for OriginTrail:
https://staking.origintrail.io/
The hockey stick increase that began 2 weeks ago in activity can be seen on the right chart. While Trac demand is on the left and is currently sitting at about 65-70,000 Trac per day. This equates to $20,000,000 yearly revenue for nodes and those who decided to stake their tokens. These tokens are being locked in nodes as payment to nodes as businesses upload data/hash it by creating something called "knowledge assets". All business demand, not random people or fake token lock-ups! After the upgrade to DKG v8, or Decentralized Knowledge Graph version 8, which apparently will boost 1000x increase in network capabilities a whole new dimension has opened up and is apparently in its infancy stage for global adoption.
I have personally started to stack up here, just curious why no one is paying attention? The adoption stage seem to be starting and businesses seem to be lined up to use this technology. It has basically opened up ability for any business, small or large, to build their own Knowledge Graphs, in a decentralized way.
Give me your opinions! Seems these guys have been really hard at work for 5-6 years now and things seem to be stacking up for them nicely. Token demand is directly related to businesses using the Trac token.
submitted by /u/justaddmetoit
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