Why aren’t people investing in OriginTrail (Trac)?
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.
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.