Trac (TRAC) aims to facilitate completely decentralized tracking of Ordinals protocols. Currently, the trackers available for Ordinals protocols are largely centralized, which contradicts the decentralized nature of cryptocurrencies like Bitcoin (BTC). Trac addresses this issue by providing a decentralized network that allows everyone to participate in the tracking process, use it, and earn from their contributions. TRAC coin is the native asset of the Trac network. Here, you can find answers to various questions, such as what is Trac, what is TRAC coin, and how to acquire TRAC coin.
Trac is a pioneering project supported by a community dedicated to revolutionizing the way we interact with Ordinals protocols, especially with BRC-20 tokens. It is an infrastructure project aimed at tracking such protocols like BRC-20 tokens and sats extension domain names and providing a decentralized system for accessing these protocols. This decentralized system offers incentives to secure the tracking network and generally progresses with a voting method in the governance as well as in new and updated protocols.
One of the most critical tasks that Trac undertakes is to liberate the world of Ordinals from the shackles of centralized trackers that currently control BRC-20 protocols. Trac stands out as it paves the way for an era where control is entirely returned to users.
At the core of the project is a reliable, decentralized Software Development Kit (SDK) and the robust GUN protocol, which is the network’s backbone. Similar to the network of the largest cryptocurrency, BTC, the GUN protocol reflects the fundamental principles of providing an efficient system with a focus on encryption, speed, and reliability, reminiscent of Bittorrent.
Initially, Trac’s focal point was to track the widely used protocols of BRC-20. While the infrastructure project continues as a diligent assistant dedicated to tracking BRC-20 treasuries, minted tokens, amounts, and other critical data, the developers have moved to expand the use cases of Trac. Their dream is to take the project beyond tracking BRC-20 data and establish collaborations with other projects in the decentralized world.
Trac is also attempting to open a new playground for NFT creators. It offers a world where content creators can gamify their collections in a decentralized manner, create and apply their own game-related parameters, and track the progress of the game within these collections. In this respect, the project is revolutionizing the way we interact with digital collections, paving the way for a more immersive and interactive user experience.
What is TRAC Coin?
TRAC coin is the native asset of the Trac network. The supply of TRAC coin is limited to 21 million units, which corresponds to 100% of the maximum circulating supply of 21 million units. This means that the entire supply of the coin is in circulation.
Trac has proven itself to be more than just a concept; it is a fully functioning project that utilizes decentralized Ordinals data. The fact that it enables tracking of BRC-20 data and will soon offer other significant features as part of this ambitious project indicates that a range of innovative features is set to be introduced in the future.
How to Acquire TRAC Coin?
TRAC coin is currently available on a limited number of cryptocurrency exchanges. As of the date this article was prepared, December 18, 2023, it can be traded on Gate.io and the Ordinals division of the OKX exchange.
To purchase the coin, one can use Gate.io and perform transactions through the TRAC/USDT trading pair. To acquire TRAC coin, one must first register on Gate.io if not already a member. Once membership is completed, cryptocurrency or fiat money such as Turkish Lira should be transferred to the account wallet on Gate.io. After the transfer is complete, TRAC coin can be purchased through the aforementioned trading pair.
To buy TRAC/USDT on Gate.io, one should first go to the interface of this trading pair. From the limit tab on the interface, the desired amount to be purchased is entered. After entering the amount, the purchase is completed with the TRAC Buy order.
