Taraxa TARA

1. Summary

Ranks

Liquidity

85

Developer

59

Social

82

Momentum (beta)

41

Stack Rank™

41

Price

$0.005192280000 -1.0%

Market Cap

$22.67M (#907)

Supply

3.89B / 10.44B

Tags

Smart Contracts Big Data Ethereum Ecosystem Identity Layer 1 (L1)

More Metrics

Price
52W High price	$0.02
52W High date	20th Nov 2023 (8 months ago)
All Time High (ATH) Date	22nd Mar 2021 (3 years ago)
ATH Price	$0.07
% From ATH	-85.09%
All Time Low (ATL) Date	24th Dec 2022 (1 year ago)
ATL Price	$0.000598940000
% From ATL	1653.21%

Supply & Trading Volume
Trading Volume (24h)	$208,959.00
Total Supply	10.44B
Circulating Supply	3.89B

Less Metrics

Description

Taraxa is a public ledger platform designed to track and audit informal transactions, agreements, and data. The platform's purpose is to democratize reputation by offering a quantifiable and verifiable means of tracking these transactions, reducing confusion and disputes, and facilitating the development of non-collateralized financial instruments...

Read More

Taraxa is a public ledger platform designed to track and audit informal transactions, agreements, and data. The platform's purpose is to democratize reputation by offering a quantifiable and verifiable means of tracking these transactions, reducing confusion and disputes, and facilitating the development of non-collateralized financial instruments on DeFi.

Taraxa does not distinguish between its ledger and its applications, as they are tightly integrated as a single system. The platform builds on the concept of "data anchoring" to make the tracking of informal transactions possible. This integrated approach allows Taraxa to adapt its infrastructure to the needs of its applications, ensuring long-term operational and financial viability.

Tracking informal transactions is crucial because they often lead to confusion, delays, and disputes. Without proper tracking, these disputes can escalate into legal issues, raising costs and risks. Taraxa focuses on making the vast amount of data generated by informal transactions useful, thus streamlining operations for individuals and organizations.

Unlike traditional contractual tools, Taraxa does not store contracts on-chain but rather collects audit trails consisting of hashes of informal transactions and their signatures. This design ensures privacy while maintaining the integrity of tracked data.

Taraxa's platform can be universally applied to a variety of use cases scrutiny, relying on the concept of informal transactions and their associated signals. It can be utilized for various applications beyond the scope of the tracked data, enhancing its versatility.

Taraxa is designed to be sustainable in the long term by leveraging network effects, much like prominent platforms like Ethereum.

Show Less