Research summary:

This research report is focused on Orchid which operates in the VPN space. We will focus on what VPN is, how Orchid works, and review its pros and cons.

The CMP is $0.376 as of 13th August 2021.

What is a VPN?

When you interact with a website on the internet, there are many hidden processes that take place. For example when a user wants to view the price of Bitcoin on a cryptocurrency related website, your device sends this data request along with a variety of your data (this includes your device information and your IP address.) to the website via an internet service provider such as BSNL, MTNL and Bharti Airtel. The requested data is sent back to the user. The transfer of the data that occurs is however not encrypted and hackers can easily view your data.

Here is where a virtual private network or a VPN comes in. When a VPN is introduced in this process, the data transfer is encrypted and passes through a VPN server. The server makes your data anonymous, shares the bare minimum information to the website, and changes the IP address data to the server’s IP address.

A VPN has the following advantages:

Anonymity online: A VPN hides your IP address and location. When you use a VPN, your internet traffic is rerouted through an external server and your online activities can only be traced back to the IP address of the VPN server, but no longer to your IP address and you.

Protection against hackers and government: A VPN encrypts your data traffic through strong encryption protocols, which make intercepting and reading your data almost impossible. Why is this important? Well, in this day and age there are a lot of parties that want to listen in or take a look at what you are doing online.

Online Censorship: Many countries (like China, Turkey, Russia, Iran) have heavily censored internet access. These countries block access to certain internet services and websites. Moreover news websites and journalist platforms are often blocked because they are seen as a threat to the sitting government. This censorship heavily impacts the freedom of speech of their citizens. A VPN can help you bypass censorship and restrictions by allowing you to connect to a server in a different country.

What is Orchid?

Orchid is an operational blockchain-based VPN service that solves issues arising from traditional VPN solutions. It aims to make the internet more accessible and open to the public.

Their app is available on android and IOS and has 50,000+ downloads. It is currently ranked #165 (based on mcap) in the cryptocurrency market. There is a maximum supply of 1 billion tokens out of which 0.69 billion tokens (69%) are in circulation. It is currently listed on Binance, Coinbase, and Huobi Global.

What problems does it solve?

Although current VPN solutions solve the issues of privacy, security, and online censorship, these systems work on a centralized trust-based model. You need to make sure that the VPN service provider does not log your data and sell it to 3rd party buyers, which defeats the purpose of the VPN.

Some VPN service providers have admitted to giving data to the US government.

Current peer-to-peer systems such as Tor or I2P construct multi-hop circuits to hide route information from any single party. However, these systems are free and suffer in terms of both performance and security.

What are Orchid’s goals and what does it do?

The goal of Orchid is to give every user complete control and insight into the network connection of their devices. Users gain privacy simply by creating an Orchid account and funding it with OXT. This allows them to connect to the Orchid network and select a node to act as their VPN connection. As long as they remain connected their bandwidth usage is paid for via a continuous stream of OXT nanopayments.
Orchid is set up as a single-hop circuit configuration, which provides users with:

• Protection from websites accessing a user’s IP address and physical location
• Protection from an ISP accessing what websites are being visited by the user and when
• Access to the open internet without ISP level firewalls restricting access.

Important Components in the Orchid network

App: The app is consumer facing with similarities to major VPN service providers.

Orchid protocol: This is the protocol that users use to connect to the Orchid network. The Orchid protocol allows users to access remote network resources and pay for them with OXT using a new probabilistic nanopayment system, which will allow Orchid to scale its payment throughout.

Node operators offer users their bandwidth for the OXT within the network.

What is the utility of the token?

OXT is the native token to the orchid network. It has been integrated into the ecosystem in an excellent way. It has 2 main utilities

Staking: OXT is used by the service providers. There is a direct correlation between the number of tokens staked and the potential rewards.

Mode of payment: Orchid’s VPN is a pay-to-go service, where you need to keep paying OXT to keep using the Orchid’s VPN service.

The tokenomics also has a deflationary mechanism as tokens are burnt as a penalty to the service providers.

Industry and competitive analysis.

With the world understanding the importance of privacy, the market potential for the VPN industry is increasing.

Although there are not a lot of blockchain based VPN service providers, there are a lot of players in the traditional space.

Team, Media, and community strength.

They have a star-studded set of founders. The CEO and co-founder of Orchid is Dr. Seven Waterhouse. Seven was a partner at Pantera Capital, focused on blockchain investments with a Ph.D. in Engineering from Cambridge. The co-founder is Jay Freeman, who is most known for developing Cedia, the application that jailbreaks IOS devices.

They also have strong investor backing, from investors such Andreessen Horowitz, Sequoia Capital, and Threshold.

Their community strength is strong and is still growing, with over 68,000 Twitter followers & 8000 telegram followers.

Conclusion.

Pros

Orchid is solving an ever growing problem in the world that is going digital. It has strong investor backing from big players such as Sequoia Capital. It has also been audited by Consensys and Centora.

Cons

Their app isn’t user friendly compared to the traditional VPN service providers and could potentially impact it’s adoption.

MintingM rating for Orchid is 3.8/5

Research summary:

This research report is focused on Rarible which operates in the NFT space. We will focus on what NFTs are, how Rarible works, and review its pros and cons.

The CMP is $12 as of 6th August 2021.

What is an NFT?

NFT stands for non-fungible token. The non-fungible aspect signifies its uniqueness and such tokens can’t be replaced by anything else. For instance, the US dollar is fungible, which means that one USD isn’t unique and can be traded for another USD. For example, I borrowed 1 USD from my father. When I pay him back, I can send him any USD and not specifically the USD that he gave me. While on the other hand trading cards, art, collectibles, and more are non-fungible. For instance, a Ronaldo Trading card is not the same as a Messi trading card.

An NFT’s uniqueness is authenticated by the blockchain it is on. People started to apply the technology to authenticate uniqueness to digital art thereby creating a whole new world of digital arts and collectibles.

The above digital art was bought by Metakovan, a south Indian Bitcoin billionaire for approximately $70 million. Although I have attached a copy of the art above, he is the sole owner of the artwork and this is confirmed on the blockchain.

Video games are also another massive driver for the NFT industry. A virtual economy is essentially a system of online jobs, assets, marketplaces, and traders which has emerged across a range of online platforms such as Minecraft, SecondLife, and Decentraland. There is a virtual currency within these virtual economies, which is used to buy and sell in-game assets (such as land, houses, weapons, vehicles). Currently, within the centralized games, all the assets are controlled by the company and are siloed. NFTs can solve this problem.

During the pandemic, virtual economies have been exposed to over 2.5 billion people and it is expected that approximately $129 billion worth of digital game spending would occur. It is safe to say that the NFT space is not only soaring but also has a lot more potential than expected.

What is Rarible and what does it do?

Rarible is an NFT marketplace where anyone can mint, buy and sell digital collectibles without any coding skills. There is a huge problem of artists not knowing how to create NFTs and may not have any idea about cryptocurrency. Rarible is the platform that helps them out.

The marketplace has a variety of NFTs to offer such as art, Metaverse assets, domain names, and DeFi

DeFi NFTs are quite interesting. Here is a Treasury Bond NFT which will mature after 2 years of minting.

It is a non-custodial marketplace and also has a royalty feature. A royalty feature essentially allows the creator of the NFT to earn a certain percentage from future secondary sales.

The marketplace came into existence in the early 2020s and has already started growing in market share compared to other major NFT marketplaces such as Opensea and SuperRare.

It is currently ranked at #441 (based on Mcap) in the cryptocurrency market. There is a total supply of 25 million tokens out of which 4.5 million tokens (18%) are in circulation. It is currently listed on Uniswap and Gate.io.

NFT minting process:

The minting process is extremely simple to perform and can be completed within 5 minutes without having to write any line of code.

Upload the art, set a price, choose a title & description and then pay the gas fee to mint the NFT.

Here is an NFT we created with a price of 900 Ethers.

Tokenomics and Token utility:

The ultimate goal of Rarible is to evolve into a fully Decentralized Autonomous Organization (DAO), where all governance and decision rights belong to the platform users. By providing creators and collectors with the opportunity to propose and vote on platform upgrades, they make sure that the platform becomes public, responsive directly to its community members.

$RARI the native token within the Rarible ecosystem was created with the sole intention of it being a governance token. However, Rarible isn’t a DAO yet and currently has only 2 functions:

1) Community voting: RARI holders can vote on proposals on how to decentralized even further, trading fees, and new features. These are however advisory in nature, where the team will have the final say.

2) Curation of NFTs: RARI holders can also curate the NFTs that should be displayed front and centre.

$RARI is also being used to attract marketplace participants to its platform via something referred to as marketplace liquidity mining. This practice is essentially giving away $RARI tokens just for participating in the marketplace. Every Sunday 75,000 $RARI is distributed equally between the buyers and the sellers. As mentioned above approximately 18% of the tokens are in circulation and 60% of the supply is allocated for marketplace liquidity mining.

With $RARI tokens being supplied every Sunday, the supply rate is high with at least 3.9 million tokens coming into circulation every year. The spike in sales compared to its peers could be credited to the marketplace liquidity mining.

There is also an issue of wash trading, which is a process of creating multiple accounts and then buying and selling within those accounts, thus capturing the $RARI via the MLM program.

Competition:

Opensea is the major competitor in the NFT marketplace which began its journey 2 years prior to Rarible however Opensea does not have a native token. So in order to get exposure to the NFT marketplace, Rarible is the only option.

Team, Media, and community strength.

Rarible is the brainchild of Alexei Falin and Alexander Salnikov. The founders are serial entrepreneurs and have strong experience in marketing.

Rarible does not have a strong media presence but they have a strong community with over 179,000 Twitter followers & 11,000 Telegram followers. They also raised $14.2 million from Venrock Capital, CoinFund, 01 Advisors to take the digital creator economy mainstream.

Conclusion

Pros:

1) Rarible is operating in the NFT marketplace which has huge potential for growth. It is also quite simple to use and minting an NFT is quite simple.

2) The project is backed by marquee investors such as Coinbase Ventures

Cons:

1) Rarible does not have a whitepaper and this is quite ironic as a marketplace places top priority on transparency. The information regarding the team is also not mentioned anywhere on the website.

2) $RARI has a high supply rate due to the marketplace liquidity mining. This also brings problems such as wash trading to Rarible, which has thrown doubts regarding the true number of sales they have mentioned.

MintingM rating for Rarible is 3/5

Research summary:

This research report is focused on Sandbox which is an upcoming project operating in the gaming
industry. We will focus on how the project works, its tokenomics, and review its pros and cons. It is
currently listed on Binance, Coinbase, Bithumb among others.

The CMP is $0.65 as of 30th July 2021.

What is Sandbox?

Sandbox is a virtual world where players can build, own, and monetize their gaming experiences in the Ethereum blockchain using SAND, the platform’s utility token. Essentially it is a game where a gamer can create a world (a city, castle, casino, amusement park, prison or a town from the wild west) on an NFT land (which is limited) and interact in the world (manage the amusement park, escape from the prison, play casino games). This project is currently in a closed Alpha mode and isn’t open for the public.

This project is part of the Sandbox franchise that has 40,000,000+ downloads, 1,200,000 monthly active users and has at least 70,000,000 worlds with at least 100,000 worlds created every day.

It is currently ranked #107 (based on mcap) in the cryptocurrency market. There is a maximum supply of 3 billion tokens out of which 0.7 billion tokens are in circulation. It is currently listed on Binance, Huobi Global, and Bithumb.

What problems does it aim to solve?

Sandbox is essentially an environment which allows its users to create content (or worlds). Similar
games are centralized which pose the following drawbacks:

• The ownership of the content goes to the company rather than the gamer. If there is a
market place for these contents, then the company takes a big cut from each sale.
• There is often no clarity when it comes to the origin of the content.
• There is a censorship of content that the company deems unfit.

What does Sandbox do?

In order to overcome these limitations, Sandbox uses blockchain as the secret ingredient. Sandbox is
a gaming platform where creators are able to craft, play, share, collect, and trade without central
control, enjoying secure copyright ownership with the ability to earn cryptocurrency (SAND). This
copyright ownership will be established and guaranteed through the use of NFTs, where every ingame
item will have a unique and immutable blockchain identifier

Sandbox has 3 main elements in its ecosystem.

VOXEDIT: This is a simple to use yet powerful and free software which allows users to create and animate 3D objects such as people, animals, foliage, and tools, and export them into the Sandbox marketplace to become NFT game assets. You can also buy gems which essentially add the scarcity value of the asset.

MARKETPLACE: The Sandbox’s web-based marketplace allows users to upload, publish, and sell their creations (assets) made in VoxEdit, as tokens (both ERC-721 and ERC-1155 tokens).

GAME MAKER: Anyone who owns assets, either by making them in VoxEdit or purchasing them, can utilize them with the third and most important ecosystem product, the game maker and the game itself. This product, when launched in game maker mode, enables users to place and use their assets within a piece of Land (an ERC-721 token) that they can own in the virtual world. Users can decorate their land with assets, and more importantly, implement interesting and nuanced gameplay mechanics by assigning predefined behaviours to the assets through visual scripting nodes, turning a land from a decoration experience into a full game experience.

What is Land?

Sandbox is a virtual world with 166,464 parcels (or plots) of land. The land is NFTs and will be completely owned by the purchaser (do read our report on Ethernity Chain to know more about NFTs). The value of these lands behaves similarly to the prices of actual real estate. Land closer to the roads is more expensive and land which isn’t accessible is relatively cheaper. Below is the map of the Sandbox world along with the ownership.

There are several big names in the list of landowners, some of them are::

❖ Binance
❖ The Walking Dead
❖ Hell’s Kitchen
❖ Atari
❖ Rollercoaster Tycoon
❖ The Smurfs

Each of these landowners are creating an experience on their piece of land

Land can also generate revenue as land owners can charge sand tokens for visits or hosting events on their land, and you can also sell the land for a profit after customization.

What is the utility of the token?

SAND, the native token of Sandbox, is an ERC-20 token. It is crucial for the functioning of the project’s ecosystem. It has multiple major utilities:

❖ Currency: SAND is designed to be used for every transaction within the Sandbox ecosystem. You will need it for playing games, buying equipment or land. It is also required if an artist wants to upload assets to the marketplace and buy gems for defining rarity and scarcity.
❖ Governance: SAND is also a governance token. SAND token holders can exercise voting rights on key elements such as foundation grant attributions to content and game creators and feature prioritisation on the platform roadmap.
❖ Staking: SAND can also be used as a stake to provide passive revenues. This passive revenue is paid out from a fee capturing system. 5% of all transaction volume carried out in SAND tokens (transaction fees) are allocated with 50% to the staking pool as rewards for token holders that stake SAND tokens while 50% goes to the foundation. The foundation’s main role is to offer grants to incentivize high quality content & game production on the platform.

Industry and competitive analysis.

SANDBOX is operating within two giant industries – the gaming industry and the NFT industry. The global gaming industry is worth more than $300 billion and the NFT industry is a fast-growing industry.

In the cryptocurrency space, Decentraland is the closest competition based on Market capital.

Project	Mcap
Decentraland	$ 88,03,34,224
Sandbox	$ 46,93,40,537

In the traditional space, Minecraft and Roblox are the closest competitors with a net worth surpassing billions of dollars.

Team, Media, and community strength.

The project has expertise in the gaming space and the leadership team comprises serial entrepreneurs. Although Sandbox may not have a strong media presence, they do have a long list of star-studded partners.

Their community strength is strong and is still growing, with over 150,000 Twitter followers & 24,000 telegram followers.

Conclusion

Pros:

1) Sandbox is a part of an existing established franchise with more than 40 million+ downloads.
2) The project operates in the gaming industry which is worth $300 billion dollar industry and the NFT industry (A fast growing market)
3) It has a long list of star-studded partners such as Atari, The Smurfs and the Walking Dead

Cons:

1) The project is not open for the public and is operating in a closed alpha.

MintingM rating for SwissBorg is 3.6/5

Exeedme Project Review

Research summary:

This research report is focused on “Exeedme” which solves major issues in the gaming industry. We will focus on how the project works, what value it adds, and review its pros and cons.

The CMP is $0.192 as of 23th July 2021.

What is Exeedme?

Exeedme is a project that operates in the gaming industry (a multibillion-dollar industry). It enables players to monetize their skills and earn money while playing their favorite games.

Ranked #757 (based on Mcap) in the cryptocurrency market, total starting supply is 100 million tokens out of which 59.76 million tokens are in circulation. It is currently listed on Uniswap, Gate.io, and Hoo.

What problem does Exeedme aim to solve?

The gaming industry, which is worth more than $300 billion dollars, which is more than the music and movies industry combined (Accenture report) has approximately 2.7 billion gamers

Only a fraction of this gaming community which comprises professional gamers and streamers makes money via gaming. Professional gamers play for hours to hone their skills to participate in gaming tournaments for a chance to earn millions as rewards. Streamers are essentially people who livestream their gameplay on YouTube or Twitch and earn money via sponsorships, ads and donations.

Becoming a professional gamer or a streamer is not a simple task. There is immense competition and the barrier for entry is high. In simple terms, making money in the gaming space is extremely difficult.

Another problem is in-game purchases. An in-game purchase essentially means items that you can purchase within the game universe. These items (such as costume your avatar wears, the design of your car in a racing game, the design of your weapon is a shooting game) can be easily bought on the game store.

But the purchased items don’t leave the game and with newer releases and versions, lose theirimportance and value over time deeming them redundant.

A good example of the cost of a knife in a popular game known as Counter Strike: Global offensive is worth $20,000.

What value does Exeedme bring to the table?

Exeedme plans to solve the problem of “limited earning in the gaming space” by adding a new stream of making money.

It’s platform Winner Takes All, where players chip in a certain amount of crypto (BTC, ETH, USDC or XED) enables a winner to rake in the whole amount, encouraging participants to earn based on their gaming skill sets. This feature is currently in Beta mode and not yet operational.

It also resolves the problem of isolated game assets (in-game purchases) by creating a platform where players can monetize across different games with XED and NFTs. Items are transferable between game universes in different blockchains resulting in a digital multiverse.

Token utility

XED is the native token and has 3 primary utilities

Game Mining: XED and NFT rewards unlocked for each gamer will be based on the amount of XED they stake.

Access: Via staking XED, a gamer can get access to several exclusive opportunities such as access to tournaments, high stake games and more.

Governance: Via staking XED, the community can steer the future of the Exeedme platform.

Competition Analysis

This concept is quite unique with no immediate competition, with Chain games being their closest competitor. Their wider competition includes the game industry. The gaming industry is worth more than 300 billion dollars and Exeedme also operates in the NFT space as well making their potential huge.

Project	Mcap
Chain Games	$2,55,97,282
Exeedme	$1,34,40,326

Team, Media, and Community Strength

The Exeedme team comprises expertise in the gaming industry and has a strong background in marketing. Fox, a well-loved, professional gamer is Exeedme’s ambassador. They are also backed by several VC firms.

Their media presence isn’t strong but their community strength is growing, with over 27,000 Twitter followers & 10,000 telegram followers.

Conclusion

Pros:

• Exeedme is focusing on adding revenue streams to 2.7 billion gamers and solving some of the major issues in the gaming space.
• The project was launched via Polkastarter which takes pride in listing quality projects and conducts due diligence.
• The project has a lot of VC backing compared to its peer and has a professional gamer as an ambassador.

Cons:

• The project isn’t operational and is currently is in BETA mode while the competitors are already operational.

MintingM rating for Exeedme is 3.5/5

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OriginTrail research summary

Research summary:

This research report is focused on “OriginTrail” which solves major issues in the supply chain. We will focus on how the project works, what value it adds, and review its pros and cons.

The CMP is $0.23 as of 16th July 2021.

What is OriginTrail?

Origintrail is an award winning protocol that is focused on increasing transparency within the supply chain and was originally conceptualized by founder Tomaz Levak to bring transparency within the system for an organic meat farmer. The aim was to correctly and transparently map the movement of produce from original location to final destination.

With the successful execution of this project, Tomaz decided to apply the same solution to the supply chain of other more complicated goods, especially high frequency deliveries such as milk. The process involves transparency at all levels in the chain – from the farm, to the collection unit, to the packaging unit, to the distribution centre and finally to your doorstep. The entire journey is mapped to a barcode on the purchased item for the end user to easily scan and retrieve.

Origintrail is currently ranked at #296 (based on Mcap) in the cryptocurrency market. The total supply of TRAC tokens (their native token) is 500 million out of which 71% is in circulation. TRAC is currently listed on Uniswap and Bittrex.

What problems does OriginTrail solve?

In the current supply chain system, data is managed in fragmented information systems which aren’t necessarily linked from one stage of the process to the next. Since these information systems work in silos, they lack a uniting mechanism as well as security and exchange protocols to facilitate easy data sharing.

Each participant in the supply chain follows a one step back, one step forward approach for data sharing. A distributor receives only enough information from the previous step i.e. the processor, and shares only limited information forward to the next stage, namely, the warehouse unit either via email, phone or written orders. Often, this leads to missed or compromised communication, impacting the entire data chain process.

Additionally, without adequate data on the supply chain process, stakeholders at each stage are limited to the extent of information made available to them regardless of whether they are consumers, government bodies or operating companies.

Global Standard providers in supply chain (GS1), certification organizations and information systems providers (e.g., IBM) have all attempted at finding a solution, without much success with only some parts in the supply chain having regular audits. This leads to partial data collection, poor verification of collected data, and eventually diminished trust in the whole system.

Could decentralisation be the way forward?

Yes, although at present, none of the current solutions provide high functionality for storing, processing, and interaction between the data available to supply chains. Moreover the available solutions prove to be quite expensive when compared to traditional centralized database solutions.

How does OriginTrail bring value to the table?

OriginTrail solves the above problems by setting up blockchain-supported data sharing for supply chains. It brings transparency across the supply chain by breaking the one step back, one step forward loop.

With the proposed solution, consumers in the supply-chain can accurately identify the journey of a product. Here are some applications:

• Covid-19 vaccines – The Pfizer covid vaccine needs to be stored in a temperature-controlled environment. If this condition isn’t met, the vaccine could potentially lose its effects. With a transparent journey of the vaccine efficacy is maintained.

• Counterfeit goods – The counterfeit market represents 3.3% of world trade and such products are potentially hazardous without any quality checks in place. The cosmetic industry is seeping with counterfeited goods. Applying fake cosmetics is equivalent to applying untested chemicals on your face. With OriginTrail’s proposed solution, the end user is assured of the authenticity of the product and organisations can avoid the embarrassment of headlines such as:

Chennai girl pays for Rs 12,000 phone on Snapdeal, gets a brick in the box

• Food-related illness – Food allergies are a serious issue and can also sometimes lead to death. With complete clarity of where the food item came from a person can purchase a food item without any worry. It can also track food-related diseases right to the source.

How does OriginTrail work?

Data Standardization
To achieve a uniform flow of data in the supply chain, the data format needs to be standardized which is why OriginTrail adopts the widely accepted GS1 standards. GS1 is a not-for-profit organization that develops and maintains global standards for business communication. The best known of these standards is the barcode. GS1 standard provides information that supports business processes through which supply chain participants interact.

Data Integrity
To make sure that the stakeholders are not inserting tampered data, Origintrail performs something known as a consensus check. According to their whitepaper, these checks are performed in the following steps:

Step 1: Each stakeholder has to be approved by the previous and the following supply chain stakeholder, creating a chain of accountability.

Step 2: Matching of batch information is verified, including the critical information of batch identifiers, appropriate timestamps, and transactional data. As this step involves company private data (quantities of sales), a Zero-Knowledge Proof mechanism (zero knowledge proofs let you convince me that you know something, or have done something, without revealing to me what your secret thing was) implementation will provide a way to check that private information matching is provable without revealing the information itself.

Step 3: As an additional layer of credibility, auditing firms can validate data through one final check.

ODN
To overcome the shortcomings of the existing blockchain solutions, Origintrail runs on an off-chain decentralized peer-to-peer network referred to as ODN or OriginTrail Decentralized Network. It essentially is a middleware that is chain agnostic.

There are 4 players in the ODN.

• Data Provider: The Data Provider (DP) is an entity that publishes supply chain data to the network.

• Data Creator Node: The Data Creator node (DC) is an entity representing a node that will be responsible for importing the data provided by the DP, making sure that all the criteria of DP are met.

• Data Holder Node: The Data Holder (DH) is a node that has committed itself to store the data provided by a DC node for a requested period of time and making it available for the interested parties. There is a certain risk that these Data Holders may offer false data or tamper with the data, or even pretend to have data that they don’t have. To mitigate this risk, a node will be required to deposit a stake for executing an agreement.

• Data Viewer: The Data Viewer (DV) is an entity that requests data from any network node able to provide that data.

Token utility

TRAC is an ERC-20 token and is designed to be a crucial component of the entire network.
Data providers and creators need to stake their TRAC to run their nodes. When data creators publish data jobs on the ODN they use TRAC to compensate the data holders for their time and resources. As a way to prevent data tampering, and as a promise to hold data for a set period of time, TRAC from a data holder’s stake is also locked via smart contract for the length of the data job. This staked TRAC is slashed if the node fails to provide the data it is holding on-demand. Once the job is completed the data holder receives their own stake back, plus the stake of the data creator.

Industry & Competition Analysis

The global supply chain management is worth $20 billion and is growing at a CAGR of 11.2% from 2020 to 2027. The value of the entire supply chain industry however is worth $50 trillion.
OriginTrail has a few players to watch out for in the cryptocurrency space with Vechain being their biggest competitor.

Projects	Mcap
VeChain	$4.4 Billion
Hedera Hashgraph	$1.5 Billion
OriginTrail	$83 Million
Waltonchain	$37 Million

Based on the above chart, there are several competitors in the cryptocurrency supply-chain space and OriginTrail has tremendous potential for growth.

Team, Media, and Community Strength

The team comprises 3 founders with expertise in supply chain and technology. Their media presence isn’t strong but their community strength is growing, with over 25,000 Twitter followers & 5,900 telegram followers.

Conclusion

Pros

• OriginTrail is solving an important problem associated with the current supply-chain, right from fake goods to tracking food related diseases right to the source.
• The native token is extremely essential for the ecosystem and has multiple utilities.
• They have survived multiple bear markets and have been operating for over 8 years.

Cons

• OriginTrail does not have an impressive adoption compared to its main competitor Vechain.

MintingM rating for OriginTrail is 3.4/5

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