TRAC Risk

OriginTrail (TRAC)
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DESCRIPTION

OriginTrail (TRAC) is a decentralized protocol built on blockchain technology that focuses on supply chain transparency and data integrity. It aims to bring trust and transparency to supply chains by allowing businesses to seamlessly and securely share and verify data across multiple stakeholders. The protocol enables the seamless integration of data from various sources, ensuring that supply chain information is reliable, immutable, and auditable.OriginTrail utilizes a decentralized network of nodes to validate and store supply chain data. The TRAC token is used as the native cryptocurrency within the OriginTrail ecosystem, serving as a means of exchange for services and incentivizing network participants to contribute their resources to the network. With the OriginTrail protocol, businesses can achieve greater visibility into their supply chains, mitigate risks, and enhance traceability, all while fostering collaboration and trust between supply chain participants.
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OriginTrail (TRAC) : https://whitepaper.io/coin/origintrail
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RISKS OF TRAC

Any investment in cryptocurrency and digital assets, such as TRAC, can include the following general risks:(i) volatility risk and liquidity risk(ii) short history risk(iii) demand risk(iv) forking risk(v) code defect risk(vi) regulatory risk(vii) electronic trading risk(viii) cyber security risk

For additional information of risks associated with cryptocurrency and digital assets, you may refer to the Satstreet Inc Services Risk Statement. In terms of specific risks, as TRAC is one of the longest-standing crypto assets and its community base is widely decentralized, there is no central working group or authority to disclose material information to the public regarding TRAC. Please note that these risks and the associated summaries or overviews provided for each herein are not intended to be a complete overview of all such risks and, in addition, there may be other risks that come with exposure to TRAC. We encourage all users to perform their own due diligence to assess the risks associated with TRAC and to determine whether this level of risk is acceptable to them. Neither TRAC nor Satstreet guarantees the value of TRAC, and holders of TRAC will not have any recourse to TRAC or Satstreet if the value of TRAC declines for any reason whatsoever.

SATSTREET EVALUATION OF TRAC

Satstreet Inc. has reviewed and assessed TRAC prior to making it available through our services and has concluded that TRAC is not a security or derivative under Canadian securities legislation; however, there is a risk that this conclusion could change in the future and that, in such event, Satstreet will be required to halt, suspend, and then remove TRAC from its platform as described in the Satstreet Inc. Services Risk Statement.

Further, as indicated above, no Canadian securities regulatory authority has expressed an opinion about TRAC, including an opinion that TRAC is not itself a security and/or derivative. Based on publicly available information Satstreet has reviewed TRAC, including, but not limited to, a review of the following: The creation, governance, usage, and design of TRAC, including the source code, security, and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that created TRAC. The supply, demand, maturity, utility, and liquidity of TRAC. Material technical risks associated with TRAC, including any code defects, security breaches and other threats concerning TRAC and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them. Legal and regulatory risks associated with TRAC, including (i) any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of TRAC, and (ii) statements made by any securities regulatory authorities in Canada, other regulators in IOSCO-member jurisdictions, or the regulator with the most significant connection to TRAC about whether TRAC, or generally about whether the type of crypto asset, is a security and/or derivative.

Last Updated: June 2023

Risk Statements

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