New Exchange and Fiat Pairing for TRAC Token: ETHoutlet
Trace token (TRAC) will soon be listed on another exchange. ETHoutlet is a Hong Kong-based exchange and the first to enable a fiat trading pair for TRAC.
The TRAC/HKD pairing will start trading on ETHoutlet on Friday, November 29th, 2019, at 12:00 p.m. (noon) Hong Kong time (4:00 am UTC; 5:00 am CET).
ETHoutlet Is Aiming at Crypto Mass Adoption with a Fiat-to-Crypto Gateway
ETHoutlet’s mission is to bring consumers a seamless trading experience and gateway for entering into the new decentralized application era. ETHoutlet believes technology should not be a barrier to adoption and that micro-transactions from consumer market participation do matter.
ETHoutlet is headquartered in Hong Kong. It provides a crypto-fiat conversion gateway to facilitate micro-transactions, connecting traditional payments to the new blockchain tokenized ecosystem for utility usage.
ETHoutlet supports banking transfers in and out within normal business operations within 30 minutes on average. Users can transact under 1000 HDK without any KYC or ID process. User tiers and fees are available here.
Trace Token Is Powering Data Exchange in Supply Chains
OriginTrail is an ecosystem dedicated to making global supply chains work together by enabling a universal, collaborative and trusted data exchange. Trace token (TRAC) is a key part of the ecosystem and is used as a means of exchange on the OriginTrail Decentralized Network (ODN) mainnet.
TRAC is an ERC-20 utility token and operates on the Ethereum blockchain. Organizations storing data on the ODN need to pay the nodes in TRAC and node runners need to stake TRAC to guarantee their service. You can find more about the network mechanism, incentives, and token economics in this blog post. TRAC can be privately stored in any ERC-20-compatible wallet.
TRAC is also available on Bittrex Global, KuCoin, IDEX, and HitBTC.
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