OriginTrail
TRAC#132TRAC is the utility token of OriginTrail, a decentralised knowledge graph that stores verifiable data for supply chains and AI.
- Market cap
- $239.97M
- Volume 24h
- $27.53M
- All-time high
- —
- Circulating supply
- 500M of 500M
Passes all 8 Shariah criteria.
- 8 pass
- 0 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
Halal analysis
Can a Muslim hold OriginTrail?8 Shariah criteria
8 pass · 0 caution · 0 failStaking rewards are a share of variable publishing fees, not interest, but delegators earn passively and without documented slashing.
Riba is interest or any guaranteed increase on a loan. TRAC stakers receive a share of the fees publishers pay for storing and updating data, after the node operator and protocol fees, so rewards depend on real service demand and are not fixed. CryptoUmmah likens this to mudarabah (profit-sharing). The score is lowered slightly because delegators earn passively, longer locks earn larger multipliers (up to 6x for twelve months), and no slashing is documented. Sharlife, the first authoritative source that rates OriginTrail, marks it compliant.
TRAC is the payment and staking token of a working data network.
This criterion asks whether the asset has real value as property (mal). TRAC is required to publish data on the DKG and is staked to secure nodes. Sharlife, the first authoritative source that rates OriginTrail, marks it compliant, and CryptoUmmah agrees. The general scholarly dispute about crypto is not a coin-specific problem, so the criterion is at the maximum.
TRAC has no chance-based payout; its rewards come from service fees.
Maysir is gambling: gaining or losing by chance rather than through productive exchange. TRAC has no lottery-like feature, and staker rewards come from publishing fees. No concrete gambling mechanism was found, so the criterion is at the maximum.
The network earns fees for publishing and verifying data, a permissible service.
This criterion asks how the protocol earns. OriginTrail earns publishing fees paid in TRAC for storing, updating and extending knowledge on the DKG, with a 3% default protocol fee to the treasury. These are fees for a data service; no interest income or other impermissible revenue was found, so the criterion is at the maximum.
Supply is fixed and rules are published, but no formal external audit was found.
Gharar is excessive uncertainty or hidden information. TRAC supply is fixed at 500 million, and the fee and staking rules are published in the docs. The score is lowered within pass because CryptoUmmah found no formal external security audit, and its gharar score is 76.9/100.
TRAC is used to pay for data publishing and to stake with nodes.
This criterion looks at what the asset is actually used for. TRAC pays for publishing supply-chain and AI knowledge on the DKG and is staked with the nodes that store it. These are permissible uses, so the criterion is at the maximum.
Fully paid spot TRAC is available and can be held in a self-custody wallet.
This criterion asks whether the asset can be owned in a permissible way. TRAC trades spot with full payment and delivery on exchanges and is an ordinary ERC-20 token that can be held in self-custody. Ownership does not depend on derivatives or leverage, so the criterion is at the maximum.
OriginTrail supports supply-chain transparency and verifiable data; no fraud or hack involving TRAC is documented.
Maslahah weighs benefit against harm. OriginTrail is used for supply-chain verification with partners such as GS1 and the British Standards Institution, and it aims to give AI systems verifiable data. No source collected documents fraud or a hack involving TRAC, so the criterion is at the maximum.
How you can use it
Tap a card for the ruling and sourcesBuying TRAC with full payment and immediate delivery is available, and the tokens can be moved to a self-custody wallet. Spot is acceptable for a HALAL asset.
No TRAC exchange-traded fund was found. A product that holds TRAC itself would be judged like spot; its structure would need to be checked.
TRAC pays for data publishing on the DKG but is not used as general money. Tier-1 bodies such as Indonesia's MUI rule that using cryptocurrency as currency is not permissible.
Staking TRAC with DKG nodes earns a share of variable publishing fees for storing and serving data, not interest. Longer locks earn larger shares; check that a custodial product does not lend the tokens.
Margin trading in TRAC is offered by some exchanges but is never acceptable: it is a deferred exchange with borrowed money and leverage (AAOIFI SS 20).
TRAC futures and perpetuals are offered by derivatives exchanges, but futures, perpetuals and options always fail under AAOIFI SS 20: deferred exchange without delivery, usually with leverage.
Lending TRAC through exchange or DeFi lending programmes pays depositors interest from borrowers. This is riba.
TRAC yield outside DKG staking, such as lending programmes, gets its return from interest and fails; each product must be checked.
Scholars quotes
The opinion on this is the same as doing the same with any halal assets such as shares – 1) is permissible, 2) is more debatable and there are differing opinions on short-term trading.As I mentioned at the beginning of this article it is not necessary to substantiate the permissibility of something as long as there are no prohibited factors involved in it or surrounding it.Penggunaan cryptocurrency sebagai mata uang hukumnya haram, karena mengandung gharar (ketidakjelasan), dharar (bahaya) dan bertentangan dengan Undang-Undang nomor 7 tahun 2011 tentang Mata Uang dan Peraturan Bank Indonesia nomor 17 tahun 2015 tentang Kewajiban Penggunaan Rupiah di Wilayah Negara Kesatuan Republik Indonesia.Sebagaimana mata wang yang lain, mata wang digital hendaklah tidak digunakan sebagai bayaran kepada barangan, perkhidmatan dan aktiviti tidak patuh Syariah seperti pembelian dadah, pelacuran, perjudian dan pendanaan aktiviti keganasan serta penggubahan wang haram.The SAC has also resolved that investment and trading of Digital Assets that fulfil the above requirements and which are traded on Digital Asset Exchange (DAX) registered with SC are permissible.Third: In light of the above and given the significant risks associated with this type of currencies and the instability of their transactions, the Council of the Academy recommends pursuing research and studies on issues affecting its ruling.Bitcoin is a digital currency that does not meet the legal and Sharia criteria that make it a currency subject to the rulings of dealing with official legal currencies recognized internationally.بناءً على ذلك: فلا يجوز شرعًا تداول عملة "البتكوين" والتعامل من خلالها بالبيعِ والشراءِ والإجارةِ وغيرها، بل يُمنع من الاشتراكِ فيها؛ لعدمِ اعتبارِها كوسيطٍ مقبولٍ للتبادلِ من الجهاتِ المخُتصَّةِ، ولِمَا تشتمل عليه من الضررِ الناشئ عن الغررِ والجهالةِ والغشِّ في مَصْرِفها ومِعْيارها وقِيمتها، فضلًا عما تؤدي إليه ممارستُها من مخاطرَ عاليةٍ على الأفراد والدول.According to research and opinion of experts so far, cryptocurrency is not considered ‘ maal ’ (wealth) in Sharia.Muhammadiyah memandang transaksi dan investasi kripto pada dasarnya mubah (boleh) tetapi dengan syarat tertentu.Our current position is 'tawaquf'; we can't say it is halal or haram, but we say it is better not to engage in itAI-assisted analysis checked against sources. Not a fatwa or investment advice.
Where it trades
Section in preparation
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