How Does Tara Work?
What is Taraxa (TARA)?
Taraxa is a groundbreaking public ledger platform meticulously crafted to audit informal transactions, encompassing data not traditionally recorded in legal documents or structured systems. This unverifiable data often leads to operational friction and inhibits informed decision-making for businesses.
Who are the Founders of Taraxa (TARA)?
At the helm of Taraxa are Founder/CEO Steven and Justin (CTO), leading the initiative to revolutionize the auditing of informal transactions.
Working Principles of Taraxa (TARA)?
The primary goal of Taraxa is to convert a substantial 80% of wasted transactional data into valuable, well-structured information within legal frameworks. By democratizing reputation tracking for informal transactions, Taraxa empowers all participants, irrespective of scale, to establish trusted reputations and facilitates seamless business collaborations.
In accordance with its vision, Taraxa has introduced the TARA token, the platform’s native utility coin. This cryptographically secured token serves three vital purposes: voting, covering gas fees, and staking. Gas fees, essential for transactions and contract executions on the Ethereum blockchain, can be funded with TARA tokens. Users have the power to vote on network changes, and the coins can be staked to contribute to the growth of the Taraxa network, earning rewards in TARA tokens.
What is the Volume of TARA in Circulation?
The total supply of TARA tokens is currently capped at ten billion. However, this figure is likely to change over time.
The distribution of the total token supply is carefully outlined:
- 9% for seed sales
- 15.1% for private sales
- 11.8% for public sales
- 15% for the Taraxa team
- 20% reserved for the company’s foundation
- 28.4% for the community and ecosystem
- 0.65% for the exchange security deposit
What are the Functions of TARA Token?
The foundation of Taraxa’s journey is geared towards transforming the landscape of informal data transactions.
Taraxa strives to transform the world by rendering informal transactions trustworthy, providing entities with verifiable reputations and fostering innovation and productivity.
Where can I Trade Taraxa (TARA) Token?
Tara token can be bought or sold on several decentralized and centralized exchange. However, the KuCoin spot market is the most popular place to buy Taraxa Coin (TARA).
