What is Trace Network Labs? All information about Trace Network Labs and token TRACE

• Overview of Trace Network Labs
• What is Trace Network Labs?
• Basic features of Trace Network Labs
• Trace Network Labs' main products
• Trace Network Labs project developer and investor
• Trace Network Labs development roadmap
• Overview of TRACE . token
• What is TRACE token?
• Functions of the TRACE . token
• TRACE Token Allocation
• Where can TRACE tokens be bought and sold?
• The future of Trace Network Labs and should I invest in TRACE tokens?
• summary

Overview of Trace Network Labs

What is Trace Network Labs?

Trace Network Labs is a decentralized finance platform that leverages Web 3.0 technology to deliver Metaverse related experiences to billions of users worldwide. The project allows users to exploit the capabilities of smart contracts, permissionless funding options licensed by DeFi. 

Not only that, Trace Network Labs also provides unique solutions based on NFT to help users identify goods easily. With the support of NFTs & Digital Fashion, the project aspires to bring the real-world lifestyle into the Metaverse virtual world. 

In addition, Trace Network Labs is also a gateway to bring limited edition fashion products of famous brands in the real world into the virtual world of Metaverse. These are products that are exclusively for digital avatars of residents in the Metaverse world of blockchain ecosystems.

Basic features of Trace Network Labs

On-chain commodity identity management based on NFT

Blockchain allows users to create unique and irreplaceable NFT products. Users can own NFT products created according to ERC 721 / ERC 1155 standards and they can also move that ownership across multiple DApps. These NFTs will act like a single barcode across all blockchains.

Brands or retailers will mint NFTs for any new products on Trace Network Labs. They will then migrate it to the PLM system using the SDK extension that Trace Network Labs provides.

Alternatively, they can also submit product details to the Trustify platform for NFT generation. After the NFT mints successfully, it will be stored on the blockchain as well as the PLM system through the SDK utility provided by Trace Network Labs.

By replacing the current barcode structure with unique global NFTs, it helps users to easily track goods and products. At the same time, ensuring decentralization when not having to follow the standards of any other intermediary organization. 

Real-time traceability for goods movement based on cargo identification using NFT 

NFTs created specifically for the product will have another important function besides providing a unique identity. It is to authorize and record the transportation of products from one address to another on the blockchain. Thus, users can easily trace the origin and current status of the goods.

In addition, these NFTs will help users easily track the overall shipping process of products throughout the distribution system more quickly and conveniently. 

NFT also has a community incentive function to help brands build loyal customers

NFTs are created from Trace Network Labs not only to identify goods, but also used by brands to enable community incentive tools such as gift cards, coupons, loyalty cards, etc. can build a loyal and long-term customer base. 

Integrate on-chain NFT exchange into community tools 

In addition to the ability to mint, the NFTs are also integrated by Trace Network Labs with the ability to instantly swap (swap) between many different customers. The purpose of this is to increase the user's level of attachment to the brand. 

Smart contract on-chain multi-system data exchange 

An EDI (Electronic Data Interchange) contract will facilitate the movement of data from one trading partner's system to another trading partner's system right on the blockchain. In it, each policy/process can be applied using a smart contract.

To simplify the above process, Trace Network Labs provides an SDK that makes it easy for brands to integrate data, control the data transformation process. This provides visibility, transparency, and trustworthiness across the entire supply chain. 

As such, brands will have to integrate their systems using SDKs bound to the respective EDI contracts to process and transmit data on the blockchain. Similarly, other commercial partners will also use the SDK to integrate and identify data through smart contracts on their systems.

However, Trace Network Labs will not stop at integrating data from one brand, but will also consolidate data from multiple systems of other brands. To do that, the project will use the corresponding SDK compiled with smart contract transactions. This will bring a useful utility to help brands exchange data across multiple systems.

On-chain trade financing and payment options with liquidity facilitated by DeFi

DeFi addresses the current challenges of trade finance by simplifying the borrowing process, as well as offering lower interest rates. Documents such as invoices or inventory values ​​will be used as collateral so brands can borrow from DeFi's lending protocols. 

Products funded by on-chain proof of business transactions 

In the business field, sharing credit terms is extremely important. Because, this will make fund management easier. However, currently there aren't any suitable tools to control and validate the sharing of such terms, making this process impossible.

Trace Network Labs provides a new mechanism to solve this problem. It is the encryption of credit terms based on blockchain technology. At the same time, it allows other trading partners to borrow money at a low cost or interest rate. 

Managed transaction settlement with labeled algorithmic stablecoin (White-Labeled Algorithmic Stablecoin)

These stablecoins will be maintained in the treasury of Trace Network Labs to pay the bills. These stablecoins will be minted by Trace Network Labs using crypto assets to pay bills without the need to transfer real money from banks. 

With these stablecoins, it will be easy for users to control or neutralize the fluctuations in the value of cryptocurrencies.

Trace Network Labs' main products

Trace Network Labs' latest offerings include:

BLING : This is a global marketplace offering limited editions of rare, exclusive NFTs representing luxury products and accessories from well-known real-world brands. Trace Network Labs will take on the task of marketing and distributing those proprietary NFTs to customers globally.

BUDDY : This is a tool that helps users easily create their own avatar images that can be used in the Metaverse virtual world. With this avatar, users can teleport from one Metaverse to another, similar to a passport in the virtual world.

MetaBOX : MetaBOX allows users to create, customize, co-own luxury and immersive properties in Metaverse. MetaBOX offers almost all kinds of products of high-end brands to upgrade the living space inside the Metaverse world.

Trace Network Labs aspires to create an ecosystem that allows an individual to create an exclusive virtual space and enjoy their own life. Not stopping there, the project also wants to remove the boundary between reality and virtual to facilitate the development of a lavish lifestyle inside the Metaverse.

Brand SDK for NFT Creation : The SDK Toolkit enables brands to easily create digital product catalogs (NFTs) and is used to exchange product information with Web 2.0, Web platforms 3.0 different. 

eMETA : This is considered the operating system for Metaverse and DeFi. Trace Network Labs allows brands to discover Web 3.0 products and services using the SDK tool associated with eMETA.

Trace Network Labs project developer and investor

Development team

Trace Network Labs has an experienced team, both co-founders have over 20 years of experience in providing solutions to the fashion industry. In a recent AMA, Trace Network Labs just revealed the identity of Lokesh Rao, now he is the Co-Founder & CEO of this project.

Besides the two veteran co-founders, the other members of the Trace Network Labs development team have an average of over 3.5 years of experience. They also worked with various NFT, DeFi projects before joining Trace Network Labs in March 2021.

Investors

Since its launch, Trace Network Labs has attracted many large investment funds such as: Huobi Ventures, GBV, NGC Ventures, Genblock Capital, LD Capital, Solar Eco Fund, Moonrock Capital, Blackedge Capital, DAO Maker, AU21 Capital and 18 Ventures…

Trace Network Labs development roadmap

January 2022: The project will launch BLING NFT Marketplace.

February 2022: Trace Network Labs will launch BUDDY product.

April 2022: The project will continue to launch a new product that is MetaBOX. 

Overview of TRACE . token

What is TRACE token?

TRACE is the native token of the Trace Network Labs ecosystem. Investors need to know some information about TRACE token as follows:

• Ticker: TRACE
• Blockchain Network: Updating
• Total Supply: 100,000,000 TRACE
• Initial Circulating: 500,000 TRACE

Functions of the TRACE . token

Governance : TRACE will allow owners to propose and vote on on-chain governance proposals to define future features, parameters of Trace Network Labs, and improvements to the protocol.

Incentives : Through various incentive programs, TRACE can be used as rewards to incentivize users to contribute and maintain the ecosystem on Trace Network Labs. 

Join Protocol : TRACE is a utility token used as a medium of exchange on the NFT trading platform between Trace Network Labs participants.

Cross-chain interoperability : TRACE will be used as a unit of payment for all cross-chain transactions and a regulator for multi-chain interactions.

NFT minting : TRACE will be used as fuel for minting NFTs or paying for NFTs. TRACE is also used to interact with various NFTs in the Trace Network Labs ecosystem. 

In addition, TRACE is also used as collateral for the White-Labeled Algorithmic Stablecoin.

TRACE Token Allocation

• Seed Round: 5.71%, of which 5% tokens will be unlocked at TGE and the rest will be allocated within 15 months.
• Strategic Round: 8%, of which 5% tokens will be unlocked at TGE and the rest will be allocated within 12 months.
• Private Round 1: 2.67%, of which 5% tokens will be unlocked at TGE and the rest will be allocated within 12 months.
• Private Round 2: 1.25%, of which 5% tokens will be unlocked at TGE and the rest will be allocated within 12 months.
• Public Round: 0.5%, total of these tokens will be fully unlocked.
• Ecosystem, Community building & Business Dev: 29.87%, of which 1.5% tokens will be allocated weekly until the 4th week and monthly until the 18th month.
• Team: 20%, of which 10% of tokens will be unlocked in the 6th month, the rest will be distributed within 12 months.
• Advisors: 10%, this token will be locked for 30 days, then distributed daily until the 15th month
• LPF: 2%, this total token will be fully unlocked.
• Foundation: 20%, of which 10% of tokens will be unlocked in the 9th month, the rest will be distributed monthly for 24 months.

Where can TRACE tokens be bought and sold?

Currently TRACE token is not listed on any cryptocurrency exchange. Soon, Trace Network Labs will open for sale TRACE tokens on Huobi Primelist on January 28, 2022.

To see more details about this event, investors can read more articles: Instructions for participating in the Huobi Primelist series of events during the 2022 Lunar New Year .

The future of Trace Network Labs and should I invest in TRACE tokens?

Trace Network Labs' goal is to usher in a new era by bringing real-world luxury to the Metaverse virtual world. Basically, the project is looking to encode what exists in the real world into NFT so that it can be used inside the virtual world.

In the initial phase of achieving the above goal, the project provides a platform to help bring limited edition fashion products of famous brands in the real world into the virtual world to meet the needs of consumers. user.

In addition, Trace Network Labs will also allow individuals to create and design their own space to freely enjoy the life of their dreams. 

In addition, Trace Network Labs also provides many useful utilities to help brands integrate data and control the data transformation process easily. At the same time, ensuring transparency and trustworthiness across the entire supply chain. 

Trace Network Labs has a very unique and innovative idea. However, to answer the question "should I invest in this project?", people need to closely monitor the activities, as well as the development roadmap of the project. Thereby helping investors have the answer to the above question.

Some official information channels of the project that investors can follow are:

Website | Twitter | Telegram | Medium

summary

Trace Network Labs always puts the user experience first. Therefore, the project will regularly launch new features to enhance the customer experience. With this approach, the project will give everyone a simple way to participate in the Metaverse experience. 

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