Taraxa Price

Taraxa (TARA) is a cryptocurrency launched on the Ethereum platform in March 2021. It aims to provide decentralized infrastructure for casual and enterprise applications. Taraxa has a current price of $0.0002861, with a 24-hour trading volume of $17.89K. The token's market cap stands at $1.72M, ranking it 2128 among all cryptocurrencies. Taraxa has a circulating supply of 6.02B TARA and a total supply of 10.96B TARA. The project's maximum supply is capped at 12B TARA. Since its launch, Taraxa has reached an all-time high of $0.07045 and a low of $0.000199. The token utilizes DAG technology and implements a DPoS consensus mechanism. Taraxa focuses on areas such as DeFi, AI & Big Data, and digital identity solutions within the blockchain ecosystem.

Taraxa cryptocurrency was created in March 2021. It was launched on the Ethereum platform as an ERC-20 token. The initial coin offering (ICO) for Taraxa took place in March 2021, with an initial price of $0.0120 per token. Since its creation, Taraxa has aimed to provide solutions in areas such as decentralized finance (DeFi) and services within the blockchain ecosystem. The project's focus on utilizing Directed Acyclic Graph (DAG) technology sets it apart from many other cryptocurrencies. As of 2026-02-02, Taraxa has established itself in the crypto market, with a circulating supply of 6.02B TARA and a current price of $0.0002861.

The founders of Taraxa are Steven Pu and Jiannan Wu. They established the project in 2018 with the goal of creating a fast, scalable, and decentralized infrastructure for casual consensus. Steven Pu, the CEO, has a background in engineering and entrepreneurship, while Jiannan Wu serves as the CTO and brings expertise in distributed systems and blockchain technology. Together, they've led the development of Taraxa's unique DAG-based architecture and its focus on improving machine-to-machine communication and informal transactions in the Internet of Things (IoT) ecosystem. Their vision for Taraxa includes enhancing transparency and efficiency in various industries through blockchain technology.

Taraxa operates as a cryptocurrency that secures its network through a staking mechanism. Validators stake TARA tokens to participate in network consensus and block production. Delegators can support validators by bonding their tokens, earning a share of rewards in return. The token distribution of Taraxa is designed to foster long-term growth and sustainability. Key allocations include 9% for seed sales, 15.1% for private sales, and 11.8% for public sales. This structure aims to create a balanced ecosystem that incentivizes network participation and development. As of 2026-02-02, Taraxa has a circulating supply of 6.02B TARA and a total supply of 10.96B TARA. The current price is $0.0002861, with a 24-hour trading volume of $17.89K. Taraxa serves as the native utility token for the network, facilitating transactions, governance, and various ecosystem functions.

Taraxa utilizes a proof-of-stake consensus mechanism for its blockchain architecture. Validators secure the network by staking TARA tokens, while delegators can support validators by bonding their tokens and sharing in the rewards. This structure promotes network security and decentralization. The technical design of Taraxa incorporates a Directed Acyclic Graph (DAG) to enhance scalability and transaction throughput. This allows for faster and more efficient processing of transactions compared to traditional blockchain structures. Taraxa's architecture also includes smart contract functionality, enabling the development of decentralized applications (dApps) on its platform. The network supports various DeFi protocols and services, leveraging its high-performance infrastructure. The token distribution of Taraxa is strategically allocated to support long-term growth and sustainability. This includes allocations for seed sales (9%), private sales (15.1%), and public sales (11.8%), ensuring a balanced distribution among different stakeholder groups. As of 2026-02-02, Taraxa has a circulating supply of 6.02B TARA and a total supply of 10.96B TARA, with a maximum supply cap of 12B TARA. This controlled supply mechanism helps maintain the token's value and supports the network's economic model.

The future of Taraxa looks promising, with a strong roadmap focused on technological advancements and ecosystem expansion. By 2027, we expect to see significant improvements in scalability and transaction speed. The team plans to launch new DeFi products and expand partnerships in the IoT sector by 2028. Looking ahead to 2031, TARA aims to become a leading platform for decentralized applications, with a particular focus on supply chain management and data integrity solutions. The project's long-term vision includes integrating AI and machine learning capabilities to enhance its DAG-based consensus mechanism. Market projections suggest potential price growth, with estimates ranging from $0.0002861 to $0.0003402 by 2027. However, as with all cryptocurrencies, volatility is expected. The team's commitment to regular updates and community engagement should contribute to sustained interest and adoption. Key milestones in the roadmap include mainnet upgrades, cross-chain interoperability features, and the launch of a dedicated TARA incubator program to foster innovation within its ecosystem. With a current market cap of $1.72M and a circulating supply of 6.02B TARA, Taraxa is well-positioned for future growth in the evolving Web3 landscape.