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Orchid Protocol

OXT

  • Privacy
  • VPN
Established Year
2017
Headquarter
United States
Operating Status
Active
Ecosystem
Ethereum
Orchid is a platform that enables an onion routing network incentivized by OXT and a multi-hop VPN client. It aggregates the services of numerous high-quality VPN providers in a unique, decentralized marketplace powered by OXT tokens. Bandwidth providers register as sellers on the network by staking their own capital up-front in the form of OXT. This staked capital functions like a security deposit, incentivizing VPN bandwidth providers to supply users with high-quality service. Providers who fail to do so are risking their own capital.

Organisation

Team

Financial Portfolio

Funding

N/A
0 Investors
$5 M

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    Frequently Asked Questions

    What Is Orchid (OXT)?

    Orchid (OXT) is the native token of Orchid, a cryptocurrency-powered virtual private network (VPN). Launched in December 2019, Orchid describes itself as the world’s first incentivized, peer-to-peer privacy network. Its aim is to overcome internet freedom limitations by using cryptocurrency payments to allow anyone to purchase bandwidth from any participating provider. This is done using so-called probabilistic nanopayments, which occur using OXT, an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) standard token on Ethereum. Regular payments to providers occur off-chain, allowing Orchid to avoid problems with congestion and [gas fees](https://coinmarketcap.com/alexandria/glossary/gas-price) on the [Ethereum](https://www.coinlive.com/coin/ethereum) network. The service is pay-per-use, meaning that users only have to contribute funds when they actually connect, instead of paying monthly or annual fees.