Orchid Protocol OXT
Report IssueThe Orchid Network provides a decentralized virtual private network (VPN), allowing users to purchase bandwidth from a global pool of service providers. The Orchid Protocol is a decentralized, open-source technology for a surveillance- and censorship-free Internet.
Details
$0.052
-2.35%
#491
Blockchain Service
ByBit 
Binance 
Gate 
Score Sentiment Neutral
Fundraising Statistics
Blockchain Capital Tier 1
Polychain Capital Tier 1
Sequoia Capital Tier 1 OXTOrchid Protocol
USDCUSD Coin
Short Review Orchid Protocol
Crypto project Orchid Protocol (OXT) is classified as a Blockchain Service. Orchid Protocol is a Utility token that is hosted on the Ethereum Network. The current total supply is 1.00 B OXT (Circulating Supply + Tokens yet to be released - Burned Tokens). A total of 36,100,000 USD (% BONUS) The level of social activity of the Orchid Protocol project is assessed as Medium.
Public sale of tokens will take place on the Coinlist Launchpad. (OXT)
OXT Price Chart
The launch of OXT token trading took place on 17 December 2019.
Fundraising Rounds
Total amount of funds raised by the Orchid Protocol project is $47.80 M.
| Investment Round | Date | Price | Funds Raised |
| Venture Round | May 2019 | -- | $7.00 M |
| Pre-Sale | April 20, 2018 | -- | $36.10 M |
| Seed Round | October 26, 2017 | -- | $4.70 M |
Orchid Protocol Investors
Blockchain Capital Tier 1 Polychain Capital Tier 1 Sequoia Capital Tier 1
a16z (Andreessen Horowitz) Tier 1Cryptocurrency Orchid (OXT)
OXT is a cryptocurrency , based on Ethereum. It was created by the Orchid network as an Ethereum token. The Orchid protocol uses an overlay network built on top of the existing Internet, which is managed by peer-to-peer tokenized bandwidth sharing. It creates a more inclusive, free Internet. The main goal of this project is to use blockchain technology to end the control and censorship of the Internet by authorities and regulators. Customers use the Orchid app as a VPN service for their phones or home computers. Users can change providers based on speed, price, location, and market availability. The Orchid protocol takes a new approach to digital privacy with a privacy-focused peer-to-peer network. The OXT token is used by clients to pay fees, make on-chain payments, and receive staking rewards. On the network, anyone can buy and sell bandwidth using the Orchid token (OXT). Users, regardless of their location, have access to view content thanks to a multi-layered architecture and open source principle.
Overview of Orchid (OXT)
Orchid was founded in 2017 with the goal of making the Internet open and accessible to everyone. The team, based in San Francisco and Berlin, has grown over the years, and May's first incentivized peer-to-peer privacy network was launched in December 2019. The developers have also provided incentives for users to manage relay and outbound sites that allow users to browse anonymously. According to them, this will put an end to censorship and restrictions on Internet access.
Advantages of Orchid (OXT)
- Easy to use. With Orchid, you only pay for actually using the VPN. You can turn it off at any time without a monthly fee.
- Network providers. You can easily change providers on the Orchid network.
- Unlimited number of devices. You can manage one account on an unlimited number of devices and share it with everyone.
Disadvantages of Orchid (OXT)
- Lack of adoption. The project still requires widespread acceptance, which is of paramount importance in the cryptocurrency space.
- Competition. There is a lot of competition from traditional VPN providers, which users trust more than a new project.
