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  2. Orchid price
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Orchid price

(OXT / USD)

$0.24
+8.07%

Market stats

$163.8M

$24.1M

-1.48%

690.7M OXT

24 days

56% buy
44% sell

#89

$1.02

-0.67%

+8.07%

-22.95%

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About Orchid

Orchid (OXT) is an Ethereum token that powers the Orchid network, a peer-to-peer privacy tool that includes a decentralized VPN and other features designed to give users more control over their Internet connection. OXT can be used to pay for bandwidth or staked by bandwidth providers in order to operate a node.

Resources

Whitepaper

Official website

How it works

There are two categories of users in the Orchid network: bandwidth users and bandwidth providers.Bandwidth users are the customers who use the VPN. Bandwidth providers are Orchid Nodes that have staked OXT tokens in order to supply their surplus internet bandwidth to users.

Bandwidth providers are required to stake OXT to give them incentive to behave responsibility. In exchange, they receive compensation in OXT tokens. The more OXT staked, the greater the chances for a reward. 

But you don’t need to be a full bandwidth provider to benefit from staking OXT. Any holder of OXT can stake some of their tokens in a pool with a full bandwidth provider.

Keep in mind

Orchid aims to provide a distributed network of trusted, high quality bandwidth providers, allowing users to access the internet privately, and instead of relying on relying on one centralized VPN service.

Released: December 2019

Orchid is on the decline this week.

The price of Orchid has fallen by 22.95% in the past 7 days. The price increased by 8.07% in the last 24 hours. In just the past hour, the price shrunk by 0.67%. The current price is $0.2371 per OXT. Orchid is 76.75% below the all time high of $1.02.The current circulating supply is 690,690,083.775 OXT.

Community updates

Jonathan Dotan on Decentralized Storage and Vulnerable Datasets

“Decentralized technologies are ideally suited for storing vulnerable data sets,” said Jonathan Dotan, founder of Starling Labs. He was speaking to Orchid’s Derek Silva on this week’s episode of the Priv8 Podcast on restoring digital trust and protecting human rights with Web3 technology.

Orchid
Jan 17
Orchid

Dragana Kaurin and Anne Ahola Ward on Facebook and Privacy

When problems occur in society, they tend to affect “people who have less power,” said Dragana Kaurin, Founder of the Localization Lab.

Orchid
Dec 15, 2021
Orchid

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