Attribute | Value |
---|---|
Ticker | OXT |
Website | https://www.orchid.com/ |
Consensus | Add |
Algorithm | Add |
Price | 0.60973 |
Trading Volume | 22723014.60669 |
Market Dominance | 0.0109 |
Market Capitalization | 224128208.13 |
Total Supply | 1,000,000,000 |
Max Supply | Add |
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 standard token on Ethereum.Regular payments to providers occur off-chain allowing Orchid to avoid problems with congestion and gas fees on the 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.