Market Cap
$104,505,735.2
Fully Diluted Valuation
$106,662,547.0
24 Hour Trading Vol
$12,269,989.1
Circulating Supply
979,779,107.8
Total Supply
1,000,000,000.0
Max Supply
∞
Orchid Price
$0.107
24h Range
$0.107 - $0.121
Percent Change 1h
-4.7%
Percent Change 24h
-12.09%
Percent Change 7d
1.25%
All-time high
$1.03
All-time low
$0.047
1D
7D
1M
1Y
All
Orchid (OXT) is a decentralized virtual private network (VPN) that leverages blockchain technology to provide users with privacy and security while browsing the internet. Launched in 2019, Orchid allows users to purchase bandwidth from a global pool of providers using its native cryptocurrency, OXT. The platform operates on the Ethereum blockchain and utilizes a unique protocol to facilitate peer-to-peer connections, enabling users to bypass censorship and access restricted content. By incentivizing bandwidth sharing and providing a decentralized approach, Orchid aims to create a more open internet.
Orchid was co-founded by Dr. Jay Freeman, Dr. Steven J. Murdoch, and Dr. Teymur Bakhtin. Dr. Freeman, known for his work in the open-source software community, is the creator of Cydia, an app store for jailbroken iOS devices. Dr. Steven Murdoch is a prominent researcher in privacy and security, with a focus on anonymity systems and their implications. Dr. Teymur Bakhtin has a background in technology and product development, contributing to the strategic direction of Orchid. Together, they have established a team dedicated to enhancing online privacy through innovative technological solutions.
Orchid operates using a decentralized architecture that combines a marketplace for bandwidth with a unique payment system. Users who need secure internet access can connect to various bandwidth providers, paying them with OXT tokens. The network employs a multi-hop routing method, where user traffic is routed through multiple nodes to enhance anonymity. The Orchid protocol also includes a mechanism for users to stake OXT tokens as collateral, incentivizing providers to maintain high standards of service. By decentralizing the VPN model, Orchid eliminates single points of failure and censorship risks, ensuring a more resilient and private browsing experience.
Orchid provides several use cases that cater to a diverse range of users, enhancing their online experience:
To ensure the safety of your Orchid (OXT) tokens and secure your connection while using Orchid, follow these best practices:
Investing in Orchid (OXT) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Orchid: Once your account is funded, you can purchase Orchid directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Orchid using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Orchid (OXT) is currently trading at $0.107 and exhibits good potential for future growth. Check the latest Orchid (OXT) price prediction.
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