क्रिप्टोकरेंसी:  9,434एक्सचेंजों:  369मार्केट कैप:  $1,802,438,399,60924 घंटे का आयतन:  $294,498,644,574Dominance:  बीटीसी: 51.0% ईटीएच: 14.3%ETH Gas:  98 Gwei
OXT

OrchidOXT

Rank #187
Token
On 49,885 watchlists

Orchid मूल्य (OXT)

$0.5359
17.44%

0.00001091 BTC7.40%

0.0002399 ETH5.50%

निम्न:$0.5109
उच्च:$0.6656
24 घंटे
OXT  Orchid OXTPrice: $0.5359 17.44%
मार्केट कैप
$196,985,407
17.44%
Fully Diluted Market Cap
$535,891,709
17.44%
आयतन
24 घंटे
$52,790,140
34.49%
Volume / Market Cap
0.268
परिचालित आपूर्ति
367,584,352 OXT
कुल आपूर्ति
--
कुल आपूर्ति
1,000,000,000

Orchid Chart

Loading Data

Please wait, we are loading chart data

OXT Price Live Data

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 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.

Who Are the Founders of Orchid?

Orchid’s four co-founders come from the blockchain and financial spheres. They are Dr. Steven Waterhouse as CEO, Jay Freeman, Brian J. Fox and Gustav Simonsson.

Waterhouse is a well-known figure within cryptocurrency, having also co-founded venture capital outfit Pantera Capital, which is responsible for investing in some of the industry’s most popular companies.

Freeman is the creator of Cydia, an alternative Apple App Store for jailbroken Apple devices and currently used by around 30 million jailbroken Apple products.

Fox is responsible for the creation of United States bank Wells Fargo’s first interactive online banking system in the mid 1990s.

Simonsson, meanwhile, is one of the Ethereum network’s core security developers, helping with its original launch in 2015.

According to official literature, Waterhouse became alerted to the need for internet privacy improvements after becoming the victim of a SIM-swap attack, and began researching VPN technology.

What Makes Orchid Unique?

The main idea behind Orchid is the use of blockchain technology to enhance the existing VPN experience.

Using cryptocurrency-based probabilistic nanopayments, users can benefit from anonymous VPN usage which does not rely on a centralized server and the risks associated with a particular country’s infrastructure.

As a freely-exchangeable ERC-20 token, OXT also provides a trading incentive to own and increase network value for owners.

A separate feature allows users to purchase so-called “Orchid credits” with fiat currency. In this instance, OXT cannot be withdrawn and converted elsewhere, only spent with network providers. This is designed to appeal to those who do not wish to transact in cryptocurrency.

The appeal of Orchid, however, is not just among cryptocurrency users. Developers highlight a growing trend for internet freedom in the face of mounting geopolitical tensions and local restrictions.

Web 3.0 technology is used to provide some semblance of an open internet, as it was conceived when consumer access began to go mainstream in the early 1990s.

Learn more about Mysterium here.

New to cryptocurrency? Check out everything you need to know with CoinMarketCap’s educational resources here.

How Many Orchid (OXT) Coins Are There In Circulation?

OXT has a supply of 1,000,000,000 (1 billion) units. There is no inflation, but the possibility for deflation is maintained by possible token burns of OXT as part of regular network function.

Of the total supply, 51.13% are earmarked for network incentives (held in the Orchid Treasury) and other purposes. 17.3% went to investors as part of the seed Simple Agreement for Future Tokens (SAFT), 4.49% for SAFT 2a and 3.38% in SAFT 2b.

The remaining tokens will be distributed among four development teams. Multiple vesting schedules are in place, depending on the purpose and destination of the tokens.

How Is the Orchid Network Secured?

OXT is an ERC-20 standard token on Ethereum, and security risks revolve mainly around an attacker’s ability to harvest user data from Orchid itself.

Given that very little information is contained in the platform’s smart contracts used for payments, the weak links in the chain mostly lie with the user. As developers note, involving third parties in token purchases to use Orchid — for example, major exchanges — could ultimately lead to an attacker learning a user’s identity by tracing transactions to their exchange wallet.

Where Can You Buy Orchid (OXT)?

OXT is freely tradeable on major exchanges such as Binance, Kraken and Coinbase Pro, with cryptocurrency, stablecoin and fiat pairs available.

To learn more about how to purchase Bitcoin (BTC) and other cryptocurrencies, take a look here to get acquainted with the options."

converter-coin-logo

OXT

Orchid

converter-coin-logo

USD

United States Dollar

OXT Price Statistics

Orchid मूल्य आज
Orchid मूल्य$0.5359
Price Change24h$-0.1132
17.44%
24h Low / 24h High
$0.5109 /
$0.6656
Trading Volume24h$52,790,139.56
34.49%
Volume / Market Cap0.268
Market Dominance0.01%
Market Rank#187
Orchid Market Cap
मार्केट कैप$196,985,406.58
17.44%
Fully Diluted Market Cap$535,891,708.95
17.44%
Orchid कीमत कल
Yesterday's Low / High
$0.5814 /
$0.6656
कल का खुला/बंद
$0.6282 /
$0.5902
कल का बदलाव

6.06%

कल का आयतन$39,370,175.20
Orchid मूल्य इतिहास
7d Low / 7d High
$0.5109 /
$0.8631
30d Low / 30d High
$0.5109 /
$1.02
90d Low / 90d High
$0.2633 /
$1.02
52 Week Low / 52 Week High
$0.1487 /
$1.02
सबसे उच्च स्तर पर
Apr 05, 2021 (18 days ago)
$1.02
47.27%
सबसे कम स्तर पर
Mar 13, 2020 (a year ago)
$0.1059
406.03%
Orchid ROI

47.38%

Orchid आपूर्ति
परिचालित आपूर्ति367,584,352 OXT
कुल आपूर्ति1,000,000,000 OXT
कुल आपूर्तिकोई आकड़ा उपलब्ध नहीं है