Name of Project: Orchid
Orchid is a P2P bandwidth marketplace built on Ethereum and a consumer facing, decentralized VPN client, which collectively enables digital freedom by allowing private, secure, and unrestricted access to the Internet.
To do this, Orchid uses a new digital currency called OXT, a new VPN protocol for incentivized bandwidth proxying, and smart-contracts with algorithmic advertising and payment functions. Orchid's users connect to bandwidth sellers using a provider directory, and they pay using probabilistic nanopayments so Ethereum transaction fees on packets are acceptably low.
The OXT digital currency provides value in the Orchid network in a number of ways:
- A Bandwidth Provider - Anyone can operate an Orchid Node, but must first stake OXT, with the more OXT that is staked, the greater the chances of reward in the Network.
- A Bandwidth User- For the first time, users can pay-on-the-fly for a private, secure internet connection. To power up the client, a user installs the Orchid VPN, adds OXT to a wallet, and then can access the internet through a user-chosen path to ensure a secure connection anywhere in the world. Users only pay for the bandwidth they consume.
Total supply: 1,000,000,000 OXT
Total circulation: 116,053,697 OXT
Official website: www.orchid.com
This document is compiled from the official whitepaper and relevant documents provided by the project team to provide investors an overview of the cryptocurrency. The information contained in this document is collected legally. We make every effort to provide reliable, complete and accurate information. However, we do not guarantee the accuracy and completeness of the information. The information shall not be regarded as advice, legal proof or evidence, whether explicit or implied.