Orchid

OXT
Price
$0.237870
24 Hour % Change
-2.38%
Market Cap
$237.87M
Volume (24h)
$36.85M
Linear
Log
to
1h12h1d1w1m3m1yall
Key metrics
24 Hour Low
$0.226959
24 Hour High
$0.247519
Net change
$-0.005800
24 Hour Open
$0.243677
All time high
$1.03
Total Supply
1.00B
Returns (24H)
-2.38%
Returns (YTD)
5.73%
Volatility (30d)
1.21
Transaction Count (24h)
n/a
Average Transaction Fee (24h)
n/a
Value Transacted (24h)
n/a

About Orchid

Category
Application token
Value proposition
Decentralized VPN

Orchid (OXT), an Ethereum (ERC-20) compliant token, is used to pay for services on the Orchid network, a decentralized, peer-to-peer marketplace for virtual private network (VPN) providers. Orchid users purchase bandwidth with OXT and node providers receive OXT as rewards for supplying bandwidth. Anyone can become a node or bandwidth provider by staking OXT. Nodes are then randomly selected based on the amount of OXT they have staked and by user-selected parameters such as price and location. Orchid gives users control of their privacy by restricting a website from seeing their IP address and physical location. The total supply of OXT tokens is fixed at 1 billion (minus any that may be burned). However, the circulating supply of OXT is difficult to estimate at any given time as tokens are released into the market at frequent intervals but in irregular amounts. CoinDesk also provides a suite of institutional-grade price indexes. Find out more about them here.


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Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or curation of CoinDesk content in all its forms.

Foundations - Consensus: Distributed