Question 1

What is it?

Accepted Answer

Orchid Protocol (OXT) is a unique digital asset and the native token of the Orchid network. It functions within a peer-to-peer privacy marketplace built on Ethereum. As an ERC-20 token, OXT is integrated into the larger Ethereum ecosystem and can be held in any wallet that supports ERC-20 tokens.

The Orchid Protocol, on the other hand, is a decentralized, open-source technology for anonymous web browsing. It leverages the power of blockchain to provide secure and private internet access to users worldwide. It does so by incentivizing a network of bandwidth providers (nodes) via its native token, OXT.

Question 2

What is it used for?

Accepted Answer

OXT has a twofold use within the Orchid network. It is primarily used to compensate the network's bandwidth providers. Users pay these providers in OXT tokens for the bandwidth they consume while browsing privately through Orchid's VPN (Virtual Private Network). Secondly, bandwidth providers must stake OXT to be selected by users within the network, creating a sort of "probabilistic micropayments" system.

In essence, OXT fuels a decentralized marketplace for bandwidth where users can purchase VPN services from a network of providers using the Orchid app, thus ensuring internet privacy and circumventing internet censorship.

Question 3

Who created it?

Accepted Answer

Orchid Protocol was founded by several individuals with diverse backgrounds in the tech industry: Jay Freeman, Brian J. Fox, Gustav Simonsson, and Dr. Steven Waterhouse (Seven).

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	OXT-USD OXT-USD	coinbase	AA	0.008670USD	0,93%	3 138 732,00OXT	580	0.008590USD	0.008890USD
2	OXT-USD OXTUSD	kraken	AA	0.008810USD	2,09%	542 532,64OXT	97	0.008630USD	0.009020USD
3	OXT-USDT OXT_USDT	gateio	A	0.008587USDT	0,14%	449 898,00OXT	119	0.008575USDT	0.008866USDT
4	OXT-EUR OXTEUR	kraken	AA	0.008000EUR	0,13%	9 146,90OXT	5	0.007990EUR	0.008000EUR
5	OXT-USDT oxtusdt	huobipro	C	0.008252USDT	-0,02%	82 972 327,36OXT	11 749	0.008254USDT	0.008282USDT
6	OXT-USDT OXTUSDT	mexc	C	0.008507USDT	-0,58%	6 427 749,24OXT	3 049	0.008557USDT	0.008853USDT
7	OXT-USDT OXT_USDT	coinw	-	0.008620USDT	2,01%	1 290 030,16OXT	1 681	0.008450USDT	0.008770USDT
8	OXT-USDT OXT_USDT	bydfi	-	0.008500USDT	-1,16%	1 264 352,00OXT	2 023	0.008600USDT	0.008800USDT
9	OXT-ETH OXTETH	mexc	C	0.0₅3784ETH	-1,79%	675 346,85OXT	1 390	0.0₅3853ETH	0.0₅3963ETH
10	OXT-USD OXTUSD	coinjar	B	0.01207USD	0,00%	0OXT	0	0.01207USD	0.01207USD
11	OXT-USDT OXTUSDT	latoken	D	0.009605USDT	0,00%	0OXT	0	0.009605USDT	0.009605USDT
12	OXT-EUR OXTEUR	bit2me	B	0.008000EUR	0,00%	9 146,90OXT	5	0.008000EUR	0.008000EUR
13	OXT-GBP OXTGBP	coinjar	B	0.01186GBP	0,00%	0OXT	0	0.01186GBP	0.01186GBP
14	OXT-USDT OXTUSDT	hitbtc	E	0.01240USDT	0,00%	0OXT	0	0.01240USDT	0.01240USDT
15	OXT-AUD OXTAUD	coinjar	B	0.01382AUD	0,00%	0OXT	0	0.01382AUD	0.01382AUD
16	OXT-USDC OXT-USDC	coinjar	B	0.009589USDC	0,00%	0OXT	0	0.009589USDC	0.009589USDC
17	OXT-BRL OXT-BRL	mercadobtc	C	0.06000BRL	0,00%	0OXT	0	0.06000BRL	0.06000BRL
18	OXT-BTC OXTBTC	hitbtc	E	0.0₇8700BTC	0,00%	0OXT	0	0.0₇8700BTC	0.0₇8700BTC