OXT
No. 388Price
Markets
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1. Project introduction
Orchid is a decentralized market for anonymous communication and virtual private networking. It is a platform that enables an onion routing network incentivized by OXT and a multi-hop VPN client. The Orchid community believes in Open Source software and that Orchid can enable a brighter, freer and empowered future.
The Orchid network enables a decentralized virtual private network (VPN), allowing users to buy bandwidth from a global pool of service providers. To do this, Orchid uses an ERC-20 staking token called OXT, a new VPN protocol for token-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.
OXT’s primary purpose is to provide a staking-advertising mechanism that aligns operator incentives to the benefit of the Orchid network and mitigates certain risks.
2. Team introduction
Co-Founder & CEO: Dr.Steven Waterhouse
Co-Founder & CTO: Jay Freeman
Co-Founder: Brian J.Fox
Co-Founder & Advisor: Gustav Simonsson
3. Investment institution
Andreessen Horowitz, Blockchain Capital, Compound VC, Crunchfund and Danhua, along with Draper Fisher Jurvetson, MetaStable, Polychain Capital, Sequoia and Struck Capital
4. Application
OXT is a cryptocurrency based on the ERC-20 standard that will be used to decentralize trust between buyers and sellers in the Orchid marketplace.It also functions as a tool to promote security and healthy market dynamics, as providers can adjust their OXT stake to remain competitive.At launch we intend there to be a limited supply of one billion.
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