1. Brief Introduction
The Orchid network enables a decentralized virtual private network, allowing users to buy bandwidth from a global pool of service providers.
2. Detailed Introduction
Orchid uses an ERC-20 utility token called OXT, a new virtual private network 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.
3. Token Allocation
51.13% Network incentives/treasury/ other
17.35% Seed SAFT
4.49% SAFT 2a
3.38% SAFT 2b
12.25% Team A
9.35% Team B
1.73% Team C
0.37% Team D
4. Token Information and Release Schedule
Private Round Price:
Seed SAFT: Purchase price was $.03 per OXT
SAFT 2a: Purchase price was $.50 per OXT
SAFT 2b: Purchase price was $.70 per OXT
Public Round Price: No Public Round
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. HTX does not take responsibility for any resulting direct or indirect losses.
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