OXT (Orchid) Introduction

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

  • Total Token Supply: 1,000,000,000 OXT
  • Circulating Supply: 497,117,212 OXT (Updated on 2020/12/21)
  • 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
  • Click here to check Release Schedule & More Details

5. Related links

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 Some of the content may be out of date, error or omission. Huobi does not take responsibility for any resulting direct or indirect losses.