Orchid
OXT
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This page provides technical information on how to interact with independent, third-party decentralized exchanges (DEXs). The assets herein are not accessible via the OKX Centralized Exchange, and OKX does not facilitate their trading. Digital assets displayed are automatically generated based on popularity ranking. OKX does not provide investment recommendations and is not responsible for any potential losses.
Orchid price
€0.046073
-- (--)
EUR
Last updated on --.
About Orchid
OXT (Orchid) is a cryptocurrency designed to power a decentralized virtual private network (VPN) service that prioritizes privacy and internet freedom. The Orchid network allows users to browse the web anonymously by routing their traffic through a global network of bandwidth providers, who are compensated in OXT tokens. This creates a marketplace where users can pay for secure, private internet access without relying on centralized services. Orchid’s unique multi-hop technology further enhances privacy by encrypting and redirecting data across multiple nodes. For everyday users, OXT represents a way to support online privacy while participating in a decentralized alternative to traditional VPNs. The project appeals to those who value security, censorship resistance, and user-controlled internet access.
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Orchid performance
€0.046073
Orchid price today
Orchid price today is €0.046073, marking a +2.27% over the past 24 hours. On OKX, today’s Orchid trading volume reached 416,471, worth over €19.19K.
$0.05319
Orchid in USD
The current Orchid to USD conversion rate is $0.05319 per Orchid.
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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Learn more about Orchid (OXT)
What's Orchid?
Orchid is a decentralized platform designed to provide secure and private internet access. It addresses the issue of online privacy by allowing users to purchase bandwidth from a global pool of service providers. The primary use case is to enable users to browse the internet anonymously and securely, protecting their data from surveillance and censorship.
How does Orchid work?
Orchid operates on the Ethereum blockchain, utilizing a peer-to-peer network to connect users with bandwidth providers. It employs a unique probabilistic nanopayment system to facilitate transactions, ensuring efficient and low-cost payments. The platform uses a staking mechanism where providers stake Orchid tokens (OXT) to offer services, enhancing network reliability and security.
What's the total supply of Orchid?
Orchid has a total supply of 1 billion OXT tokens. The circulating supply varies as tokens are distributed and used within the network. The tokenomics involve a staking model where service providers lock up OXT to participate, which can influence the available supply. There are no mechanisms for minting or burning tokens, maintaining a fixed supply.
What determines Orchid's price?
The price of Orchid is influenced by its utility in providing private internet access, the demand for secure browsing, and overall network usage. Market sentiment and regulatory developments can also impact its value. Additionally, competition from other privacy-focused solutions may affect its market position. Prices are subject to change based on these factors.
Pros and cons of Orchid
- Pros: Enhances online privacy, decentralized network, efficient payment system, supports censorship resistance.
- Cons: Dependent on Ethereum network fees, competition from other privacy solutions, requires understanding of cryptocurrency for use.
How do I store my Orchid?
Users can acquire Orchid tokens (OXT) through exchanges like OKX. Once obtained, tokens can be used to purchase bandwidth on the Orchid network. For storage, users should use secure wallets that support Ethereum tokens. It's important to safeguard private keys and be cautious of phishing attempts. Availability of Orchid may vary by jurisdiction, so users should verify local regulations.
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Find out how to buy Orchid
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Predict Orchid’s prices
How much will Orchid be worth over the next few years? Check out the community's thoughts and make your predictions.
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Orchid FAQ
Orchid can offer strong returns, but is also subject to market volatility. Whether it’s a good investment depends on your risk tolerance, goals, and market conditions. Orchid’s price can be influenced by various factors such as adoption, regulation, technological advancement, and overall market sentiment. Always do your own research before buying Orchid and never buy more than you can afford to lose. This content is for informational purposes only and isn’t financial advice.
To buy Orchid at a low price, monitor the market closely and use tools like price alerts and technical indicators to keep you updated on price trends. Always do your own research and use secure platforms. This content is for informational purposes only and isn’t financial advice.
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Orchid OXT safely on a trusted exchange like OKX.
Currently, one Orchid is worth €0.046073. For answers and insight into Orchid's price action, you're in the right place. Explore the latest Orchid charts and trade responsibly with OKX.
To read this Orchid price chart, hover over or click on the time period you want to view. Hover over the chart to view the corresponding price, displayed in your local currency.
Yes, Orchid’s price is updated in real-time on our Orchid price page. You can view the current price and historical price data here at all times.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Orchid OXT. Refer here for a more detailed guide.
Staking and earning rewards with Orchid are subject to local restrictions. Log in or sign up to view products available in your country, region, or state of residence.
To use Orchid Protocol, you must purchase OXT tokens to connect to the Orchid Network. Users can then use these tokens to pay for bandwidth from any available providers. The amount of bandwidth required determines the OXT payment for the user.
The bandwidth providers who offer their services receive OXT tokens as rewards from the Orchid Network. Providing more bandwidth earns the bandwidth provider more tokens.
OXT provides a secure way to pay for bandwidth, as it relies on the Ethereum blockchain. Due to the underlying root chain security, hackers find it difficult to steal or counterfeit OXT tokens. It also enables users to browse the internet anonymously. The Orchid Network was designed to be scalable. It can handle a large number of users and transactions. OXT offers a cost-effective solution for paying for bandwidth. However, bandwidth costs are determined by supply and demand.
Easily buy OXT tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include OXT/USDT.
You can also swap your existing cryptocurrencies, including Bitcoin (BTC), XRP (XRP), Tether (USDT), and USD Coin (USDC), for OXT with zero fees and no price slippage by using OKX Convert.
Market cap
€27.25M
Circulating supply
591.54M / 1B
All-time high
€0.90951
24h volume
€19.19K
Rating
0.0 / 5
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