Orchid Network (OXT)

 Basics

• Aka Orchid Protocol
• Founded in:
• Mainnet release: live on xDai (25-3-2021)
• Based in:
• Decentralized VPN service
• From CoinDesk (14-9-2020):

"Orchid (OXT), an Ethereum (ERC-20) compliant token, is used to pay for services on the Orchid network, a decentralized, peer-to-peer marketplace for virtual private network (VPN) providers."

Token

Token allocation

• From CoinDesk (14-9-2020):

"The total supply of OXT tokens is fixed at 1 billion (minus any that may be burned). However, the circulating supply of OXT is difficult to estimate at any given time as tokens are released into the market at frequent intervals but in irregular amounts."

Utility

• From CoinDesk (14-9-2020):

"Orchid users purchase bandwidth with OXT and node providers receive OXT as rewards for supplying bandwidth. Anyone can become a node or bandwidth provider by staking OXT. "

Tech

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on: Ethereum, ERC20 and xDai (25-3-2021)

How it works

• From CoinDesk (14-9-2020):

"Nodes are randomly selected based on the amount of OXT they have staked and by user-selected parameters such as price and location. Orchid gives users control of their privacy by restricting a website from seeing their IP address and physical location."

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here]. None according to Blockchain Security DB (29-6-2020), which does show 1 audit (11-2019).

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].