Price (USD)$ 0.0824
Circulating SupplyOXT 591.54473M
Volume (24h)$ 2.58108M
Market Cap$ 48.64587M
Low/High 24h$ 0.0821 - $ 0.0851
Change (24h)-$ 0.000955
The Orchid crypto token OXT is a new digital currency that was released by Orchid Labs in December 2019. Established in 2017, the American blockchain startup Orchid Labs is developing an anonymous browser that would become an alternative to Tor and VPN and minimize censorship and online surveillance.
The currency of the Orchid Protocol project is an ERC20 token based on the Ethereum blockchain. The total number of tokens issued will be 200 million units. As an Ethereum-compatible token, Orchid cryptocurrency it is currently available on many digital exchanges including StealthEX.
At launch, the OXT token was listed for a high of $0.55 but fell 50% later. It has moved and flattened slightly since then but remains struggling in the volatile markets.
Orchid Protocol network users can have two statuses: Agents and Regular Members.
Agents can buy and sell traffic, acting as a Node or Proxy.
To confirm the status of the Agent and to prove the provision of services, the provision of a “Medallion” is used – this is insurance against fraudsters’ access to the cryptocurrency network. Each Agent, when connected to the network, via a special algorithm checks the statuses of the medallions of all the nodes of the cryptocurrency network connected to it. If an incorrect status is found, a consensus decision is made, and this medallion is disconnected from the network.
Regular members can only use the services of Agents.
The maintenance of the network by its participants is stimulated by introducing the project economy. The economic profitability of the project is based on several postulates:
The Orchid developers believe that due to the advantages of their project, the user audience will grow rapidly. With a limited supply of Orchid tokens, this should lead to a smooth increase in the value of this cryptocurrency. The exact cost of transferring 1 Kb of data is not disclosed, but according to preliminary calculations it is equal to $0.00000014, which is much less than the competitors' prices.
New cryptocurrencies come into play every day, and there are currently around 7000 digital currencies available for online trading. Choosing for your own portfolio can be a daunting task if you are unsure of which to choose.If you're interested in a long-term investment, the OXT crypto can be purchased for your digital wallet. New digital currencies, including the OXT token, take time to be active in the market and position themselves accordingly.
Orchid doesn't provide you with a quick fix, but it is an investment you can count on later. Choosing to get these digital tokens now at low prices could be the best decision for your portfolio.
Today OXT price is 0.0824 USD. The best way buy Orchid crypto is StealthEX. It’s a super-friendly, non-custodial and limitless cryptocurrency exchange platform. So if you already have savings in crypto and wish to invest in Orchid cryptocurrency, just go to StealthEX and follow these easy steps:
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