Orchid (OXT) is an Ethereum (ERC-20) digital currency used to exchange value on the Orchid network. The users of Orchid obtain bandwidth from the Orchid node providers and pay them with OXT in the exchange of that bandwidth. It is a requirement that both users and providers stake OXT.
Many of us don’t realize that when we use our mobile devices, our data can be collected without our consent, and some internet service providers resell that information to advertising companies without paying us anything. Governments can also censor their countries internet so that we can only see what they want us to see.
Orchid network offers a decentralized market for anonymous communication and a virtual private network (VPN). Orchid aims to provide a privacy and anonymity tool with its VPN. When you install the OXT VPN Wallet on your mobile device, it gives you the option to connect to the internet using a secure VPN to stop the monitoring and inspecting of unwanted web trackers. This VPN helps to keep the internet uncensored and without surveillance.
The total supply of OXT is fixed to one billion units, meaning that there is no inflation.
Coinbase has recently added OXT to their exchange. You can learn more about Orchid and earn OXT on Coinbase by following the link below: