Orchid Price
(OXT)
USD($)
Orchid (OXT) Live Price Chart
Overview
About
Analysis
FAQ
Orchid Live Price Data
The live price of Orchid is $0.11413, with a total trading volume of $ 151,209 in the last 24 hours. The price of Orchid changed by +18.39% in the past day, and its USD value has decreased by -8.76% over the last week. With a circulating supply of 979,779,107 OXT, the market cap of Orchid is currently 113.66M USD, marking a --% increase today. Orchid currently ranks #264 in market cap.
How do you feel about Orchid today?
Note: This data is for reference only.
Orchid(OXT) Profile
Rank264
--Expand 
Website
Documentation
Explorer
Contract
- Ethereum 0x4575f4...Deb
Audited By
- https://consensys.net/diligence/audits/2019/11/orchid-network-protocol/
Code & Community
Investors
- a16z (Andreessen Horowitz)
- Polychain Capital
$0.08980
$0.11825
- ATH
- $1.02
- Price Change (1h)
- -2.78%
- Price Change (24h)
- +18.39%
- Price Change (7d)
- -8.76%
- Market Cap
- $113.66M
- 24h Volume
- $151,209
- Circulating Supply
- 979,779,107
- Max Supply
- 1B
About OXT
How can I buy Orchid (OXT)?
Buying OXT on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Orchid (OXT) for more information. What Is Orchid (OXT) Crypto?
The Orchid network is a decentralized platform that provides privacy-focused virtual private network (VPN) services. Orchid's primary function is to enable users to access VPN services. VPNs help users mask their IP addresses and encrypt their internet traffic, enhancing online privacy and security.
Orchid incorporates a decentralized marketplace where users can buy bandwidth from providers using OXT. This marketplace aims to create a competitive and transparent environment for VPN services.
Orchid offers a unique multi-hop VPN feature, allowing users to route their internet traffic through multiple nodes, enhancing anonymity and security.
Orchid (OXT), an ERC-20 token issued on Ethereum, serves as the native digital currency of the Orchid network. Users of the Orchid network use OXT to access and pay for VPN services that enhance their online privacy and security.
How Does Orchid Network Work?
Here’s a brief overview of how the Orchid network works:
Orchid VPN
Orchid's primary function is to enable users to access VPN services. VPNs help users mask their IP addresses and encrypt their internet traffic, enhancing online privacy and security. The Orchid network is designed to provide decentralized and more private VPN solutions.
Orchid Marketplace
Orchid incorporates a decentralized marketplace where users can buy bandwidth from providers using OXT. This marketplace aims to create a competitive and transparent environment for VPN services.
Orchid VPN
Orchid offers a unique multi-hop VPN feature, allowing users to route their internet traffic through multiple nodes, enhancing anonymity and security.
OXT - the Native Token
OXT incentivizes network participants, including VPN node operators, to contribute resources and maintain the network's integrity.
History of Orchid and OXT Coin
Orchid Labs, the company behind the Orchid network, was founded in 2017 by a team of privacy-focused developers, including Dr. Steven Waterhouse, Jay Freeman, Brian J. Fox, and Gustav Simonsson.
Orchid's mission was to create a decentralized marketplace for bandwidth to provide users with a more private and secure internet experience. The Orchid network officially launched its services and cryptocurrency, $OXT, via a private sale on December 10, 2019.
Orchid (OXT) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.01754 | 18.16% |
| 7 Days | $-0.01097 | -8.77% |
| 30 Days | $0.03678 | 47.56% |
| 3 Months | $0.04066 | 55.35% |
24H Investment Barometer
24H
- Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Strong SellSellNeutralBuyStrong Buy
Orchid Conversion Rate
FAQ
How much is 1 Orchid (OXT) worth?
KuCoin provides real-time USD price updates for Orchid (OXT). Orchid price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time OXT to USD exchange rates. Is Orchid (OXT) a Good Investment?
Here are some reasons why you could consider adding $OXT to your crypto portfolio:
Privacy Focus
Orchid's primary purpose is to provide decentralized VPN services, enhancing online privacy and security. The demand for privacy-focused solutions like Orchid may increase as privacy concerns grow.
Innovative Technology
Orchid's multi-hop VPN feature, which routes internet traffic through multiple nodes for enhanced anonymity, sets it apart from traditional VPN providers.
Strong Development Team
Orchid Labs, the company behind Orchid, has a team of experienced developers dedicated to improving the platform and its offerings.
Utility of OXT Crypto
OXT tokens are used within the Orchid network to pay for VPN services and incentivize node operators. The utility of OXT within the network can drive demand for the cryptocurrency.
What Is Orchid Price Prediction?
While we cannot offer an accurate OXT price prediction over any timeframe, you could monitor the following factors to understand the price movements in the Orchid crypto:
Level of Adoption of Orchid Network
The extent to which Orchid's technology is adopted and used within its network can impact its price. Increased utility and usage may drive demand for OXT.
Future Developments in the Orchid Roadmap
Updates to the Orchid network, technological improvements, and new features can influence investor confidence and interest.
Competition in Privacy-focused Projects
Competition from other privacy-focused cryptocurrencies and VPN services can affect Orchid's market position and price.
Investor Sentiment
Investor sentiment plays a significant role in cryptocurrency price movements. Positive news, partnerships, or developments can drive up demand, while negative news can have the opposite effect.
What Is OXT Token Used for?
$OXT, the native token of the Orchid network, has several use cases, including:
Paying for Bandwidth
OXT tokens are used to pay for bandwidth within the Orchid network. Users who want to access the network's VPN services or relay their internet traffic through Orchid nodes must pay in OXT tokens for the bandwidth they consume.
Staking OXT on Orchid
Orchid providers stake OXT tokens in an Ethereum smart contract. This staking serves as collateral to ensure they provide reliable and high-quality bandwidth services to the network. Providers receive rewards for their services and can lose their staked tokens if they behave maliciously.
Incentive Token in Orchid Ecosystem
OXT tokens act as incentives for individuals to become Orchid network nodes. These nodes play a crucial role in routing and relaying encrypted traffic within the network, contributing to its decentralized and secure nature.
Governance Token
OXT tokens can also play a role in network governance, allowing token holders to participate in decision-making processes related to the Orchid network's development and upgrades.
Trade or Invest in OXT
Trade Orchid token against other cryptos in the KuCoin Spot Market to profit from changing market conditions and volatility. Buy or sell OXT, or hold it long-term if you believe in the future potential of the Orchid protocol. Remember to enter any new trade in the crypto market only after doing your own research.
How to Stake OXT on Orchid
Here’s how you can stake $OXT and participate as a provider of bandwidth services in the network:
1. Buy OXT on KuCoin or other supported platforms and transfer your tokens to your wallet.
2. Visit the official Orchid website and explore the relevant section to learn more about the staking process.
3. Follow the instructions provided on the Orchid website to stake your OXT tokens. This typically involves interacting with an Ethereum smart contract. You may need to authorize the smart contract to access your OXT tokens from your wallet.
4. You can advertise your bandwidth services on the Orchid network as a provider. Clients looking for VPN services can connect to your node if it meets their requirements.
5. By staking OXT and offering reliable bandwidth services, you become eligible for rewards within the Orchid network.
Who Are Orchid’s Partners?
Orchid has partnered with several businesses to expand their services. The project’s VPN partners include privateinternetaccess, bolehvpn, VPN.S, and Liquid VPN.
Orchd’s wallet partners include MetaMask, imToken, Trust Wallet, BitGo, BRD, and Ledger. Other partners of the Orchid network include bloq, Blockchain Association, and Chamber of Digital Commerce.
What is the all-time high price of Orchid (OXT)?
The all-time high price of Orchid (OXT) is $1.01000. The current price of OXT is down 88.76% from its all-time high.
What is the all-time low price of Orchid (OXT)?
The all-time low price of Orchid (OXT) is $0.04663. The current price of OXT is up 144.82% from its all-time low.
How much Orchid (OXT) is there in circulation?
As of 12 21, 2024, there is currently 979,779,107 OXT in circulation. OXT has a maximum supply of 1B.
What is the market cap of Orchid (OXT)?
The current market cap of OXT is $113.66M. It is calculated by multiplying the current supply of OXT by its real-time market price of $113.66M.
How do I store Orchid (OXT)?
You can securely store your Orchid in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your OXT include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.