OXTUSDT
Orchid/Tether·Spot·BINANCE
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About OXT
a16z Portfolio
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Orchid (OXT) is an Ethereum-based token that powers the Orchid Network, a decentralized VPN service designed to provide users with private and secure internet access. The Orchid Protocol creates a peer-to-peer marketplace where users can purchase bandwidth from VPN providers using OXT tokens through a unique probabilistic nanopayment mechanism. This system reduces transaction costs while ensuring fair compensation for service providers. VPN providers stake OXT tokens to advertise their services on the network, with higher stakes resulting in better visibility. The protocol aims to combat internet censorship and surveillance by providing decentralized, private internet connectivity. Orchid represents an innovative approach to privacy services by combining blockchain technology with VPN functionality, creating a marketplace for secure internet access that operates without centralized control.
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