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Orchid OXT
With digital privacy and censorship growing as concerns for people around the world, VPN services (“Virtual Private Network”) have become a popular tool for privately and securely browsing the internet and interacting with online services. Orchid (OXT) was launched in December 2019 as the first peer-to-peer network for matching incentivized VPN-like service providers with online-privacy-seeking users.
I recommend that you always do your own research, and consider the latest market trends, OXT news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns, and never invest more than you can afford to lose.
Orchid is a crypto-powered VPN service that aims to extend the functionality of traditional VPN services with the security and anonymity benefits of blockchain technologies. OXT is an Ethereum token that serves as a secure means of paying for the use of Orchid's VPN service.
A San Francisco-based “new internet” startup, Orchid Labs has built a surveillance-free layer atop the internet, a sort of ring-fenced liberty zone that's decentralized, scalable and sustainable. This one-fell-swoop dynamic gets achieved via an optimally aligned bandwidth marketplace where node providers, staking tokens, relay their VPN services over the Ethereum blockchain, matching supply with demand, as needed, users’ paying as they go.
Buyers use the Orchid app to get protection from snooping ISP's, unblock websites cutoff by firewalls, and for many other privacy benefits. Sellers receive payments in real-time as they provide service and stake OXT to compete for service requests. Orchid Technologies charges no fees, and the community maintains the Open Source software that powers the entire ecosystem.
Fund in-app with your native fiat currency or use the DApp to fund an account with your crypto.
Tap "Connect" to match with a VPN server that has locked up OXT to compete for your business.
Orchid nanopayments mean you are never locked into a subscription and pay only for actual use.
The Orchid network enables a decentralized virtual private network (VPN), allowing users to buy bandwidth from a global pool of service providers.
To do this, Orchid uses an ERC-20 staking token called OXT, a new VPN protocol for token-incentivized bandwidth proxying, and smart-contracts with algorithmic advertising and payment functions. Orchid's users connect to bandwidth sellers using a provider directory, and they pay using probabilistic nanopayments so Ethereum transaction fees on packets are acceptably low.
The OXT price prediction from forecasting site DigitalCoin estimated that the coin could average $0.93 in 2022, rising to $1.52 in 2025, based on historical data. Nov 29, 2021
The price of Orchid’s cryptocurrency, OXT, has seen a numer of spikes in recent weeks. An upgrade in September introduced enhanced privacy features for the virtual public network (VPN) service lifting it to $0.477. It then hit three more in October/November culminating in a peak of $0.7809. A sell off has seen the price drop to the current (29 November) level of $0.5118.
So, although down 34% from the November high, the Orchid coin price (OXT/USD) is still 230% up for the year.
The protocol’s recent development and the long-term outlook for the OXT future price is strong.
Orchid Labs, which is developing the protocol, was founded in 2017 by Steven Waterhouse, Jay Freeman, Brian J. Fox, Gustav Simonsson and Stephen Bell. The founders bring together experience across open-source software, technology management, blockchain investment, app package management and security – Waterhouse co-founded cryptocurrency-focused venture capital company Pantera Capital; Freeman created Cydia, an alternative to the Apple App Store for jailbroken Apple devices; Fox created the first interactive online banking system at US bank Wells Fargo; and Simonsson was one of the core security developers for the Ethereum network when it launched in 2015.
The Orchid network brings cryptocurrency to the cybersecurity space, providing a blockchain-based, peer-to-peer VPN service that connects users with a decentralised pool of providers with surplus bandwidth. It operates what the Orchid website calls a “VPN protocol for token-incentivised bandwidth proxying, and smart-contracts with algorithmic advertising and payment functions”. The decentralised nature of the network allows users to maintain their security and privacy as they browse the Internet.
OXT is the native Orchid token used to exchange value on the network, which operates a pay-per-use model. The token was launched in December 2019.
The service runs on the Orchid bandwidth marketplace app, which is similar to a typical VPN client. The Orchid protocol runs on top of WebRTC, a common web standard used to transmit audio and video in browsers. Bandwidth users and providers need to hold OXT in a secure Web3 cryptocurrency wallet to be able to use the service. Web3 refers to the next-generation Internet, which introduces a governance layer that enables individuals to take control of their personal data and privacy.
The OXT price climbed to $0.7634 on 2 November, its highest level since mid-May, when cryptocurrency markets sold-off their highs. It had previously spiked as high as $0.8631 on 17 April. The price briefly slipped to a small year-to-date loss in June, trading below the $0.20 level, having started the year at $0.2228. OXT then moved up to $0.5146 on 25 August during the summer rally, and bottomed at $0.2874 in late September as the markets dipped.
At the time of writing (29 November), cryptocurrency data tracker CoinCodex was bullish on the price outlook for OXT in the short-term, with 27 technical analysis indicators giving bullish signals and four bearish. Its Orchid (OXT) crypto price prediction expected the price to rise to $0.459 by 4 December.
CoinArbitrageBot listed OXT as a buy based on technical analysis. The site predicted that the OXT cryptocurrency price could average $0.544 in 2022, $1.01 in 2023, $1.64 in 2024 and $2.65 in 2025.
Orchid OXT Review: Complete Crypto Overview
https://coinmarketcap.com/currencies/orchid/
https://www.orchid.com/
https://www.gemini.com/prices/orchid?utm_source=google&utm_campaign=USA_Search_Prospecting_Exchange_DSA_Orchid&utm_medium=cpc&utm_content=126115634619&utm_term=&gclid=Cj0KCQiA2NaNBhDvARIsAEw55hgV7JLcrmjf6q6GMcRBUoVc1zkOZy3-qniGcO7Icvl5EGm3iJF_ovsaAkUyEALw_wcB
https://uphold.com/assets/crypto/buy-oxt?campaignid=15432229638&adgroupid=&adid=&gclid=Cj0KCQiA2NaNBhDvARIsAEw55hiPBPyqFEOwr2m1uPVphbEkzDn6c80g09YmNuViUnCUJUlbB1n9N1AaAsIkEALw_wcB
https://capital.com/orchid-oxt-price-prediction-2021-2025
Friday, December 3, 2021
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