Question 1

What is it?

Accepted Answer

Orchid Protocol (OXT) is a unique digital asset and the native token of the Orchid network. It functions within a peer-to-peer privacy marketplace built on Ethereum. As an ERC-20 token, OXT is integrated into the larger Ethereum ecosystem and can be held in any wallet that supports ERC-20 tokens.

The Orchid Protocol, on the other hand, is a decentralized, open-source technology for anonymous web browsing. It leverages the power of blockchain to provide secure and private internet access to users worldwide. It does so by incentivizing a network of bandwidth providers (nodes) via its native token, OXT.

Question 2

What is it used for?

Accepted Answer

OXT has a twofold use within the Orchid network. It is primarily used to compensate the network's bandwidth providers. Users pay these providers in OXT tokens for the bandwidth they consume while browsing privately through Orchid's VPN (Virtual Private Network). Secondly, bandwidth providers must stake OXT to be selected by users within the network, creating a sort of "probabilistic micropayments" system.

In essence, OXT fuels a decentralized marketplace for bandwidth where users can purchase VPN services from a network of providers using the Orchid app, thus ensuring internet privacy and circumventing internet censorship.

Question 3

Who created it?

Accepted Answer

Orchid Protocol was founded by several individuals with diverse backgrounds in the tech industry: Jay Freeman, Brian J. Fox, Gustav Simonsson, and Dr. Steven Waterhouse (Seven).

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	OXT-USD OXT-USD	coinbase	AA	0.01049USD	2.34%	7,350,760.00OXT	599	0.01025USD	0.01070USD
2	OXT-USDT OXT_USDT	gateio	A	0.01046USDT	2.05%	1,575,593.00OXT	540	0.01025USDT	0.01061USDT
3	OXT-USD OXTUSD	kraken	AA	0.01061USD	3.82%	613,412.24OXT	137	0.01022USD	0.01063USD
4	OXT-EUR OXTEUR	kraken	AA	0.009180EUR	1.89%	64,401.69OXT	20	0.009010EUR	0.009180EUR
5	OXT-USDT oxtusdt	huobipro	C	0.01036USDT	-2.61%	143,950,754.19OXT	25,810	0.01064USDT	0.01136USDT
6	OXT-USDT OXTUSDT	mexc	C	0.01051USDT	2.90%	5,614,555.46OXT	3,322	0.01021USDT	0.01063USDT
7	OXT-USDT OXT_USDT	coinw	-	0.01046USDT	1.75%	1,689,696.69OXT	1,829	0.01028USDT	0.01055USDT
8	OXT-USDT OXT_USDT	bydfi	-	0.01050USDT	2.94%	1,101,763.00OXT	2,231	0.01020USDT	0.01060USDT
9	OXT-USDT OXTUSDT	latoken	D	0.01046USDT	2.57%	703,172.45OXT	960	0.01020USDT	0.01061USDT
10	OXT-ETH OXTETH	mexc	C	0.0₅3907ETH	-1.14%	650,569.32OXT	1,472	0.0₅3953ETH	0.0₅4019ETH
11	OXT-AUD OXTAUD	coinjar	B	0.01534AUD	0.00%	0OXT	0	0.01534AUD	0.01534AUD
12	OXT-USDC OXT-USDC	coinjar	B	0.01093USDC	0.00%	0OXT	0	0.01093USDC	0.01093USDC
13	OXT-EUR OXTEUR	bit2me	B	0.009040EUR	0.33%	64,401.69OXT	20	0.009010EUR	0.009180EUR
14	OXT-BRL OXT-BRL	mercadobtc	C	0.04400BRL	-20.00%	5,686.79OXT	9	0.05500BRL	0.05500BRL
15	OXT-GBP OXTGBP	coinjar	B	0.01186GBP	0.00%	0OXT	0	0.01186GBP	0.01186GBP
16	OXT-USDT OXTUSDT	hitbtc	E	0.01240USDT	0.00%	0OXT	0	0.01240USDT	0.01240USDT
17	OXT-USD OXTUSD	coinjar	B	0.01001USD	0.00%	0OXT	0	0.01001USD	0.01001USD
18	OXT-BTC OXTBTC	hitbtc	E	0.0₇8700BTC	0.00%	0OXT	0	0.0₇8700BTC	0.0₇8700BTC