OXT
OXT

Orchid price

$0.11669
-$0.00255
(-2.14%)
Price change from 00:00 UTC until now
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Orchid market info

Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
Market cap
$68.74M
Circulating supply
591,544,729 OXT
Market cap ranking
235
24h high
$0.12153
24h low
$0.11290
All-time high
$1.0500

Orchid price performance in USD

The current price of Orchid is $0.11669. Since 00:00 UTC, Orchid has decreased by -2.14%. It currently has a circulating supply of 591,544,729 OXT and a maximum supply of 1,000,000,000 OXT, giving it a fully diluted market cap of $68.74M. At present, the Orchid coin holds the 235 position in market cap rankings. The Orchid/USD price is updated in real-time.
Today
-$0.00255
-2.14%
7 days
$0.00097383
+0.84%
30 days
-$0.00199
-1.68%
3 months
$0.049344
+73.26%

About Orchid (OXT)

3.9/5
Certik
3.9
12/30/2024
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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The Orchid Network (OXT) is a decentralized platform designed for secure and private interactions and networks. It utilizes blockchain technology to offer users anonymity and decentralization options. As a cryptocurrency, Orchid enables transactions to occur in a secure and confidential environment, eliminating the need for intermediaries.

What is Orchid?

Orchid is a platform that emphasizes privacy and security in online financial transactions. It prioritizes user confidentiality and utilizes blockchain technology to enable decentralized protocols. Orchid encourages users to engage in financially risk-free transactions by offering a secure and undetectable payment option.

The Orchid team

Orchid Labs, a San Francisco-based company, developed the Orchid Protocol. Leading the team is Stephen Waterhouse, a prominent figure in the blockchain and technology industry with an impressive career at Pantera Capital. 

Waterhouse holds a Ph.D. in computer engineering from Cambridge University. Jay Freeman works alongside Waterhouse at Orchid, renowned for inventing Cydia, the jailbroken iPhone application. 

Gustav Simonsson, a former core developer at Ethereum, also contributes his expertise to the team. The Orchid team is united by a shared dedication to safeguarding user privacy, forming the foundation of their work on the Orchid Protocol. 

How does Orchid work?

The Orchid Protocol enables users who wish to join the Orchid Network to acquire OXT tokens. Users connect with bandwidth providers and pay for their services using OXT tokens. Once the payment is made, the user receives bandwidth from the provider. As part of the transaction, five OXT coins are sent to the bandwidth supplier as compensation for their services.

Orchid Network native token—OXT

Orchid Network's native token is OXT, which serves as the network's digital currency. It operates as an ERC-20 token on the Ethereum blockchain, ensuring compatibility and ease of use. Users utilize OXT to pay for bandwidth on the network and incentivize bandwidth providers to accept OXT as a form of payment.

The road ahead for OXT

The Orchid Network has generated substantial interest from the privacy community, even in its early development stage. The dedicated team continuously strives to improve the network and provide a seamless user experience.

Moving forward, the Orchid team has set several important goals to accomplish. These include integrating the Orchid Network with additional decentralized applications (dApps), expanding the network's bandwidth capacity, and enhancing the user experience further. The Orchid team aims to establish OXT as a prominent player in the privacy market by successfully achieving these milestones.

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OXT FAQ

What is OXT, and how does it work?

To use Orchid Protocol, you must purchase OXT tokens to connect to the Orchid Network. Users can then use these tokens to pay for bandwidth from any available providers. The amount of bandwidth required determines the OXT payment for the user.

The bandwidth providers who offer their services receive OXT tokens as rewards from the Orchid Network. Providing more bandwidth earns the bandwidth provider more tokens.

What are the advantages of using OXT?

OXT provides a secure way to pay for bandwidth, as it relies on the Ethereum blockchain. Due to the underlying root chain security, hackers find it difficult to steal or counterfeit OXT tokens. It also enables users to browse the internet anonymously. The Orchid Network was designed to be scalable. It can handle a large number of users and transactions. OXT offers a cost-effective solution for paying for bandwidth. However, bandwidth costs are determined by supply and demand.

Where can I buy OXT tokens?

Easily buy OXT tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include OXT/USDT.

You can also swap your existing cryptocurrencies, including Bitcoin (BTC), XRP (XRP), Tether (USDT), and USD Coin (USDC), for OXT with zero fees and no price slippage by using OKX TR Convert.

How much is Orchid worth today?
Currently, one Orchid is worth $0.11669. For answers and insight into Orchid's price action, you're in the right place. Explore the latest Orchid charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Orchid, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Orchid have been created as well.