BTSE is pleased to bring Orchid Protocol (OXT) onto its platform, growing the selection of quality digital assets available to its users.
OXT is native to Orchid Protocol, an open-source overlay network that aims to provide private internet access. Its product, Orchid VPN, enables users to browse the internet privately and securely when logging on to Orchid. Instead of going through one centralized VPN provider, Orchid VPN will match users with a trusted and high-quality VPN provider every time.
The OXT token provides a staking-advertising mechanism to ensure a structured peer-to-peer (P2P) network. Bandwidth providers need to stake OXT to operate an Orchid node. On the other hand, bandwidth users can use OXT tokens to pay providers for services while the VPN is connected.
OXT has a circulating supply of around 591 million tokens out of a total of one billion, at a price of $0.22 on April 28, 2022.
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