Orchid Protocol Logo

Orchid Protocol OXT

Orchid Protocol header image

1. Summary

Ranks

Liquidity
94
Developer
64
Social
93
Momentum (beta)
67
Stack Rankā„¢
76
Price
52W High price $0.17
52W High date 14th Mar 2024 (4 months ago)
All Time High (ATH) Date 5th Apr 2021 (3 years ago)
ATH Price $1.03
% From ATH -89.91%
All Time Low (ATL) Date 15th Jun 2023 (1 year ago)
ATL Price $0.05
% From ATL 121.88%
Supply & Trading Volume
Trading Volume (24h) $7.67M
Total Supply 1.00B
Circulating Supply 591.54M
Description

Orchid Protocol

Orchid Protocol

The Orchid Protocol is a decentralized market that connects buyers and sellers of bandwidth. This peer-to-peer network allows users to purchase bandwidth from multiple sellers, forming a proxy chain to access specific resources on the Internet. The key feature of the Orchid Market is the natural separation of information about the source and destination of data, ensuring that no single relay or proxy has both pieces of information. This separation is further enforced by the market structure, which resists collusion attacks from groups of bandwidth sellers.

The Orchid Protocol aims to restore the original open nature of the Internet, which has become increasingly monitored, controlled, and censored. The project seeks to provide the framework for a new form of digital citizenship based on a distributed marketplace for computation, storage, and bandwidth.

Orchid Market

The Orchid Market is powered by a probabilistic nanopayment system built on the Ethereum blockchain. This system enables fast and secure transactions, allowing users to pay for bandwidth without being tied to a single VPN provider. Users can change providers easily and only pay for the bandwidth they use. Bandwidth sellers register their nodes in a provider directory, and their registration information is stored in a stake registry, enabling the Orchid app to discover random servers in the decentralized network.

Orchid Token (OXT)

The Orchid Token (OXT) is the native cryptocurrency of the Orchid Protocol. It is used to purchase bandwidth from the decentralized network of VPN providers. Users and bandwidth sellers must hold OXT to access and provide services. With a finite supply of one billion tokens, OXT is a scarce asset, making it a potential store of value in the long term.

2. Price

OXT

2.1. Market Performance

How does Orchid Protocol's (OXT) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-4.5%

OXT

21.7%

Similar Market Cap

60 Day Return

-30.4%

OXT

1.0%

Similar Market Cap

1 Year Return

56.1%

OXT

261.9%

Similar Market Cap

3. Developer Activity

We're monitoring 3 Orchid Protocol GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Orchid Protocol Repos)

Commits vs. The Market

  • Past 4 weeks: 6 commits vs. an average of 1
  • Past 12 weeks: 59 commits vs. an average of 8
  • Past year: 101 commits vs. an average of 119

Most Active Repos

Past week 37
Past 12 weeks 89
Past year 855
Past week 0
Past 12 weeks 0
Past year 0
Past week 0
Past 12 weeks 0
Past year 0

Top Developers 2024

In total, 8 developers have contributed to Orchid Protocol over the past year. Who are the most active Orchid Protocol developers, by commits, over the past year?

Related Projects

Developers working on Orchid Protocol also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 5,168
Active Reddit Users (past 24h) 12
Discord users
Active Discord Users
Telegram Users 3,480
Twitter followers 112,678
5. News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://www.orchid.com/
Explorer https://etherscan.io/token/0x4575f41308EC1483f3d39...
Twitter @orchidprotocol
reddit /r/orchid
Whitepaper https://www.orchid.com/assets/whitepaper/whitepaper.pdf

What is the correct contract address for Orchid Protocol?

Ethereum 0x4575f41308ec1483f3d399aa9a2826d74da13deb

Has Orchid Protocol been audited for security?

No security audits found for this project.

Are you the owner of Orchid Protocol? Edit it here

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