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What is Orchid coin (OXT) and how does it work?

by Financial Economy

Orchid (OXT) is an Ethereum token running the peer-to-peer privacy tool Orchid network, offering decentralized VPN and other features designed to give users greater control over their internet connections. OXT is used to pay for bandwidth or staked by bandwidth providers to run a node. Detailed information about what is Orchid coin OXT and how does it work, how to buy, how much is OXT price, etc. in the continuation of the content. For information about DENT coin, you can check here.

What is Orchid coin (OXT) and how does it work?

Having accomplished important works in the world of blockchain, finance and technology, Dr. Steven Waterhouse, Jay Freeman, Brian J. It is a project created under the umbrella of Orchid Labs, which was established in partnership with Fox and Gustav Sminsson. The coin of the project, which started in 2017, was launched in December 2019. Orchid is a network that provides VPN services in exchange for cryptocurrency. The symbol of the platform’s cryptocurrency is OXT.

OXT works with Ethereum infrastructure. OXT is a mined cryptocurrency. Anyone with experience in mining the Ethereum network can do it. The Orchid network has a system in which two groups called ‘bandwidth users’ and ‘bandwidth vendors’ are active.

Thanks to the mobile application, the buying and selling transactions between these two groups are facilitated and their internet roaming is customized. Compared to ordinary VPNs, their servers are risk-free and promise a safe experience. It has the distinction of being the first incentivized, peer-to-peer privacy network in the world.

Where to buy Orchid coin (OXT)? How much is the OXT coin price?

Orchid coin (OXT) can be purchased from the listed cryptocurrency exchanges. At this point, you should make sure that the stock market you will trade on is “reliable and well-known”. Orchid coin price is around $0.36 as of August 19, 2021. OXT saw its lowest price so far on March 13, 2020, with $0.1059. The total supply of the cryptocurrency, whose circulating supply is 690,690,084 OXT, is 1,000,000,000 OXT.

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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