Orchid Protocol (OXT) is a digital asset and the native token of the Orchid network, a peer-to-peer privacy marketplace built on Ethereum. OXT is used to compensate the network’s bandwidth providers and users pay these providers in OXT tokens for the bandwidth they consume while browsing privately through Orchid’s VPN. Bandwidth providers must also stake OXT to be selected by users within the network. Orchid Protocol was founded by seven individuals with diverse backgrounds in the tech industry.
