What Is Orchid (OXT)?
Orchid (OXT) is the native token of Orchid, a cryptocurrency-powered virtual private network (VPN).
Launched in December 2019, Orchid describes itself as the world’s first incentivized, peer-to-peer privacy network.
Its aim is to overcome internet freedom limitations by using cryptocurrency payments to allow anyone to purchase bandwidth from any participating provider. This is done using so-called probabilistic nanopayments, which occur using OXT, an ERC-20 standard token on Ethereum.
Regular payments to providers occur off-chain, allowing Orchid to avoid problems with congestion and gas fees on the Ethereum network.
The service is pay-per-use, meaning that users only have to contribute funds when they actually connect, instead of paying monthly or annual fees.
Who Are the Founders of Orchid?
Waterhouse is a well-known figure within cryptocurrency, having also co-founded venture capital outfit Pantera Capital, which is responsible for investing in some of the industry’s most popular companies.
Freeman is the creator of Cydia, an alternative Apple App Store for jailbroken Apple devices and currently used by around 30 million jailbroken Apple products.
Fox is responsible for the creation of United States bank Wells Fargo’s first interactive online banking system in the mid 1990s.
Simonsson, meanwhile, is one of the Ethereum network’s core security developers, helping with its original launch in 2015.
According to official literature, Waterhouse became alerted to the need for internet privacy improvements after becoming the victim of a SIM-swap attack, and began researching VPN technology.
Orchid Price Prediction
If you’re looking for Orchid price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of Orchid (OXT) will go in the future? We will analyze the past prices of Orchid (OXT) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
|Year||Minimum Price||Average Price||Maximum Price|
|USD Price||$ 0.25|
|24h Volume||$ 14,047,346|
Orchid (OXT) Price Prediction
At reconshell.com we predict future Orchid price predictions/OXT forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Orchid. We do our best to collect maximum historical data for the OXT coin which include multiple parameters like past price, Orchid marketcap, Orchid volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Orchid Price Prediction 2022
According to our deep technical analysis on past price data of OXT, In 2022 the price of Orchid is predicted to reach at a minimum level of $0.33. The OXT price can reach a maximum level of $0.39 with the average trading price of $0.34.
Orchid Price Prediction 2023
The price of Orchid is predicted to reach at a minimum level of $0.50 in 2023. The Orchid price can reach a maximum level of $0.57 with the average price of $0.51 throughout 2023.
OXT Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of Orchid is predicted to reach at a minimum level of $0.70. The OXT price can reach a maximum level of $0.86 with the average trading price of $0.72.
The price of 1 Orchid is expected to reach at a minimum level of $0.96 in 2025. The OXT price can reach a maximum level of $1.22 with the average price of $1.00 throughout 2025.
Orchid Price Prediction 2026
Orchid price is forecast to reach a lowest possible level of $1.48 in 2026. As per our findings, the OXT price could reach a maximum possible level of $1.70 with the average forecast price of $1.52.
Orchid Price Prediction 2027
According to our deep technical analysis on past price data of OXT, In 2027 the price of Orchid is forecasted to be at around a minimum value of $2.11. The Orchid price value can reach a maximum of $2.59 with the average trading value of $2.17 in USD.
Orchid (OXT) Price Prediction 2028
The price of Orchid is predicted to reach at a minimum value of $2.98 in 2028. The Orchid price could reach a maximum value of $3.64 with the average trading price of $3.06 throughout 2028.
Orchid Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of Orchid is expected to reach at a minimum price value of $4.25. The OXT price can reach a maximum price value of $5.17 with the average value of $4.41.
Orchid (OXT) Price Prediction 2030
The price of Orchid is predicted to reach at a minimum value of $5.94 in 2030. The Orchid price could reach a maximum value of $7.24 with the average trading price of $6.16 throughout 2030.
Orchid Price Prediction 2031
Orchid price is forecast to reach a lowest possible level of $9.06 in 2031. As per our findings, the OXT price could reach a maximum possible level of $10.39 with the average forecast price of $9.30.
What Makes Orchid Unique?
The main idea behind Orchid is the use of blockchain technology to enhance the existing VPN experience.
Using cryptocurrency-based probabilistic nanopayments, users can benefit from anonymous VPN usage which does not rely on a centralized server and the risks associated with a particular country’s infrastructure.
As a freely-exchangeable ERC-20 token, OXT also provides a trading incentive to own and increase network value for owners.
A separate feature allows users to purchase so-called “Orchid credits” with fiat currency. In this instance, OXT cannot be withdrawn and converted elsewhere, only spent with network providers. This is designed to appeal to those who do not wish to transact in cryptocurrency.
The appeal of Orchid, however, is not just among cryptocurrency users. Developers highlight a growing trend for internet freedom in the face of mounting geopolitical tensions and local restrictions.
Web 3.0 technology is used to provide some semblance of an open internet, as it was conceived when consumer access began to go mainstream in the early 1990s.
How Many Orchid (OXT) Coins Are There In Circulation?
OXT has a supply of 1,000,000,000 (1 billion) units. There is no inflation, but the possibility for deflation is maintained by possible token burns of OXT as part of regular network function.
Of the total supply, 51.13% are earmarked for network incentives (held in the Orchid Treasury) and other purposes. 17.3% went to investors as part of the seed Simple Agreement for Future Tokens (SAFT), 4.49% for SAFT 2a and 3.38% in SAFT 2b.
The remaining tokens will be distributed among four development teams. Multiple vesting schedules are in place, depending on the purpose and destination of the tokens.
How Is the Orchid Network Secured?
OXT is an ERC-20 standard token on Ethereum, and security risks revolve mainly around an attacker’s ability to harvest user data from Orchid itself.
Given that very little information is contained in the platform’s smart contracts used for payments, the weak links in the chain mostly lie with the user. As developers note, involving third parties in token purchases to use Orchid – for example, major exchanges – could ultimately lead to an attacker learning a user’s identity by tracing transactions to their exchange wallet.
Where Can You Buy Orchid (OXT)?
OXT is freely tradeable on major exchanges such as Binance, Kraken and Coinbase Pro, with cryptocurrency, stablecoin and fiat pairs available.