❇️(coinmarketcap data:
Rank #179 , kind:Token , On 40,590 watchlists
Market Cap:$258,439,377 , Fully Diluted Market Cap: $695,401,125
Volume24h:$75,198,388 , Circulating Supply: 367,584,352 OXT- Total Supply: 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, network incentives : 51.13% oxt (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.) )
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.
❇️ Cost to use Orchid VPN;
Orchid is uniquely designed to offer online privacy at a competitive cost. The design is intended to result in bandwidth being priced dynamically to meet the needs of both users and providers. This is done through a unique decentralized bandwidth marketplace, where numerous providers can compete to offer their services to users.
The price of bandwidth on Orchid is designed to fluctuate with the market, so there is no set "price" of bandwidth on the network. Bandwidth providers are free to set their own rates, and Orchid itself does not mandate pricing. Nonetheless, we expect prices to remain competitive with existing VPNs and privacy solutions.
❇️ Who Are the Founders of Orchid?
Orchid’s four co-founders come from the blockchain and financial spheres. They are Dr. Steven Waterhouse as CEO, Jay Freeman, Brian J. Fox and Gustav Simonsson.
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.
refrences: coinmarketcap - orchid.com
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✅TECHNICAL ANALYSIS
As you can see in the weekly time frame chart for OXT/USDT, the price is trading at around $0.7 .
Orchid has been able to form its cup pattern beautifully, and I think it is going to forming its own cup handle, so it can correct down to the support areas, and if the support breaks down, you can buy more confident in the lower support, but probably it'll do down to $ 0.5. then maybe it'll Come up to TPS of $ 1.32, $ 2, $ 3 and then finaly $ 4.5 , with my usual Stop-loss of about 30%. When the targets were hit respectively, You can manually move the stop-loss below them again( trailing stop-loss) .
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
Rank #179 , kind:Token , On 40,590 watchlists
Market Cap:$258,439,377 , Fully Diluted Market Cap: $695,401,125
Volume24h:$75,198,388 , Circulating Supply: 367,584,352 OXT- Total Supply: 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, network incentives : 51.13% oxt (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.) )
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.
❇️ Cost to use Orchid VPN;
Orchid is uniquely designed to offer online privacy at a competitive cost. The design is intended to result in bandwidth being priced dynamically to meet the needs of both users and providers. This is done through a unique decentralized bandwidth marketplace, where numerous providers can compete to offer their services to users.
The price of bandwidth on Orchid is designed to fluctuate with the market, so there is no set "price" of bandwidth on the network. Bandwidth providers are free to set their own rates, and Orchid itself does not mandate pricing. Nonetheless, we expect prices to remain competitive with existing VPNs and privacy solutions.
❇️ Who Are the Founders of Orchid?
Orchid’s four co-founders come from the blockchain and financial spheres. They are Dr. Steven Waterhouse as CEO, Jay Freeman, Brian J. Fox and Gustav Simonsson.
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.
refrences: coinmarketcap - orchid.com
-------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
As you can see in the weekly time frame chart for OXT/USDT, the price is trading at around $0.7 .
Orchid has been able to form its cup pattern beautifully, and I think it is going to forming its own cup handle, so it can correct down to the support areas, and if the support breaks down, you can buy more confident in the lower support, but probably it'll do down to $ 0.5. then maybe it'll Come up to TPS of $ 1.32, $ 2, $ 3 and then finaly $ 4.5 , with my usual Stop-loss of about 30%. When the targets were hit respectively, You can manually move the stop-loss below them again( trailing stop-loss) .
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
