Orchid Labs was founded in 2017, and they launched the Orchid token (OXT) in 2019. The Orchid token is built on the Ethereum blockchain. The project aims to provide users with a virtual private network (VPN) service, with Orchid token (OXT) being used for payment. Orchid describes itself as "the world's first incentivized, peer-to-peer privacy network." The symbol for Orchid is OXT.
Orchid (OXT) is a software aimed at changing the existing IP (Internet Protocol) address of a computer through a VPN, making its use intriguing. VPNs (virtual private networks), widely used to manage web traffic, allow users to hide details about their browsing and data transfers by altering how their data moves on the internet.

Orchid was brought to life by Orchid Labs in 2017 by Stephen Bell, Jay Freeman, Gustav Simonsson, Brian J. Fox, and Steven Waterhouse. Looking at the founders' backgrounds, we see they have experience in open-source software, technology management, blockchain investment, application package management, and security. The Orchid token aims to combine all these experiences.
Among the project's founders, Steven Waterhouse is known for founding Pantera Capital, a crypto-focused venture capital firm known for its investments in cryptocurrencies. Jay Freeman created Cydia, an alternative to the Apple App Store for Apple devices. Brian Fox created the first interactive online banking system for the American bank Wells Fargo, and Gustav Simonsson was one of the principal security developers for the Ethereum network when it launched in 2015.

The Orchid platform involves a two-sided trade between bandwidth users and bandwidth sellers. Those wishing to use bandwidth can connect to the VPN by paying with OXT tokens. In return, sellers earn OXT tokens.
From the users' perspective, especially those wanting to bypass local networks, it can be beneficial but VPNs can still pose a security risk to users. Users must trust VPN providers not to steal their data, access it inappropriately, compromise it, or monetize it. Orchid offers a solution by decentralizing the operation of the virtual private network (VPN) through a network of users on the Ethereum Blockchain. More specifically, it aims to develop an application designed to prevent users from leaving data behind while browsing apps and websites. To achieve this, Orchid connects users needing bandwidth with sellers wanting to sell bandwidth. The Orchid's OXT cryptocurrency is used to facilitate payments between these buyers and sellers. This peer-to-peer connection is then encrypted and sent through the seller's internet servers. This means the user cannot track their own internet usage activities. Users' information is more hidden from third parties.

Orchid's goal is to enable users to buy bandwidth (bandwidth) from any participant provider and make payment over the OXT token, removing internet access barriers. Also being a blockchain-based, peer-to-peer VPN service and the network's decentralized structure allows users to protect their security and privacy while surfing the internet.

Orchid (OXT) is the currency in which services are priced on the Orchid platform. That is, when users activate their services within the application, they need to exchange it. To access Orchid's services and connect to the internet securely via a virtual private network (VPN), users must hold the Orchid token in a wallet. The application automatically deducts payments as bandwidth is consumed. For users wanting to sell bandwidth, these transactions are also necessary. To take advantage of bandwidth offers and compete, users need to lock their OXT in special contracts called "staking". The Orchid customer weights sellers by the amount of OXT they have locked (staked). This means the more OXT a user holds in their account, the higher their chances of being selected to provide bandwidth to users and earn OXT. Orchid (OXT) differs from the traditional staking model. Buyers only pay sellers for providing bandwidth.

The Orchid platform can be appealing for individuals wanting to take control of their digital data, securely keep their information, and distance it from third parties. Investors believing in a decentralized, private future of the internet may consider purchasing OXT to add to their portfolios.

OXT has a supply of 1,000,000,000 (1 billion) tokens, and the circulating supply is 591,544,728 (591 million) tokens. Looking at Orchid's market value, we can say it's around 4 billion TL.

After investing in OXT, you need a secure place to store your OXT tokens in your basket safely. Keeping your OXTs in a wallet is always the safest. Since Orchid is a token on the Ethereum blockchain, users holding OXT can store them in an Ethereum wallet. Mobile apps and web wallets can facilitate transactions, but wallets are the most suitable for secure and long-term storage.