Orchid
Crypto Overview
Overview
Orchid Protocol is a decentralized VPN service and privacy network built on Ethereum. The OXT token serves as the native currency for purchasing bandwidth from Orchid network providers.
Intended Utility
The primary purpose of OXT is to facilitate payments between users seeking VPN services and providers offering bandwidth on the Orchid network. Providers stake OXT tokens to advertise their services, while users purchase bandwidth using OXT.
Business Model Analysis
The business model is transparent and serves a legitimate purpose: providing privacy-focused internet access. The service does not involve any inherently prohibited activities and operates through clear smart contracts.
Actual Utility & Adoption
The Orchid app is actively used for VPN services, with multiple providers operating on the network. On-chain data shows consistent activity in bandwidth purchases and provider staking. The project maintains regular development updates and has established partnerships with major VPN providers.
Token Distribution & Governance
Initial token distribution allocated 55% to investors and team members, with structured vesting periods extending over four years. The remaining 45% was designated for network incentives and development. Current data shows a relatively well-distributed token supply among users and providers.
Development vs Marketing
The project demonstrates a strong focus on technical development, with regular GitHub updates and protocol improvements. Marketing efforts appear proportional to development activities, without excessive speculation-driven promotion.
Founder Background
The team includes experienced developers and entrepreneurs with verifiable track records in cybersecurity and blockchain technology. No concerning historical patterns or ethical issues have been identified.
Crypto Impact
To assign a comfort level investing in Orchid from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Orchid.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.