Orchid

Purpose and Utility

Orchid (OXT) is a cryptocurrency that powers a decentralized virtual private network (VPN) protocol. The OXT token is used to purchase bandwidth from VPN providers within the Orchid network, creating a decentralized marketplace for VPN services. Users can buy bandwidth from providers using OXT tokens through a unique probabilistic nanopayment system.

Business Model Analysis

The business model is straightforward and transparent: OXT tokens serve as the payment mechanism for VPN services within the Orchid ecosystem. This aligns with halal principles as it involves a clear exchange of value - users pay for actual VPN services. The protocol doesn't involve any interest-bearing mechanisms or prohibited activities.

Real-World Adoption

The Orchid VPN app is available on major platforms including iOS, Android, and desktop operating systems. While exact usage metrics are not public, the protocol has established partnerships with major VPN providers and continues to maintain active development.

Platform Development

The project maintains active development on GitHub, with regular updates to both the protocol and client applications. The team continues to implement improvements to the nanopayment system and overall user experience.

Token Distribution

The initial token distribution allocated 55% to investors and team members, with vesting periods implemented to prevent immediate selling. The remaining tokens were distributed through various public sales and ecosystem funding.