Article • almost 5 years ago
Orchid Token (OXT) is Here: Empowering Users with a Decentralized VPN Network
Summary
- The Orchid app is now fully live on both Linux and Android, offering users a decentralized VPN service and networking tool.
- Orchid token (OXT) can be used to pay for accessing VPN services on the Orchid network, which is made up of a peer-to-peer network of providers.
- Orchid believes that open source software and communities will contribute to the growth and robustness of the Privacy Network.
- The creation of one billion OXT tokens powers the Orchid Network and supports the participation of distributed nodes and user base.
- In 2017, Orchid Labs conducted a token rights sale and raised $4.9 million from renowned firms to develop the decentralized VPN network.
- Another token rights sale in Q2 2018 raised $43 million to support the technical, product, and marketing aspects of the project.
- Orchid appreciates the support from its community and aims to empower users by providing an accessible and private Internet through Web3 and a decentralized system.
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