Hi sir, what is product of orchid ? And does

Orchid (OXT) is an open source overlay network that provides private internet access. The first product was the Orchid VPN app, a tool that connected users to a market of service providers putting their excess bandwidth up for sale.

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19.02.2022

Nem Hoàng | S.O.S Trading | Автор вопроса

Phạm Quang Dũng
Orchid (OXT) is an open source overlay network tha...

So if there is no orchid application user, and the token will not be used. So how to increase the value of the token if we don't want oxt to be a stablecoin.

0

19.02.2022

Phạm Quang Dũng

Nem Hoàng | S.O.S Trading |
So if there is no orchid application user, and the...

It will not happen OXT’s primary purpose is to provide a staking-advertising mechanism that aligns operator incentives to the benefit of the Orchid network and mitigates certain risks. The OXT digital currency provides value in the Orchid network in a number of ways: -A Bandwidth Provider - Anyone can operate an Orchid Node, but must first stake OXT, with the more OXT that is staked, the greater the chances of reward in the Network. -A Bandwidth User - For the first time, users can pay-on-the-fly for a private, secure internet connection using nanopayments. Users add OXT or any of the supported cryptocurrencies to their Orchid account which is then used to pay providers for service while the VPN is connected. The bandwidth marketplace is peer-to-peer and run in a completely decentralized manner without reliance on any central party. The primary reasons for this new digital currency OXT are: -To have a digital currency that is specifically tied to consumption of bandwidth on the Orchid network -To align operator incentives towards the benefit of the Orchid Network. Accordingly, in addition to facilitating bandwidth transactions on the Network, the Orchid digital currency is used to prove a stake within the Orchid network that demonstrates a commitment by bandwidth providers, as well as to mitigate certain risks.

0

19.02.2022

Nem Hoàng | S.O.S Trading | Автор вопроса

Phạm Quang Dũng
It will not happen OXT’s primary purpose is to pro...

you don't understand what i mean, i know oxt helps to grow orchid's network. But if with competition from other platforms about VNP, how can orchid attract users to use its network? if no one uses the network, then the oxt token will be useless

0

19.02.2022

Phạm Quang Dũng

Nem Hoàng | S.O.S Trading |
you don't understand what i mean, i know oxt helps...

I get it bro , that's why I said it won't happen A new GUI was released for the VPN client app. There are always lots of improvements happening under the hood, work continues on a Windows client, and marketing is working on attracting more users so that we can add more nodes as well. And OXT is also used for staking by service providers who want to sell their bandwidth on the network, and by users creating custom accounts on Ethereum to pay for using the service. #benefits

0

19.02.2022

Phạm Quang Dũng · Accepted Answer

At Orchid, we're using blockchain technology to create a decentralized virtual private network, a product that is already working and can be used on billion smartphones at the moment, and on millions of computers. A real product for real people who are struggling with real issues, i.e. online censorship Right now Orchid is laser focused on building out its product. For example, releasing the desktop clients to their respective distribution channels (e.g. App Store, Marketplace, etc.), and ensuring the node software is stable and streamlined. The macOS, iOS and Android apps are available to the public, and we will continue to offer updates and new software as they are ready for release.

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Hi sir, what is product of orchid ? And does

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