Orchid Price (OXT)

Currency:
OXT to KWD:
1 Orchid equals ك.د 0.037671 KWD+0.36%1D
Page last updated: 2024-12-15 15:47 (UTC+0)
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Note: This information is for reference only.

Price of OXT today

The live price of Orchid is ك.د 0.037671 per (OXT / KWD) with a current market cap of ك.د 36.91M KWD. 24-hour trading volume is ك.د 1.85M KWD. OXT to KWD price is updated in real-time. Orchid is +0.36% in the last 24 hours with a circulating supply of 979.78M.
OXT Price History KWD
Date ComparisonAmount Change% Change
Todayك.د 0.000134+0.36%
30 Daysك.د 0.017105+83.17%
60 Daysك.د 0.0152+67.64%
90 Daysك.د 0.016654+79.24%

OXT Market Information

24h Low & High
Low: ك.د 0.035328
High: ك.د 0.037857
The highest and lowest price paid for this asset in 24 hours.
All Time High
ك.د 0.313396
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
-0.04%
The percentage change in price for this asset compared to 1 hour ago.
Price Change (24h)
+0.36%
The percentage change in price for this asset compared to 24 hours ago.
Price Change (7d)
-9.55%
The percentage change in price for this asset compared to 7 days ago.

OXT Market Information

Popularity
#457
Popularity is based on the relative market cap of assets.
Market Cap
ك.د 36.91M
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
ك.د 1.85M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
979.78M
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
--
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
ك.د 37.67M
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Issue Date
2019-12-16

What Can You Do With Orchid (OXT)?

Explore how to use your cryptocurrencies with Binance.

About Orchid (OXT)

Orchid is a decentralized, market-based system running on the Ethereum blockchain for anonymous communication and virtual private networking. This includes a bandwidth marketplace where node providers stake cryptocurrency to advertise their services and receive payment in Orchid's native cryptocurrency - $OXT. The current price of OXT is live-tracked on Binance.

The Orchid network lets users purchase bandwidth from a vast pool of service providers via a decentralized VPN. Orchid users can connect directly to bandwidth sellers via a decentralized provider directory and pay with cryptocurrency.

Orchid reportedly maintains user privacy on a public blockchain by using one of its features, the Orchid hop. Orchid hops are continuous nano payments to providers for the connection duration. The nano payment architecture locks user funds into a smart contract and rarely makes on-chain payments to providers. Orchid reports that only occasionally do OXT payments end up being posted on the public Ethereum blockchain. When this occurs, the Ethereum blockchain stores the user's Ethereum address, the provider's Ethereum Orchid-only address, and a timestamp. 

To advertise their services to clients, Orchid providers stake OXT in an Ethereum smart contract, which is the directory. Orchid clients then choose providers at random, weighted by proportional stake, so that the likelihood of selecting a specific provider is equal to their proportion of the total stake.

Any OXT holder can stake on a provider of their choice's address, allowing for "delegated staking." Staking on someone else's behalf does not provide any automatic concessions to the OXT holder. Still, Orchid purportedly allows the staking mechanism to be combined with a revenue-sharing contract between the staker and the stakee.

People Also Ask: Other Questions About Orchid

  1. What is OXT Used For?

    OXT is the primary payment form on the Orchid network, allowing users to pay in OXT for their bandwidth services. Additionally, service providers can stake OXT to advertise their services on the platform.

  2. Who is the Founder of Orchid?

    Orchid was co-founded in 2019 by CEO Dr. Steven Waterhouse, Brian J. Fox, Jay Freeman, and Gustav Simonsson. Waterhouse also co-founded Pantera Capital, while Simonsson was a core developer of Ethereum at its launch in 2015.

  3. What is the Maximum Token Supply of OXT?

    Orchid has a total supply of 1 billion OXT, with 962,629,339 OXT in circulation at the time of writing. The current Orchid price is available on Binance.

  4. What Makes Orchid Different From Others?

    Orchid purportedly provides users with the ability to privately purchase bandwidth services directly from a service provider using continuous nano payments to maintain privacy.

  5. How To Buy Orchid (OXT)?

    Orchid (OXT) can be purchased directly from Binance. Orchid (OXT) can also be traded for other cryptocurrencies on Binance. Live OXT price is updated in real-time on Binance. Additionally, Orchid coin price and purchase information is available for users to read on our How To Buy Orchid (OXT) guide.

OXT to Local Currency

FiatPriceOperation
1 OXT to TRY$ 0.12215
1 OXT to RUB$ 0.12215
1 OXT to EUR$ 0.12215
1 OXT to AED$ 0.12215
1 OXT to AUD$ 0.12215
1 OXT to BRL$ 0.12215
1 OXT to VND$ 0.12215
1 OXT to IDR$ 0.12215
Last updated 2024/12/15 03:47 (UTC)

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