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CryptoBuy OXT

Buy Orchid

OXT

What is Orchid (OXT)?

Orchid (OXT) was launched in December 2019 as the first peer-to-peer network for matching incentivised VPN-like service providers with online-privacy-seeking users.

A San Francisco-based “new internet” startup, Orchid Labs has built a surveillance-free layer atop the internet, a sort of ring-fenced liberty zone that's decentralised, scalable and sustainable. This one-fell-swoop dynamic gets achieved via an optimally aligned bandwidth marketplace where node providers, staking tokens, relay their VPN services over the Ethereum blockchain, matching supply with demand, as needed, users’ paying as they go. 

The network features components designed to work together: the Orchid app, the Orchid VPN client that runs in the app, and the Orchid digital currency, OXT, together abetting an integrated, anonymously experienced internet. Orchid recently added a Chainlink “Oracle” (think of it as an animated, talking switchboard) that can sample providers’ bandwidth pricing across the network.

Among Orchid’s five founders are an eclectic mix of venture capitalists and digital developers with ties to big banks.

What is the price of OXT? 

The OXT price has ranged between about $0.10 and about $0.80 since the start of 2020. As of late October 2020 OXT was around $0.25 cents.

The total supply of OXT tokens, underpinning the decentralized VPN-like service package, is fixed at 1 billion. Because at any given time some get burned out of existence, and with tokens frequently circulating into the market in irregular amounts, the supply of OXT often is hard to gauge.

Some forecasts have the OXT price level increasing steadily in the next five years but fintech trends are changing rapidly. Indeed, there's an overall demand for privacy services as more people are working at home.

How to buy OXT

With Uphold, you can set up an account, verify your identity and buy crypto with ease.

Here is how:

1. Go to Uphold.com and click ‘Sign up’

2. Enter your email address, phone number and your personal details

3. Tell us how you plan to use Uphold and provide some basic financial information (e.g., employment status and source of funds)

4. Verify your identity by providing an ID document and taking a ‘selfie’

… and you’re off to the races!

Just start trading.

Open an Uphold account

You should be aware that the risk of loss in trading or holding cryptoassets can be very high. As with any asset, the value of cryptoassets can go up or down and there can be a substantial risk that you lose all your money buying, selling, holding or investing in cryptoassets. Our cryptoasset services are not within the scope of the UK Financial Ombudsman Service and your cryptoassets are not subject to protection under the UK Financial Services Compensation Scheme. You should carefully consider whether trading or holding cryptoassets is suitable for you in light of your financial condition.

Uphold Europe Limited (FRN: 900577) is registered under the Financial Conduct Authority’s Temporary Registration Regime for cryptoasset firms and complies with the Money Laundering, Terrorist Financing and Transfer for Funds (Information on the Payer) Regulations 2017 as amended. The purchase, sale and custody of cryptoassets is regulated by the FCA for anti-money laundering purposes but this does not indicate any approval by the FCA of Uphold’s cryptoasset activities. Uphold Europe Limited is also an EMD agent of Optimus Cards UK Limited which is authorised and regulated by the Financial Conduct Authority to issue e-money (FRN: 902034) pursuant to the Electronic Money Regulations 2011. 

The e-money services are regulated by the Financial Conduct Authority. E-money is not a deposit or investment account which means that your e-money will not be protected by the Financial Services Compensation Scheme. User funds will be held in a designated safekeeping account with a regulated financial institution. E-money will not earn any interest. Additional Risk Warning in Uphold’s Terms & Conditions.

This content is correct as of September 2021

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