1. Project Introduction
Orchid is building a decentralized VPN (dVPN) marketplace that allows users to purchase bandwidth from global providers in a peer-to-peer network. It aims to provide next-generation privacy and internet freedom tools by removing centralized control, incentivizing bandwidth contributors, and utilizing blockchain-based payment systems. Orchid uses the Ethereum blockchain and the OXT token for payments, operating through a staking-based system where bandwidth providers stake OXT to participate and earn from providing services.
2. Team & Investment Info
Steve Waterhouse: Co-founder and CEO of Orchid Labs; also founder & CEO of Nazare Ventures. Previously a partner at Fabric Ventures and Pantera Capital, and board member at Bitstamp.
Jay Freeman: Creator of Cydia, the alternative App Store for jailbroken iOS devices with over 30 million users.
Funding:
Oct 2017: Raised $4.7M in a seed round led by Sequoia, with participation from Andreessen Horowitz, Compound, DF, MetaStable, Blockchain Capital, Polychain, and others.
Apr 2018: Secured $36M in an institutional round led again by Sequoia.
May 2019: Raised $7M from institutional investors.
3. Social Media URLs
X: https://x.com/OrchidProtocol
Discord: https://discord.com/invite/GDbxmjxX9F
Facebook: https://www.facebook.com/OrchidProtocol
GitHub: https://github.com/OrchidTechnologies
4. Token Info
Token Symbol: OXT
Total Supply: 1,000,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: https://etherscan.io/token/0x4575f41308EC1483f3d399aa9a2826d74Da13Deb
Token Distribution:
2017 SAFT Investors: 16%
2018 SAFT Investors: 9%
Orchid Labs: 45%
Founders: 18%
Team & Advisors: 12%
5. Related Links
Official Website: https://www.orchid.com/
White Paper: https://docs.orchid.com/en/latest/
LinkedIn: https://www.linkedin.com/company/orchid-labs/
Other Info: https://www.rootdata.com/Projects/detail/Orchid%20Protocol?k=MTc0