November 21, 2019 Decentralized VPN Orchid to launch in early December, releases updated whitepaper.

Orchid incentivizes nodes to provide secure bandwidth to users through a tokenized marketplace. The Ethereum-based Orchid token will function as the exclusive payment token for the Orchid Network’s bandwidth marketplace; exit and relay nodes will also be required to stake OXT in order to be discoverable on the network. Orchid has raised over $40m to date in a series of private SAFT funding rounds since 2017, and is backed by a variety of funds including Polychain, Andreessen, and Sequoia.

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