What is the issuance amount of Orchid Protocol (OXT) coins?

Orchid Protocol's total issuance of 1 billion OXT coins ensures a stable value and minimizes inflation through its distribution, coin burn mechanism, and negligible inflation rate.

Dec 01, 2024 at 04:38 pm

Understanding the Issuance of Orchid Protocol (OXT) Coins

Orchid Protocol (OXT) is a decentralized privacy network that enables users to securely access the internet without the risk of censorship or surveillance. OXT tokens are the native cryptocurrency of the Orchid platform, used to facilitate transactions and incentivize network participants. This article delves into the specifics of the OXT coin issuance, providing a comprehensive overview of its key aspects.

1. Total Issuance Amount

The total issuance amount of Orchid Protocol (OXT) coins is 1,000,000,000. This fixed supply ensures that the value of OXT coins remains stable and inflation is minimized over time.

2. Distribution of OXT Coins

The initial distribution of OXT coins was conducted through a series of token sales, with a portion of the tokens allocated to the team, investors, and community members. The distribution breakdown is as follows:

Seed Sale: 2%
Private Sale: 23%
Public Sale: 55%
Team and Advisors: 10%
Community and Ecosystem: 10%

3. Coin Burn Mechanism

Orchid Protocol employs a coin burn mechanism to reduce the supply of OXT coins over time. A portion of the transaction fees collected on the network is used to buy back and burn OXT coins, effectively reducing the total supply and increasing the value of remaining coins.

4. Inflation Rate

Due to the limited issuance of OXT coins, the inflation rate is negligible. The coin burn mechanism further contributes to deflationary pressure, ensuring that the value of OXT coins remains stable or even appreciates over time.

5. Token Utility

OXT tokens are essential for the operation of the Orchid Protocol ecosystem:

Payment for Bandwidth: Users pay OXT tokens to bandwidth providers in exchange for access to private and secure internet connections.
Provider Incentives: Bandwidth providers earn OXT tokens for providing reliable and high-quality services to users.
Staking and Governance: OXT holders can stake their tokens to earn rewards and participate in the governance of the Orchid Protocol through voting on proposals.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

ALPHA

$0.0824

25.63%

Trade Now
QI

$0.0122

22.02%

Trade Now
MNT

$0.2725

21.34%

Trade Now
STPT

$0.0681

17.48%

Trade Now
AUDIO

$0.1123

11.07%

Trade Now
CFG

$0.2073

10.91%

Trade Now

Latest Crypto News

Buy RenrenBit: A Comprehensive Guide on How to Buy RRB h3>
2025-02-06 12:26:02
The 6 Best Cryptos to Buy Today: Meme Coins, Utility-Driven Tokens, and Community-Backed Projects
2025-02-06 12:26:02
This Crypto AI Is the Next Big Thing After Dogecoin and XRP
2025-02-06 12:26:02
Pokemon Pocket: Special Condition ‘Confused,’ Explained
2025-02-06 12:26:02
10 Key Essentials to Keep Your Child’s Nursery Clean and Safe
2025-02-06 12:26:02
Standard Chartered Predicts Bitcoin (BTC) Could Surge to $500,000 by the End of 2028
2025-02-06 12:26:02

Related knowledge

When was Litecoin issued?

Feb 04,2025 at 02:36am

When was Litecoin Issued?Key Points:Litecoin's inception and developmentLitecoin's launch date and market dynamicsLitecoin's technical specifications and key featuresLitecoin's Inception and DevelopmentLitecoin, conceived by former Google engineer Charlie Lee, emerged as a fork of Bitcoin in October 2011. Inspired by Bitcoin's revolutionary blockchain t...

Which is better, Litecoin or Tron?

Feb 04,2025 at 10:30pm

Key Points:Similarities between Litecoin and Tron: Decentralized, open-source blockchain platformsDifferences between Litecoin and Tron: Use cases, consensus mechanisms, transaction speedsFactors to consider when choosing between Litecoin and Tron: Investment goals, risk tolerance, specific use casesPotential benefits and drawbacks of Litecoin and Tron:...

How to buy and trade Litecoin?

Feb 04,2025 at 12:24pm

Key Points:Understand the Basics of LitecoinSelect a Suitable Cryptocurrency ExchangeCreate an Account on the ExchangeFund Your AccountPlace a Buy Order for LitecoinSecurely Store Your LitecoinUnderstand Litecoin TradingHow to Buy Litecoin?1. Understand the Basics of LitecoinLitecoin (LTC) is a decentralized digital currency similar to Bitcoin.Created i...

Which has better potential, Litecoin or Ethereum?

Feb 04,2025 at 05:30pm

Key Points:Litecoin and Ethereum are two of the most popular cryptocurrencies in the world.Both coins have their own unique advantages and disadvantages.Litecoin is a faster and cheaper transaction coin than Ethereum.Ethereum is a more versatile platform than Litecoin, and it can be used to create decentralized applications (dApps).Litecoin has a long h...

What country is the founder of Litecoin from?

Feb 04,2025 at 05:55am

Key Points:Litecoin's Founder and the Relationship with Charles LeeLitecoin's Technical Features and Similarities to BitcoinLitecoin's Role in the Cryptocurrency Ecosystem and Its PopularityComparative Analysis of Litecoin with Major CryptocurrenciesLitecoin's Community Involvement and PartnershipsArticle Content:Litecoin's Founder and the Relationship ...

Which is better, Litecoin or Ripple?

Feb 04,2025 at 08:00pm

Key Points:Litecoin: a decentralized, peer-to-peer cryptocurrency based on the Proof-of-Work consensus mechanismRipple: a centralized, enterprise blockchain solution designed for fast and low-cost paymentsDirect comparison of Litecoin vs. Ripple in terms of technology, market capitalization, use cases, and transaction feesPotential benefits and drawback...