February 4, 2023

Coinbase Pro will add Orchid support

On Friday, December 13, the Coinbase Pro cryptocurrency exchange will open the possibility of deposits in Orchid tokens (OXT). After ensuring sufficient liquidity, trading in the OXT / USD pair will begin.

Orchid Labs Blockchain Startup Developsdecentralized alternative to VPN. Developers have created software that connects simple Internet users to a global pool of bandwidth providers. These providers can do OXT staking and share excessive bandwidth as network nodes.

The list of nodes is stored in a smart contract on Ethereum, and payment for bandwidth is made in OXT tokens (ERC-20 standard).

To use a decentralized VPN, you need to download the Orchid app and a Web3-enabled wallet (Coinbase Wallet, Trust Wallet, Metamask).

Recall, Orchid Labs raised $ 43 million from investors such as Andreessen Horowitz, Blockchain Capital, Polychain Capital and Sequoia.