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Orchid Protocol is a surveillance-free layer on top of the internet that enables secure and anonymous communication. This protocol is being developed as an open-source project by Orchid Labs.
There will be no public sale, only private sale. According to SEC, this funding round that already raised US$ 36.7 MM is expected to reach the total amount of US$ 125 MM in private sale. Max token supply - 1B OCT, with 200M OCT are being sold on private sale (20%). Token price is between 0.5 and 0.7 US$, depending on a lock up period from 12 to 18 months.
This project is very interesting and useful but there is a lot of closed information, since they do not commit an ICO but a private sale. However with such a great project, team and VC’s Orchid Protocol has high return potential.
The team seems to be very professional, with experience in Venture Capital in China, investment in Crypto projects, open-source projects and developing one of the biggest Blockchain Platforms, Ethereum.
The project is supported by such fund as: Sequoia Capital, Andreessen Horowitz, Polychain Capital, Pantera Capital and etc.
Current alternatives to internet access are: unprotected access, Tor and VPN. But all of them are not really secure and anonymous, VPN is also expensive. Moreover,
Orchid can take a portion of the huge VPN Market (US$ 18 Billions in 2017). It is a market that has good perspectives of growth (CAGR 2017–2022 = 15%) due to growing concerns about privacy and censorship. Using a decentralized network and relayers, Orchid could provide safer access to the internet than VPNs.
There are several blockchain projects that are creating alike project, however they are much more transparent. Some of them has already launched Beta or Testnet.
The Token will be used as a mean of payment in Orchid Market. Since users need to pay whenever they use the internet, the token usage is expected to be frequent.