CoinDesk 20 Update: OXT Is In, BAT Is Out
The CoinDesk 20 has made its first change since launching in July: Orchid (OXT) has replaced the Basic Attention Token (BAT).
24H Price
Orchid (OXT), an Ethereum (ERC-20) compliant token, is used to pay for services on the Orchid network, a decentralized, peer-to-peer marketplace for virtual private network (VPN) providers. Orchid users purchase bandwidth with OXT and node providers receive OXT as rewards for supplying bandwidth. Anyone can become a node or bandwidth provider by staking OXT. Nodes are then randomly selected based on the amount of OXT they have staked and by user-selected parameters such as price and location. Orchid gives users control of their privacy by restricting a website from seeing their IP address and physical location. The total supply of OXT tokens is fixed at 1 billion (minus any that may be burned). However, the circulating supply of OXT is difficult to estimate at any given time as tokens are released into the market at frequent intervals but in irregular amounts. CoinDesk also provides a suite of institutional-grade price indexes. Find out more about them here.
The CoinDesk 20 has made its first change since launching in July: Orchid (OXT) has replaced the Basic Attention Token (BAT).
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CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.
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