Did you miss this coin with a $10 million market cap listed on Coinbase in December of last year? I did. Just recently realized how tiny this company is that Coinbase gave a chance before a Bittrex or Binance listing. Looks like a ridiculous opportunity considering every coin, aside from stablecoins, on Coinbase are listed on Bittrex and Binance. I'm banking on a couple of listings coming soon that will lead to huge gains for this coin. If you haven't figured it out yet, I'm talking about Orchid's coin, OXT (https://www.orchid.com).
The Orchid network enables a decentralized virtual private network (VPN), allowing users to buy bandwidth from a global pool of service providers. To do this, Orchid uses a new digital currency called OXT, a new VPN protocol for incentivized bandwidth proxying, and smart-contracts with algorithmic advertising and payment functions. Orchid's users connect to bandwidth sellers using a provider directory, and they pay using probabilistic nanopayments so Ethereum transaction fees on packets are acceptably low.
OXT has a market cap of $10 million, trading around $0.15 right now, down from just under $0.30 before the recent dip and a circulating supply of only 65.8 million. I believe it has a huge advantage in the VPN race because of the fact that its pay per use, which I expect in the long run will be a huge edge for crypto companies that utilize this advantage that cryptocurrencies give, making it easy to provide products pay per use without subscriptions.
If you want to learn more about OXT, Coinbase earn is a great place to start (https://coinbase.com/earn/oxt/invite/x0bswm5q.)
What do you think? Why did Coinbase take a chance on such a low cap coin?
