Orchid, a decentralized VPN service provider, announced on September 14 that its native token ‘OXT’, used on the Orchid platform, has been listed on Hong Kong-based major cryptocurrencies exchange KuCoin.
The announcement was made via a Twitter post and blog post issued by the companies. KuCoin has revealed supported trading pairs which include OXT/USDT, OXT/BTC, and OXT/ETH.
KuCoin has started offering to trade effectively from September 13 at 9:00 UTC and withdrawals will start from September 14 at 9:00 UTC.
Orchid is a cryptocurrency-powered virtual private network (VPN) whose token OXT is based on an ERC-20 standard token on Ethereum and functions as an economic incentive.
In a blog post published by the company, Orchid’s Co-Founder and CEO, Dr. Steven Waterhouse said:
“We’re excited to see OXT listed on a top-tier exchange like KuCoin. OXT is central to Orchid’s privacy solution, and its availability on KuCoin furthers our goal of making online privacy accessible to everyone, everywhere.”
Founded in 2017, KuCoin is a Hong Kong-based cryptocurrency exchange serving more than 8 million users worldwide on its platform.
The company suffered a massive hack of $280M in September 2020 where large amounts of cryptocurrencies such as Bitcoin, Ethereum, and XRP were illegally leaked. However, the exchange was later available to recover 84% of the funds in November 2020 via on-chain tracking, contract upgrade, judicial recovery, and other approaches.