From the forums… Due to the difficulties with adoption, and the very early stage of this project, I’m sitting this one out.
The Orchid Protocol is a soon-to-be-launched ICO (Initial Coin Offering) by startup Orchid Labs Inc. It is an open-source project designed to end surveillance and censorship on the Internet. In essence, Orchid Labs intends to launch a fully-distributed, anonymous bandwidth market. Today, 76% of the world lives with restricted or censored access to the Internet, or has no Internet access at all. With their offering, the Orchid Labs team intends to provide people with the ability to freely communicate and access information. The Orchid token is expected to be launched in early 2018, according to the company’s website. In a rush? Check out the numbers and quick facts in 30 seconds. Funding: Simple Agreement for Future Tokens, mostly VC funding. No public ICO so far. Accredited Investors can invest by getting in touch using this email address: [email protected] Token: OCT, an ERC-20 utility token built on the ETH Blockchain. In a nutshell: A peer-to-peer tokenized bandwidth exchange for a censorship-free Internet. In many countries around the world, freedom of speech and that of the press are constitutional rights, often written in the blood and sweet of militants and activists. To quote the great Thomas Jefferson, it’s this fundamental right that goes hand in hand with the right to life, liberty and the pursuit of happiness. As times evolved, many barriers are jeopardizing our freedom of speech. Mostly in a digital area where we are more likely to express ourselves on social media, rather than public squares. The battlefield is nothing else but the Internet. Citing morality, religious beliefs, and national security, many countries passed laws and bills to take control over the Internet. It’s indeed a polarizing subject, but the fact is, the efficiency of the “carrots and sticks” philosophy has proven worthless on many levels. Let alone the Internet where frontiers disappear, and the online community is closer than ever to unity. This is the story behind the Orchid Protocol, an ambitious project with a great promise: it’s time to end Internet censorship. The Orchid Protocol is an open-source project that aims to end Internet surveillance and censorship through Blockchain technology. The Company establishes a peer-to-peer tokenized bandwidth exchange, using an overlaying Network built upon the Internet itself. It also puts forth an incentive program for people to run relay and exit nodes allowing for anonymous browsing, hence ending censorship and access restriction. The Network security is highly emphasized in the Whitepaper. Those verified peers create the Orchid market and can, therefore, use their OCT tokens to either buy or sell bandwidth. The bandwidth price will be agreed upon between buyers and sellers and settled on the Orchid market. It will be displayed as a per package price where sellers have various options of personalizing their offer. Together with leveraging Blockchain technology and additional security features, they create an entirely decentralized and anonymous system that can settle payments. To understand the Project’s approach to internet browsing, one should first be familiar with the way internet works. Current internet traffic is routed through central servers, through ISP or VPN. Quickly put, bandwidth contributors are essentially providing access to consumers by selling their bandwidth. Anyone with a computer at home can provide access to the internet in an anonymous and encrypted format. In return, they will receive Orchid tokens paid to them by the bandwidth consumers. In order to make this work, different participants are needed: An interesting feature available to bandwidth contributors is building whitelists and blacklists. Whitelists allow bandwidth sellers to specify on their exit nodes which kind of online content they are willing to run traffic to. Moreover, proxy routers can freely prevent access to specific sites or limit access to particular sites. Bandwidth consumers will also have the option to build lists to prevent or warn about access to particular websites. Even though this can be seen as a sort of censorship, the company obviously preferred to hold the open-source community responsible for it, rather than establish the censorship themselves. The Company started raising seed capital since March 2017 and has so far raised $4.7 M in the form of SAFT (Simple Agreement for Future Tokens). Big VC companies like Sequoia, Andreessen Horowitz, PolyChain Capital, and Blockchain Capital are among their impressive list of early investors. No public ICO is scheduled. Consequently, the only way to invest will be through joining the private sale, which is only open to accredited investors. OCT is a Utility token, that will be used for payments within the Orchid Network.
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- Medallion creation must be easy for a non-malicious node to create.
- Medallions must be easy to verify.
- Medallions must be difficult to create in bulk.
A total fixed Supply of 1 Billion ERC-20 tokens, the “OCT tokens” is created by the Company.
The initial price of an OCT token is set to 0.5$ and 0.7$, depending on the vesting schedule, which can be either one year or 18 months. While no information about the team is disclosed on the website, the project’s team is an obvious advantage. The co-founders are highly accomplished individuals in their respective areas of expertise with a proven track record in entrepreneurship, tech, and Blockchain. CEO Stephen Bell is the founder of Trilogy VC China (now Opus Logica), a startup accelerator that has been active in the Asia Pacific region for a decade. As a matter of fact, having the biggest VC companies in the Bay area lined up for only SAFT agreements is rather telling. However, the Orchid protocol team will have to be prepared for massive censorship of their software if not backed by regulators. Counting solely on word of mouth is an ineffective marketing approach for a project of this size. We might argue that it’s still in the ideation phase, but wide acceptance is paramount in these kinds of projects. And here we are longing for a version to try out, with hope in one hand and a too-good-to-be-true in the other. Featured Image from Shutterstock. is a leading independent blockchain news outlet that maintains the highest possible professional and ethical journalistic standards. Journalists are required to meet our and guidelines. Get Weekly ICO Updates Sign up for our newsletter and receive insider ICO news Orchid is building a new decentralized Internet. Orchid is 100% open-source, patent-free and built around open R&D in collaboration with the growing decentralized community. ICOreviewPRO is a website that examines the world of coin platforms, providing the users with all the information they need on this subject. If you’re not familiar with how these types of businesses work, the idea is that new crypto currency coins, which are then exchanged into a local currency. The platform uses the coins to achieve profits, while the user receives a monthly interest in return. To know about more upcoming ICO. Check our home page database. Source: Orchid Labs The Orchid protocol is an open-source network intended to end internet surveillance and censorship, while protecting users’ personal data from being harvested by ISPs or other entities. Early in 2018, the blockchain-based Orchid network beta will launch to the public, enabling people across the world to freely communicate, collaborate, and access information. According to Freedom House, two-thirds of all internet users live in countries where censorship and surveillance limit their ability to access information and communicate. For these individuals, a click or a share can mean imprisonment, or worse. And wherever you live, ISPs and VPNs are profiting from the sale of users’ most sensitive and private information. The Orchid protocol is their contribution to this movement for internet freedom—meaning internet that can’t be controlled by corporations or governments and is open and accessible to all. The co-founders share more of their vision and the mission behind the open source technology project that contributes to this cause in the statement they published today. Founding Team and Leadership The Orchid founders, an established group of technologists, entrepreneurs, and blockchain experts, have been working in stealth since early 2017 to bring the technology to life. Collectively, the team has extensive expertise in security, networking, blockchain, and open-source software. An Internet with Encrypted, Decentralized Architecture, Incentivized on the Blockchain Orchid is building a new, surveillance-free layer on top of the internet. Users that want to access surveillance-free internet pay the bandwidth contributors in Orchid tokens in a free-market ecosystem. Advisors and Investors To help provide counsel, Orchid Labs has enlisted a team of advisors with experience in cryptography and mission-driven projects. To learn more about Orchid Labs, read their whitepaper, or sign up for more information, visit orchidprotocol.com. About Orchid Labs Inc. Orchid Labs Inc. is an open-source project committed to ending surveillance and censorship on the internet. The Orchid protocol uses an overlay network built upon the existing internet, which is driven by a peer-to-peer tokenized bandwidth exchange, creating a more inclusive, liberated internet. Orchid Labs was founded in 2017 by Stephen Bell, Brian J. Fox, Gustav Simonsson, Dr. Steven Waterhouse, and Jay Freeman. Orchid Labs is headquartered in San Francisco, California. ORC Token type: ERC20 ICO Token Price: 1 ORC = 0.0200 USD (0.00002 ETH) Fundraising Goal: (40,000 ETH) Total Tokens: That is why they have created their platform which is essentially a token-based bandwidth exchange that is designed to protect the privacy of internet users around the world. They point out that 75% of the global population have their internet restricted or censored in some way, while ISPs are allowed to mine and sell their data.
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- To prevent trivial entry into the market resulting in attacks.
- To prevent attackers from choosing their location in the market.
Though there is currently no roadmap provided by the ICO, it does provide some information regarding their plans in the future and how long they have been developing the platform.
The date of a public sale has not yet been announced. Orchid allows users to create nodes that rent out bandwidth and provide anonymized internet access to those that require it. Those that seem the anonymized internet access can pay for using tokens. The traffic is relayed through multiple nodes before being released through a proxy. As a result, it is unable to be monitored by any central authorities and therefore cannot be mined. The website does not offer practically any specific features regarding Orchid Protocol, but the potential benefits are clear. As far as benefits for the average internet user, it could help to empower them to control their reputation and how they use the internet. Research has shown that a vast majority of citizens support Net Neutrality and if something like Orchid Protocol is adopted it can help to ensure its survival. At this point a public token sale has not been announced and there are no plans for a whitelist that have been offered up either. The tokens will be referred to as ORC and they will be distributed as ERC20. The total amount of tokens being created is 3,000,000,000, but it is unclear how many – if any – will be made available for a public sale. The fundraising goal for the ICO is set at $47.1 million which is equivalent to 40,000 ETH. ETH will be the only currency accepted as part of the sale. Because there are not many details available yet regarding the sale, there have been no announcement regarding bonuses or minimum and maximum contributions. 1 ORC is equivalent to No details have been released regarding the allocation of the tokens that are created or how the funds it raises are going to be distributed. Orchid Protocol was founded by five people. Stephen Bell has started countries around the world, including the US, Europe, and China. While in China he founded Trilogy VC China which has been backing seed stage startups for over ten years. Fox is described as an open source advocate and the first employee of the Free Software Foundation. Jay Freeman is a software engineer who developed the software distribution platform Cydia which is commonly used on jailbroken iOS devices. Gustav Simonsson has worked as an engineer and developer and helped to launch Ethereum in 2015. Finally, Dr. Steve Waterhouse is primarily an entrepreneur and investor, and has served as a Partner at Pantera Capital while focusing on blockchain ventures. There is currently no advisory board that is identified, though that may come later as the platform is entering its token sale. The appeal of Orchid Protocol is obvious and should be widespread, as internet privacy is one of the most discussed issues anywhere. If Orchid is effective it can potentially drastically change how we use the internet and even provide greater access to the free internet globally. Some have even mentioned it as having the potential to bring back net neutrality. The project was founded by five individuals that have substantial experience including one of the creators of Ethereum. Additionally, the project has captured the attention of several high-profile venture capital companies, meaning a public sale may not even be necessary. What may be of concern are the lack of details provided thus far by the project. There have been very few ICO details shared, and no distribution details for either the tokens or the funds raised. The whitepaper offers many thorough technical details but there is no information provided regarding who makes up the development and technical side of the Orchid Protocol team. Also, by their own admission, the technology is still being developed and there is no guarantee it will work as planned. Still it has raised a lot of interest simply because if it does work it has a practically limitless appeal. Share this story, Choose Your Platform! Peter is a blockchain investor and cryptocurrency writer at Vkool.com. Since 2014 Peter has advised blockchain startups and ICOs on content marketing, strategy and business development. Your request has been sent. We will contact you asap. The Internet was originally an open platform where people could freely learn and communicate. Unfortunately, as the Internet grew it became a place where people could be monitored, controlled, and censored. We’re building a new civil contract around a distributed marketplace for computation, storage, and bandwidth to provide the framework for a new form of digital citizenship. Interested in becoming a member of the Orchid team? So, the traffic is not being routed through central authorities such as your ISP or VPN. Users that want to access an uncensored & unrestricted Internet (bandwidth consumers) access pay the bandwidth contributors in Orchid tokens through a peer-to-peer (P2P) exchange. The Orchid Tokens (OCT) verify source nodes in which relay/exit nodes verify the token commitment (ETH smart contract) before/after accepting the connections & payments.
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Traffic & payments cannot be monitored by central authorities, both contributors and consumers of bandwidth enjoy a fully uncensored & unrestricted Internet experience.
NO ICO: No ICO will be conducted only Private sale. If you’re interested and an accredited investor you should contact the team directly. TOKEN SALE IS UPCOMING: Fundraising Goal: TBA The Orchid Protocol is the decentralized, open-source technology for an Internet free from surveillance and censorship. NO Min/Max Personal Cap: 89 Every week we find a large number of projects which are holding Initial Coin Offerings in order to be able to bring their incredible ideas to life. There are a lot of news regarding ICO and cryptocurrency, and we do our best to report about the updates released, or the crypto conferences held all over the world. And now it’s time to look at the ICO market! In a list below you will find our reviews of the projects we consider worth looking at this week. As you already know, Hype.Codes team is working hard to deliver all top-notch ICO news! Don’t forget to read to the bottom and take part in our poll about upcoming ICOs. Worldopoly is the world’s first mobile game to combine Augmented Reality, Geopositioning, Blockchain and Artificial intelligence within an engaging economic simulation and strategic multiplayer game. Worldopoly gives the players a platform to build, own and trade property, all securely stored in blockchain. The innovative new approach is the use of it’s own cryptocurrency, the WPT as the base of the economic simulation. This gives the game a layer of realism never seen before, because people can earn real money when playing. The addition of AR makes it possible to actually see your empire grow before you eyes. In short Worldopoly is a true revolution in mobile gaming, easy accessible and yet complex like the real life itself. The best is part is: the game has already completed the development of its game engine and major features. Sales dates: Apr 23th - Jun 26th (Pre ICO)Accepted currencies. ETH, BTC, FiatHard cap $18MWebsite and Whitepaper Back to the quick navigation list The main aim of ALE - is to engage the technologies of decentralized applications for project management automation. It allows performing the search of works contractors and other labor force in the legal field. That is why we have created ALE – the platform to implement project management decentralized services, with a blockchain as a central element in it. One of the main ALE features - is to support multilateral smart contracts. By means of them, or, to be exact, due to the possibility to automatically administrate the relationship of the parties, the confiding environment is guaranteed. As for now, ALE is mirrored to Ethereum network in order to provide liquidity and to easier exchange listings. ALE is a security token, that grants a right for a share of ALE system profit. Sales dates: May 25th - Jun 25thAccepted currencies. ETH, BTC, LTC, BCHHard cap 57,713 ETHWebsite and Whitepaper Back to the quick navigation list Alethena is the first Swiss Blockchain-Asset rating agency. Reliable due diligence and a resulting rating are established by providing a professional, transparent and in-depth methodology. Proudly transferring the values of its Swiss heritage, Alethena sets itself the highest standards of neutrality and independence. A scalable and decentralised methodology is the definite goals to be achieved with A.I. and Machine Learning in the near future. Sales dates: Jun 6th - 27thAccepted currencies. The AI Chatbot will bring sophisticated mind and horizon-expanding conversations to the high school students, and assist them in their National Pre-College/Upper Secondary Examination Revision. With the information collected, we can then use the AI adaptive recommendation engine to Recommend the best global university/tertiary institution + courses of study for the student user. Our Unique Hyperledger+Ethereum Blockchain will be used to store the information. Imagine a day where students apply to tertiary institutions/college with simply providing their hashkey to the tertiary college of choice. Sales dates: May 18th - Jul 31stAccepted currencies. Our product will democratize data, making it more readily available and less expensive than the current methods of data gathering and vetting. The result is that clients can access specific data sets in a cost-effective and transparent way, collecting exactly what they need without paying for extraneous data. MVP is LIVE! to create a comprehensive variety of data sets valuable to individuals and businesses looking to both attract and retain clients. As a result of our platform, all participants will be able to obtain the exact, nuanced data they are seeking. Because DataBlockChain.io removes the middlemen in the data industry.
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Sales dates: May 27th - Jun 21stAccepted currencies.
The H3O token is the next best thing to a share in the company. In the event of an IPO the token underlying will be exchanged from a participatory right to a share in the company. In the presale you will be able to obtain H3O at a bonus of 42.8% The total supply is 7 Mio USD in the presale. In order to be compliant with this security token there are different rules for each country, there are different minimum investment requirements as well as KYC requirements. Sales dates: May 29th - Jul 31stAccepted currencies. Registry Blocks technology links any registered item or document to a UniqueID in the Ethereum blockchain database. This opens up endless opportunities, especially in fraud prevention, which Registry Blocks will utilize as explained on this website. By offering an intuitive, multi-purpose environment, Registry Blocks commercializes its blockchain technology to real-world users Sales dates: Jun 1st - Jul 14thAccepted currencies. Soft cap $750kHard cap $30MWebsite and Whitepaper Back to the quick navigation list Hype.codes team works everyday to bring you the best reader’s experience. We are trying to add some new cool features every day. Hype.Codes Rate is average, abstract ranking of ICO, that we give to every upcoming ICO. It depends on such criteria: We hope that you like the idea of Hype.Codes ICO ranking and maybe it will help to navigate through the stormy sea of blockchain-based start-ups. Major VC funds have already invested in the seed-round, because the project is going to disrupt the multi-billion VPN industry. Our score will be updated following the public beta and the release of the relevant token metrics. One of the purposes of cryptocurrencies was to send money in a semi anonymous fashion across the world. This idea of privacy is one of the reasons that the technology has captivated the privacy conscious. Yet, as we have taken new steps in making payments private, browsing the web is still far from completely anonymous. That is something that a number of notable investors and developers are trying to change. Orchid labs has received a total of at least $4.7m in venture funding for the development of a truly private internet. Some of the high level names in the funding included Andreessen Horowitz, Compound VC, Danhua, Crunchfund, Poluchain capital, Sequoia and Struck Capital to name a few. The people behind the project are also well known in the cryptocurrency and startup community. One of the co-founders is Steve Waterhouse who served a number of years at Pantera Capital where he invested in a number of blockchain startups. Another co-founder is Jay Freeman who is a software engineer and developer on the Cydia software distribution that is used on millions of jailbroken iPhone devices. They are also joined by Gustav Simonsson (an Ethereum Developer), Brian Fox and Stephen Bell. The drive behind the Orchid project is take on the excessive powers of both the state and the companies that have undue tracking power. They see the growing surveillance and censorship in oppressive countries as more reason for privacy on the internet. This is also something that hit home for Steve Waterhouse as he was recently the victim of a hack. This came at a time when he was researching ideas for AI and enterprise software. Once the hack occurred, all of this information was exposed and left him with a bitter taste in his mouth. For example, people who live in countries that have excessive oversight of a citizens browsing and transaction history would also find anonymizing technology imperative. Similarly, the technology could be implemented by large companies themselves as a way to anonymizing their traffic. Orchid has not yet released a white paper so one cannot say for certainty what the technology will contain. Yet, there are a number of people familiar with the project who have stated that it is indeed in quite the advanced stages. They are planning to issue tokens as part of the project on the Ethereum blockchain. Orchid will attempt to hide the traffic by providing software that can be used by the exit nodes on the network. As such, they will be working with the current technology instead of trying to change it. The user experience with Orchard would not be altered but the tokens that the users have will be exchanged in order to make use of these nodes. This will mean that they will provide protection from their ISPs. Similarly, those people who are currently using VPNs would also benefit from the network as they will not have their browsing records logged. When a user decided to run a node, they would be sent a wallet application that could facilitate receiving the funds. Although the traffic through the nodes could still be seen by your ISP, this would appear to look like normal browsing traffic. This is what many VPN technology providers do nowadays where traffic appears to the ISP as standard HTTPS requests. The team is confident that governments would not be able to decrypt or infiltrate their network. From the USA to China there are fears that intelligence agencies have infiltrated a number of TOR nodes. Yet, with the Orchid technology the only way that a country could block the system would be to shut down the internet.
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Waterhouse also pointed out that it would not be an attempt to restructure the nature in which the internet operates.
It would merely allow for another method of using existing networks. Instead of grand ideas of decentralizing the internet, the Orchid protocol could be thought of as an additional layer on top of the existing infrastructure. It would also not force users to follow strict privacy protocols as they would still be able to accept cookies on their browsers for example. The software is currently in alpha at the moment and it will only be in early 2018 that the team expects a beta launch. They raised the financing through an equity arrangement called a SAFT. This will allow these early backers the oppurtunity to partake in the tokens. The project will also hold a large stake in the tokens raised in order to incentivize the development team to maintain the network in the most efficient way possible. Images via Fotolia