The Orchid Protocol is the decentralized, open-source technology for an Internet free from surveillance and censorship
I’ve gotten less and less bullish on it, just based on the market and how much they’re raising.
3-May. It is High on our website, but there will not be public sale. It is project for accredited Investors and Funds, like Telegram. We skip such projects.
This is a early-stage project, which already looks very promising due to bright ideas and an all-star team. Major VC funds have already invested in the seed-round, because the project is going to disrupt the multi-billion VPN industry.
By introducing tokenized incentives, the bandwidth supply problem (Tor’s key competitor problem) will be solved; however, it is not clear from Orchid’s whitepaper how use of the protocol will spread among mainstream customers considering their limited access to internet. Our score will be updated following the public beta and the release of the relevant token metrics.
UPDATE: Orchid Labs is planning to raise $125 million in a SAFT sale, we have downgraded the score to 6 out of 10 because we are disappointed with the amount of money the project is raising, although we will follow future development of the project.