<p>After raising over $43 million on an offered $125 million in presale, Orchid Labs will now list its browsing privacy-focused token on Coinbase as of Friday, according to releases from the companies. This follows an <a href="https://www.theblockcrypto.com/linked/40368/coinbase-is-considering-17-new-token-listings-avalanche-chia-and-filecoin-among-the-candidates">exploratory period</a> from the exchange that grouped the OXT token with 17 developing assets. </p> <p>The release of the OXT token coincides with the release of an app, now live on Linux and Android platforms. The app acts as a Virtual Private Network (VPN) software, enabling access to Orchid's decentralized VPN service and network that aim to make web browsing more secure.</p> <p>Users can receive VPN services by paying with the company's ERC-20 token. This allows users to contribute their surplus bandwidth through <a href="https://messari.io/asset/orchid-protocol/profile">staking Orchid tokens,</a> turning their devices with internet connection into network nodes. They can then be compensated for the bandwidth they contribute in Orchid tokens. </p> <p>One billion tokens were created to power the network, according to Orchid Labs. Now, a part of those tokens will be traded on Coinbase. The exchange announced<a href="https://blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-70419575eac4"> it was exploring</a> Orchid among other assets like Polkadot and Kadena in September. On Friday, it'll accept inbound transfers of OXT to Coinbase Pro. After a 12 hour deposit period and minutes-long post and limit periods, full trading services will be available. </p> <p>Since its launch in 2017, Orchid Labs conducted a sale through a <a href="https://www.sec.gov/Archives/edgar/data/1721086/000172108618000001/xslFormDX01/primary_doc.xml">Regulation D</a> private placement which garnered $4.9 million for 163 million tokens, according to the company. In Q2 of 2018, it nabbed another $43 million for 85 million tokens. </p> <p>Over time, the company expects the number of nodes and user base to grow through the incentivized peer-to-peer network focused on decentralized modes of privacy. </p>