ORE

ORE Price

About ORE (ORE)

ORE is a decentralized, mineable cryptocurrency built on the Solana blockchain that implements a Proof of Work distribution mechanism.

• Proof of Work on Solana: Uses a computational puzzle-solving mechanism to fairly distribute tokens across a Proof of Stake network.
• Mobile-Friendly Mining: Designed to allow users to mine tokens directly from browsers and mobile devices without specialized hardware.
• Sustainable Tokenomics: Incorporates a "buy-and-bury" mechanism to manage supply and incentivize long-term holding.

What Is ORE

ORE is designed to be "future-proof electronic cash," focusing on fair distribution and accessibility. Value moves through the system via a mining process where users solve computational challenges to earn rewards. The token is put to work as a reward for securing the distribution process and participating in the "buy-and-bury" mechanism, which acts as a supply sink. As the ecosystem grows, the difficulty of mining adjusts to maintain a steady issuance rate, similar to traditional Proof of Work systems but operating on the high-speed Solana network.

What Makes ORE Unique

• Hybrid Consensus: Combines the security and fair distribution principles of Proof of Work with the speed and low costs of the Solana blockchain.
• No-Hardware Mining: Unlike Bitcoin, ORE mining is accessible via standard consumer devices, lowering the barrier to entry for new participants.
• Native Solana Integration: Leverages Solana parallel processing capabilities to handle high-frequency mining rounds and transactions.

What Can You Use ORE for?

• Mining Rewards: Earn ORE by contributing computational power to the network's distribution rounds.
• Staking and Yield: Participate in protocol-native mechanisms to earn rewards through automated mining configurations.
• Store of Value: Utilized by its community as a digital asset with programmatic issuance and a fixed maximum supply.

How Does ORE Work?

ORE operates using a grid-based "board" system where miners deploy SOL to claim space and solve cryptographic puzzles. The system uses a Proof of Work algorithm where the difficulty scales based on the total computational effort of the network. Users pay protocol service fees in the form of SOL for deploying and interacting with the mining rounds, while ORE acts as the primary incentive asset. The treasury manages the "buy-and-bury" (bury) function, which programmatically executes buybacks and burns to support the token's supply dynamics. The project recently underwent a contract migration to improve its technical infrastructure and support evolving protocol requirements.

Team Info and Investors

ORE was developed by Regolith Labs, with HardhatChad as a lead developer and prominent figure in the project's evolution. The project is community-driven and open-source, with development activity documented on GitHub. While specific early-stage venture backing is not extensively detailed in the primary sources, the project has gained significant traction within the Decentralized Finance (DeFi) sector of the Solana ecosystem through its unique launch and distribution model.

Where can you buy ORE?

ORE tokens can be traded on decentralized exchanges and centralized crypto exchanges. The most popular exchange to buy and trade ORE is Meteora, where the most active trading pair ORE/WSOL has a trading volume of $758,016.90 in the last 24 hours. Other popular options include Orca and LBank.

What is the daily trading volume of ORE (ORE)?

The trading volume of ORE (ORE) is $1,708,224.15 in the last 24 hours, representing a 12.50% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for ORE (ORE)?

ORE (ORE) reached an all-time high of $1,451.62 and an all-time low of $6.27. It’s now trading -94.50% below that peak and 1,163.70% above its lowest price.

What is the market cap of ORE (ORE)?

Market capitalization of ORE (ORE) is $39,389,468 and is ranked #595 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ORE tokens (500 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of ORE (ORE)?

The fully diluted valuation (FDV) of ORE (ORE) is $39,390,522. This is a statistical representation of the maximum market cap, assuming the maximum number of 3 Million ORE tokens are in circulation today. Depending on how the emission schedule of ORE tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of ORE compare against its peers?

With a price increase of 8.90% in the last 7 days, ORE (ORE) is outperforming the global cryptocurrency market which is up 4.00%, while outperforming when compared to similar Decentralized Finance (DeFi) cryptocurrencies which are up 4.60%.