ORE maxi // exit the trenches, enter the mines

Toronto
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Doesn’t get much sexiORE than this
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@ORE Reserve is 6 weeks old. Here is an overview I extracted from @Blockworks Ore dashboard. All numbers go up only. The Reserve is an automated financial institution of its own benefiting the whole ecosystem: miners, stakers, holders. $ORE's outlook has never been so brilliant.
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More productive liquidity in the ORE Reserve. The Reserve now allocates half of its stablecoin deposits to USDv from @solomon_labs. USDv generates native rewards without staking or locking assets, allowing the Reserve to earn on its stablecoin liquidity while maintaining buy side support for ORE.
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Tough market lads Stay above water with an SoV that is future proof and actually stores value $ORE
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"I love ORE. I think it's incredibly fascinating." ORE is building money on top of Solana. @tulipking and @KEMOS4BE discuss the game theory of money and the challenges of making it work on a smart contract network. Their full conversation in the post below.
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.@OREsupply is hard money for a digital age. ⛏️ Every token has to be mined, only 3 million will ever exist, and the ability to mint more has been permanently destroyed onchain. Not even the team can undo it. Mined by anyone. Capped by code.
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ORE is the future-proof SoV of SoVs.
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I tried to think of what the biggest bear case for ORE would be, for me it was tokenization. Not only had they already thought this through, but already implemented a goated way to go with the trend and incorporate the best SOV’s into the reserve. Added some solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp and solana:G1jonmoSEbMJSwEg1AmgDAJq2utmuBSZct8oqttBf9rT after Hardhat answered this without skipping a beat.
ORE is the future-proof SoV of SoVs.
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The 100m solana:G1jonmoSEbMJSwEg1AmgDAJq2utmuBSZct8oqttBf9rT (10% of max supply) has been sent and locked forever in the vault. All earned solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp from those 100m tokens will be buried. Oh, and DM'd... 👀
.@LaunchOnSF rewards can now be sent to PDAs. If you are building or looking to build cool shit with StonkFun tokens, DM me.
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2,121 $ORE worth $133,000 has now been sent to $GRAMS holders as seen on our site at grams.supply/#rewards
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Look at me, I'm an LP now.
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Now that you’ve been introduced to ORE through a meme coin pair, let me explain what exactly you’re holding. I’ll keep this very surface level. There are much deeper explanations of ORE out there. ORE is a Solana native store of value protocol. It aspires to fulfill Bitcoin’s original mission of peer-to-peer electronic cash, while using Solana’s rails to make it fast and cheap to actually use. There will only ever be 3 million ORE. Today, fewer than 500,000 ORE are in circulation. The rest can only come into existence through mining. And ORE mining looks very different from what you probably think of when you hear “mining.” You don’t need expensive machines or warehouses full of computers. Anyone with a phone and an internet connection can participate. ORE uses Solana rather than massive amounts of electricity to coordinate mining. We sometimes describe traditional mining as having a “value leak” through electricity. A significant part of the value miners put in leaves the system through power and hardware costs. ORE is experimenting with a different model. There’s much more to mining, but I don’t want to lose the people who just got here. This is the normie version. So what did you actually discover through that meme coin pair? You know those old Bitcoin stories? “I played some game and got a few BTC, but I have no idea where I put them.” “Someone gave me Bitcoin for free back then.” “It was worth basically nothing, so I never thought about it again.” At the time, most of those people didn’t understand what they were holding. Bitcoin was just this weird internet money that somehow landed in their wallet. I’m not saying ORE is the next Bitcoin. Nobody knows what ORE ultimately becomes. But I do think there’s something interesting about discovering an ambitious monetary experiment almost by accident. ORE is rooted in many of the same cypherpunk ideas about what internet -native money could be, but it is trying something new on Solana. We believe ORE has a shot at becoming a widely accepted store of value on Solana. Maybe you think that sounds crazy. But if you received some ORE through a meme coin pair and there’s even a small part of you wondering, “Wait… what exactly did I just get?” Look deeper. Understand what you’re holding. Then decide for yourself whether it’s something you want to keep. check out ORE.com
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This is the first project openly aligning with its memefi token pair on @solana Yesterday, solana:G1jonmoSEbMJSwEg1AmgDAJq2utmuBSZct8oqttBf9rT donated part of its supply to the solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp reserve ORE just launched a vault that locked these tokens forever ORE is an explosive asset when $SOL moves and essentially acts as a leveraged bet, this memefi "integration" will make things go wild if we get a bullish Q4
After discussing with @dchapman, we have settled on a new course of action here. Rather than accept community memecoins into the Reserve, I have setup a vault where anyone may send ORE-paired coins to permanently lock up supply. All ORE and stORE fees received by the vault will be automatically buried. The vault is now live, open-source, and the upgrade authority has been frozen. Tokens sent to the address below will be locked forever. Caution: once sent, tokens cannot be recovered or redeemed. GHRBYPA4cujFwfyhNNm6NLTh4egdTrcz7xkBbEwM4xX
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The 100,000,000 solana:G1jonmoSEbMJSwEg1AmgDAJq2utmuBSZct8oqttBf9rT will be transferred within the next 24 hours and locked forever. The solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp rewards will be "buried" automatically which means they'll be available for mining MANY years from now which further reinforces the fact that ORE is the fairest token distribution system ever created. After discussing with the team, it was decided that adding GRAMS to the reserve wasn't as beneficial as this new method guarantees the GRAMS are out of circulation forever and its ORE is buried.
After discussing with @dchapman, we have settled on a new course of action here. Rather than accept community memecoins into the Reserve, I have setup a vault where anyone may send ORE-paired coins to permanently lock up supply. All ORE and stORE fees received by the vault will be automatically buried. The vault is now live, open-source, and the upgrade authority has been frozen. Tokens sent to the address below will be locked forever. Caution: once sent, tokens cannot be recovered or redeemed. GHRBYPA4cujFwfyhNNm6NLTh4egdTrcz7xkBbEwM4xX
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After discussing with @dchapman, we have settled on a new course of action here. Rather than accept community memecoins into the Reserve, I have setup a vault where anyone may send ORE-paired coins to permanently lock up supply. All ORE and stORE fees received by the vault will be automatically buried. The vault is now live, open-source, and the upgrade authority has been frozen. Tokens sent to the address below will be locked forever. Caution: once sent, tokens cannot be recovered or redeemed. GHRBYPA4cujFwfyhNNm6NLTh4egdTrcz7xkBbEwM4xX
From the solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp Discord showcasing that 100,000,000 solana:G1jonmoSEbMJSwEg1AmgDAJq2utmuBSZct8oqttBf9rT will be donated to the reserve once the functionality goes live:
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Where it gets really interesting Grams one-shotted the problem of miners who didn’t like chasing high MLs.Don’t like chasing, don’t want to have to worry about managing toggles in the mines, just buy real estate. Buying real estate requires ORE. So ORE goes up marginally currently. Owning real estate earns income in the form of ORE, but if it’s sold it’s a wash bc it was purchased with taxes revenue. Sell the ORE for more grams to own more real estate and become tycoon. Net good. Unlike other assets in the Stonk ecosystem, the Grams could have a significant beneficial impact on ORE.
What @dchapman set up is essentially a secondary and likely more efficient mining operation. Whereas principal mining ORE is incremental, secondary mining has no limits. For the core ORE community sitting in positions for a long time is easy. uORE for example, staking for example. I imagine if they have the opportunity to buy cheap real estate they will. And will likely squat for a good while. I have personally secured ~1% of available real estate.
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solana:G1jonmoSEbMJSwEg1AmgDAJq2utmuBSZct8oqttBf9rT are the Satoshis, solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp is the $BTC. Flywheel squared? Nice to have some really promising and exciting additions to the community. Wake up CT, market cap is only $1M.
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I have launched GRAMS -- stonkfun.xyz/token/G1jonmoSE… GRAMS are the smallest decimal place of ORE, like a Satoshi for Bitcoin. 3% fee that goes to buying ORE. So ORE is the SoV, GRAMS is the daily payment token that rewards holders with ORE.
Trenchers, it's time to get in the mines. You can now launch coins paired with solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp, from @ORE on StonkFun. stonkfun.xyz/launch
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There’s only 490k $ORE in circulation, many are staked, and only 3 million will ever exist, but consider that at times it goes net deflationary. Solana native Store of Value. People are finally learning. The lore goes deep btw.
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It begins $ORE
Bought 30k $ore It’s undervalued relative to the fundamentals and buy pressure coming from meme pairs imo Multiple meme runners have ore whales behind them Idk which will win but just buying ore is safer If I’m right it’s free here imo
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