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This giveaway is for 1 FREE PIKACHU PROMO [001/SV-P] card. Winner will be picked this Tuesday, July 7th.
How does ORE's smart wallet protect holders from future quantum threats?
@HardhatChad shares some insights on the recent X Spaces with @martypartymusic discussing ORE's quantum-safe smart wallet.
Full clip in the post below.
The ORE staking program has officially been frozen.
This is a major milestone and security upgrade for token holders. All staked assets are now immune from upgrade authority risks.
Here's what this means for users... 🧵
This miner is up $7500 in just 48 hours!
They've managed to mine 45 $ORE for a cost of only 11.5sol
Their stratgy seems to be only targetting low SOL deployed rounds (average round size 18.6sol) and only deploying to 50% of the tiles
45 $ORE earned across only 246 rounds
One $ORE bounty for successfully adding to the @zedge_ore research roadmap outlined below. Please help retweet to get the word out to the @ore community
$SOL has native SoV through $ORE ⛏️
Mining @OREsupply uses SOL you deploy into each round acting as the economic “work,” replacing the traditional energy and hardware costs of Bitcoin mining. This change to using on-chain capital replaces the leakage in a unique process and keeps 99% of funds used within the ecosystem.
Unrefined ORE is not circulating and cannot be sold, which forces a long-term mindset. Your unrefined will yield refined ORE as other miners claim their ORE and incur the 10% claim tax to the unrefined portion. These fee are automatically redistributed to other miners in proportion to their unclaimed ORE mining rewards. The longer a miner holds onto their mined ORE, the more refined ORE they will receive. The net effect of this process is to redistribute tokens to longer term holders.
Even if you don’t want to mine, there’s non-locked staking. 10% of all SOL mining rewards are automatically collected by the protocol as revenue. All of this SOL is used to buyback the ORE token off open market.
Of the ORE that is purchased in the buyback program, 90% is automatically buried and 10% is distributed to stakers as yield. This effectively allows stakers to "double-dip" on protocol revenue, earning from both value appreciation of the buyback and revenue share.
If Solana continues to grow, a fair-launched, capped-supply native SoV will become a magnet for accumulation and speculation, similar to early BTC within its own ecosystem.
ORE is NOT your next bundled meme coin. It has a real distribution system, a capped supply, and an incentive structure rooted in mining.
See you in the mines. Time to feed the HaWG ⛏️
“Every single meme shitter will get swapped into ORE”
@OREsupply@HardhatChad@neil_shahani
https://t.co/smdvvfUVtG
https://t.co/MqELMy0Xe9
So far, many people don't know that mining $ORE is incredibly fun and profitable..
I'm going to create a tutorial on mining $ORE, the best long-term strategy... stay tuned!
This is why @toly supports $ore. The challenge is not who can capture the most value within solana. What we care about is how big solana can be. Winning the hearts and minds of developers and consumers. Solana maintains its lead by being cheap and fast. Ore being a solana native SoV allows Solana to just be gas not gas and gold at the same time. Rapid price appreciation is appreciated for gold not gas. Eth focused on SoV and did such a good job the chain got expensive and solana entered the chat. We don’t want to ever give people a reason to leave Solana. Ore increases our shot at winning. It’s a feature not a bug for solana.