Cool idea from @HardhatChad: Elon predicts an AI future where trad money no longer exists, and wattage/tonnage become money-like instruments.
Inevitably wattage/tonnage will be tokenized, which means those assets could be stored in solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp 's Reserve alongside gold, BTC, ZEC, etc.
Future-proof store of value (on @solana).
Tune in live with @marccolcer @sunnymaanz and @HardhatChad!
Store of value on solana nitter.cf/i/broadcasts/1rxmqpvgl…
ORE retweeted
Store of value on solana nitter.cf/i/broadcasts/1rxmqpvgl…
ORE retweeted
In order to be an active participant in most PoW mining systems , an individual must
- locate and purchase ASICs
- locate cheap electricity
- arrange hosting
- manage cooling
- have an adequate understanding of firmware
- replace failing equipment
- worry about their hardware becoming obsolete
In order to be an active participant in the $ORE grid mining system, an individual must
- have access to a phone or computer
- have capital to deploy
Grid mining truly is about accessibility
Study @ORE
ORE has gradually scaled its Reserve since its recent launch, growing to ~$85k of unfilled buyside liquidity in less than a month. The Reserve initially received just 1% of protocol revenue, before progressively increasing to 2%, 5% and now 10% consistently adding new liquidity to the buy side.
This introduces a different approach to @ORE 's existing market buyback strategy (Hawg). Rather than deploying protocol revenue immediately to spot buyback (essentially topblasting), funds are deployed into protocol owned LP positions on Meteora which effectively act as limit orders across different price ranges below market price.
This allows the Reserve to progressively buyback more ORE as price move lower, while unfilled liquidity continues to accumulate when prices remain stable or move higher. This builds deeper buy side liquidity over time while giving protocol greater capacity to buyback ORE during downward price movements rather than concentrating purchases near current market price.
Since launch, ~$94k of protocol revenue has been deployed to the Reserve while only ~$9k has been filled. With solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp recent price performance, the majority of deployed liquidity has remained unfilled, allowing the Reserve to rapidly accumulate ~$85k of buy side liquidity in less than a month (representing an implied ~1.9k ORE of potential purchases across current support levels).
