ORE maxi // exit the trenches, enter the mines
Toronto
Joined July 2013
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slyseparator ⛏️ retweeted
ORE is up 50% in October and BTC down 10%
Most people still don't know what it is or how to mine, it takes 1 minute:
1. Pick tiles - don't try to guess by picking 1-2 tiles, the more you pick the less risk you take
2. Choose how much SOL to put in
3. Hit deploy
Every round has a bonus pool called the motherlode currently worth 101.8 ORE ($14.6K). in addition to mining ORE on the grid, every round you mine is a chance to open the motherlode.
slyseparator ⛏️ retweeted
Can ORE be a store of value without proof of work or its own consensus? Here's how it works and the cases for and against.
slyseparator ⛏️ retweeted
they say this is @ORE coded
slyseparator ⛏️ retweeted
The ORE Reserve has crossed $500,000.
Another $150,739 in liquidity was added this week, averaging more than $21,500 per day.
The Reserve has now received $592K in total deposits, $77K of which has been used to acquire 729.8 ORE at an average cost of $105.52.
The Reserve now provides buy-side support for approximately 8,206 ORE across its liquidity positions.
slyseparator ⛏️ retweeted
Imagine what ORE is going to do when the rest of the market isn’t full on sharting itself
slyseparator ⛏️ retweeted
@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.
slyseparator ⛏️ retweeted
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.
slyseparator ⛏️ retweeted
"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.
slyseparator ⛏️ retweeted
.@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.
slyseparator ⛏️ retweeted
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.
slyseparator ⛏️ retweeted
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.
slyseparator ⛏️ retweeted
2,121 $ORE worth $133,000 has now been sent to $GRAMS holders as seen on our site at grams.supply/#rewards
