Bitcoin on Solana? Almost
$ORE pumped over 6,000% since October, but...
- How do $ORE's tokenomics work?
- How to mine?
- Will $ORE continue to pump?
Find all the answers in this thread 👇🏼🧵
@OREsupply ORE is a Solana-native Store of Value that can be mined through a simple user interface
Originally launched in 2024 they redesigned tokenomics earlier this year with a 5M token hard cap (compared to Bitcoin’s 21M)
Since then they gained over 6,590% !!!
ORE has a unique token model:
100% of its revenue is used to buy back and burn (90%) tokens permanently removing them from circulation
(10% goes to stakers)
In the past week, ORE’s supply shrank by approximately 1,020 tokens, or about 0.25%
ORE currently generates daily revenue of $400–500K — more than platforms like Meteora or Phantom
But where does this come from?
From miners — thousands of them...
10% of all SOL deployed by miners, plus a 1% admin fee, make up ORE’s revenue
Why are people mining that crazy?
Every minute, a random block is selected
Miners on that block win a share of SOL from other blocks
The protocol awards +1 ORE either split among all winning miners or, half the time, given entirely to one miner chosen by weighted chance
Every minute, 0.2 ORE gets added to the "motherload pool." Odds of hitting are 1 in 625. If it doesn't hit, it keeps growing
Jackpot is often near to $100K
The higher the motherload, the higher is the number of players
but does that mean it's just an on-chain lottery?
It's definitely a gamified mining system aka weighted lottery
BUT
Even if you're "losing" 10% of the SOL you bet, dont forget that collecting unrefined $ORE has an APR of over 120% right now
This attracts more miners and more ORE is burned than it is being mined per round
What is the best mining strategy?
X is currently full of trading strategies
Best and easiest strategy is probably to just pick a high amount of blocks (above 17-20) with xSOL (auto) once motherload is higher
+ leave the Ore to refine (generate more ORE)
Okay, Ore pumped +6,000%, but what makes it better than the rest?
First, Ore is one of the first stores of value (SoV) operating on another blockchain, Solana
There's no need to pay validators, and there's no inflation
100% buyback, allowing the supply to shrink
Second, ORE created a gamified model that lets anyone mine from anywhere
It allows a few people to win big while most others don’t lose much (ideal to go viral on X)
As long as miners are willing to pay more than the token’s actual value, this cycle is likely to keep going
35,21 tys.
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