NEW: Now tracking @ORE's Reserve mechanism on ORE's dashboard.
A portion of ORE revenue now funds buy-side liquidity below the current market price, making ORE buybacks more efficient.
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solana is the internet of money
whatever the internet did to permissionless information flow, solana is doing to permissionless money flow
everybody gets access to markets & self-custody
and what better way to answer the age-old question of wealth distribution, than hashing it out on the open market
that's all the clarity you need
open economic participation
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I’ve watched $ORE evolve through multiple iterations.
Now it feels like it’s converging.
A SoV on Solana that you “can just hold forever.”
I’ve never been more bullish.
🎥 What's next for @ORE?👇
What is dead cannot die
Miners hearing @ORE foreman @HardhatChad announcing the next income feature one day after he made ORE's Reserve a #SOVofSOVs#
anon, you see what's happening, right? 5% of revenue being set aside into other hard assets to build the SOV's of SOV.
ORE is the future-proof SoV of SoVs.
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.
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Slowly, but surely.
🎥 "Ore is the SOV of SOVs" - @HardhatChad on how @ORE can compete with any other store of value👇
🎥 "Ore is the SOV of SOVs" - @HardhatChad on how @ORE can compete with any other store of value👇
Shoutout to HHC and @mst1287 for shipping this.
Solana composability ftw.
The vault created for ore-paired coins over the weekend is now fully supported.
.@LaunchOnSF rewards can now be sent to PDAs. If you are building or looking to build cool shit with StonkFun tokens, DM me.
Freed from the tyranny of "TransactionTooLarge"
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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If your mechanism doesn’t spawn at least 50 forks, it’s not novel enough
