ORE is a next-generation cryptocurrency on Solana.
Unlike traditional fiat money, or even many other cryptocurrencies, ORE truly embodies the principles of permissionless finance and open access.
It’s designed to operate as a digital equivalent of cash, with an innovative distribution model that allows anyone to participate in its creation.
But that's not all—so let’s dive deeper into what makes ORE unique!
ORE: A cryptocurrency anyone can mine
In many ways, ORE shares similarities with Bitcoin, as both are capped-supply cryptocurrencies with a decentralized distribution model (Proof of Work (PoW) consensus mechanism).
However, ORE departs from Bitcoin’s reliance on specialized hardware and high-cost energy consumption. Instead, ORE can be mined on virtually any device, whether it's a laptop, smartphone, or standard home computer. This accessibility democratizes mining and opens participation to a much wider audience than Bitcoin, where mining is now dominated by large-scale industrial operations.
The total supply of ORE is capped at 21 million tokens, released at a controlled rate of one token per minute. This issuance rate ensures stability in supply and predictability in mining, with the entirety of ORE’s supply projected to be fully mined by the year 2064. Such an approach offers a balanced and inclusive way to introduce new tokens into circulation, giving people around the world a fair opportunity to participate.
But what is mining?
Tokens are essentially digital representations of value. Much like physical currency or other physical assets, they can be owned, traded, and transferred.
But in the world of crypto, token creation isn’t just about possession; it’s also about how tokens are distributed. Mining is a decentralized method of distribution, ensuring that tokens are earned based on participation in the network rather than through centralized allocation.
As such, mining is the process of producing digital tokens through the expenditure of energy (Proof of Work (PoW) consensus mechanism)—attaching a real-world cost to the creation of digital assets. By creating a material cost of production, it can be ensured that new tokens aren’t issued without economic input. In this sense, ORE mining is grounded in value, as miners only engage in mining if the token's perceived worth justifies the energy expenditure.
Fair distribution
ORE takes fairness in distribution to a new level, avoiding traditional pitfalls where mining rewards go disproportionately to those with high computing power.
Rather than pitting miners in a high-stakes, winner-take-all competition, ORE’s mining protocol is designed to be inclusive, rewarding anyone who provides a valid solution to an individual computational puzzle.
Also, ORE’s system is non-censoring, making it impossible for any participant to be excluded or starved out of rewards. This open-access model democratizes mining by leveling the playing field, allowing smaller participants to compete on equal footing, and actively preventing network centralization.
This inclusivity is made possible by Solana’s high-performance technology, which allows ORE’s unique protocol to operate efficiently and at scale. Also, this breakthrough design marks ORE as one of the few cryptocurrencies that truly embodies permissionless access without compromising fairness or accessibility.
Why ORE’s approach matters
Mining as a method of currency distribution offers an alternative to traditional central banking.
Fiat currencies are usually managed by a government authority, such as a central bank, which controls issuance, interest rates, and monetary policy. These decisions are often made by unelected officials, lacking transparency, and they may prioritize the goals of the institution over the interests of the general public.
In contrast, ORE’s mining model is open-source, transparent, and enables anyone to participate in token production—establishing a digital cash system that is governed by its community of miners rather than a central institution.
Unlock the world of ORE with Phantom
Want to mine ORE? Get started now.
Want to trade ORE? Here’s how:
- Log in to your mobile app or browser extension
- Select “Swap” and choose the token you’d like to swap
- Next, select the drop down menu in the “You receive” section and type “ORE” in the search bar
- After selecting ORE, finalize your swap order and select “Review Order”
- Once you're done reviewing your order, agree to the terms of service
- Lastly, select "Swap" to finalize your order
Once you do that, you’re done.
Getting started with Phantom
Phantom offers browser extensions for Firefox, Chrome, Brave, and Edge, as well as apps for iOS and Android to get started on Solana.
- First, download Phantom. Then, create a new wallet.
Once you do that, you're ready to go.
To fund your Phantom wallet, read our Apple Pay and Google Pay guide.
How to bridge tokens to Solana with Phantom?
If you already have a Phantom wallet and would like to bridge funds to Solana, use our very own Crosschain Swapper. With our Crosschain Swapper, you can bridge tokens across Solana, Ethereum, Base, and Polygon right in your Phantom wallet.
Disclaimer: This guide is strictly for educational purposes only and doesn’t constitute financial or legal advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
