Ore

Ore (ORE): Hard-Money Proof-of-Work on Solana

Ore is a Bitcoin-style, proof-of-work currency capped at 21 million coins— but mined and transferred on Solana, giving “digital gold” instant finality, tiny fees, and native DeFi composability.

Introduction

• “Hard money for the Solana age”: Ports Bitcoin’s proof-of-work scarcity onto Solana’s fast, low-fee network.
• Fixed 5 M supply: Roughly four times scarcer than Bitcoin on a per-coin basis, with no pre-mine or developer reserve.
• DrillX emission: ~0.159 ORE minted per minute via memory-hard mining, fully issued over ~30 years.
• Instant DeFi access: Mined ORE arrives on-chain immediately, usable in DEX pools, lending markets, or rest-staking with sub-cent fees.

Ore’s journey began with the v1 launch in April 2024, which highlighted high miner demand and temporarily congested Solana. Upgraded to DrillX, Ore v2 relaunched in August 2024—resuming mining under a more controlled emission mechanism while maintaining universal, decentralized access.

Key Features

• Proof-of-Work on a PoS Chain — Ore’s smart contract enforces DrillX proofs; Solana handles finality.
• Steady Linear Emission — ≈ 0.159 ORE per minute → 5 M cap in ~30 years. No pre-mine, no dev tax, no halvings.
• Device-Friendly Mining — DrillX is RAM-intensive, so laptops and phones remain competitive; ASICs offer no huge edge.
• Native DeFi Compatibility — ORE is an SPL token, so it slots directly into pools, lending, and perps on Solana.

Technological Framework

DrillX, Ore’s memory-hard proof-of-work algorithm, embeds each solution directly into a Solana transaction so anyone with 4 GB-plus of RAM can mine without needing ASICs, keeping the network decentralized. Those on-chain proofs are verified by a Solana smart contract that now mints ≈ 0.159 ORE per minute—on a hard-capped total of 5 million coins—giving transparent, timestamped issuance that costs only fractions of a cent in fees. A companion Mining SDK and one-tap mobile app let non-technical users start contributing hash-power instantly, while the forthcoming “OreFi” adapter will allow mined ORE to be wrapped into interest-bearing vaults so holders can convert their hard-money balance into yield-generating DeFi collateral.

Tokenomics (v2 – DrillX)

Parameter	Value	Notes
Max Supply	5 000 000 ORE	Hard-capped (v2 relaunch)
Emission Rate	≈ 0.159 ORE / min	Targets full supply in ≈ 30 yrs
Initial Distribution	0 pre-mine	All coins earned via DrillX mining
Current Circulating	≈ 390 000 ORE	(v2 mining, 2024–25)
Miner Reward	100 %	No dev tax or treasury cut

Scarcity & Emissions

Ore v2 tightened supply from 21 M to 5 M ORE, making each coin 4× scarcer than a Bitcoin relative to its cap. Only ~390 k have been mined so far, leaving > 92 % unissued—gradually reachable over ~30 years through the memory-hard DrillX algorithm. With no pre-mine and no team tax, every future coin lands in miners’ wallets, aligning incentives from day one.

Utility & Thesis

• Store-of-value narrative: capped, transparent issuance.
• On-chain composability: swap into stables, LP on DEXs, or collateralise for leverage—capabilities Bitcoin lacks without bridges.
• Future fee-burn: proposal to burn 0.01 ORE tx fee per on-chain transfer, adding long-term deflation.

Roadmap & Development Phases

Phase	Timeline	Deliverables
v1 Launch	Apr 2024	Simple PoW; led to Solana congestion (paused)
v2 Release	Aug 2024	DrillX algorithm, mobile mining, reopen 1 ORE/min
OreFi Integration	Q4 2025	Wrapped ORE vaults + lending collateral
DAO Governance	2026	On-chain votes for fee-burn, treasury grants
Lightning-Style Payments	2026+	Off-chain ORE channels for micro-pay & gaming

ORE - Fundamental Value

• Accessible Mining: Mine from laptops or mobile devices via the one-tap app or SDK, democratizing proof-of-work without needing specialized hardware.
• Immediate Liquidity: Convert mining rewards into USDC, stablecoins, or leverage in DeFi pools instantly—no long waits or bridge overhead.
• Scarcity Preservation: With a hard cap and no dev reserve, every coin remains scarce forever, positioning ORE as digital gold with programmability.

Strategic Value & Risks

• Strategic Value: Brings a true PoW asset into Solana’s DeFi stack, providing rare store-of-value characteristics alongside on-chain yield strategies.
• Strategic Value: Native composability allows ORE to power hard-money vaults, leveraged products, and scarcity-linked derivatives on Solana.
• Risk: A surge in mining activity could lead to temporary transaction congestion or fee spikes, testing Solana’s throughput limits.
• Risk: The long, linear emission schedule (~30 years) means value crystallization depends on sustained demand over decades.
• Risk: Competes with wrapped Bitcoin and synthetic gold alternatives; user trust and adoption hinge on DrillX security and decentralization.

Conclusion

Ore marries Bitcoin’s hard-money DNA with Solana’s ultrafast rails, creating a scarce, mine-from-anywhere asset that slots natively into modern DeFi. If the vision plays out, ORE could become the go-to “digital gold” within the Solana economy—hard, liquid, and instantly usable.

Learn more or start mining at ore.supply and follow updates on X: @OREsupply.