DeFi enthusiast. @Oresupply maxi. Crypto veteran, Twitter noob. Follow for updates
Joined March 2024
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Knowing NYSE on Solana and not thinking ORE could flip bitcoin is silly
It might be THE MOST undervalued token on Solana 🪙
ORE is consistently in the top 5 protocols by revenue, with ~$1M/week, and 99% of that goes to buybacks
$ORE is only ~$80M market cap, lower than most other protocols with less revenue
One of my conviction bags for sure
ORE > BTC
🤖 Made with AI
> When Bitcoin miners fail to mine a Bitcoin in a block, their computational credits don't go to other miners, it gets spent.
Correct. And thus when those miners *do* eventually win a block, they're *forced* to sell the crypto reward to make up for their fiat losses and continue mining. The capital paid to electricity companies ultimately gets withdrawn from the value the token via miner sales. Buyers have to offset that selling just to neutralize the downward price pressure from miners. It's not an ideal setup for a "store of value".
The big idea behind this ORE redesign was to invert that value flow and redirect miner expenses into the token rather than away from it.
ORE learned from bitcoin and plugged the leaks.
ORE > BTC as an SOV, and as private peer to peer cash, and earns revenue
> When Bitcoin miners fail to mine a Bitcoin in a block, their computational credits don't go to other miners, it gets spent.
Correct. And thus when those miners *do* eventually win a block, they're *forced* to sell the crypto reward to make up for their fiat losses and continue mining. The capital paid to electricity companies ultimately gets withdrawn from the value the token via miner sales. Buyers have to offset that selling just to neutralize the downward price pressure from miners. It's not an ideal setup for a "store of value".
The big idea behind this ORE redesign was to invert that value flow and redirect miner expenses into the token rather than away from it.
Ore Reporter⛏️ retweeted
After researching $ORE deeply for the past few days....I have become an ore maxi and have deployed myself to the mines for the foreseeable future. This thing is so undervalued.
solana:4ZnJ72JoEVazMe7nvbek7CfSKh7eTtR3nikyAua6EkiE has high enough MC to be top 10 in Flywheel on @LaunchOnSF and high enough volume, yet it’s not showing
Am I missing something?
Ore Reporter⛏️ retweeted
Just looked at my watch. It’s almost melt face thirty
solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp
Ore Reporter⛏️ retweeted
The lowest marketcap $ZEC ever dipped to was $260M. That was Pico bottom.
$ORE is currently $70M
You may think you've missed the boat on ORE but, my friend, we're just getting started.
Ore Reporter⛏️ retweeted
A USELESS whale just bought $19.98K of $ORE at $70.72M MC 🐳
These revenue loops will be massive over time.
$ORE just gets better and better
I think the biggest part of today's announcement is being overlooked...
$ORE just activated an entirely new revenue stream.
The protocol now has two sources of revenue:
1. Mining Revenue
2. Reserve Revenue (new)
Over time, "Reserve Revenue" could surpass Mining Revenue.
