i did a video on $ORE
watch it, and read SBBs take on ORE. it's literally making the trenches the mines, and the mines actually fun.
also, the motherlode is rn 255.8 ORE, and production cost is 2.9X the cost to produce 1 ORE
Been in heavy accumulation mode of $ORE (@OREsupply ) lately.
I had previously been quite bearish on it, primarily due to the FDV. When I tweeted previously it was around $480 and total supply was 21M which had it around ~$10B FDV. That was crazy and was not interested at all at those levels. A LOT has changed since then.
- Total supply changed. From 21M to 5M.
- Emissions rate changed to 10% reduction per year
- Price has come down to reasonable levels
At it sits right now around ~$50. Supply is ~185,855. So Circulating market cap of ~$9M and FDV around $250M. Seems like a good entry here to me for the potential upside.
Few more notes.
- I bet on leaders and @HardhatChad is one of a kind.
- He raised $3M for Regolith Labs earlier this year to push $ORE forward. Importantly on this raise "There were no ORE tokens sold as part of this fundraising agreement. ORE was conceived of and shall remain a fair-launch token with no pre-mine or insider allocation."
- Completely fair launch token
- ORE mission is to reimagine proof-of-work mining
- Pushing the Digital Gold of Solana narrative
This will be a long road to adoption but I am down to ride with Chad and his crew.
See ya in the mines.
11,07 rb
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