What Is Ore Token (ORE)?

Ore Token is the native token of the ORE system, which aims to be an innovative end-to-end blockchain solution for gamers, creators, and developers. ORE System seeks to be developed on a faster and cheaper Binance Smart Chain for better user experience and cost-effectiveness. The ORE system aims to take less time for game development and does not require technical knowledge. Moreover, it seeks to increase the core user pool to give the gamers and content creators direct value. 

There are three main components of the ORE ecosystem: ORE SDK, ORE Forge, and ORE token.

• ORE SDK – This is the backbone of the entire ORE system. ORE SDK aims to provide a library of codes for the developers for easier and quicker game development by including the available infrastructure as the readily available template. Moreover, game developers need not be blockchain developers. Also, users can even port the items developed in SDK across all ORE system-integrated games and applications.

• ORE Forge – This is the integrated NFT's marketplace to provide developers and creators with the ability to create their in-game NFT items instantly. The users can collect, trade, and own the NFTs that carry real-world value. The content creators can create content using the ORE Forge platform. Then, the content is available to developers for licensing or is available for purchase within the ORE-supported games. 

• ORE Token – This is a BEP20 token used across all integrated platforms, games, and applications of the ORE ecosystem. BEP20 is the token standard used for the tokens developed on the Binance Smart Chain. Gamers can use ORE tokens to purchase, sell, and auction NFTs on ORE Forge. Of each transaction on the platform, 3% is redistributed amongst token holders, and 2% are burned forever, which helps to reduce the available tokens in circulation and increase their value simultaneously. Moreover, users can cash out of the system at any time if they want.

Additionally, the whitepaper aims to suggest that the platform offers security backed by multiple audit assurances. The smart contracts at ORE are audited by numerous companies like DrivenX Security, Consensys, and Certik Audits.  

History of Ore Token (ORE)

Kizz MyAnthia is the founder and CTO of the project. MyAnthia is a cybersecurity specialist with an in-depth understanding of security principles and practices. Also, MyAnthia has 22 years of experience in the industry, and he has worked with multiple organizations of all sizes with some federal and state projects.

The maximum total supply of ORE tokens is 4,100 000,000,000,000.