ORE wallet

What is ORE (ORE)?

Most tokens on Solana are minted in one go and handed out by a team. ORE is not: it is issued through mining. Anyone can mine from a computer or a phone, and new ORE enters circulation only as it is issued to those miners round by round, in the same spirit as Bitcoin but settled on Solana. The protocol takes its name from Nicholas Oresme, the medieval thinker who argued that money should belong to the people who use it, not to whoever controls the mint. That is the whole pitch: hard, predictable money that borrows Solana's speed and low fees instead of running its own chain.

For a holder this means a few practical things. ORE is an SPL token, so it sits in a token account attached to your Solana address, and that account is created the first time ORE arrives, paid for with a small amount of SOL. Every transfer costs a fraction of a cent, also in SOL, so a wallet with ORE and zero SOL cannot move it. If you mine, the rewards you claim land in the same address you hold from, so the wallet you pick is also where your mining output ends up.

One thing to check before receiving: the protocol has been relaunched since its early days, and the original token still exists on-chain under the same name and ticker. Only the current ORE is what mining pays out and what venues quote. Verify the token you are being sent is the live one, not the retired first version.

Because ORE moves in small, frequent amounts and always needs SOL beside it, a wallet that signs with a tap from the phone and keeps SOL on the same card fits the way this asset is actually used. Supported networks in Tangem (1): Solana. A card that lives in your pocket next to the phone you mine with is about as close to the asset's own rhythm as a hardware wallet gets.