Cryptocurrency attributes
Other attributes
The Open Rights Exchange (ORE) Network — an open-source and decentralized blockchain technology that can manage identities and digital assets, cross-chain. It works cross-chain with Ethereum, Algorand, EOS and more to connect Web 2.0 identities to Web 3.0.
The ORE Network provides a log-in experience for blockchain companies to expand their users and allows non-blockchain companies to start using blockchain and crypto technology, without having to do the heavy lifting.
ORE Token is a digital asset built for identity. It is the native digital asset on the ORE Network—an open-source, permissionless and decentralized blockchain technology that can manage identities and digital assets, cross chain.
Anyone who wants to use the ORE Network has to buy and use ORE Tokens to store data in the registry. Anytime a business creates a new account on the ORE Network for its users, the business needs to purchase ORE Tokens.
This is akin to renting servers in the cloud.
ORE Token offers investors access to ORE NFT Protocol and ORE ID Registry for cross chain keys and referral features.
The ORE NFT standard allows on-chain NFTs to serve as access control for off-chain APIs, allowing developers to offload access control to the blockchain and improve the security of their services. ORE tokens are required to add NFTs to the blockchain.
ORE Token is designed with sustainability in mind. Due to the Delegated Proof of Stake consensus algorithm, ORE Token is inherently green by nature.
ORE tokens are staked to reserve storage space on the network. Anyone who wants to create accounts on chain or add digital assets to the chain needs to stake the correct amount of ORE tokens for the percentage of the chain they intend to use.
