Article Summary, Automatically Generated By AI
About Orenium Protocol
Key Points
- Orenium Protocol is a layer 1 blockchain project with Proof of Authority consensus.
- ORE is the native utility token used for gas fee payment, running validator nodes, and governance votes.
- Orenium Tool building includes Orenium Blockexplorer, Orenium Faucet, and Oredex (a decentralized application).
- Token circulation: 125,000,000 ORE, with 93% for liquidity pair, 2% for exchange supply, 2% for marketing, 2% for reward staking and validator, and 1% for developer.
- Founder and developer: Crhiss Fernando, with expertise in Web3, Security,
Introducing Orenium Protocol: A Pioneering Innovation
Introducing Orenium Protocol (ORE): A Revolutionary Blockchain Solution
Orenium protocol is a pioneering project dedicated to developing a layer 1 blockchain, harnessing the power of Proof of Authority consensus, and fostering a thriving ecosystem for decentralized applications. Our primary focus lies in optimizing performance, ensuring robust security, and promoting sustainability within the digital realm.
Ore is a native utility token that serves a multitude of purposes, including:
- Gas fee payment for transactions executed on the Orenium blockchain
- Operating Validator nodes within the Orenium Blockchain ecosystem
- Essential for participating in governance votes on the Orenium blockchain
The Orenium Tool: A Pioneering Development
- The Orenium Blockexplorer meticulously records blockchain transactions emanating from diverse operational activities.
- The Orenium Faucet serves as a dedicated platform, providing users and developers with testnet coins to facilitate building on the Orenium Testnet network.
- Oredex is a decentralized application that seamlessly supports multichain functionality, empowering users to engage in trading, staking, farming, and bridging operations.
The Circulation of ORE Coin: What’s the Current Figure?
Orenium commenced trading on February 12, 2024, with a token circulation of 125,000,000. The tokenomic distribution is allocated as follows: 93% is reserved for Liquidity Pairs, 2% for Exchange supply, 2% for the marketing team, 2% for Reward staking and Validators, and 1% for the Developer, which is dedicated to research and development purposes.
With a capped total supply of 125,000,000, scarcity is inherently built into the system.
The Visionary Founders and Developers Behind the Orenium Protocol
Orenium Protocol was founded and is spearheaded by Chriss Fernando, who serves as the project’s visionary leader and chief architect. With a wealth of expertise in Web3, security, and blockchain development, Chriss has been instrumental in shaping the Orenium Protocol project.
Chriss is supported by a team of experts, comprising three seasoned professionals in Blockchain and DeFi, hailing from Asia and Europe, as well as a dedicated social media management team of five individuals.
Acquiring ORE Coins: A Guide to Procurement
Ore coin is a tradable asset that leverages the BEP20 network, thereby enabling users to acquire ORE coins on the Pancakeswap platform, paired with WBNB for seamless trading.
Below, you will find the Pancakeswap link to acquire ORE Coin:
-
Explore the PancakeSwap platform at
this link
.