Orebit ($ORE)

$ORE is the native utility token of the Orebit ecosystem, designed to bridge the real-world manganese extraction industry with decentralized blockchain infrastructure. It is the foundational asset that enables access to mine pool rewards, governance participation, and real-world use cases linked to manganese production.

As the ecosystem evolves, $ORE will power not only the initial Eagle Mine pool but also all future tokenized mining operations in the ecossystem.

Key Functions of $ORE

Staking for Ore Rewards

Token holders can stake $ORE into specific mine pools to gain proportional access to the manganese extracted from that site. This creates a direct, transparent link between token ownership and real-world production.

Staked $ORE determines each holder’s share of the distribution within each mine pool. After deducting operational costs and reserve retention, the remaining ore is distributed proportionally to $ORE stakers in that pool.

Accepted for Manganese Purchases

$ORE may be used as a form of payment for purchasing manganese from Orebit’s operations, further connecting token holders to real-world utility and enabling adoption within both commodity and crypto markets.