AMA Recap Crypto Library with ORE Network

                                         

On 17th December 2021, ORENetwork conducted an AMA in the Crypto Library Community. Our guest is Marc Blinder. Lots of questions as usual from the Community about ORENetwork progress. The ORENetwork team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into ORENetwork.

Let’s take a look at the most interesting points of our conversation. 

INTRODUCTION
Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?

Marc (ORENetwork) : I’m the co-founder and CEO at AIKON and a core contributor to the ORE Blockchain. AIKON makes it easier for companies to launch products on public blockchains and ORE is best known for their identity service called ORE ID that connects non-technical people to blockchain apps using Web 2.0 identities and ORE Vault which helps teams manage token treasuries. I ran my first company at 28 years old, a social network called Mobileplay (which he sold to Good Technology) and became Creative Director at Context Optional which sold to Efficient Frontier for $50M. At Efficient Frontier, I set up the social business in EMEA before the company was acquired by Adobe for $400M. And after that I founded Emmerge, which unfortunately was my first failed startup! (They say you learn more from failures than successes and I totally agree!) Since then, I spent the last four years working on Blockchain technology with AIKON and ORE.
FIRST SEGMENT (HOST)
Crypto Library Team : What is ORE Network? And how does it work?

Marc (ORENetwork) : The Open Rights Exchange (ORE) is a blockchain designed to make blockchain easier to use! We’re focused on mass adoption. ORE works cross-chain with Ethereum, Algorand, EOS, WAX, and TELOS already (more chains coming soon!). It connects Web 2.0 identities to Web 3.0 — allowing everyone, everywhere to easily use blockchain technology by logging in with Google, Apple, Facebook, email, etc Ultimately, ORE is the bridge to mass blockchain adoption - Mass adoption should be the number one focus of everyone who believes in blockchain and owns cryptocurrency. When mass adoption happens -- everything that all of us early adopters believed in and worked to create will find the success we all envision. ORE facilitates mass adoption faster.

Crypto Library Team :  Could you tell us about $ORE token and ORE NFTs in more detail!

Marc (ORENetwork) : So the ORE Token is a classic utility token. If a developer wants to store data on the ORE Network, they have to use ORE tokens. If you want to store 10 times as many IDs, you need 10 times as many tokens. Unlike most blokcchians, we allow projects / companies to pay for their users accounts and transaction fees. So it's even easier for a user. They can buy an NFT, and the marketplace, or NFT game can pay all the fees. And unlike other chains we don't have Dapps on ORE. Just IDs, assets and NFTs. This makes it very predictable and efficient for applications. And the Dapps can still live on Ethereum, Algorand, EOS, wherever. Polygon and BSC coming soon!

Crypto Library Team : Please tell us about the UniFarm Staking! how do we get started? And what benefits can we get?

Marc (ORENetwork) : It just launched 30 minutes ago. Unifram is a partner that runs multi-coin staking pools. Which are designed to allow communities to come together. So if someone stakes one token, they get tokens from all of the projects in the pool. You can see ORE in the upper left on the dashboard: 
This whole program is run by unifarm, but it seem slike a really cool approach for spreading awareness, and the ORE Foundation is always looking for ways to decentralize ORE by getting more user sinvolved. That's on BSC. Alliance Block is also running ORE liquidity mining on Ethereum and Polygon. That's at ore.defiterm.io. So there's something for everyone.

Crypto Library Team : Could you give us some information about your roadmap, your milestones, and also your future plans?

Marc (ORENetwork) : So our most important goals for next year are:

1) adding more chains - Solana, Polygon, BSC, BTC, Polkadot, Kusama, etc.
2) adding more NFT features
3) adding DAO functionality

We just rolled out some really cool multisig NFT features with ORE Vault and there's a lot more to come. We're about to announce our first DAO partnership and there's a lot more to do there. DAOs are so important for letting people self-organize and create new projects, but there's really hard ot work with right now. We want to make it easy for average people to interact with DAOs. As I said we're all about mass adoption. Of speaking of which - we have a play to earn NFT game that launched with ORE ID that people might want to try. Red Fox Labs developed it - if you have an android phone, you can see how easy ORE ID is to use:
SECOND SEGMENT (TWITTER)
Crypto Library Team : The Bridge To Mass Blockchain Adoption. The Open Rights Exchange (ORE) blockchain is built for decentralized identities, assets and rights. How can I get my decentralized identity in the protocol, can I do it fr anywhere in the world?

Marc (ORENetwork) : So most people will get their ORE ID by using an app built with ORE, like the Kogs game I mentioned above. You can also go to https://oreid.io to try the experience for yourself and claim an ORE ID for free. But it's more fun to come through an app I think. Either way, the ID is free and works for anyone. And we'll be adding many more apps in the future. the next launch will be Republic.co. Their Note token.

Crypto Library Team : Is it possible to Bridge ore token across other chains?

Marc (ORENetwork) : Yes it is, but I'm really glad to tlak about this, because it confuses people sometimes. We have a bridge from ORE Mainnet to Ethereum. And bridges from Ethereum to Polygon and BSC. Right now each bridge is separate, so you can't go straight form Polygon to BSC yet. The links are here to the official bridges:

Looks like this. So make sure you're looking at the irght link for which bridge you want to use. I know it may be confusing, but it's a decentralized project, so anyone can launch a bridge and we have different partners launching different bridges

Crypto Library Team : What role did AllianceBlock, Republic, and Algorand Foundation have in the development of ORE ID? What benefits does ORE ID bring to the login process? What advantages does it provide for those who want to handle their own keys on the blockchain?

Marc (ORENetwork) : Those are three of our biggest partners. We worked with them extensively and still are working with them. The cryptographers at Algorand gave us suggestions on improving security. Republic gave us feedback on the product as a real user (launching their NOTE tokens with ORE ID). And becuase they're SEC regulated in the US, we had to add additional layers of double wrapped encryption to ensure that regulators viewed it as non-custodial. Alliance block launched our first liquidity mining pools. So really all our partners bringing different ideas to the table and make the overall project better. That's part of why the ORE chain has been live for over 2 years, but we didn't sell tokens at first. We wanted ot fix things and get feedback to make sure it was really useful and had real utility. Oh wait! I almost forgot. If you do want to mabnage your own jeys, you can link OR EID to metamaks, which makes it easy to login, but still keep your keys under your control. You can try it at 
Test it out with metamask - let us know your thoughts!

Crypto Library Team : What is the structure of this project, is it decentralised or a open sourced protocol where everybody can contribute? If so, how does the governance plan on being handled?

Marc (ORENetwork) : The project is ciurrently run by the Open Rights Foundation. It's a non-profit dedicated to driving adoption of the ORE blockchain. I work at AIKON - we work for the foundaiton doing development and marketing work. All the open rights foundation code is open source.
Anyone can contribute there. We especially like getitng help with our ChainJS standard. We're also looking at opening up governance and voting to the public. That will probably come with the DAO tools I talked baout above. 

Crypto Library Team : Several pioneers in the gaming space are turning to ORE Network to meet their needs through AIKON's ORE ID solution, what positive changes in security would this solution bring? To start using ORE ID with an application, do you have to pay an initial fee?

Marc (ORENetwork) : I'll take this in reverse order. First on cost - we have a free package for startups, up to 5,000 users. Beyond that ORE ID costs money but it's pretty reaosnable. And for the users it's free. In terms of security, a lot of the games we're working with would normally have used centralized databaases. Because blockchian NFTs are too hard without ORE ID. So compared ot that, real NFTs are much more secure against hacking. And also lets you take the NFTs out of the game and sell them. Which is great for users. So we think it's a big improvement.
THIRD SEGMENT (LIVE QUESTIONS) 
Crypto Library Team : Please tell about how low is the transaction cost on ORE? and will transaction fees remain low in the future even as transactions increase?

Marc (ORENetwork) : First post! and yes Tx fees on ORE are tiny because it's a delegated proof of stake chain, we can do 5000 transactions per minute without issue, so that shouldn't be an issue. 

Crypto Library Team : If there are two things you want to offer to this DeFi space, what would be the two things that you want to offer?

Marc (ORENetwork) : We just launched Wallet Connect integraiton for ORE Vault - which means it works with all the big DeFi protocols, but I think it's still a little hard to use. I definitely want oto make that easier. We also want to integrate fiat on and off ramps this year. 

Crypto Library Team : Nearly 85% of investors only focus on short-term token price instead of understanding the real value of the project. Can you tell us the motivations and benefits for investors to hold your tokens in the long term?

Marc (ORENetwork) : As I said above, the ORE Token is a utility token - the more people use the ORE Blockchain, the more valuable the token is. People should hold ORE becuase we're building for the long run and we have real partners using ORE ID already - Republic.co, Algomint, RedFox Labs, Alliance Block, etc. etc. We've been working on this for four years - we're here for the long run!

Crypto Library Team : Is it mandatory for a user to have knowledge about blockchain to get benefits from ORE NETWORK project? Do you provide similar chance of benefits for non-professional?‌‌

Marc (ORENetwork) : We're focused on mass adoption - which means making ORE and other blockchians easy for anyone to use. We want all sort sof people to be able to benefit from crypto and defi. But it's also about our partners giving an easy user experience. Which ORE ID is built for. Chek out https://ore.network to learn more.

Crypto Library Team : Do you have AUDIT certificates, or are you working to AUDIT your project, to make it more secure and reliable?

Marc (ORENetwork) : We work with publicly aviable contracts that have been audited. So for example, the ORE ethereum token is built using the Open Zeppelin standard - the most common on ethereum. And we worked with pNetwork for the bridge. They've been audited as well. Everything we do we rely on battle-tested standards. Because being open source and very widely used is even more important than audits. Auditors can miss things, but if 100s of millions of dollars are locked to something, hackers are already trying to get in. There's no perfect security, but we think this is the safest approach of all.

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