SAN FRANCISCO–(BUSINESS WIRE)–Today, the Open Rights Foundation publicly listed the ORE Token through an Initial DEX Offering (IDO) hosted by Occam.fi, Scaleswap and Poolz. The ORE Token is the native digital asset of the Open Rights Exchange (ORE) Network.
Launched in 2018, the Open Rights Exchange (ORE) Network is a blockchain solely focused on decentralized identities, assets and rights — optimized for speed, reliability and environmental sustainability. ORE Network connects Web 2.0 identities such as Facebook, Gmail, SMS and other social media accounts, creating single sign-on solutions for cross-chain interoperability.
The ORE Token powers the ORE Network and any applications built on the ORE Network, like ORE ID.
ORE ID, built in partnership with AIKON — the Open Rights Foundation commercial launch partner — is a universal authentication and authorization platform built to be the bridge to mass adoption of blockchain and cryptocurrencies, with more than 37,000 accounts created, and 445,000 transactions signed.
“Today’s Initial DEX Offering marks a critical milestone on our journey towards a fully decentralized future, as we distribute ORE’s powerful identity management technology directly into hands of developers and the broader blockchain ecosystem,” said AIKON CEO Marc Blinder.
Together with launch partner AIKON, the Open Rights Foundation continues to expand blockchain’s real-world utility through commercial applications, such as its integration with Republic Crypto, the premier regulated securities fundraising platform in the blockchain space.
“The ORE wallet is deeply integrated into our products at Republic, covering assets across multiple chains and NFTs. ORE is an important part of our product roadmap,” said Andrew Durgee, Director of Republic Crypto. “As ORE becomes an essential part of the Republic Crypto product and service offering, we’re excited about the additional momentum and potential the ORE token will drive upon its public release. It will bring the technology to many more hands, leading to new possibilities,” Durgee said.
Apps built on the ORE blockchain are natively cross-chain, with the ability to connect with traditional financial services and DeFi platforms and manage non-fungible tokens (NFTs). ORE’s 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. AIKON recently announced its partnership with Liquiid which enables gamers to easily manage in-game items and NFTs across games and platforms using blockchain technology.
ORE ID customers include Algorand, Meld, AI.Market, Alliance Block, RedFox Labs and more. Today, the Open Rights Exchange Network supports Ethereum, Algorand, EOS, Wax and Telos. Support for Polkadot, Polygon, Binance Smart Chain, Bitcoin, Polkadot and others coming soon.
“Public blockchains and decentralized finance have the power to create a more equitable, open, and radically inclusive financial system for the entire world, not just rich nations. But this dream will never become a reality unless everyone, everywhere can actually use this technology. We’re focused on making blockchain easy and accessible for everyone,” said Blinder.
Tomorrow, October 13, the ORE Token will be listed on Uniswap and Quickswap.
About ORE Foundation
The Open Rights Foundation is a non-profit organization dedicated to supporting the ORE Network community, driving utility for related technologies and the ORE Token.
About AIKON- the Open Rights Foundation’s Launch Partner
Blockchain and crypto are technologically complex. AIKON makes it simple. We’ve built a suite of intuitive products and services built on the Open Rights Exchange for enterprise companies looking to provide a seamless user experience that works cross-chain with Algorand, Ethereum, EOS and more.
The Aikon Leadership Team includes:
- Marc Blinder CEO, a serial entrepreneur with $450M in exits across multiple startups.
- Tray Lewin CTO, led Microsoft as Global Tech Strategist and led as CTO at numerous successful startups including Accenture.
- Bill Ruzitsky CRO, led as Global VP of Bus Dev at Adobe, creating new market-leading products generating $100M+ in incremental revenue.
- Caitlin Abejon VP Marketing, led content and community at Ripple, managing crisis content and messaging.
AIKON Investors
Aikon is Backed by Silicon Valley VCs including Alpha Edison, OVO Fund, and Mighty Capital investors in Airbnb, Amplitude, Digital Ocean.
About the Open Rights Exchange
The Open Rights Exchange is a cross-chain, open-source identity and account protocol that is designed to enable billions of people around the world to use blockchain applications. Users are able to control their identity, assets and rights across various on-chain and off-chain applications with a single universal account—much like Google’s universal sign-in.
The Open Rights Exchange connects Web 2.0 identities to accounts on multiple blockchains, creating single sign-on for cross-chain interoperability.
Open Rights Exchange Milestones
- 37k + accounts created
- 445k + transactions signed
- 177k + ORE Tokens staked
- 5k + transactions per second
- Continuously running for over 2 years without any downtime.