Open Rights Exchange

Overview

The Open Rights Exchange (ORE) Network is a blockchain protocol designed to manage digital identity and access rights across multiple blockchains. The ORE token serves as the native utility token of the network, used for governance, transaction fees, and network operations.

Purpose and Utility

The primary purpose of ORE is to facilitate secure cross-chain identity management and access rights. The token is actively used for: Protocol governance, Network security through staking, Payment of transaction fees on the ORE network, Registration and management of digital identities.

Business Model Analysis

The ORE Network's business model focuses on providing infrastructure for digital identity management, which is a legitimate and halal use case. The platform does not engage in interest-bearing activities or prohibited industries. The revenue model is based on transaction fees and network usage, which involves actual value exchange.

Development and Adoption

The project shows consistent development activity on GitHub and maintains active partnerships with various blockchain projects. The ORE ID solution is being utilized by multiple projects for identity management, demonstrating real-world adoption.

Token Distribution

The token distribution includes allocations for development, ecosystem growth, and community incentives. While there is a significant portion allocated to the team and advisors, these tokens are subject to vesting periods, which helps align long-term incentives.