December 23, 2024
#Blockchain

Solana Becomes Champion at Hackathon: That Altcoin Reached the Moon!

The cryptocurrency market is oscillating between red and green today. In this volatile environment, there are those who defy gravity! The native token of the Solana Renaissance Hackathon champion project is one of them. The token doubled its price in a short time.

Ore is the champion of Solana Renaissance Hackathon

The results of Solana’s ninth “Renaissance” hackathon have been announced. More than 8,300 participants submitted 1,071 final projects to the jury. Participants came from 95 countries and regions. They competed in application areas such as infrastructure, gaming, DePIN, DAO, DeFi, etc. As the Grand Champion of this hackathon, the mining project Ore was awarded 50,000 USDC. Ore will now participate in the Breakpoint 2024 conference in Singapore from September 19-21.

The other winning projects below will each receive a 30,000 USDC bonus. Details of the other winning projects are as follows:

  • First place in consumer apps went to Banger, a marketplace that trades X posts and supports creators.
  • First place in the crypto infrastructure space went to 0xhighTPS, which uses efficient scheduling and optimization to increase transaction capacity and block reward revenue.
  • First place in the game category went to Maneko, a mobile game in the electronic pet genre.
  • First place in DeFi & payments went to Urani, a purpose-based swap aggregator offering MEV protection.
  • First place in DePIN went to Blockmesh, an open network that allows users to monetize excess bandwidth.
  • First place in the DAO & community area went to DeTask, an AI product development platform using DAO labor.

ORE price rises more than 100% in 24 hours

The mining project Ore won the championship of the Solana 9th ‘Renaissance’ hackathon. The news saw ORE rise vertically to surpass $250. The token temporarily reached $258.04, an increase of 101.8% in 4 hours. ORE then lost altitude but is still flying high. At the time of writing, the token was trading at $244, up 92% on the day.

ORE daily price chart. Source: CoinMarketCap

Ore is a digital currency that you can mine from anywhere, from your home or your phone. The project uses a new mining protocol designed for fair token distribution. It also guarantees, it claims, that no miner will be deprived of earning rewards. ORE has an algorithmic supply programmed for continuous linear growth. On average, miners around the world mine a new Ore every minute. Ore has no insider token allocation or pre-mined supply.

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