🛕OG Mine

Giver of the Realm of OGs

Established by Mad OG

Mad OG established OG Mine as the giver of value in the Realm. Specifically, OG Mine oversees the flow of $OGG into the Realm.

OG Mine was created to be accessible to all OGs.

Initial Funding

OG Bank securely transferred nearly all the remaining supply of $OGG to OG Mine (600m $OGG) for distribution within the Realm, except for 10% of $OGG, which OG Bank retained.

Mine Operations

Understanding the OG Mine operation is critical to knowing how $OGG flows into the Realm as the source of all value.

$OGG Emissions

OG Mine emits 1% of its remaining $OGG balance each epoch (24 hours), thus, the rate of $OGG emitted decreases continuously.

However, there is no end date for OG Mine's emissions as the balance can never reach 0 $OGG.

Mining $OGG

OGs can mine $OGG each epoch by visiting OG Mine:

https://mine.ogrealm.xyz

Mining Fees

OGs can mine once per epoch by paying the mining fee in either SOL or $OGC.

Difficulty Curve

Mining fees (difficulty) increase with each new miner during an epoch. Mining difficulty is reset each epoch.

Replenishing the Mine

Mining Fees

All collected mining fees are utilized by the Repurchase Program to buy $OGG back from the open market. Repurchased $OGG is deposited back into OG Mine, ultimately functioning to replenish OG Mine.

Unclaimed $OGG

Additionally, $OGG mined but not claimed within 10 epochs is returned to OG Mine, further contributing to the replenishment function of OG Mine.

A Gift from Mad OG

$OGG represents the scarce reserves of the Realm, ever decreasing over the Realm’s lifetime. Thus, OG Mine is a central function of the entire Realm, a gift from Mad OG from which the Realm’s value flows to OGs.