The cryptocurrency market is fluctuating between red and green today. In this wavy environment, there are also those who defy gravity! The local token of the project that won the Solana Rönesans Hackathon is one of them. The token doubled its price in a short time.
Solana became the champion at Rönesans Hackathon
The results of Solana’s ninth “Renaissance” hackathon have been announced. More than 8,300 participants presented 1,071 final projects to the jury in the competition. Participants came from 95 countries and regions. Infrastructure, gaming, DePIN, DAO, DeFi etc. competed in practice areas. Mining project Ore, the Grand Champion of this hackathon, also received the 50,000 USDC prize. Ore will now attend the Breakpoint 2024 conference in Singapore from 19-21 September.
The other winning projects below will each receive a bonus of 30,000 USDC. Details of the other winning projects are as follows:
- First place for consumer apps went to Banger, a marketplace that trades X posts and supports creators.
- The first place in the crypto infrastructure field was won by 0xhighTPS, which uses efficient scheduling and optimization to increase transaction capacity and block reward revenue.
- The first place in the game category went to Maneko, a mobile game in the style of an electronic pet.
- First place in the DeFi & payments space went to Urani, an intent-based exchange aggregator that offers MEV protection.
- First place in the DePIN space went to Blockmesh, an open network that allows users to monetize excess bandwidth.
- First place in the DAO & community field went to DeTask, an artificial intelligence product development platform that uses DAO effort.
ORE price rose more than 100% in 24 hours
Mining project Solana, Ore. won the championship of the 9th ‘Renaissance’ hackathon. Due to the impact of this news, ORE saw a vertical rise to surpass $250. The token temporarily reached $258.04, an increase of 101.8% in 4 hours. Even though ORE later lost altitude, it still continues to fly high. At the time of writing, the token was trading at $244, up 92% on a daily basis.
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, it claims, guarantees that no miner will be deprived of earning rewards. ORE has an algorithmic supply programmed for constant linear growth. On average, miners around the world mine a new Ore every minute. Ore has no internal token allocation or pre-mined supply.
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