# Mu Ore $MUO Mu Ore $MUO is the wrapped version of Mu Gold $MUG. It is minted and burned in a 1:1 ratio with Mu Gold $MUG. The Mu Ore $MUO contract will never have more outstanding Mu Ore $MUO than deposited Mu Gold $MUG. As Mu Gold $MUG is deposited to the contract Mu Ore $MUO is minted and sent to the depositor. When a depositor wishes to convert their Mu Ore $MUO back to Mu Gold $MUG, they simply unwrap their Mu Ore $MUO and the contract burns (destroys) that Mu Ore $MUO and returns them back the exact same amount of Mu Gold $MUG. Participants wanting to participate in the MU DAO will need to acquire Mu Gold $MUG and then wrap it to Mu Ore $MUO. After wrapping Mu Gold $MUG into Mu Ore $MUO participants can participate in the MU DAO. Participants can can unwrap their Mu Ore $MUO at anytime they wish on a 1:1 ratio. Meaning if you have 1.8976 $MUO you can convert it back into 1.8976 $MUG at anytime you wish. Rewards and distributions from the MU Ecosystem are only calculated and distributed to the holders of Mu Ore $MUO. Rewards and distributions come in the form of Mu Coin $MU and Mu Gold $MUG, but are only calculated and distributed to those that are holding Mu Ore $MUO. ## Mu Ore Contract Mu Ore Contract Address - 0x561f2209eA45023d796bF42F0402B33bc26610ce {% embed url="" %} ## Mu Ore TOKENOMICS * **Maximum Supply - 100,000 -** Since Mu Ore $MUO is a wrapped version of Mu Gold $MUG there will never be more than 100,000 Mu Ore $MUO * **Liquidity -** Since Mu Ore $MUO is a wrapped version of Mu Gold $MUG there's no real liquidity or liquidity pools by default unless a holder creates one for some reason. This is because Mu Ore $MUO is just Mu Gold $MUG wrapped on a 1:1 ratio. The liquidity is in Mu Gold $MUG. Mu Gold $MUG can be wrapped into Mu Ore $MUO and Mu Ore $MUO can be unwrapped into Mu Gold $MUG at anytime always on a 1:1 ratio. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.mu.money/basics/mu-tokens/mu-ore-usdmuo.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.