Rêcntly blockchain platforms have continuously released packages to support the development of their ecosystem. In it, one of the platforms that claims to be an alternative blockchain to Ethereum with very low transaction costs is Oasis Network, which has also launched a $160M package.
What is Oasis?
The Oasis Network was designed to be a privacy-preserving platform for open finance, and it uses data responsibly. The base layer of this blockchain is like Ethereum or Bitcoin. However, it has faster speeds up to around 1k transactions per second making its way stronger than most other blockchain platforms.
One of the biggest hurdles for blockchain technology’s adoption is its lack of privacy. The Oasis Network wants to bridge this gap by creating a decentralized data economy with private transactions that are both scalable and secure, which is perfect for powering DeFi applications or expanding open finance.
How does Oasis work?
Oasis Network's PoS consensus algorithm is a new and innovative way to secure the blockchain. The random validator nodes who stake their native tokens (ROSE) earn rewards for committing themselves as part of this system.
The network consists of two main components:
- Consensus Layer: A scalable and secure Delegated Proof-of Stake (DPOS) consensus algorithm run by a decentralized set of validators.
- ParaTime Layer: An environment that hosts many parallel runtimes (ParaTimes), each representing a replicated computation environment with a shared state.
This advanced architecture broadens the scalability of the Oasis Network and also be supportive for intensive computations processed in the platform.
Another outstanding feature of Oasis Network is Tokenized Data. The blockchain enables users and developers to log policies with high integrity while ensuring privacy through confidential computing.
Tokenized data can be utilized by data providers if they stake their data with apps. This way, they can also control how their private data is used by the services in the network. Many reputable projects such as Binance, Chainlink or Balancer have already used Oasis’s Tokenized Data.
With such advanced features in their network, Oasis can offers outstanding tools as a blockchain platform such as:
- Privacy-Enabled Blockchain.
- Scalable, Private DeFi.
- Enables Data Tokenization.
- Rapidly Growing Community.
What is ROSE token?
ROSE is a native capped supply token that is used for the following purposes:
- Token Utility: Used for transaction fees, staking or trusting at Consensus Layer.
- Staking Reward: Pays staking rewards to stakers and delegators to secure the network
Detailed Information About ROSE Token
Key Metrics ROSE
- ROSE Token Metrics
- Token Name: Oasis
- Ticker: ROSE
- Blockchain: Oasis Blockchain
- Explorer: https://www.oasisscan.com/
- Token type: Utility
- Total Supply: ~ 10,000,000,000 token
- Circulating Supply: 1,500,000,000 token
ROSE Token Allocation
The total ROSE tokens are distributed as follows:
ROSE Token Sale & Release Schedule
- Ticker: ROSE
- Token type: Blockchain Platform
- ICO Token Price: 1 ROSE = 0.08 USD
- Total Tokens: 10,000,000,000
- Min/Max Personal Cap: 2000 USDC
- Total Fund Raised: $45,000,000 (from 29 OCT – 18 NOV, 2021).
How to buy ROSE Token
You can buy ROSE on these listed exchanges: Binance, Kucoin, Gate.io
Alternatively, you can use Coin98 Exchange to swap other tokens for ROSE.
Learn more: How to use Coin98 Exchange
How to get ROSE Token
There are number of ways to earn ROSE token such as:
- Earn it by particity in Community challenges or becoming an Oasis Ambassador.
- Earn it by becoming a Validator.
- Earn it by getting a ROSE Grant.
How to store ROSE Token
You can store ZIL on exchanges that listed the token. Coin98 Wallet will update the token as soon as possible.
Roadmaps and Updates
For the first quarter of 2022, Oasis proposed a roadmap to focus on:
- Launching the WebAssembly smart contracts module on the Cipher Mainnet with confidential DeFi apps.
- Launching more DeFi apps on the EVM ParaTime.
- General availability of data tokenization in the Parcel ParaTime.
Team, Investors, and Partners
At the core of the Oasis Foundation is an international team of experts hailing from across Europe, Asia and North America.
Oasis is backed by highly respected and reputed capital ventures in the market including: A16z, Accel, Pantera, Polychain Capital.
The network integrated and partnered with popular projects from different categories to enhance to development of the platform.
Is ROSE a good investment?
This article has provided some of the main ideas related to the ROSE token and its implications. Still, it is important to note that there are a few key points that investors should take into account before making investment decisions:
The Oasis Foundation has created the first steps into creating responsible data society by combining two foundational elements: public tokenized whitepaper with secure computing environments that give users much more control over their own information. In a world where your private information is valuable, the architecture of Oasis Network has a huge potential to up scale in the future.
Launched after only a few days, the project has achieved a huge total value locked up to $180 million. This shows that Oasis is being strongly supported by the community during this period. However, where the ecosystem of Oasis will stand and what will be achieved, we will keep you updated.
$160 Million USD was released in November, 2021, to build the next frontier of DeFi, NFT, Metaverse, Data Tokenization, Data DAO, Data Governance & Privacy Apps on Oasis. This could be the stepping stone for current and new projects on Oasis to accelerate their developments in the future.
You can find similar projects to the Oasis Network in this analysis from Coin98 Analytics.
I hope you have gained all of the important information about ROSE including its features and highlights throughout this topic.
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