What is Oasis Network? Information about ROSE Token

What is Oasis Network? What is special about this project? Is the ROSE Token worth investing in? Let’s explore this together with WiseNews!

What is Oasis Network

Oasis Network is a Layer 1 proof-of-stake decentralized blockchain network that prioritizes security, privacy, and high scalability. It opens the doors for users to take control of their data while reaping the benefits it brings. One of Oasis’s standout features is its security protocols, which give birth to a unique digital asset known as Tokenized Data. This innovation enables users to have dominion over their data and earn rewards through staking.

The Highlights of Oasis Network

Private and Scalable DeFi

Oasis is at the forefront of introducing privacy and scalability to the world of Decentralized Finance (DeFi). It aims to bring DeFi to a wider audience, making it accessible to the masses. Oasis facilitates private smart contracts, high scalability, and data encryption, paving the way for innovative use cases like private lending, collateralized loans, and private Automated Market Makers (AMM).

Data Encryption and Transformation

The Tokenized Data model allows users to earn rewards by staking their data within the platform. Subsequently, the application analyzes or controls the most sensitive information, creating a responsible data economy.

ParaTime Scaling Architecture

Oasis ensures fast transaction speeds, high scalability, and the ability to handle extensive workloads by separating consensus (Consensus Layer) from computation (ParaTime Layer). This groundbreaking approach expands its capabilities and caters to diverse computational requirements.

Oasis Labs Token Insights

Key Metrics

Token Name: Oasis ROSE
Ticker: ROSE
Blockchain: Oasis Blockchain
Explorer: OasisScan
Token type: Utility
Total Supply: Approximately 10,000,000,000 tokens
Circulating Supply: 1,500,000,000 tokens (at launch)

Token Allocation

Oasis Labs initiated a successful Series A funding round in 2018, raising $45 million. Notable participants in this round included a16z, Polychain Capital, Pantera, MetaStable, and several other funds. Oasis sold approximately 2.3 billion ROSE during this event, accounting for 23% of the maximum supply of the Oasis Network.

Token Release Schedule

Token Use Case

ROSE is a native capped supply token used for various purposes:

Token Utility: Employed for transaction fees, staking, or delegation at the Consensus Layer.
Staking Rewards: Distributed to stakers and delegators to secure the network (approximately 2 million tokens).

How to Earn ROSE Tokens

Now, let’s explore how you can earn and own ROSE tokens. You can participate in the ROSE Garden mechanism, which consists of two parts:

ROSE Farm: Acquire ROSE by temporarily depositing USDC/USDT into the ROSE Farm pool.
ROSE Cultivate: Earn ROSE by staking the ROSE obtained from the farm.

To join the ROSE Cultivate program, participants must first engage in the ROSE Farm. The ROSE Garden program on Coinlist is just around the corner, with staking rewards of up to 31.5 million ROSE. All earned ROSE will be unlocked after a 40-day lock-up period.

Roadmap and Recent Updates

In recent days, Oasis has been actively preparing for the transition from Mainnet Beta to Mainnet Production. The eagerly anticipated ROSE Garden program on Coinlist is coming, as previously mentioned.

Team, Investors & Partnership

The Team

Oasis boasts a team of world-class researchers, cybersecurity and cryptography experts, along with privacy advocates who share the vision and mission of Oasis. The founder, Ms. Dawn Song, leads this exceptional team.

The core contributors come from Oasis Labs, a data security technology company, and the Oasis Foundation, a focused organization driving the ecosystem’s development. The team comprises 500 individuals who are testing nodes, building tools, applications, and ParaTimes.

Investors

Prominent venture capital firms support Oasis (ROSE), including:

Partnership Ecosystem

The Oasis ecosystem is depicted below:

Oasis (ROSE) represents a unique convergence of security, privacy, and scalability in the world of blockchain. As it continues to evolve and reach new milestones, Oasis is undoubtedly a project worth keeping an eye on.

Frequently Asked Questions

Q1: What is Oasis (ROSE)? Oasis (ROSE) is a decentralized blockchain network that prioritizes security, privacy, and scalability, empowering users to own and manage their data.

Q2: How can I earn ROSE tokens? You can earn ROSE tokens by participating in the ROSE Garden program, specifically the ROSE Farm and ROSE Cultivate mechanisms.

Q3: What is Tokenized Data in Oasis? Tokenized Data is a unique digital asset within Oasis that allows users to control and monetize their data.

Q4: Can I stake ROSE tokens? Yes, you can stake ROSE tokens for rewards and to secure the Oasis network.

Q5: How can I get started with Oasis (ROSE)? To get started with Oasis (ROSE), explore the Oasis Wallet Guide for information on creating and storing ROSE tokens.

About The Author

Gate of Wise

Gate of Wise empowers you to stay ahead in digital innovation with insightful and accurate news on AI, blockchain, and digital currencies. We also offer smart advertising solutions to seamlessly connect your brand with a tech-savvy and engaged audience.

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