What kind of coin is ROSE? A comprehensive introduction to ROSE coin project in one article

ROSE coin, the native token of the Oasis Network, facilitates transactions, governance, staking, and platform access within a privacy-preserving blockchain ecosystem.

Nov 02, 2024 at 08:57 am

What is ROSE Coin? A Comprehensive Overview of the ROSE Coin Project

1. Introduction

ROSE is a native token of the Oasis Network, a blockchain platform designed to support privacy-preserving applications and data-centric technologies. It facilitates transaction fees, governance participation, and network security on the Oasis ecosystem.

2. Project Overview

a. Objectives:

To empower users with control over their data and privacy
To create a decentralized platform for data-driven innovation
To develop privacy-enhancing tools for blockchain applications

b. Technology:
Oasis Network employs a unique two-layer architecture:

Consensus Layer: Responsible for validating transactions and maintaining the blockchain's integrity.
ParaTime Layer: Allows for the creation of custom, application-specific data solutions with tailored privacy controls.

c. Trust Architecture:
To ensure trust and accountability in the network:

Oasis Ethereum Paratime: Links Oasis to the Ethereum ecosystem, enabling cross-chain transactions and smart contract interactions.
Confidential Transactions: Protects data from unauthorized access through encryption.
Secure Multi-Party Computation (SMPC): Facilitates data processing and analysis while preserving privacy.

3. ROSE Coin Utility

ROSE serves several critical roles within the Oasis ecosystem:

Transaction Fees: Facilitates payments for transactions on the Oasis Network.
Governance: Holders can stake ROSE to participate in governance and vote on network decisions.
Staking: ROSE can be staked to earn rewards while securing the network.
Platform Access: Developers and users require ROSE to deploy and interact with data-driven applications on Oasis.

4. Tokenomics

a. Total Supply: 15 billion ROSE
b. Distribution:

Public Sale: 40%
Foundation and Team: 40%
Ecosystem Development: 10%
Liquidity Reserve: 10%

5. Market Performance

ROSE has been listed on major cryptocurrency exchanges. Its price has been subject to market volatility, but it has shown significant growth potential since its launch.

6. Conclusion

ROSE coin plays a vital role in the Oasis Network ecosystem, enabling data privacy, decentralized governance, and innovative data-driven applications. Its utility and robust technology make ROSE an attractive investment for those seeking exposure to the rapidly growing data economy.

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