What is the issue volume of ROSE coins? An article introduces the application scenarios of ROSE coins

ROSE coins, the native token of the Oasis Network, have a maximum issuance volume of 10 billion, with approximately 2.4 billion in circulation as of August 2023.

Nov 06, 2024 at 01:49 am

1. What is the Issuance Volume of ROSE Coins?

ROSE is the native token of the Oasis Network, a decentralized blockchain platform focused on data confidentiality and computation. The maximum issuance volume of ROSE is 10 billion tokens, and as of August 2023, approximately 2.4 billion ROSE tokens are in circulation.

2. Application Scenarios of ROSE Coins

ROSE coins have various application scenarios within the Oasis Network ecosystem:

Staking: ROSE holders can stake their tokens to become validators and earn rewards for participating in the network's consensus mechanism. Staking also helps secure the network.
Gas Fees: ROSE is used to pay for gas fees associated with transactions and smart contract execution on the Oasis Network.
Governance: ROSE allows holders to participate in network governance by voting on proposals and shaping the future of the platform.
Developer Incentives: Oasis Network provides grants and rewards in ROSE to developers who build and contribute to the ecosystem.
Token Swaps: ROSE can be used to participate in token swaps with other cryptocurrencies on decentralized exchanges within the Oasis Network.
Payment and Transfer: ROSE can be used as a means of payment and value transfer within the Oasis Network ecosystem and beyond.

3. Conclusion

ROSE coins play a vital role in the functioning of the Oasis Network. They are used for various purposes, including staking, gas fees, governance, developer incentives, token swaps, and payments. As the Oasis Network continues to grow and evolve, the demand for ROSE coins is expected to increase, further expanding their utility and value.

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