Understand the issuance price and total issuance of ROSE coins in one article

The issuance price of ROSE coins was set at $0.05 during the initial coin offering (ICO) held in June 2020 to raise funds for the development of the Oasis Network.

Nov 03, 2024 at 05:22 am

Understanding the Issuance Price and Total Issuance of ROSE Coins

1. Issuance Price

The issuance price of ROSE coins was $0.05 per coin during the initial coin offering (ICO) held in June 2020. This price was established to raise funds for the development and growth of the Oasis Network.

2. Total Issuance

The total supply of ROSE coins is capped at 10 billion. However, not all of these coins were issued during the ICO. The remaining coins are released through various mechanisms, including staking rewards, project grants, and marketing initiatives.

3. Distribution of Issued Coins

The distribution of ROSE coins issued during the ICO was as follows:

• Founders: 25%
• Investors: 50%
• Company Reserve: 15%
• Community Rewards: 10%

4. Current Price

As of [insert current date], the market price of ROSE coins is [insert current price]. This price fluctuates based on supply and demand in the cryptocurrency market.

5. Staking Rewards

ROSE coin holders can earn staking rewards by delegating their coins to validators on the Oasis Network. The current annual percentage yield (APY) for staking is approximately 10%.

6. Future Issuance

While the total issuance of ROSE coins is fixed at 10 billion, future issuances of coins may occur to fund specific projects or initiatives. However, any such issuance must be approved by the Oasis Network community through governance processes.