What is Oasis (ROSE)? Latest information about ROSE Token

In an era where data has become the most valuable asset, protecting privacy and leveraging data value is becoming a crucial direction for Web3. Oasis Network is a pioneering Layer 1 platform in this field, with the goal of creating a "decentralized internet that is safe and responsible with data". What makes this project special? Let's explore with Allinstation through the article below.

What is Oasis (ROSE)?

Oasis Network is a Layer 1 blockchain using Proof of Stake (PoS) mechanism, designed to optimize data security, high scalability, and support for private smart contracts. Not only supporting traditional DeFi applications, Oasis also opens up the concept of "Tokenized Data", helping users control and profit from their own data.

The project was built by Oasis Labs, established in 2018 and has successfully raised capital from prominent funds such as Andreessen Horowitz (a16z), Accel, and Binance Labs (now Yzi Labs).

How does Oasis (ROSE) work?

Oasis Network applies a two-layer separated architecture:

• Consensus Layer: The main consensus layer, where block validation, staking, and network security occur.
• ParaTime Layer: The execution layer, where transactions and smart contracts are processed. Each ParaTime operates in parallel and independently, increasing performance and customization for different applications.

Oasis also integrates Confidential Compute technology through Trusted Execution Environment (TEE), helping to encrypt data during processing – a unique feature not found in other popular Layer 1 platforms.

Oasis Network Products

Oasis Network has a unique architecture consisting of two main layers: Consensus Layer and ParaTime Layer. On this foundation, the Oasis ecosystem has developed many products focused on privacy, scalability, and user data protection. Here are the core products:

Emerald ParaTime – EVM-Compatible Layer

Emerald is a ParaTime supporting Ethereum Virtual Machine (EVM), allowing developers to easily deploy Ethereum dApps on the Oasis network without modifying the source code.

Highlights:

• Supports Solidity and tools like MetaMask, Truffle.
• Low transaction fees and much faster processing speed compared to Ethereum.
• Compatible with cross-chain bridges like Wormhole, Celer, helping to connect multiple chains.

Emerald is where most DeFi dApps on Oasis are concentrated, such as YuzuSwap, Fountain, ValleySwap...

Cipher ParaTime – Confidential Smart Contract Layer

Cipher is a ParaTime specialized in processing highly secure smart contracts, supporting private data computation using Trusted Execution Environment (TEE) technology.

Typical applications:

• Private personal financial applications (private lending, credit scoring).
• Storage and analysis of sensitive data such as medical and genetic information (notably in collaboration with Genetica).
• Building controllable personal data solutions.

Cipher plays a core role in Oasis's strategy to become a Web3 platform for personal data tokenization.

Parcel SDK

Parcel SDK is a privacy data solution for enterprises, including an SDK toolkit developed by Oasis Labs, allowing businesses to integrate secure data management and access control into Web3 or Web2 applications.

Key features:

• Controlled data storage (access control).
• Tracking data access activities.
• Suitable for industries: healthcare, finance, education, AI.

Parcel has been used in collaborations between Oasis and BMW, Binance, Genetica...

Oasis ROSE Garden & Ecosystem Fund

ROSE Garden is a staking program that encourages the community to hold ROSE to receive rewards, while helping to distribute tokens widely.

Ecosystem Fund worth over $235 million established by major investment funds and Oasis Foundation, supporting:

• Develop new applications on Emerald and Cipher.
• Technical support and marketing for Web3 startup projects.
• Sponsor hackathons, security research, and Web3 AI programs.

Oasis Highlights

• High Privacy: The ability to process secure smart contracts is Oasis's biggest differentiator.
• Tokenized Data: Transform data into stakeable and reward-earning assets.
• Modular Architecture: ParaTime operates in parallel, enabling effective expansion and customization.
• Diverse Partnerships: Oasis collaborates with major projects like Meta (Facebook), BMW, Genetica… in Web3 private data solutions.

Overview of ROSE Token and Tokenomics

Basic Information

• Token Name: Oasis Network
• Ticker: ROSE
• Blockchain: Oasis
• Total Supply: 10,000,000,000 ROSE
• Circulating Supply: 7,385,532,128 ROSE

Token Distribution

• 23.5%: Community & Strategic Partners
• 18.5%: Development Team
• 10%: Reserve Fund
• 23%: Backers
• 18.5%: Token Sale
• 6.5%: Foundation Endowment

Token Release Schedule

Token Utilities

• Staking: Secure the network and receive rewards.
• Transaction Fees: Pay fees when interacting with ParaTime.
• Ecosystem Rewards: For participants in programs like ROSE Garden.

Roadmap

Recent and upcoming goals of Oasis Network include:

• Launch additional privacy and AI-supporting ParaTimes.
• Integrate zk-SNARKs into smart contracts.
• Collaborate with Meta, Genetica, Yzi Labs to expand Web3 data applications.
• Ecosystem growth through Oasis Grants & Ecosystem Fund worth $235 million.

Project Team, Investors, and Partners

Project Team

Oasis Network was developed by Oasis Labs, a technology company based in San Francisco, with a team of leading experts in security, cryptology, blockchain, and software engineering.

• Dawn Song – Founder & CEO of Oasis Labs: Computer Science Professor at UC Berkeley, leading expert in security and artificial intelligence, recipient of MacArthur Fellowship and numerous prestigious scientific research awards.
• Raymond Cheng – CTO: PhD from UC Berkeley, researcher in distributed systems and security. He leads technologies in confidential computing and core development of Cipher ParaTime.
• Christine Moy – Foundation Council Member: Former senior executive at JPMorgan, previously led the bank's blockchain and crypto division, currently guiding strategic development of Web3 and DeFi for Oasis.

Additionally, Oasis's engineering team includes many former employees from Google, Apple, Amazon, and scholars from Stanford, Harvard, MIT…

Investors

On July 9, 2018, Oasis Network completed its Private Token Sale and successfully raised $46 million with a token price of $0.02. This was one of the largest Layer 1 fundraising rounds at the time, attracting participation from top investment funds like a16z (Andreessen Horowitz), Pantera Capital, Binance Labs, Electric Capital, Polychain Capital, Accel, and other strategic investors.

According to ROI data, the ROSE token once reached an ATH ROI of up to 29.75x (+2,875%) and currently has an average ROI of around 1.45x (+44.9%), showing the project once recorded impressive growth and still maintains certain market attractiveness.

Partners

Oasis has established a diverse partner ecosystem in various fields such as personal data, AI, DeFi, gaming, and Web3. Some notable partners:

• Meta (Facebook): Oasis previously collaborated on privacy research in social media user data.
• Genetica: Jointly developing platforms for tokenizing personal genetic data and controlling medical data sharing.
• BMW Group: Using Parcel SDK to build secure data solutions in supply chains.
• Binance: Strategic collaboration through the ROSE Garden program.
• Chainlink: Integrating decentralized oracle to provide data for DeFi on Emerald.

Additionally, Oasis collaborates with many prominent Web3 projects like Wormhole, Celer, YuzuSwap, ValleySwap, Fountain Protocol,…

Summary

Oasis Network is a prominent Layer 1 blockchain platform with a unique architecture that separates consensus and execution layers, supporting privacy, high scalability, and practical applicability. Oasis is building a platform for a decentralized and responsible data economy.

Backed by top investment funds like a16z, Binance Labs (Yzi Labs), Pantera Capital, and strategic partners such as Meta, BMW, Genetica, Oasis is one of the most notable Layer 1 projects in the current market.

Note: The content is for reference and is not investment advice. Always conduct thorough research (DYOR) before making financial decisions.