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One article to understand what ROSE coins are and which country ROSE coins are from
ROSE coins, native to the UK-based Oasis Network, facilitate transactions, enable staking rewards, and empower holders with governance capabilities within the privacy-focused blockchain ecosystem.
Oct 31, 2024 at 04:40 pm
Understanding ROSE Coins: Unraveling the National Origin
1. Origins of ROSE Coins
ROSE coins are a type of cryptocurrency native to the Oasis Network, a privacy-centric blockchain platform. The Oasis Network was founded in 2018 and is based in the United Kingdom.
2. Characteristics of ROSE Coins
ROSE coins are used for a variety of purposes within the Oasis Network, including:
- Transaction fees: ROSE coins are required to pay transaction fees on the Oasis Network.
- Staking: ROSE coins can be staked to support the network's security and earn rewards.
- Governance: ROSE coin holders can participate in governance decisions within the Oasis Network.
3. Supply and Distribution
The total supply of ROSE coins is capped at 10 billion. Approximately 50% of the coins were distributed to early investors and contributors through a token sale. The remaining coins will be gradually released over time through mining and other mechanisms.
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