What is the issuance and circulation of ROSE coins?

Oasis Network's ROSE coins, initially issued in 2020 and with a current total supply of 10 billion, are used for staking, transaction fees, governance, and tokenization within the network.

Nov 02, 2024 at 03:47 pm

Issuance and Circulation of ROSE Coins

1. Initial Issuance

ROSE coins were initially issued on August 3, 2020, as part of the Oasis Network launch. The initial token distribution was as follows:

Oasis Rose Committee (25%): Used to fund the Oasis Protocol and ecosystem development.
Seed Investors (20%): Early investors who supported the Oasis project.
Private Sale (15%): Sold to strategic partners and other investors through a private sale.
Public Sale (15%): Available to the general public through Binance Launchpad.
Team and Advisors (15%): Allocated to the Oasis team and advisors.
Community (10%): Distributed through various community initiatives and bounty programs.

2. Token Generation Events (TGEs)

Oasis Network has held several Token Generation Events (TGEs) since its initial issuance:

TGE 1 (August 3, 2020): Initial issuance of 1.5 billion ROSE coins.
TGE 2 (April 14, 2021): Issuance of 250 million ROSE coins.
TGE 3 (October 5, 2021): Issuance of 125 million ROSE coins.

3. Total Supply and Inflation

The total supply of ROSE coins is currently 10 billion. There is no preset maximum supply. Oasis Network has implemented an inflation rate of approximately 4.5% per year to incentivize node operation and encourage the growth of the ecosystem.

4. Circulation

As of February 28, 2023, approximately 1.9 billion ROSE coins are in circulation. This represents around 19% of the total supply. The majority of the remaining coins are held by the Oasis Foundation and other long-term stakeholders.

5. Use Cases

ROSE coins have several use cases within the Oasis Network:

Staking: Stake ROSE coins to support the network and earn rewards.
Transaction Fees: Pay transaction fees for data storage and computation on the Oasis Network.
Governance: Participate in on-chain governance decision-making by holding and staking ROSE coins.
Tokenization: Use ROSE coins to represent real-world assets or create new digital tokens.

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