What is the Oasis Network? Is this Cryptocurrency Project Worth the Investment?
Access to finance has been a huge challenge around the world for years. Centralized financial systems like banks have traditionally underserved a significant percentage of the global population. There is hope however that decentralized finance (DeFi) could help fill this gap. As a result, blockchain projects designed to power the revolution of DeFi are launching more regularly.
Oasis Network is one of these platforms. This privacy-centered blockchain hopes to trigger a DeFi revolution that will enhance open finance through the power of the blockchain. Oasis Network will be the main subject of this post. We will look at what it is, what makes it unique and give you some analytic views of its investment potential.
What is the Oasis Network?
Oasis Network is a layer 1 next-generation blockchain designed for open finance and the data economy. The project sees itself as the first chain with a special focus on privacy as well. The primary goal for Oasis is to provide the requisite infrastructure that will eventually help accelerate the development and deployment of secure, private, and highly secure DeFi protocols.
This will at the end help to promote the mass adoption of DeFi, something that will, in turn, create an open financial system that brings in people who have been traditionally underserved by centralized financial services. But it doesn’t end there.
Oasis is also looking to help people benefit more from their data. The project has introduced a new class of digital assets called “Tokenized Data”. This class of asset simply derives value from individual private data and gives people the power to determine how that data is commercialized in essence, Oasis takes away the power of big tech when it comes to the data economy and gives it back to the people.
Oasis Network – Founders and Backers
Oasis Network has a list of incredible founders and investors fuelling the success of the project. The team cuts across various disciplines including academia, cybersecurity, privacy, and blockchain technology. Nonetheless, Oasis was founded in 2018 by Dawn Song. Song has a lot of experience as a researcher in software development, distributed systems, and the data economy. He has earned a lot of awards in his distinguished career in high-level computer and cybersecurity firms.
In addition to the main founders, there is an established support team of talent drawn from some of the major tech companies in the world. This includes the likes of Amazon, Apple, and others. The list of backers is also quite commendable.
In fact, Andreessen Horowitz is one of the main investors in Oasis. Horowitz is one of the most trusted names in crypto. Other VC firms include Binance, Accel, SevenX Ventures, White Palm Capital, Polychain capital, and a host of others.
Oasis Network – Tokenomics
The native utility, governance, and settlement token for Oasis is the ROSE token. The token has a limited supply. At launch, around 1.5 billion ROSE tokens were available. However, the total token supply is capped at 10 billion. Oasis hopes to release tokens gradually until the cap is reached. The token is also available in some of the leading exchanges in the world.
ROSE is largely used for staking. Oasis is also allowing the token to be used for transaction fees within the ecosystem and for delegation at the consensus layer. However, for stakers, please note that the project is planning to pay out up to 2.3 billion tokens automatically as part of staking rewards. This will account for around 23.5% of the total ROSE circulation.
Token Distribution Summary
The ROSE token will be distributed across various stakeholders of the Oasis network in a gradual schedule. Staking rewards will account for the highest percentage of distributed ROSE tokens. Around 23.5% is earmarked for this. Backers on the other hand are expected to get 23% of the total tokens while strategic partners will get 5%.
The core contributors to the Oasis network are expected to get 20% of the total ROSE tokens while the community and ecosystem will have an allocation of 18.5%. Finally, a foundation endowment allocation of 10% will also be created. Please note that this distribution is not permanent and is subject to change over time.
Vesting Schedule for the ROSE Token
The roadmap will see all the 10 billion ROSE tokens available circulated over 10 years. Other than core contributors, all other stakeholders will get their tokens without any cliff periods. Strategic partners and backers, however , had already received allocations before launch and will continue to do so until their allocation schedule is completed. Core contributors will start receiving tokens after a few months.
As for staking, the parameters of vesting are subject to change time after time. However, the goal is to make sure that over the next 10 years all designated staking rewards are fully issued. ROSE offers staking yields of 20% which decline over time to as low as 2%.
Should you Invest in Oasis Network (ROSE)?
Many attributes make Oasis Network (ROSE) a very promising project. We have picked out some of them here below.
Exciting New Partners
The privacy-centered approach to open finance and data economics that Oasis takes has attracted a lot of big-name partners towards the network. For example, BMW, the giant German car maker, is working with Oasis Labs to enhance what it calls differential privacy in its internal systems. Other notable companies using Oasis include Nebula Genomics, The Binance CryptoSafe Alliance, and so many others.
Also, several projects within Oasis have gone on to achieve a lot of success. A good example is its main DEX called YuzuSwap. After launching early in January 2022, the DEX went on to amass over $100 million in Total Value Locked (TVL) in less than 24 hours. According to Defilama, The TVL has since dropped to $40 million in light of the growing headwinds in the crypto market.
Ecosystem Development Fund
Oasis Network is also sitting on a huge ecosystem development fund estimated to be around $160 million. The fund is designed to help developers and founders continue to build on the success of Oasis in the near and long term. The fund will also be used as a key incentive to encourage new and innovative DeFi projects to come to Oasis.
If you have been following the crypto market in recent months, then you know NFTs are becoming big. Oasis Network also recognizes this and as such, the project has launched its first NFT project called the Oasis AI Rose. Also, Oasis has signed a partnership with a firm called NFTb. The firm helps to facilitate the integration of multichain NFTs and DeFi.
Expanding the Ecosystem
Oasis is also offering a new feature called LaunchGarden. It’s more or less a launchpad that aims to connect developers and the general Oasis community to the ecosystem. The hope is that this launchpad will accelerate new developments that will eventually help expand Oasis.
DeFi is expected to become bigger and bigger in the coming years. While several projects in DeFi hope to take advantage of this boom, Oasis has positioned itself to be the driver of that growth. This makes the project a very strategic investment that could deliver outstanding long-term value. It is something to check out for any investor.
* We hope this information will help you in your investment process, but this is not investment advice. Every investment carries risk, especially in this industry, so DYOR before making a decision.