What is Oasis Network (ROSE)?

Oasis Network is a privacy-focused layer-1 blockchain network that combines high throughput and low gas fees to serve Web3, DeFi, NFT, Metaverse, Data tokenization, and Data DAO projects. ROSE is the primary token of the Oasis network, fueling the transactions, staking, and delegation involved in its proof-of-stake (PoS) consensus layer.

The development of the Oasis network began in 2018 with the establishment of Oasis Labs by Dawn Song, a professor at the University of California and a team of leading blockchain engineers. The network first released its native token, ROSE, through a private sale in July 2018. The token went public two years later, in November 2020, after the Oasis mainnet went live.

ROSE has a capped total supply of 10 billion, with a distribution division of 23.5% for staking rewards, 23% for its private sale, 5% for strategic partners and reserves, 18.5% for the community, 10% for foundation endowment and 20% for core contributors.

How Does Oasis Network (ROSE) Work?

Oasis network is leading the path of layer-1 scalable and privacy-enabled blockchains by separating consensus and execution layers, allowing it to process multiple transactions in parallel. This setup involves two main components- the Consensus layer and the ParaTime layer. The consensus layer runs on a scalable and secure Tendermint BFT (Byzantine Fault Tolerance) version of proof-of-stake protocols, and the execution layer, also known as the ParaTime layer, hosts multiple parallel runtimes (ParaTimes) with replicated computer environments. This ParaTime layer also allows everyone to develop and build their own ParaTime to meet the needs of specific dApp while maintaining privacy and decentralization. Furthermore, Oasis uses a sophisticated discrepancy detection algorithm to become more efficient than other similar blockchain scalability solutions like Sharding and Parachains.

The native token of the Oasis network, ROSE, powers the PoS consensus layer. ROSE holders become network nodes and participate in the consensus committee to earn staking rewards. Additionally, the transaction fee for value exchange on the Oasis network is also payable in the ROSE token.The minimum staking quantity for ROSE on the Oasis network is 100 tokens per entity.

How to Buy Oasis Network (ROSE) in India?

There are many platforms where you can invest and Buy Oasis Network (ROSE) in India.

One such platform is Flitpay. To buy ROSE in INR, you have to sign up to Flitpay, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, ensure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy ROSE and execute the purchase.

You can instantly convert your INR to ROSE and ROSE to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

What to Do After Buying Oasis Network (ROSE)?

ROSE can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY. You can also hold the ROSE till it reaches a high price, and then you can sell it through Flitpay's OTC order facility. Users can earn significant profits from buying it at a lower price and selling it at a higher price.

FAQs

What is Oasis Network (ROSE)?

ROSE is the native token of the Oasis network. It is used to pay transaction fees and participate in staking and delegation in the Oasis Network's consensus layer. Its supply is capped at 10 billion ROSE.

What is the Oasis Network (ROSE) price in India?

Check out the current INR price of ROSE crypto in India on Flitpay.

Which is the best crypto exchange in India to buy ROSE?

Flitpay is the best crypto exchange in India to buy ROSE, buy bitcoin, or your favourite cryptocurrencies. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

What are the benefits of Oasis Network (ROSE)?

Oasis Network aims to solve the existing privacy issues in the blockchain space while providing high scalability and security through separated consensus and execution layers. Its execution layer can process multiple transactions in parallel with low gas fees, making it ideal for Web3, DeFi, and NFT projects. This dynamic Oasis network has multiple use cases for its native token, ROSE, making it an important token in the crypto space.

Is it safe to invest in Oasis Network (ROSE) in India?

Yes, investing and trading ROSE is Safe in India. Flitpay is one of India's most secure cryptocurrency exchanges for buying ROSE crypto. It offers real-time prices and advanced investing features.

Where can I deposit and withdraw Oasis Network (ROSE) crypto in India?

Your search for secure and instant crypto deposits and withdrawals ends here.Flitpay is India's most trusted exchange to facilitate hassle free and Instant deposits and withdrawals of all the top cryptocurrencies with minimal or no fees.