ROSE
Reputation Ratings

ROSE

Oasis Network 5-10 years
Website https://oasisprotocol.org/
Browser
OTH RELPs
White Paper
Avg Price
-1.77%
1D

$ 0.12117 USD

$ 0.12117 USD

Market Cap

$ 835.216 million USD

$ 835.216m USD

24h trading volume

$ 65.345 million USD

$ 65.345m USD

7d Vol

$ 405.964 million USD

$ 405.964m USD

Circulating supply

6.7135 billion ROSE

Related information

Issue Time

2020-11-19

Platform pertained to

--

Current price

$0.12117USD

Market Cap

$835.216mUSD

Volume of Transaction

24h

$65.345mUSD

Circulating supply

6.7135bROSE

Volume of Transaction

7d

$405.964mUSD

Change

24h

-1.77%

Number of Markets

137

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Current Rate0

Available

0.00USD

Calculate

Historical Price

Introduction

Markets

3H

0.00%

1D

-1.77%

1W

+5.73%

1M

+56.51%

1Y

+187.73%

All

+236.56%

Aspect Information
Short Name ROSE
Full Name Oasis Network Rose
Founded Year 2019
Main Founders Dawn Song, Raymond Cheng, Fan Zhang
Support Exchanges Binance, BitMart, Latoken, Bkex, MXC.COM
Storage Wallet Metamask, Oasis Wallet, Ledger, Trezor

Overview of ROSE

The Oasis Network Rose, known by its short name ROSE, is a type of cryptocurrency that was founded in 2019. This digital asset was developed by a team led by Dawn Song, Raymond Cheng, and Fan Zhang. ROSE tokens are supported by multiple cryptocurrency exchanges including Binance, BitMart, Latoken, Bkex, and MXC.COM. Its storage is compatible with several wallets including Metamask, Oasis Wallet, Ledger, and Trezor. The ROSE token operates within a privacy-enabled blockchain platform designed for open finance and a responsible data economy.

Cover

Pros and Cons

Pros Cons
Privacy-focused design Relatively new, hence less track record
Strong team of founders Competitive market with similar tokens
Support from multiple exchanges Dependent on third-party wallets for storage
Potential for open finance applications Adaptation and acceptance in the market

Pros of ROSE token:

1. Privacy-focused Design: Oasis Network Rose, or ROSE, is built with a strong focus on privacy. This means the design of the system intends to provide users with control over their data and ensure that transactions are secure and private. This is a significant advantage for users who prioritize data security and confidentiality in their digital transactions.

2. Strong Founding Team: The creation of ROSE is attributed to a team of co-founders with strong credentials - Dawn Song, Raymond Cheng, and Fan Zhang. Their combined knowledge and experience in their respective fields bring credibility to ROSE, potentially accelerating the development and influence of this cryptocurrency.

3. Support from Multiple Exchanges: ROSE is recognized and supported by several well-known crypto exchanges, including Binance, BitMart, Latoken, Bkex, and MXC.COM. This wide range of support means that it is accessible to a large user base, which could enhance its liquidity.

4. Potential for Open Finance Applications: The ROSE token intends to cater to the open finance, or DeFi (decentralized finance) market. This market sector has seen rapid growth and could provide significant opportunities for the ROSE token.

Cons of ROSE token:

1. Relatively New, Hence Less Track Record: Having been founded in 2019, ROSE is a relatively new cryptocurrency. This means it lacks a long-term track record that potential users and investors could use to assess its performance and trustworthiness.

2. Competitive Market with Similar Tokens: The cryptocurrency market is highly competitive, with many tokens offering similar features and targeted at similar user bases. ROSE will need to continuously distinguish itself amidst this competition.

3. Dependent on Third-party Wallets for Storage: ROSE tokens need to be stored in third-party wallets such as Metamask, Oasis Wallet, Ledger, and Trezor. This dependency means that users need to trust another product for the security of their ROSE tokens.

4. Adaptation and Acceptance in the Market: Like any new digital product, ROSE faces the challenge of adaptation and acceptance by potential users and investors. Its success largely depends on how quickly and broadly it is adopted within the crypto market.

What Makes ROSE Unique?

The ROSE token, native to the Oasis Network, embodies its key innovation of integrating privacy and scalability into a single, versatile platform. The Oasis Network's distinctive layered architecture divides the blockchain into a consensus layer and a computation layer. This division enables the network to process high volumes of complex computations without compromising the speed and safety of the consensus.

Privacy-enhancing techniques, such as secure multiparty computation and zero-knowledge proofs, are integral features of the Oasis Network, offering a unique approach towards privacy. By allowing data to remain confidential and giving users the control over their data, ROSE differentiates itself in the crowded cryptocurrency space.

However, while the privacy-oriented design is an advancement, it's important to note that ROSE is not alone in this endeavor. Other cryptocurrencies like Monero and ZCash also prioritize security and privacy, and likewise have their unique ways of achieving these aims. Thus, while ROSE does introduce a number of innovative concepts, it exists within a broader cryptographic landscape that includes many projects with similar goals.

Additionally, ROSE is focused on accessibility and support for decentralized finance (DeFi) and open finance applications. Though this is a trend seen in multiple blockchain projects, the extent to which Oasis can scale and maintain their privacy standards could set them apart.

what makes oasis unique

How Does ROSE Work?

Rose is a decentralized oracle protocol that provides reliable and tamper-proof data to smart contracts. It works by using a network of validators to collect and verify data from the real world. This data can then be used by smart contracts to trigger events, make payments, or execute other actions.

Rose uses a unique consensus mechanism called Proof-of-Accuracy (PoA) to ensure that the data it provides is accurate and reliable. In PoA, validators are rewarded for providing accurate data and penalized for providing inaccurate data. This creates a strong incentive for validators to provide the highest quality data possible.

Rose is still under development, but it has already been integrated with a number of popular smart contract platforms, including Ethereum, Solana, and Polygon. This makes it easy for developers to build applications that use reliable and tamper-proof data from the real world.

Circulation of ROSE

Rose is the native token of the Oasis Network, a decentralized oracle protocol that provides reliable and tamper-proof data to smart contracts. The total circulating supply of Rose is currently 2.5 billion tokens, with a mining cap of 10 billion tokens.

Rose is used to pay for transaction fees, stake for rewards, and participate in governance. The price of Rose has fluctuated significantly since its launch in September 2020, reaching an all-time high of $1.29 in March 2021 and falling to its current price of $0.12.

Exchanges to Buy ROSE

1. Binance: As one of the world's largest cryptocurrency exchanges, Binance offers trading pairs for ROSE with cryptocurrencies such as Bitcoin (BTC), Binance Coin (BNB), and Tether (USDT).

2. KuCoin: This global cryptocurrency exchange supports ROSE token with pairs like ROSE/BTC, ROSE/ETH (Ethereum), and ROSE/USDT.

3. OKEx: For those wanting to trade ROSE, they can do so on OKEx through pairs such as ROSE/USDT and ROSE/BTC.

4. Coinone: Based in South Korea, Coinone provides support for ROSE as well, offering a ROSE/KRW (Korean won) trading pair.

5. Huobi Global: It offers a platform for users to trade ROSE token, supporting pairs like ROSE/USDT, ROSE/BTC, and ROSE/ETH.

6. Bithumb: This is another South Korean digital asset trading platform where users can trade ROSE against KRW.

7. Gate.io: This is a digital asset exchange that offers ROSE/USDT trading pair.

8. MEXC Exchange: This platform offers ROSE/USDT trading pair for the users wanting to trade ROSE token.

9. BitMart: This cryptocurrency exchange supports ROSE token by offering ROSE/USDT trading pair.

10. Poloniex: This US-based cryptocurrency exchange supports ROSE and offers trading pair of ROSE/USDT for ROSE token.

Please note that the currency pairs and token pairs may vary or change over time, so always check the specific exchange platform for the most accurate and current trading pairs.

How to Store ROSE?

ROSE tokens can be stored in a range of cryptocurrency wallets. These wallets are essentially software applications that allow users to securely store, manage, and transact with their digital assets like ROSE tokens.

1. Metamask: This is a software cryptocurrency wallet used for storing, managing, and transacting ERC-20 tokens (tokens based on the Ethereum blockchain, which includes ROSE). Metamask is primarily a browser extension but also offers features on mobile. It enables interaction with decentralized applications (dApps) right from the browser.

2. Oasis Wallet: It is a bespoke wallet catered specifically for the Oasis Network. Users can interact directly with the Oasis blockchain, creating, storing, and managing their ROSE tokens.

3. Ledger: Ledger provides a hardware-based wallet solution. Hardware wallets are physical devices that securely store user's private keys offline. Ledger supports a wide array of cryptocurrencies, including ROSE tokens. They are historically considered a very safe option as they are immune to online attacks due to their offline nature.

4. Trezor: Like Ledger, Trezor is also a hardware wallet that stores digital assets offline, ensuring high security. It supports multiple cryptocurrencies and is also capable of storing ROSE tokens.

It is important to ensure that these wallets are downloaded or purchased from official sources to avoid the risk of fraud or hacking. Always remember to keep the private keys safe and do not share them with anyone, as the keys grant full access and control of the assets in the wallet. Furthermore, please note that the usage of a wallet may require a certain level of technical understanding.

wallets

Should You Buy ROSE?

ROSE tokens, being part of the Oasis Network, can appeal to various types of individuals, depending largely on their investment or usage objectives. This includes:

1. Privacy Advocates: Considering ROSE's strong focus on data privacy, it may appeal to users who prioritize confidentiality in their digital transactions.

2. DeFi Enthusiasts: With ROSE's focus on the open finance (DeFi) market, those interested in decentralized finance applications might find this token beneficial.

3. Early Adopters: Those interested in relatively new cryptocurrencies with potentially innovative features might be intrigued by ROSE. Such investors should have a tolerance for high risk as emerging cryptocurrencies can be volatile and unpredictable.

4. Developers: Given the Oasis Network's multi-runtime (ParaTime) setup, developers aiming to customize their ParaTimes for specific applications may find ROSE useful.

Before deciding to invest in any cryptocurrency, including ROSE, it's essential to:

a. Complete Thorough Research: Understand the fundamentals, operating principles, and objectives of ROSE. Delve into their whitepaper, updates, and roadmap to comprehend their vision.

b. Evaluate Volatility: Crypto-assets are typically volatile. Prices can dramatically increase or decrease in short periods. Investors should be prepared for substantial value fluctuations.

c. Understand Security Aspects: Investors need to ensure secure storage for their tokens. Familiarity with digital wallets and private key management is essential.

d. Consult Professionals: Crypto-investing can come with financial and legal implications. Consulting with financial advisors or legal professionals knowledgeable in cryptocurrency may be beneficial.

e. Regularly Monitor Market: Cryptocurrency markets can change rapidly. Regular vigilance is required to stay updated on the latest trends and developments.

Remember that all investments carry risk, and it's crucial to invest only what you're prepared to lose. Diversification across multiple investment types can also be a practical risk mitigation strategy.

Conclusion

ROSE, the native token of the Oasis Network, is a relatively young player in the cryptocurrency market, founded in 2019. The token was architects with a strong ethos of privacy and scalability and has aimed to distinguish itself through its unique two-layered blockchain structure, which can process high volumes of complex computations without compromising speed and safety. The token's underlying technology allows users to maintain data confidentiality while also enabling computations over it, offering a unique approach toward user privacy.

On the aspect of growth, ROSE has potential market opportunities especially in the fields of open (decentralized) finance due to its strong privacy focus and tech innovations. However, as with all cryptocurrencies, it also faces challenges such as market acceptance, compliance with varying legal regulations, and stiff competition from other privacy-focused tokens.

As for whether ROSE will appreciate in value or be profitable, it's important to remember that the cryptocurrency market is notoriously volatile. It's influenced by various factors including market trends, investor sentiments, technological advancements, regulatory decisions, market adoption rate, and the overall economic environment. Therefore, predicting the future performance of any cryptocurrency, including ROSE, can be extremely difficult and uncertain.

Potential investors should practice due diligence, perform their own in-depth research, take into account their own financial circumstances, risk appetite, and ideally seek advice from financial advisors before making investment decisions.

FAQs

Q: What makes the ROSE token unique when compared to other cryptocurrencies?

A: ROSE is unique for its privacy-centered design and two-layer blockchain structure that allows for scalable computations and privacy-secured transactions in the Oasis Network.

Q: How does one safely store ROSE tokens?

A: ROSE tokens can be stored securely using various software and hardware wallets such as Metamask, Oasis Wallet, Ledger and Trezor.

Q: Who are the ideal prospective users or investors of the ROSE token?

A: Prospective users of ROSE could include privacy advocates, DeFi enthusiasts, early adopters of new cryptos, and developers interested in custom runtime creation.

Q: What considerations should be taken into account when investing in ROSE?

A: Potential investors should thoroughly research the token, understand its principles, consult financial advisors, and be prepared for price volatility when investing in ROSE.

Q: Can it be predicted with certainty whether the price of ROSE will appreciate?

A: Due to the volatile nature of the cryptocurrency market influenced by various factors, predicting the specific future performance of the ROSE token with certainty is not feasible.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

User Reviews

More

13 ratings

Participate in evaluation
Scarletc
I would not say that oasis network(ROSE) is a good investment. But I like the concept of Rose coin.
2023-11-06 22:07
4
leofrost
In my personal review of Oasis Network's native token, ROSE, I find its focus on privacy and scalability intriguing. Oasis Network aims to provide a platform for privacy-preserving applications and data ownership. The combination of a unique consensus mechanism, ParaTime architecture, and privacy features contribute to the distinctiveness of ROSE. Monitoring developments, partnerships, and the adoption of privacy-centric applications on the Oasis Network can offer valuable insights into ROSE's ongoing impact
2023-11-29 06:42
1
Dory724
ROSE emphasizes privacy and scalability. It's in a competitive space but has potential. Success depends on attracting developers and fostering a robust ecosystem.
2023-11-28 18:15
2
Doubel Jay
ROSE exchange has a quite tidy user interface, simplifying trading for us. However security could be improved!
2023-10-05 05:17
6
Xiiao Xiao
The liquidity of ROSE coin is very good, and the transaction costs are also very low, which is very beneficial for us traders. Moreover, their technological innovation and user interface are excellent, making it very convenient to use. I am very optimistic about the future potential of ROSE!
2024-05-24 06:25
4
AAAAA78653
The price volatility of ROSE coin is very high, which gives investors the opportunity to make significant profits. At the same time, it has a large amount of liquidity, with many channels for funds circulation.
2024-02-28 09:20
2
ꧾꧾ
ROSE has innovative technology that supports multiple platform exchanges. It promises a lot for the future!
2024-01-28 23:09
9
Jenny8248
It is Known for its focus on scalability and privacy features, ROSE facilitates secure and private transactions within its ecosystem.
2023-11-20 19:57
9
FX1122467909
As a digital currency enthusiast, I rate ROSE exchange very highly. The user interface design is very intuitive and easy to operate. The trading liquidity is very high, and the super-fast withdrawal and deposit speeds also meet my needs. Really had a viral moment of satisfaction!
2023-10-12 11:36
7
taro431
ROSE exchange has a quite tidy user interface, simplifying trading for us. However security could be improved!
2023-11-24 12:10
8
JacksonVC
rose is moon 🚀🚀🚀🚀
2022-10-24 21:27
0
as4134
good for long term invest
2022-10-26 22:51
0
alca
$ROSE 🚀🚀
2022-10-24 19:12
0

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