Oasis Network - $ROSE, Asset Review
General Information-What is Oasis Network?
Oasis Network Background
Oasis Network Funding/Collaboration
Token Information-Tokenomics
Staking
Additional Information-
What Next?
Technical Analysis
Conclusion
General Information-
1. What is Oasis Network?
Oasis Network is a layer-1 blockchain that aims to lead the industry in powering a privacy-enabled web3 economy. The goal of the Oasis Network is to bridge the gap between privacy and scalability to Decentralized Finance(DeFi). Oasis Network utilizes a private function that keeps smart contracts, while being highly scalable, and tokenizes data. This will allow for new use cases like private lending, undercollateralized loans, and private automated market makers. This is especially important because it may solve issues like flash loan exploits in DeFi that lead to hundreds of millions of dollars in hacks. Oasis Network also uses a “ParaTime” layer which is separated from the consensus layer to make sure the network doesn’t slow down from an oversized workload(transactions).
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2. Oasis Network Background
Oasis Labs, Inc. is a project based out of San Francisco and was founded by Dawn Song in 2018. While she is the founder of Oasis Labs, she is also a professor in the Department of Electrical Engineering and Computer Science at the University of California at Berkeley. She is also well known for being the most cited scholar in computer security(AMiner Award). She was also recognized for her contributions to computer security with awards from Guggenheim Fellowship, MIT Technology Review TR-35 Award, the Faculty Research Award from IBM, Google, Best Paper Awards from top conferences in Computer Security and Deep Learning, and many prestigious technology companies. Dawn has a strong background in computer security with many accolades which gives me strong confidence in the Oasis Network putting security first.
3. Oasis Network Funding/Collaboration
Oasis Labs held a private sale in July 2018 raising a total of 45 million dollars according to Messari.io which may be found here. We will go over the tokenomics in the next section. Oasis Labs has prominent investors like a16z crypto, 1kx, Binance Labs, Dragonfly Capital, Huobi Capital, Pantera Capital, Winklevoss Capital, Electric Capital, Arrington XRP Capital, and many more. The amount of entities that have invested in Oasis Labs is staggering and gives me a feeling that they are extremely bullish on the potential of Oasis. Oasis Labs has some cutting-edge customers and their use cases continue to thrive as we will cover two of them. Most recently, Oasis Labs has partnered with Equifax to power on-chain KYC solutions for the Web3 Economy. They also partnered with Meta AI to assess fairness for its AI Models. As you can see both partnerships are different but rely on privacy which is the core of Oasis’s mission. Take a look at the case studies, and partners/customers below!
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Token Information-
Tokenomics
$ROSE is the native token for the Oasis Network. Currently, the circulating supply is 5,029,357,184 with a max capped supply of 10,000,000,000 tokens according to Coingecko. The token $ROSE is used for staking, delegating, and transaction fees. During the private sale of Oasis Labs, 23% (2.3 billion tokens) were sold to Venture Capitalists in 2018. 23.5% is attributed to stakers, 5% is allocated to partners & reserves, 10% is for foundation endowment, 18.5% is attributed to the ecosystem, and 20% is attributed to the core contributors. The supply schedule is measured over a 10-year schedule which may be found below alongside the token distribution. The transparency of the Oasis Network is commendable and it shows that they have nothing to hide. The full tokenomics report may be found here.
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2. Staking
$ROSE token holders may contribute to the network by staking. Staking rewards vary but according to Stakingrewards.com, it is 10.21%. There is a 13-day lock-up period with a minimum staking amount of 100 $ROSE tokens. It is also important to note that the staking rewards diminish as the network matures. Another key component is that 54.32% of $ROSE holders are staking their tokens which is a healthy sign. Oasis also has plans to pursue on-chain governance which is yet to be announced.
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Additional Information-
1. What’s Next?
Oasis Foundation recently announced a $200M Development fund per Cointelegraph. This fund will help support founders and entrepreneurs who build on the Oasis Network via grants. Oasis Foundation wishes to attract minds that wish to build the future of decentralized applications that support DeFi, NFTs, data tokenizations, and the Metaverse. The foundation received support from several leading blockchain venture funds including Binance Labs, Hashed, AME cloud ventures, Dragonfly Capital Partners, Pantera Capital, and others. The support from firms to help build out the development fund makes me bullish because the use cases will unlock more potential for the overall ecosystem.
2. Technical Analysis
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$ROSE has had a good run from $.03 all the way to $.60 yielding ~20x+ returns. Ever since $ROSE hit all-time highs, we have seen the price fall towards a high time frame demand zone (green box) that is acting as a support region. Price is likely to consolidate in the green box before making a new move. The way the correction subdivides will give hints on how the next move plays out. Bottom structures typically take a long time to form and reverse when the bears are exhausted, so it’s best to stay patient for a clear structure. However, at the moment it looks like the RSI is coiling upwards as the price is consolidating as strength is being found. This is a strong indication a move is going to play out soon. In my opinion* this area is not a bad area to dollar-cost-average into $ROSE.
Conclusion
I without a doubt believe the Oasis team is set up to do wonders in the future. By putting privacy first as we head into a world of DeFi, Oasis Network is positioned to do incredible things. Oasis has attracted high-quality venture capitalists and reeled in high-profile partnerships. This is not your normal naming rights partnership for advertisements. Oasis Network is working with one of three credit bureaus. I want to run that point home, because that is not light at all and it shows that they are doing something right. They also have a grant open which incentivizes more decentralized applications to get built on their network. We are in a world where we are watching constant government overreach, constant propaganda and need DeFi to level the overreach back to a level playing field. After learning about Oasis Network, I am extremely bullish on what they will accomplish in the coming years, however it doesn’t mean it's correlated to the value of $ROSE.