ROSE

Cryptocurrency Overview

The Oasis Network (ROSE) is a privacy-focused blockchain platform designed for open finance and a responsible data economy. It's the first of its kind, enabling scalable and private decentralized finance (DeFi) applications.

The Oasis Network is powered by its native ROSE token, used for transaction fees, staking, and governance. With its focus on privacy and scalability, Oasis Network is well-positioned to revolutionize DeFi and the broader blockchain ecosystem.

Introduction to cryptocurrency exchanges

Oasis Network (ROSE) is available on major cryptocurrency exchanges like Binance, KuCoin, Coinbase, and Gate.io. You can also trade ROSE on decentralized exchanges (DEXs) built on the Oasis Network itself, like YuzuSwap.

Mobile trading app for buying cryptocurrencies

You can buy Oasis Network (ROSE) through various mobile trading apps. Popular options include:

Binance: Offers a wide range of cryptocurrencies and features a user-friendly interface.

KuCoin: Known for its diverse selection of altcoins and advanced trading tools.

Coinbase: A beginner-friendly platform with a simple design and educational resources.

Crypto.com: Provides a comprehensive crypto ecosystem with a mobile app for easy trading.

Why it's the best token

Oasis Network is considered one of the best tokens due to its focus on secure and scalable DeFi applications, particularly in the areas of confidential computing and privacy-preserving smart contracts. Its innovative use of zero-knowledge proofs and homomorphic encryption makes it an attractive solution for secure and private transactions, positioning Oasis Network as a leader in the DeFi space.

Token address

The Oasis Network has its native token called ROSE. It exists on multiple blockchains, so it has different contract addresses depending on the network:

Ethereum (ERC-20): 0x2037dF0AdD38e407e9fC6f8658399031548Cd8B3

Binance Smart Chain (BEP-20): 0xdCef29c18E60e62499D242a9E2aC056E5350f164

Oasis Network (native): This is the native ROSE token on its own blockchain, and you can find it in your Oasis wallet.

Token transfer

Transferring ROSE tokens involves different processes depending on where you're sending them.

Between exchanges: Use the withdrawal and deposit functions, ensuring you select the correct network (e.g., ERC-20, BEP-20).

To an Oasis wallet: Use the “deposit” function in your wallet, choosing the correct ParaTime (e.g., Emerald, Sapphire) if applicable.

Between ParaTimes: Use the “ParaTime” tab in the Oasis wallet to transfer between different Oasis networks.

Cryptocurrency wallets

Oasis Network (ROSE) is supported by various wallets, each with its unique features and security levels:

Web Wallets:

ROSE Wallet: The official web wallet developed by the Oasis team, offering a user-friendly interface and basic functionalities like sending, receiving, and staking ROSE.

Ledger Live: While not a dedicated Oasis wallet, Ledger hardware wallets integrate with the ROSE Wallet, providing enhanced security for your ROSE holdings.

Mobile Wallets:

Bitpie: A multi-currency mobile wallet supporting ROSE, available for both iOS and Android devices. It offers a convenient way to manage your ROSE on the go.

Browser Extension Wallets:

MetaMask: A popular Ethereum wallet that can be configured to support the Oasis Emerald ParaTime, allowing you to interact with ROSE and other Oasis-based tokens directly from your browser.

Hardware Wallets:

Ledger Nano S/X: These hardware wallets offer the highest level of security for your ROSE, storing your private keys offline and protecting them from potential online threats.

Cryptocurrency taxation

Taxes on Oasis Network (ROSE) transactions can vary depending on your jurisdiction and the specific type of transaction. Here's a general overview:

Capital Gains Tax:

When you sell ROSE for a profit, you may incur capital gains tax. The tax rate depends on your income level and how long you held the asset (short-term vs. long-term).

If you sell ROSE for a loss, you can offset capital gains from other investments, potentially reducing your tax liability.

Income Tax:

If you earn ROSE through staking, mining, or airdrops, it's typically considered taxable income. The amount is usually based on the fair market value of the ROSE at the time of receipt.

Transaction Fees:

While not a tax, transaction fees on exchanges can add up and affect your overall gains/losses.

Reporting Requirements:

It's crucial to keep accurate records of all your ROSE transactions, including dates, amounts, and values.

Depending on your country, you may need to report your crypto activities on your tax return.

Cryptocurrency security

Oasis Network prioritizes security through several mechanisms:

Decentralization: The network is secured by a decentralized set of validators, making it resistant to single points of failure.

Confidential Computing: Oasis uses secure enclaves to keep data private during processing, enhancing security for sensitive applications like DeFi.

Proof-of-Stake (PoS): The PoS consensus mechanism encourages network participation and security by requiring validators to stake ROSE tokens.

Regular Audits: The Oasis codebase undergoes regular security audits by reputable firms to identify and address vulnerabilities.

Bug Bounty Program: The network incentivizes community members to report security issues through a bug bounty program.

While no blockchain is completely immune to risks, Oasis Network's multi-layered security approach aims to provide a robust and secure environment for users and developers.

Currency login

To access the Oasis Network and its native token, users can log in through their digital wallets. This typically involves creating or connecting an existing wallet, such as MetaMask or Trust Wallet, to the Oasis Network dApp or platform. Users then use their wallet's private keys or seed phrases to authenticate and interact with the network, whether it's sending, receiving, or staking their Oasis Network tokens. The login process is designed to be secure and user-friendly, allowing individuals to manage their Oasis Network assets through their preferred wallet interface.

Supported Payment Methods for Purchasing

You can purchase Oasis Network (ROSE) tokens using various payment methods, depending on the platform you choose:

Centralized Exchanges (CEXs):

Fiat Currency: Most major exchanges like Binance, KuCoin, and Coinbase allow you to buy ROSE directly with fiat currencies like USD, EUR, GBP, etc., using bank transfers, credit/debit cards, or third-party payment providers.

Cryptocurrency: You can also trade other cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) for ROSE on these exchanges.

Decentralized Exchanges (DEXs):

Cryptocurrency: DEXs built on the Oasis Network, such as YuzuSwap, primarily facilitate trading between different cryptocurrencies. You'll need to have another cryptocurrency like ETH or USDT to swap for ROSE.

Third-Party Platforms:

Transak: This platform allows you to buy ROSE directly with fiat currency using various payment methods like credit/debit cards, Apple Pay, Google Pay, and bank transfers.

MoonPay: Similar to Transak, MoonPay enables you to purchase ROSE with fiat using credit/debit cards and other payment options.

Online purchase of USD/USDT

You can buy Oasis Network (ROSE) using USD or USDT on various online platforms:

Centralized Exchanges (CEXs):

Binance.US: Offers ROSE/USD and ROSE/USDT trading pairs.

Kraken: Supports ROSE/USD and ROSE/USDT pairs, with various deposit methods like bank transfers and debit/credit cards.

Gate.io: Provides ROSE/USDT trading with multiple payment options.

Decentralized Exchanges (DEXs):

YuzuSwap: This Oasis-based DEX allows swapping USDT for ROSE.

Buying cryptocurrency with a bank credit card

You have several options for buying Oasis Network (ROSE) using a bank or credit card:

1. Centralized Exchanges (CEXs):

Binance: Allows you to buy ROSE directly with a credit/debit card through their “Buy Crypto” feature. They support various fiat currencies and offer a user-friendly interface.

Coinbase: You can buy ROSE using a debit card or linked bank account on Coinbase. They have a simple interface and are beginner-friendly.

Kraken: Supports buying ROSE with a credit/debit card or bank transfer. They offer a more advanced trading platform for experienced users.

2. Third-Party Payment Providers:

Transak: This platform integrates with various crypto wallets and exchanges, allowing you to buy ROSE directly with a credit/debit card.

MoonPay: Similar to Transak, MoonPay lets you purchase ROSE using a credit/debit card or other payment methods.

Buying with loans/financing

Oasis Network's cryptocurrency can be used for borrowing and lending within the platform's decentralized finance (DeFi) ecosystem. Users can deposit their Oasis tokens as collateral to borrow other cryptocurrencies, or lend their Oasis tokens to earn interest. This allows participants to leverage their Oasis holdings to access liquidity or generate passive income, without the need for traditional financial intermediaries. The borrowing and lending process is facilitated through Oasis Network's smart contracts and decentralized protocols, providing users with greater control and transparency over their crypto assets. However, as with any DeFi activity, users should be aware of the risks involved and conduct their own research before engaging in these types of transactions.

About support for monthly payments of tokens

Oasis Network tokens cannot be purchased through a monthly subscription or payment plan. As a decentralized cryptocurrency, Oasis Network tokens are typically acquired through cryptocurrency exchanges, decentralized platforms, or peer-to-peer transactions. Users would need to have the full amount of Oasis Network tokens they wish to purchase available in their digital wallets or exchange accounts at the time of the transaction. There is no option to spread the purchase out over monthly installments. The acquisition of Oasis Network tokens requires users to have the necessary funds upfront to complete the transaction, in line with the self-custody and decentralized nature of the Oasis Network ecosystem.