What is Rose coin used for?

The network uses ROSE as its native coin. The coin is used for staking and delegation in the protocol’s consensus, as well as paying network transaction fees . Its blockchain has two major components. The first one is the consensus layer, which is a scalable and secure algorithm run by a decentralized set of validators.

ROSE is the native token of Oasis Network , which was launched in November 2020. It’s used for paying transaction fees, delegation on the consensus layer and staking by validator nodes. The total supply of ROSE tokens is capped at 10 billion.

How Many Oasis Network (ROSE) Coins Are There in Circulation? The current supply of Oasis Network ROSE is 1.5 billion tokens , with a total supply of 10 billion ROSE.