What is the rose coin used for?

A notable aspect of the ROSE token's distribution is its capped supply, set at 10 billion tokens. This limit ensures scarcity, a fundamental principle of economics that drives value appreciation over time. By limiting the total supply, the Oasis Network aims to maintain the token's long-term stability and appeal to investors.

The ROSE token serves a pivotal role within the Oasis Network's consensus layer, facilitating key functions such as staking and delegation. This digital asset also acts as a medium for transaction fees, ensuring the smooth functioning of the network.

Staking involves locking up ROSE tokens to support the network's operations and security, rewarding participants with incentives. Delegation, on the other hand, allows users to entrust their tokens to validators, enabling them to contribute to the network's consensus process without directly running a node.

The ROSE token's utilization within the Oasis blockchain's consensus layer underscores its importance in maintaining the network's integrity and facilitating seamless transactions. Its design supports the decentralization and security principles inherent in blockchain technology.

The Oasis Network's choice to cap the ROSE token supply at 10 billion underscores their commitment to creating a sustainable and predictable economic model. This decision aligns with best practices in the cryptocurrency space, where a finite supply often leads to increased demand and, consequently, higher prices.