Digital asset platform CoinList reports that it has facilitated the distribution of Oasis Network’s Rose token tied to the ROSE Garden. Coinlist states that it has added more than 6,700 new Oasis token holders to the network in just three weeks.
Oasis Network is described as a next generation blockchain that claims to be the first privacy-enabled blockchain platform for open finance and a responsible data economy. Oasis seeks to provide a high throughput and secure architecture that is able to power private, scalable DeFi. Oasis says it can create a new type of digital asset called “Tokenized Data” that can enable users to take control of the data they generate and earn rewards for staking it with applications.
The token distribution took place in two phases on CoinList. ROSE Farm + ROSE Cultivate – described as being designed to provide an easy way for Oasis Community members to gain access to the ROSE token while incentivizing token holders to help secure the Oasis Network by staking ROSE tokens with Bison Trails.
After mainnet launch of the Oasis Network last week, CoinList distributed thousands of tokens for the ecosystem via the ROSE Garden, and added over 3,000 new delegators from more than 100 countries as a part of ROSE Cultivate.
Scott Keto, CEO of CoinList Markets, said that Oasis’ ROSE Garden has been among CoinList’s most successful network launch collaborations:
“The ROSE Garden model not only incentivizes community participation among a wide distribution of stakeholders but also helps secure the network at the most critical juncture—mainnet launch. We wouldn’t be surprised to see this model replicated by other protocols in the future.”
According to CoinList, During ROSE Farm participants were able to contribute a maximum of $2,000 in USDC or USDT to a locked pool, which now represents over $10.5 million Total Value Locked. At the end of the month, each participant will receive an amount of ROSE proportional to their contribution to the pool. ROSE earned during the Farm phase plus an additional pool of tokens can then be staked on the Oasis Network during ROSE Cultivate.
“The success of the ROSE Garden has really blown us away. The participation and excitement from the community has been phenomenal,” said Jernej Kos, Director of the Oasis Foundation. “The ROSE Garden is really a first-of-its kind mechanism for securing the Oasis Network and we’re excited to see the community so engaged.”
ROSE Cultivate allowed participants to automatically stake on the Oasis Network via CoinList.
The participation window ended on November 18th with the initiation of ROSE Farm. ROSE Farm ends on December 15th, at which time ROSE Cultivate will begin.
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