/tokenomics
ℹ️ Tokenomics 🏦 Supply: The $ROSE native token is a capped supply token. The circulating supply at launch was approximately 1.5 billion tokens, and the total cap is fixed at 10 billion tokens. 🪙Token utility: The $ROSE token is used for staking and delegating on the Oasis Consensus Layer and for smart contract operations that require fees in ParaTimes 🏝. 🔐🌹Staking rewards: ~2.35 billion $ROSE tokens will be automatically paid out as staking rewards to stakers and delegators for securing the network over time. 🏛️Official Token Metrics and Distribution
Oasis Network is the leading privacy-enabled and scalable layer-1 blockchain network to propel Web3 forward. Oasis is designed to give users back control and ownership of their data, while enabling new applications in decentralized finance and a responsible data economy. The $ROSE token is used for staking and delegating on the Oasis Consensus Layer and for smart contract operations that require fees in ParaTimes 🏝 🌹.
I mean rose is both an open source blockchain and a private blockchain, am i right boss?
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