According to CoinList, the number of investors that participated in the token drop by Oasis Networks “ROSE Garden” is above 6700. The reason behind the token drop was to make sure that there’s an equal distribution of tokens to all interested parties. So that investors will participate massively during the mainnet launch of the project.
As a result of this plan, it enabled investors to lock the fund up to 2000 USDC or USDT before the 18th of November. The funds will remain in the project for one month, and the investors will receive a ROSE token in exchange.
Oasis is a network that upholds privacy above all and allows decentralized applications and confidential computing operations. Its ROSE Garden acquired over $10.5 million in total value locked. According to DeFi Pulse, Oasis is occupying the 32nd position of DeFi projects based on total value locked (TVL).
According to reports, Oasis will return the stablecoins and distribute ROSE tokens on the 15th of December. Afterward, ROSE holders lock the tokens to be part of the CoinLists’ staking program “ROSE Cultivate”. We also know that the program would be rounding off on the 21st of May 2021, and 10% of the staking returns will go to CoinList.
Oasis Network’s ROSE Cultivate Program
According to what we could gather about this program, 3000 delegators and above have joined Oasis Network’s ROSE Cultivate Program. These delegators are from all over the world.
Amidst the offerings which CoinList has spearheaded, ROSE Garden is the second-largest offering. Dapper Lab’s FLOW community sale took the lead because it amassed 12500 investors and above.
Dapper Lab’s Flow community offering was almost after the same thing as ROSE Garden. It aimed at ensuring an equal distribution of tokens and even offered non-USA participants to buy $1,000 worth of its token for $0.10 each. This price was the same as what Dapper Lab’s venture offered to venture capitalists.
Oasis Networks, however, launched its mainnet on the 19th of November and had promised to vet undercollateralized loans properly with its privacy features.