Oasis Network In-depth Report Generated by AI - For further details, please review:

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1)What is oasis (ROSE)?

Oasis Network, known by its token ROSE, is a blockchain network with a focus on privacy preservation and adaptable architecture. Here's a breakdown of its key aspects:

Introduction and Overview: Launched in 2020, Oasis Network is a cryptocurrency operating on the Ethereum platform. It is designed as a privacy-preserving platform for open finance and responsible data usage

Privacy and Architecture: One of the core features of Oasis Network is its emphasis on user privacy. This is achieved through a safe and adaptable blockchain architecture, distinguishing it from other blockchain platforms

Tokenomics of ROSE: The native token of the Oasis Network is ROSE. It has a capped supply of 10 billion tokens. ROSE tokens are used for various functions within the network, such as staking, delegating, and paying transaction fees

Technical Foundation: Oasis Network is a proof-of-stake (PoS) blockchain. This positions it similarly to other major blockchains like Ethereum or Bitcoin, but with a specific focus on data confidentiality built from the ground up

2)Which sector does oasis (ROSE) belong to?

Oasis Network (ROSE) primarily belongs to the privacy sector within the blockchain field. This sector focuses on enhancing the security and confidentiality of data on blockchain networks. Oasis Network specifically addresses privacy in Web3 through the Oasis Privacy Layer (OPL), which is not a separate network but a feature that allows Solidity developers to incorporate Oasis Network's confidentiality features into their applications on any EVM-compatible network. This includes components like a cross-chain messaging bridge, a gas relayer for user-friendly interaction, and privacy capabilities for various applications including DAOs, on-chain auctions, gaming, and decentralized identity. The current state and future prospects of the privacy sector in blockchain are promising, particularly with the rise of "ZK everything" (Zero-Knowledge Proofs). Zero-knowledge proofs, which have gained traction for use cases like ZK-Rollups for Ethereum scaling, are expected to unlock a broader set of applications in 2023. This technology allows for off-chain execution of smart contracts with on-chain verification, enhancing data privacy and efficiency. Zero-knowledge proving is anticipated to surpass Bitcoin's proof-of-work market by 2030, indicating its growing significance in the blockchain space. The privacy sector's growth is part of the overall expansion of blockchain technology. The blockchain market, which was valued at approximately $12 billion in 2022, is expected to reach around $23.3 billion in 2023. This growth is driven by increased investment, reduced operating costs, and rising demand in logistics and commerce. However, the development of blockchain, including the privacy sector, faces challenges like regulatory uncertainty and a lack of experienced personnel. In 2023, blockchain technology, including the privacy sector, is in its early stages, comparable to the early days of the internet. While it offers a wide range of opportunities, there are issues such as performance limitations and the need for substantial memory for effective operation. The inability to alter information on the blockchain is a double-edged sword, offering security benefits but also creating data processing challenges.

3)What is tokenomics of oasis (includes allocation and supply schedule)?

Supply and Utility: ROSE is a capped supply token with a total supply fixed at 10 billion tokens. At launch, approximately 1.5 billion tokens were in circulation. The ROSE token is used for transaction fees, staking, and delegation within the network's consensus layer

Token Distribution: The allocation of ROSE tokens covers various network functions, including sales to backers, compensation for core contributors, an endowment to the Oasis Foundation, funding for community and ecosystem engagement, strategic partnerships, and reserves. Additionally, approximately 2.3 billion tokens are set aside for staking rewards

Circulating Supply and Release Schedule: Not all tokens were publicly released at the Mainnet launch, with only a fraction of the total supply in circulation initially. A portion of Foundation tokens not in circulation at launch are staked in the network, with staking rewards used for network and ecosystem development. The tokens set aside for staking rewards are disbursed based on on-chain reward mechanisms

Fundraising History: Between 2018 and 2020, Oasis Network raised over $45 million from various backers

Staking Incentives: Oasis Network aims to be a world-class, public, permissionless blockchain platform and has tailored its staking conditions to minimize barriers to entry and promote network engagement. Key parameters include the number of validators, minimum stake requirements, consensus committee selection, staking rewards, slashing policies, unbonding periods, and consensus voting power mechanisms

4)What about the team and the investors of oasis?

The Oasis Network (ROSE) was founded by Dr. Dawn Song, a professor in the Department of Electrical Engineering and Computer Science at the University of California at Berkeley. Dr. Song is recognized for her expertise in security and privacy technologies, particularly in cryptography, blockchain, and machine learning. She has been awarded for her work, including an Amazon Web Services Machine Learning Research Award, and has held senior positions at high-growth security enterprises like Ensighta Security and Menlo Security. The network has gained support from various high-profile venture capital firms and investors, including Andreessen Horowitz, Accel, Binance Labs, and many others. The core development of the Oasis Network is managed by Oasis Labs, which was founded in 2018. The team behind Oasis Labs includes top talent from around the world, with backgrounds from notable institutions and companies such as Apple, Google, Amazon, Goldman Sachs, UC Berkeley, Carnegie Mellon, Stanford, and Harvard. Many of the core engineering team members hold PhD-level education and are committed to the growth and expansion of the Oasis Network. In terms of funding, the development team raised $45 million from some of the largest venture capital firms in the crypto space, including a16z (Andreessen Horowitz), Polychain Capital, Arrington Capital, Pantera Capital, and Binance Labs. Other notable backers include Accel, FBG Capital, Electric Capital, Huobi Capital, MetaStable, IOSG Ventures, NGC, Hashed, Kenetic Capital, J Lab, Winklevoss Capital, Dekrypt Capital, and Foundation Capital. Additionally, in November 2021, a $160 million Ecosystem Fund was launched with contributions from various partners such as AME Cloud Ventures, Dragonfly Capital Partners, Draper Dragon, and the Oasis Foundation itself

5)What is the development history of oasis?

List all important events and milestones in the development process of oasis.

2018: Project's inception.

October 1, 2020: Launch of Mainnet Beta.

November 18, 2020: Final Mainnet goes live.

2021 Developments:

Completion of a network upgrade through on-chain governance with over 85% participation.

Launch of a $200 million Oasis ecosystem fund to support projects building on Oasis, focusing on DeFi, NFT, metaverse, and data tokenization DApps.

Announced over 20 new partnerships with companies like Genetica, Cryptosafe Alliance by Binance, and BMW.

Introduction of the Oasis AI ROSE NFT Collection contest.

Grew an active community across 24 countries, with more than 160,000 members and over 310 ambassadors.

June 30, 2021: Introduction of the Cipher ParaTime, a smart contract environment on Oasis Network.

January 11, 2022: Launch of Wormhole Bridge and YuzuSwap, marking a significant development in DeFi on Oasis.

2022 Roadmap:

Plans to add more DeFi apps to Emerald, the EVM compatible ParaTime.

Launch of the WebAssembly smart contracts module on Cipher Mainnet with confidential DeFi apps.

General availability of data tokenization in Parcel ParaTime and a network upgrade proposal for performance improvement

6)What is the progress and future roadmap of it?

Launch of Oasis Privacy Layer on Sapphire: This is a core component of Oasis Network’s mission to provide a privacy layer to Web3. It enables Solidity developers on any EVM-compatible network to use confidentiality features of the Oasis Network.

Trustless Bridge to Ethereum: Aiming to maximize interoperability with Web3 and support a bridge that prioritizes gas efficiency and a trustless, zero-knowledge architecture.

New Oasis Explorer: An improved block explorer experience with support for runtimes like Sapphire and Emerald.

Oasis Core Security Improvements: Upgrades to Oasis Core to enhance protocol robustness and overall security.

Wallet Experience Optimizations: Leveraging Metamask Snaps to support Sapphire’s privacy features, creating a new privacy-enabled Web3 wallet experience.

Community Engagement: Hosting hackathons, technical workshops, and public events to foster a supportive developer community and engage with other crypto enthusiasts interested in privacy

7)List all important links related to it.

Oasis Protocol Foundation: Oasis Protocol

Oasis Ecosystem Fund: Oasis Ecosystem Fund

YuzuSwap, a DEX on Oasis: YuzuSwap

Information on Cipher ParaTime: Cipher ParaTime on Medium

Oasis AI ROSE NFT Collection Contest: Oasis AI ROSE NFT Collection on Medium

Fountain Protocol: Fountain Protocol

GemKeeper DEX: GemKeeper

Oasis 2023 Roadmap: Oasis 2023 Roadmap

Metamask Snaps: Metamask Snaps Documentation

8)Bullishness index for this token from the perspective of token valuation and future potential from Chatgpt 4

Current Valuation

As of the latest data, the live Oasis Network price is approximately $0.086606 USD with a 24-hour trading volume of $27,920,175 USD. The market cap is around $581,435,127 USD, ranking it at #84 on CoinMarketCap. It has a circulating supply of 6,713,599,876 ROSE coins and a max supply of 10,000,000,000 ROSE coins

The token can be traded on major cryptocurrency exchanges including Binance, Bybit, Bitrue, BingX, and LBank Historical Performance

The all-time high for ROSE was $0.5964, but it has since declined by 85.48% from this peak. Its all-time low was $0.03205, from which it has increased by 170.23% Future Prospects and Price Predictions

According to a StormGain analysis, while ROSE experienced a 2.13% decline over the previous seven days and a 37.136% drop over the past month, it demonstrated growth over the last 4 months, indicating potential for future growth

CoinCodex predicts a bullish sentiment for ROSE, with an increase to $0.055147 by January 2024 based on technical indicators. The RSI value is at 64.54, suggesting a neutral position in the market

For 2024, the yearly low price prediction is estimated at $0.075023, and the high at $0.200935. By 2025, the price could range between $0.169825 and $0.689179, indicating a potential gain of 687.49% if it reaches the upper target. In 2030, the price prediction is between $0.503331 and $0.637079, a potential gain of 627.95%

Oasis Network is forecasted to hit $1 in December 2032 and reach a maximum of $6.80 by January 1, 2049. However, predictions suggest it will not reach $10 or $100

Over the last year, the price of Oasis Network increased by 83.09%, and its 3-year performance showed a 132.00% increase Expert Opinions and Analysis

The recent bearish trend in ROSE price, despite a promising spike in August, reflects market volatility and the impact of strategic partnerships, such as the one with Meta

CoinCodex's short-term sentiment was bearish as of September 2022, but long-term predictions from DigitalCoinPrice and PricePrediction are more optimistic, projecting ROSE to reach $0.82 by 2030 and potentially average $1.38 Caution and Market Volatility

It's crucial to remember that cryptocurrency markets are highly volatile, making accurate long-term predictions challenging. Analysts and algorithm-based forecasters can often get their predictions wrong. Therefore, it's advised to conduct thorough research, consider market trends, news, technical and fundamental analysis, and expert opinion before making any investment decisions