Oasis
Crypto Overview
Overview
The Oasis Network is a privacy-focused layer-1 blockchain platform launched in 2020. It uses a proof-of-stake consensus mechanism and aims to enable private, scalable DeFi and create a responsible data economy.
Purpose and Utility
The ROSE token serves multiple functions within the Oasis ecosystem: It's used for staking and validation, network governance, and transaction fees. The platform focuses on data privacy and confidential computing, allowing developers to build private smart contracts and applications.
Business Model Analysis
The network operates through two main components: The Consensus Layer (for transaction processing and validation) and The ParaTime Layer (for computation). The platform enables confidential smart contracts and private data tokenization, with clear technological utility.
Real-World Adoption
Oasis has established partnerships with major companies like BMW, Binance, and Meta (formerly Facebook). The network processes thousands of daily transactions, with active validator nodes and developers building various applications on the platform.
Development Activity
The project maintains active development with regular updates to its core protocol. The GitHub repository shows consistent contributions, and the team regularly publishes technical updates and roadmap progress.
Token Distribution
The initial token distribution allocated 23.5% to the foundation, 20% to private investors, and the remainder distributed between staking rewards, ecosystem development, and community initiatives. Token unlocks follow a predetermined schedule with appropriate vesting periods.
Revenue Model
The platform's revenue model is based on transaction fees and network usage, avoiding interest-based mechanisms. The staking rewards are generated from new token emissions and transaction fees, not from lending activities.
Crypto Impact
To assign a comfort level investing in Oasis from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Oasis.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.