Have you guys ever heard of Oasis Network? If you haven't, well, this is for you
Let's begin by finding out what is Oasis Network:
according to their own website, Oasis Network is " a Layer 1 decentralized blockchain network designed to be uniquely scalable, privacy-first and versatile. ". now what's all this mumbo jumbo means?
As you know, we are living in information era. Everything you do will leave a digital trail of your private information behind. It can be used for good things like shopping online, joining communities online, doing your taxes and much more. it can also be used by companies and website to know their demographic and improve their services. Sadly, it means they have access to all your private information and Identifications.
For a long time, most people believed that it was the only the way. A double edged sword if you call it: "if you want do your stuff online at your convenient, you have to share your private data. there is no way around it." it was always been like this until Oasis Network born.
The main purpose of Oasis Network is not to hide your data.it main purpose is to let you control how your data is handled. this means while you are handing your information to other companies to use them, you have full control on it. You can which part is shared and which part remain a secret. You can see how your data is used and you can also cancel it and get back your data without leaving any trace behind. To sum it up, instead of hiding your data and stopping companies to use it (which also stops you using those good parts of internet we talked about) it let you have full control over your data.(it is your responsibility to choose how to use your data)
Some companies like Nebula Genomics and Fortune 500 already using this network. you can choose what information to share and stop sharing it anytime you want. You can also see how your information is being handled and for what purpose. Interestingly, Binance is also starting to use Oasis Network for comparing data and finding intelligence and crypto threats to ban certain users.
Now what does it have to do with our title? Oasis Network main token is called ROSE. ROSE is the native utility token of the Oasis ecosystem, used for transaction fees, staking and governance delegation. right now there is only 1.5 billion tokens out of a fixed supply of 10 billion tokens are circulating. On November 18th Oasis network will have a token unlock. Token release and unlocks are an interesting event to watch for. Usually, when a big amount of tokens being released in market it should drop the price of that token. But sometimes the opposite will hapeen. Consider Solana and Graph. They both had token unlocks earleier this year and both had big price jumps instead of losing thier value.What happened was istead of staying in free market, these unlocked tokes quickly bought by stakers and node validators and exited the market and stayed staked, bringing more credibility to thier networks and thus improving thier prices.
No one knows what's going to happen in November 18th.ROSE may become an Oasis for cryptotrader to get big profits or it could be all a Mirage and just make it holders to hold thier bag in harsh and deadly crypto trading deserts.