COPPER WILL FACILITATE THE STAKING OF ROSE, THE OASIS NETWORK’S NATIVE UTILITY COIN.
Copper.co, the leading digital asset custody and trading solutions supplier announced that the Oasis ROSE Token would be staking.
The Oasis Network is a rapidly growing ecosystem that comprises top-tier app developers, blockchain infrastructure teams, node operators, and institutions. A new blockchain separates the consensus and application layers, allowing for increased scalability, flexibility, and anonymity.
ROSE is the Oasis Network’s native utility and settlement token with a limited supply. On the Oasis consensus layer, the token is utilized for transaction fees, staking, and delegation. Stakers will be rewarded for contributing to the Oasis Network’s security, as securing a stake on the network makes it more difficult for any single party to seize control. The ROSE token offers a staking payout of up to 20% on an annualized basis, and about 2.3 billion tokens will be automatically paid out in rewards over time. The total number of ROSE tokens available is capped at 10 billion.
Users can now stake the ROSE token in multiple pools simultaneously because of the Copper Platform’s security. Copper Platform offers users to manage digital assets across numerous exchanges, hot wallets, and cold storage vaults all in one place. Copper’s MPC technology secures the storage of digital assets by creating three independent key shards rather than a single private key, reducing the danger of key exposure while signing transactions.
Copper, founded in 2018 by Dmitry Tokarev, provides institutional investors with a gateway into the crypto-asset industry by providing custody, prime brokerage, and settlements across 250 digital assets and over 40 exchanges. It is dedicated to offering institutional investors flexible solutions that can adapt to the growing crypto assets environment while also giving asset managers greater transparency and control.
In the crypto-asset industry, Copper’s fully integrated products are unique. Copper has established a comprehensive and secure suite of tools and services required to safely acquire, trade, and store cryptocurrencies, including access to margin lending trading facilities and the DeFi space, all of which are backed by multi-award-winning custody.
ClearLoop, a system that unites the universe of exchanges in one secure trading loop with real-time settlement across the Networks, is at the heart of Copper’s infrastructure. Since its introduction in May 2020, ClearLoop has changed how institutional investors can engage in the crypto-asset industry by integrating with market-leading spot and derivative crypto exchanges.
About Oasis Network
The Oasis Network is the first privacy-enabled blockchain network intended for the next generation of blockchain for open finance and a responsible data economy. With its high throughput and secure design, the Oasis Network can allow private, scalable DeFi, revolutionizing open finance and making it accessible to more people than only traders and early adopters. Its unique privacy features have the potential to reinvent DeFi and produce Tokenized Data, a new form of digital asset that will allow users to take custody of the data they generate and receive incentives for staking it with apps, culminating in the first-ever responsible data economy.