The first token sales platform CoinList has shown that more than 6,700 investors took part in the Oasis Network’s “ROSE Garden” token drop.
The ROSE Garden Token Drop was developed to ensure fair token distribution and to achieve strong staker participation in the start of the main network of the project. It allowed investors to lock up to 2,000 USDT or USDC for a period of one month prior to November 18th to receive the native ROSE token from Oasis.
Oasis is a data protection-oriented network that supports decentralized applications and confidential computer processes.
The ROSE Garden is now valued at more than $ 10.5 million, making it TVL’s 32nd largest DeFi project according to DeFi Pulse.
We’re excited to announce the results of the Oasis $ ROSE Garden, @ OasisProtocol’s novel farming & staking program, on CoinList:
Locked USD 10.5 million + value
Over 3,000 delegates
Over 100 countries
Congratulations to our friends at Oasis! Https://t.co/UZP0dvh8lQ
– CoinList (@CoinList) November 24, 2020
The blocked stable coins will be returned and the ROSE tokens will be distributed on December 15th. ROSE holders can block their tokens in order to participate in the CoinList “Cultivate ROSE” program, which ends on May 15, 2021. For CoinList, a fee of 10% is charged for staking returns.
The ROSE cultivation program has attracted more than 3,000 delegates in more than 100 countries.
After the FLOW community sale by Dapper Labs, which attracted more than 12,500 investors, the ROSE Garden is CoinList’s second largest offering by number of participants.
The FLOW community sale was also aimed at ensuring an equitable distribution of the tokens and offered all non-US residents the opportunity to purchase the token worth $ 1,000 at $ 0.10 each – the same price, offered to venture capital investors by Dapper Labs.
Dapper’s community sale raised nearly $ 9 million and ran parallel to a Dutch auction for FLOW tokens that settled for $ 0.38 per token and raised another $ 9.5 million.
Oasis Network celebrated its mainnet launch on November 19th and promised that its data protection functions will enable, among other things, the verification of undercollateralised DeFi loans and the secure analysis of genomic data.