Crypto Exchange Giant Lists Privacy-Focused Altcoin Amid Market Jitters

A cryptocurrency that offers privacy and scalability to decentralized finance (DeFi) just got a surprise listing on crypto exchange

In a new blog post, says that users can purchase the Oasis Network (ROSE) using the US dollar, the euro, the British pound, and nearly two dozen other fiat currencies.

According to the advertisement,

“Oasis Network is the first privacy-enabled blockchain platform for open finance and the responsible data economy.

Their goal is to fix the high transaction fees and slow throughput currently plaguing other Layer 1 networks in DeFi. “

The Oasis ecosystem uses the security of trusted execution environments to deliver querying, data control, and user privacy as a service.

Regarding how consumers monetize their personal data, the project website says,

“By using token data, users can earn rewards by stacking their data with the apps you want to analyze or controlling how the most sensitive information is consumed by the services they use.”

The network’s native utility token, ROSE, can be used for storage, authorization, and cost coverage of network transaction fees.

Oasis Network joins the list of more than 250 cryptocurrencies and stablecoins supported by the app. Currently, ROSE is not available in the United States, Canada, Singapore and Brazil.

The Singapore-based cryptocurrency exchange capped the year 2021 by partnering with several leading sports franchises, including the Los Angeles Lakers, Formula 1 Racing, and UFC.

At the time of writing, ROSE is down 1.71% on the day to $0.36. The price ranged from $0.24 on December 20 to $0.45 on New Year’s Day, setting a new all-time high for the 95th cryptocurrency by market capitalization.

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should perform their due diligence before making any high-risk investments in bitcoin, cryptocurrencies, or digital assets. Please be aware that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrency or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.

Featured Image: Shutterstock / Mooi Design / Sensvector