If you're interested in small-cap 💎 's and are active on CT scouting
You've most likely heard of @ElonTrades
Most noted for calling:
• $SOL at $0.60
• $KDA at $0.50
His next big call seems to be $ROSE, let's take a look 🧵 👇
Sitting at $500m MC, it's not exactly a low-cap gem, but he's bullish on a $0.08 $ROSE price.
twitter.com/ElonTrades/status/1554916156275916800
$ROSE Token Overview:
Native token of the Oasis Protocol, a Layer 1 privacy chain.
・ Mcap: $500m
・ Founded: 2018, Oasis Labs
・ ATH: $0.59
・ ATL: $0.03
・ Max Supply: 10bn
・ Holders: 200k
・ Consensus: #PoS
What's fueling 200k+ holders with conviction? ↓
What I'll cover in this thread:
1️⃣ Locked Supply
2️⃣ Great Fundamentals
3️⃣ Privacy Enabled
4️⃣ Partnerships
Scroll down to begin
1️⃣ Locked Supply
$ROSE is used for tx fees, validation & delegation at the consensus layer, capped at 10bn tokens.
Over 50% of $ROSE is locked to help validate the network and vested, with a diluted Mcap of $1bn.
We've seen how quickly this can push a tokens price before with $trac.
Tokens get delegated, supply decreases whilst demand stays the same or increases.
Squeeze on remaining circulating supply means there's only one way to go.
2️⃣ Great Fundamentals
Most believe we're moving into a L2 dominated ecosystem for better scaling options.
Comparing Oasis to other top L1s:
✅ 1m possible tx/s
✅ Multi-chain compatible
✅ Proof-of-Stake
✅ Only top L1 <$1bn Mcap
Image taken from: @AdamHODL
A L1 privacy blockchain supporting smart contracts which means:
-Higher TX/s
-Lower TX fees
-No sacrifice on privacy/reliancece on external L1
The more blockchains integrate into our everyday life, the more we will move away from public ledgers.
Is it solving the trilemma?
3️⃣ Privacy Enabled
What does privacy enabled mean?
Entirely private smart contracts in a trustless environment.
As your data interacts with a smart-contract, it's kept completely safe
Opens up different types of privacy for virtual asset owners, such as Data Tokenization
Data tokenization is possible on Oasis through the enforcement of usage policies.
Data cannot be reused without permission, creating a healthier data economy than the one we have today.
Here's how it works:
Stake Data > User Pays > Data Received
This is a personal favourite of mine.
Current data economy > $250bn
Mostly owned by a few BIG DATA companies, imagine what happens to $ROSE once that's decentralized.
Free bonus: Your data isn't sold w/o your permission.
4️⃣ Partnerships
One of the deepest partner pools you'll see in crypto.
Biggest names: @Meta, @binance, @Meter_IO, @BalancerLabs
The list goes on...
twitter.com/ElonTrades/status/1552846892362600448
Are these partnerships bullish for $ROSE?
Technology-focused partnerships mean a focus on building, not investment
Partners are already heavily invested in Web3 such as Meta.
industry diverse partnership pool
Partnerships aren't instant success, but you can't complain
Upside:
If $ROSE retraced back to it's ATH, we're looking at a 6x from current prices.
However, most holders are looking to secure a 20x or more from here, needing a mcap of $10bn
Revolutionary L1 or Memecoin? You choose
Accounts to follow to stay up to date on $ROSE:
@OasisRoseNews
@OasisProtocol
@OasisLabs
@ElonTrades
Any accounts I'm missing? 👇