Oasys (OAS) is a public blockchain specializing in gaming, aiming to combine blockchain and gaming to redefine the blockchain gaming experience. It uses a Proof-of-Stake (PoS) consensus mechanism, ensuring high network stability, scalability, and eco-friendliness. The OAS token plays a central role in the ecosystem, facilitating utility across the network’s layers, providing staking opportunities, and governance functions.
Oasys (OAS) is used in several ways within the Oasys ecosystem:
Gas Fees: OAS tokens are used to pay for transaction fees and gas on the Oasys network. This includes fees for rolling up transactions from a Verse-Layer to the Hub-Layer, using a Bridge contract, or running a contract on the Hub Layer.
Verse Building Deposits: Developers must deposit more than 1 million OAS tokens to create a new Verse, ensuring a long-term commitment and preventing the creation of fraudulent Verses.
Decentralized Governance: OAS token holders participate in decision-making processes through decentralized governance, including proposals for changes in inflation rates, treasury uses, and which contracts to build on the Hub-Layer.
Staking Rewards: Users can receive staking rewards by staking OAS tokens. Validators must stake at least 10 million OAS tokens to participate in the validation process.
Payment: OAS tokens are used for micropayments within games and other applications, serving as the primary currency for transactions within the Oasys ecosystem.
These utilities make OAS tokens integral to the functioning and growth of the Oasys ecosystem.
To store Oasys (OAS) tokens, you have two primary options:
Store in Your KuCoin Account: Holding your OAS tokens in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets, helping you avoid the hassle of securing your private keys on your own. Ensure you set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.
Hold in Non-Custodial Wallets: If security is your top concern, you can withdraw your OAS tokens to a non-custodial wallet. Storing OAS tokens in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your OAS tokens frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your OAS tokens.
To buy Oasys (OAS) tokens, follow these steps:
Choose an Exchange: Select a reliable exchange that supports OAS, such as KuCoin or MEXC. Ensure the exchange is secure and has a good reputation.
Create an Account: Sign up on the chosen exchange by providing your email address, mobile phone number, and country of residence. Create a strong password to secure your account.
Verify Your Account: Complete the verification process by providing personal information and uploading a valid photo ID. This step is crucial for account security and compliance with regulations.
Add a Payment Method: Add a credit/debit card or bank account to your exchange account. This will allow you to fund your account and make purchases.
Fund Your Account: Deposit funds into your exchange account using your added payment method. You can also transfer existing cryptocurrencies from another wallet or trading platform.
Navigate to the OAS Market: Find the OAS trading pair on the exchange's spot market. This is where you can buy OAS using your deposited funds or existing cryptocurrencies.
Place an Order: Choose the amount of OAS you want to buy and place an order. You can use market orders for instant purchases or limit orders to buy at a specified price.
Complete the Transaction: Once your order is executed, you will see the purchased OAS in your trading account.
Store Your OAS Safely: For long-term storage, consider using a cold wallet, such as a paper wallet or a hardware wallet, to keep your OAS tokens secure.
Remember to always follow the specific instructions provided by the exchange you choose, as the exact steps may vary slightly.