What is Oasys?

Oasys is a pioneering decentralized blockchain gaming platform with cutting-edge partnerships. It addresses the challenges faced by blockchain game developers through an EVM-compatible, proof-of-stake blockchain with a two-layer structure. The Hub Layer provides network stability, while the Verse Layer enables fast, gas-free transactions and houses dApps. OAS tokens, with an initial supply of 10 billion, cover transaction costs, support governance, staking, and NFT purchases, fostering ecosystem stability.

In this AAG academy article, we will delve deeper into Oasys, exploring the intricacies of the platform, understanding the role of OAS tokens, uncovering its working mechanisms, and examining both its advantages and potential drawbacks. Additionally, we will address some frequently asked questions to provide readers with a comprehensive insight into Oasys.

What is Oasys

Oasys is pioneering a decentralized blockchain gaming platform that empowers gamers and developers, aiming to set the global standard for blockchain gaming. With strategic partnerships with leading gaming and web3 companies, Oasys ensures a cutting-edge development environment that enables fast, secure transactions and offers gamers in-game asset ownership and portability. Oasys stands at the forefront of revolutionizing gaming experiences.

Oasys addresses the most complex challenges for blockchain game developers as an EVM-compatible, proof-of-stake public blockchain with a two-layer design. The Hub Layer, Layer 1, provides network stability, scalability, and continuous data availability, while the Verse Layer at Layer 2 serves as the canvas for developers to create dApps. Oasys equips developers with the tools and infrastructure needed to shape the future of gaming, redefining the industry’s standards.

What is OAS

Oasys employs the OAS token with an initial supply of 10 billion OAS tokens, and after six years, additional supply decisions will be subject to decentralized governance by OAS token holders. The OAS token plays a pivotal role in various aspects of the Oasys ecosystem.

OAS tokens cover gas fees for smooth transactions and act as deposits for Verse building, requiring over 1 million OAS tokens to maintain quality. Token holders actively engage in decentralized governance, influencing decisions related to inflation rates, treasury management, contract selection for the Hub-Layer, and more. OAS tokens are also essential for staking, with 10 million or more required to become a validator. These tokens have versatile utility, including facilitating payments for NFTs and other products within and beyond the Oasys platform. The initial allocation strategy ensures a balanced circulation over time, enhancing the ecosystem’s long-term stability and reliability.

How does Oasys (OAS) work

Oasys, a protocol employing the Oasys Architecture and EVM-compatibility, introduces a two-layer structure to address the challenges facing the current Web 3 platform. Many blockchain-based games prioritize decentralization at the expense of user experience and transaction speed, burdening users with gas fees. Oasys, however, aims to provide a solution to this dilemma, believing that a user-friendly approach is key to driving mass adoption of Web 3 technology.

Oasys’s Verse-Layer is a pivotal component, eliminating the 7-day challenge period for optimistic rollups and enabling instant transaction approvals. This remarkable feature rivals the efficiency of Web 2 solutions and surpasses the transaction speeds of Layer 2 and other blockchain networks. Notably, all data remains stored in the Hub-Layer, offering robust data integrity and mitigating potential scams, thus fostering trust among developers and users alike. An outstanding benefit of Oasys is that it eliminates gas fees for users, making it even more appealing.

The Hub-Layer of Oasys further stands out as a developer-friendly environment. It boasts high network stability with a 15-second block time, which is comparable to Ethereum, ensuring efficient transaction processing. Scalability and data availability are also key features, offering developers a platform capable of handling growth. Additionally, Oasys prioritizes eco-friendliness by implementing a PoS-based consensus mechanism, making it environmentally sustainable while reducing gas fees for developers.

Pros and Cons of Oasys

Investing, trading or engaging with the Oasys blockchain and OAS proposes a few pros and cons:

Pros:

User-Friendly Experience: Oasys ensures a hassle-free user experience with instant transactions, no gas fees, and robust data security, thanks to the innovative Verse-Layer.

Leading Development Environment: Backed by key industry partnerships, Oasys offers developers an advanced platform with secure, fast transactions and in-game asset ownership, revolutionizing blockchain gaming.

Eco-Friendly and Cost-Efficient: Oasys’s eco-friendly PoS consensus mechanism reduces gas fees for developers while maintaining sustainability.

Network Stability and Scalability: With a 15-second block time similar to Ethereum, the Hub-Layer provides a stable network and scalable infrastructure, making it an attractive choice for developers shaping the gaming industry’s future.

Cons:

Gaming Industry Competition: The gaming sector is highly competitive, with established players and emerging blockchain projects vying for attention, making it difficult to gain a foothold.

Governance Complexity: Decentralized governance may lead to disputes and conflicts among token holders, affecting decision-making.

Limited Ecosystem: Due to its strong focus on the gaming industry, Oasys heavily relies on this specialized ecosystem, which, while substantial, is more limited compared to ecosystems supporting a wide range of applications and use cases.

References

What is Oasys (OAS)

Oasys Doc

Oasys – Revolutionary layer-1 blockchain optimized for gaming