To begin with, I would like to draw attention to the main technical indicators
Ticker — OAS
Token type: OWN BLOCKCHAIN
Total Tokens: 10,000,000,000
For those who don’t know, Oasys is a public blockchain that specializes in games. The founder team is launching it with support from renowned game companies, aiming to revolutionize “Blockchain for The Games.” Moreover, this EVM-Compatible protocol adopts the Oasys Architecture. Its unique architecture consists of a multi-layered structure: a highly scalable Layer 1, Hub-Layer, and Verse-Layer, as well as a special Layer 2 that uses Ethereum’s Layer 2 scaling solution.
Its EVM public sidechain is specialized for games. On the Oasys blockchain, customers will rarely use Layer 1 directly as the logic of games will run on Layer 2 (Execution Layer).
Furthermore, game developers will be able to run their own Layer 2 for each Metaverse. It will cover all the gas fees for the customers. That will allow people to enjoy the Metaverse without worrying about gas fees.
The company also plans to use the environmentally friendly PoS algorithm, which does not require unnecessary power consumption. With Oasys Architecture, game developers will be able to build a Layer 2 Metaverse that is flexible, highly usable, and eco-friendly
The company created its own Oasys utility token, OAS, to offer additional benefits to its customers. It is the highest-level token in the entire Oasys ecosystem, issued on the public blockchain to maximize Oasys Tokenomics. As the developers point out six years after the launch of the core network, OAS token holders will be able to define an additional stock of staking rewards through decentralized management.
OAS Token, the primary token for Oasys, Verse Token, the primary token for Verse, and Game Token and Dapps Token, the primary tokens for games and Dapps.
Oasys is building an ecosystem based on a multi-token economy: OAS tokens, the native tokens that are the infrastructure of the Oasys ecosystem; Verse Tokens, which are used to create an ecosystem for each Verse; and Game Tokens and Dapps Tokens, which are used for games and Dapps within the Verse. Tokenomics is structured in this way with multiple layers. Each Verse Builder can build its own ecosystem of token utilities, the total number of tokens issued, allocations, etc., according to the characteristics of its Verse.
Next, I’d like to talk about external support for the token and the project as a whole, Oasys stands behind doublejump.tokyo, one of the most successful Web3 game developers from Japan with major games like My Crypto Heroes and Brave Frontier Heroes, which were the top blockchain games in both daily active users and sales (over 27,000 ETH sold) from their release in 2018 until early 2020. The company also has strong institutional support, with initial validators on its blockchain including Bandai Namco Research, SEGA, Ubisoft, Netmarble, Wemade, Com2uS and Yield Guild Games, one of Asia’s most famous gaming guilds.
Oasys also successfully completed a $20 million private token sale round led by blockchain finance and investment platform Republic Capital with participation from Jump Crypto, Crypto.com, Huobi, Kucoin, Gate.io, Bitbank and Mirana Ventures.
And of course we should mention the utility of the token, the developers name five main directions where the token can be used:
1. Gas Fees
Due to the architecture of Oasys, the performer of the contract pays gas fees when rolling up transactions from a Verse Layer to the Hub Layer, when using a Bridge contract, or when running a contract on the Hub Layer. Gas fees for rolling up are paid by Verse Builder, and as the Oasys ecosystem grows, the more Verse Layers and the more Transactions per Verse, the higher the gas fees. However, Oasys is designed so that the increase in gas fees will be gradual. By accelerating the growth of Verse Builder’s business through the growth of the entire ecosystem, the disadvantage of rising gas fees is minimal.
2. Verse Building Deposits
Anyone can build a Verse if they deposit more than 1 million OAS toward the verse contract. By imposing a certain amount of initial Verse Building Deposits, the ecosystem can be soundly expanded to prevent the sprawl of scammy Verses and to ensure a long-term commitment by Verse Builders.
3. Decentralized Governance
OAS token holders can participate in Oasys’ decision-making through decentralized governance. Proposals include changes in inflation rates through staking, treasury uses, Vote to decide which contract to build on Hub-Layer, etc.
4. Staking Rewards
Staking OAS tokens allows you to receive staking rewards. Anyone staking 10 million OAS or more through a validator contract can become a validator.
5. Payment
In many games, a large number of micropayments are made daily through primary distribution of digital content. In the Oasys ecosystem, OAS tokens can be used for many micropayments in and out of the games. OAS tokens will serve as the key currency in the entire Oasys ecosystem. This is similar to the way ETH tokens stand in the Ethereum ecosystem.
My opinion:
I think tiering will solve the perennial problems of scalability, speed, and transaction cost. OAS is a token that contains real utility, which allows it to become more expensive and promising along with the project, and the presence of big investors and gaming legends in the partners convinces me once again that this token and project deserves attention!
Source:
1. https://cryptonews.net/news/finance/9006765/
2. https://www.financebrokerage.com/oasys-native-token-oas-is-high-ranking-whys-that/
3. https://docs.oasys.games/docs/whitepaper/tokenomics
