What is the issuance and circulation of Oasys (OAS) coins?

In the Oasys blockchain, validators play a vital role in validating transactions and maintaining consensus, while token holders can participate in staking to earn rewards and contribute to the network's security and stability.

Dec 22, 2024 at 07:59 am

Key Points:

• Overview of Oasys (OAS) and its Issuance
• Mining and Token Distribution Mechanisms of OAS
• Role of Validators and Staking in OAS Circulation

Oasys (OAS): Issuance and Circulation

1. Overview of Oasys (OAS)

Oasys is a high-throughput, low-latency blockchain platform specifically designed for the gaming industry. It offers customized solutions for developers to create scalable and interoperable gaming experiences. The native utility token of the Oasys ecosystem is OAS.

2. Issuance of OAS Coins

OAS coins were initially issued through a combination of public and private sales. A total of 3 billion OAS was created, with 50% allocated for the public sale, 30% reserved for the Oasys team and partners, and 20% dedicated to the Oasys Foundation.

3. Mining and Token Distribution Mechanisms

OAS is not a mineable cryptocurrency. Instead, it operates on a proof-of-stake (PoS) consensus mechanism. In PoS, validators are responsible for validating transactions and maintaining the blockchain's security.

Token distribution in the Oasys ecosystem is achieved through staking. Token holders can stake their OAS with validators to earn rewards and contribute to the network's stability. The staking rewards are distributed periodically based on the validator's performance and the amount of OAS staked.

4. Role of Validators and Staking in OAS Circulation

Validators play a crucial role in the Oasys network. They validate transactions, add new blocks to the blockchain, and maintain the consensus among peers. To become a validator, individuals or organizations must stake a minimum threshold of OAS and meet specific technical requirements.

Staking not only contributes to the network's security but also influences the circulation of OAS. Staked OAS is locked for a certain period, reducing the supply of circulating OAS. In addition, the rewards earned from staking provide incentives for token holders to participate in the network, further promoting the circulation of OAS.

FAQs:

1. What is the total supply of OAS?

• The total supply of OAS is 3 billion tokens.

2. What is the role of the Oasys Foundation?

• The Oasys Foundation is responsible for managing the 20% of OAS allocated to it, supporting ecosystem development, and promoting the adoption of the Oasys blockchain for gaming applications.

3. How can I stake OAS?

• OAS staking can be done through various staking platforms and validators that support the Oasys network.

4. What are the benefits of staking OAS?

• OAS staking rewards token holders with OAS, providing passive income and contributing to the network's security.

5. Can I mine OAS?

• No, OAS is not mineable, as the network operates on a proof-of-stake consensus mechanism.