Who issued the Oasys (OAS) coin?

The Oasys Foundation, backed by gaming giants Bandai Namco Research, SEGA, and Square Enix, created the OAS token to fuel the Oasys blockchain network for gaming and metaverse applications.

Dec 23, 2024 at 01:27 am

Key Points:

• Oasys (OAS) is a native token of the Oasys blockchain network.
• The Oasys network was founded by a consortium of industry leaders, including Bandai Namco Research, SEGA, and Square Enix.
• The OAS token is an ERC-20 token built on the Ethereum blockchain.
• OAS tokens are used to power the Oasys network and its associated ecosystem, including gaming and metaverse applications.
• The OAS token has a limited supply of 10 billion tokens.

Issuer of Oasys (OAS) Coin:

The Oasys (OAS) coin was issued by the Oasys Foundation, a non-profit organization established to support the development of the Oasys blockchain network. The Oasys Foundation is backed by a consortium of industry-leading companies, including Bandai Namco Research, SEGA, and Square Enix.

Purpose and Use Cases of OAS Coin:

The OAS token serves several key purposes within the Oasys ecosystem:

• Staking: OAS holders can stake their tokens to help secure the Oasys network and earn rewards.
• Governance: OAS holders have voting rights on proposals related to the development and governance of the Oasys network.
• Utility: OAS tokens can be used to pay for gaming services, purchase virtual goods, and access exclusive content within the Oasys ecosystem.
• Ecosystem Funding: The Oasys Foundation uses a portion of the OAS token supply to fund the development and growth of the Oasys ecosystem, including grants to developers and projects.

Token Distribution and Release Schedule:

The total supply of OAS tokens is 10 billion, with an initial distribution as follows:

• Staking Rewards: 50%
• Founding Consortium: 20%
• Seed and Private Sale: 15%
• Team and Advisors: 10%
• Oasys Foundation: 5%

The remaining 5% of OAS tokens will be released gradually over time to support the growth and development of the Oasys ecosystem.

FAQs:

Q: What is the purpose of the Oasys blockchain?
A: The Oasys blockchain is a high-performance, scalable blockchain optimized for gaming and metaverse applications. It offers fast transaction speeds, low latency, and high security.

Q: What is the role of the Oasys Foundation?
A: The Oasys Foundation is a non-profit organization responsible for supporting the development and growth of the Oasys ecosystem. This includes providing grants to developers, organizing events, and promoting adoption of the Oasys blockchain.

Q: How can I acquire OAS tokens?
A: OAS tokens can be purchased on various cryptocurrency exchanges, such as Binance, KuCoin, and Gate.io. You can also earn OAS tokens through staking, participating in community events, or contributing to the development of the Oasys ecosystem.