OASIS is based on a Community Takeover of a previous MN project called 1UP
One such platform is the XOS crypto platform which has introduced decentralized crypto, Oasis, which they are using to provide a leaderboard ranking for games and esports.
You will first need to buy units of the more significant coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency.
This article details the XOS coin, how to buy XOS crypto (Oasis) and how it is fairing in the crypto market in terms of prices and trading volume.
What is an Oasis (XOS)
OASIS was launched May 26th, 2018, as a community takeover, a continuation of a 2017 project discarded by the original creator and now aims to bring together gamers and esports participants by providing a decentralized network of nodes to provide gamers a rankings leaderboard across games and platforms determined via governance voting.
Oasis is a PoS/MN cryptocurrency based on a PIVX codebase with a smaller circulating and predicted supply. Presently with a 75%/25% reward structure and 0.2 OASIS per block, Masternodes at this point receive 0.15 OASIS per reward, and PoS receives 0.05 OASIS. The next decrease to 0.15 will be at Block 3153601. After 22 years, a projected supply of 1,440,144 OASIS will have been created.
The XOS blockchain, which is the XOS platform’s online ledger system, records all the transactions using Oasis crypto.
How to buy Oasis (XOS) coins
Currently, only the Southxchange trade platform supports the exchange of oasis coins for stronger currencies. If you are trying to purchase oasis coins, you will have to trade for them on a cryptocurrency exchange that supports it. Like, Ethereum, Bitcoin, USD, Any other stable coin or fiat currencies.
If you’re trading for the first time, you will first set up an account with an exchange such as Coinbase to buy Ethereum or bitcoin that you will exchange for the XOS coin. After that, you should establish a storage wallet account to connect with the XOS trading exchange platform, Southxchange.
Follow these steps to acquire the XOS crypto:-
Create an account on Coinbase
Join a cryptocurrency exchange platform like Coinbase. Afterward, you have to meet Coinbase’s KYC minimum requirements. The information you will provide includes:-
- Phone number
Once you have completed filling out the KYC information, Coinbase will email you a verification email asking you to set up two-factor authentication.
Oasis Labs is also making strategic partnerships and alliances to give traders information on protecting themselves from crypto thefts and viruses attacks.
Choose a payment method
Coinbase exchange platform provides several payment methods to select your most preferred means. The following are three payment methods that you can choose from:
- Bank transfer
- Credit/Debit card
- PayPal/Wire transfer
Purchase Bitcoin/Ethereum cryptocurrency
After selecting a payment method, you can purchase Bitcoin or an ERC-20 token.
Set up a wallet account
Once you purchase a BTC or ERC-20 crypto, you need a safe place to store BTC or ERC-20 on your wallet. The crypto-verse offers several wallets, such as the Coinbase wallet, Metamask wallet, and Gemini.
After successfully setting up the wallet, link it to the Southxchange exchange platform.
Buy oasis (XOS) crypto
After everything is done, you have to initiate the trade of BTC or ERC-20 crypto for XOS Coin. You can choose to trade on oasis crypto at a market price or a customizable price. Once you have optioned a limit or market price, the transaction is completed.
Fast transactions featuring guaranteed zero-confirmation transactions, known as SwiftX.
Decentralized blockchain voting provides consensus-based advancement of the current Masternode technology used to secure the network and provide the above features; each Masternode is secured with collateral of 285 XOS.
Explorer 1: https://explorer.oasisco.in
Explorer 2: https://oasis.ccore.online/
The Oasis Wallet is the best way to store and stake your XOS. Oasis wallet is available in several platforms such as Oasis Windows, Oasis macOS , Oasis Linux, Source (.zip), Source (tar.gz), Web Wallet – Coming Soon, & Paper Wallet – Coming Soon.
The Bottom Line
Buying Oasisis slightly more complicated than buying regular equity or stock. This is mainly because the cryptocurrency ecosystem and infrastructure are not as well-developed as mainstream trading.