In this article, we'll discuss information about the Oasys Games project and OAS token. Oasys - Blockchain For Games
Oasys is a public blockchain specializing in games. It is launching with support from renowned game companies to revolutionize "Blockchain for The Games."
Oasys is an EVM-Compatible protocol that adopts the Oasys Architecture. This unique architecture consists of a multi-layered structure: Hub-Layer, a highly scalable Layer 1; and Verse-Layer, a special Layer 2 using Ethereum's Layer 2 scaling solution.
Blockchain Suitable for DeFi or Games
Given the above characteristics, DeFi and games require different functionalities of a blockchain.
Blockchain Suitable for DeFi:
Since DeFi Applications lock up funds, a high level of security is of the utmost importance. Therefore, decentralization and data availability are prioritized, and network stability and transaction speed are less important due to low transaction volume. At this point, Ethereum is a promising blockchain for DeFi, even if gas fees are high.
Blockchain Suitable for Games:
Currently, some of the newest blockchains take advantage of low gas fees and high transaction speeds. Transaction speed often slows down or doesn’t stay stable when transactions are concentrated. Therefore, those blockchains are not appropriate for games with a large number of transactions. There are several ways to keep networks running stable, such as making block time longer, raising gas, making block sizes smaller, and restricting the number of nodes.
Still, none of these are essential solutions because they fail decentralization or cause high gas fees. For blockchain games to reach mass adoption, they need to be user-friendly with a transaction speed as fast as an off-chain server and zero gas fees, so users will feel like they’re not even using blockchain technology.
Oasys is a multi-layered EVM-Compatible PoS public blockchain that solves some of the pain-points game developers experience on other blockchains. Oasys blockchain consists of a highly scalable Layer 1 called Hub-Layer and a Layer 2 called Verse-Layer.
Verse-Layer (Layer 2)
High-Speed Optimistic Rollups
Normal Optimistic rollups establish the network through trust in a mechanism to verify fraudulent transactions by fraud-proof from an unspecified number of parties. In contrast, Oasys' Optimistic rollups establish the network through trust in two factors: the Verse Builder that operates the Verse-Layer (Layer 2); and fraud-proof by the Appointed Verifier.
First, users need to trust that content providers will develop and operate content sustainably and soundly. At Oasys, the Verse Builder plays that role, winning the users’ trust through sustainable and sound content operations. Since all transactions are verifiable, a Verse Builder cannot easily cheat. Therefore, the more trustworthy the Verse Builder is, the more resistant the Verse will be to tampering. Verse Builders can also appoint one or more Appointed Verifier(s) when building a Verse, who will verify Rollups in return for financial incentives and their own trust as a 3rd party.
Oasys eliminates the 7-day challenge period from Optimistic rollups and allows transactions to be approved instantly at the same level as Web2 products. This is faster than any other blockchain and Layer 2.
In addition, since all data on Oasys is stored in the Hub-Layer, high data availability is achieved, and even if the Verse-Layer is lost, it can be completely restored.
In order to achieve a multi-layered structure that can solve the Web3 dilemma, we concluded that using Layer 2 technology in blockchain games is the best solution in terms of Data Availability, Scalability, and Transaction Speed, rather than implementing a Private Sidechain. Since the permanent existence of game assets is crucial for blockchain games, Layer 2 technology is suitable for these games. By using rollups, all data on Layer 2 is reflected on Layer 1. This means that even if Layer 2 is down, the data is technically guaranteed to be restored as long as Layer 1 is running (high data availability). However, in the case of a private sidechain, it is not technically guaranteed.
Thanks to private Layer 2 transaction speed, users can experience the same seamless experience as traditional online games on Web2, which existing blockchain solutions cannot provide.
We believe that several Layer 2 solutions would be optimal for Oasys, but at this moment, we only support Optimistic rollups. As the development of Ethereum scaling solutions continues to progress, we will launch other suitable technologies at the right time.
The Hub-Lyer specializes in storing and exchanging data securely and in a stable manner, so it does not allow applications to run directly. Since Verse Builders manage the Verse-Layer, each can be designed to be permissioned, semi-permissioned or permissionless, with limited or no restrictions on dApps deployed. Through their authority, the Verse Builders can reduce scam projects and encourage high quality dApps allowing them to confidently invite a wide variety of users into their Verse Layer.
Hub-Layer (Layer 1)
High Network Stability: Block time is set to 15 seconds, the same as Ethereum, which is enough time to transfer data to globally distributed nodes. The Hub-Layer has enough resilience to operate with thousands of Verse-Layers connected, without the risk of network failure due to trouble with nodes.
High Scalability: In principle, the Hub-Layer can only be used for FT, NFT, Bridge, and Rollup contracts, only the Verse Layer will experience heavy traffic. Exceptionally, some contracts may be deployed on the Hub-Layer via governance approval, but these are controlled by the governance, so the stability of the blockchain remains unaffected. Also, when posting Verse-Layer transactions to the Hub-Layer, rollups are used to minimize the number of transactions onto the Hub-Layer. This enables scalability that does not depend on an increase of Verse-Layer transactions.
High Data Availability: Transaction data on the Verse-Layer (Layer 2) is reflected on the Hub-Layer (Layer 1), so any event in the Verse-Layer is verifiable.
Eco-Friendly: Oasys is an environmentally friendly blockchain that doesn’t consume energy unnecessarily because of its PoS-based consensus mechanism, so the cost of gas fees for developers will be minimal.
The Hub-Layer is an EVM-Compatible public blockchain of Layer 1 in Oasys. The node implementation is based on a forked version of geth (Go Ethereum) with minimal modifications and adopts PoS (Proof of Stake) as the consensus algorithm. The public nature of blockchain operation is ensured by allowing users to become node operators (validators). In order to provide a stable blockchain network, in principle, application execution is left to the Verse-Layer. The Hub-Layer is restricted to limited uses for rolling up batches of transactions, FT/NFT management, managing bridge information, and so on. Exceptionally, some contracts may be deployed on the Hub-Layer via governance approval, but these are controlled by the governance, so the stability of the blockchain remains unaffected.
The Hub-Layer stores the data gathered on Oasys securely and in a stable manner, but doesn’t run applications directly. To ensure stable propagation of information to globally distributed nodes, blocks are generated every 15 seconds to avoid excessively short block times. Also, to avoid meaningless transaction execution, we will avoid excessively low gas costs and set an appropriate minimum gas cost. The goal is to achieve a minimum gas cost of approximately 1 cent per transfer, depending on the prevailing market price.
Block generation is performed by a node called the validator, which is selected by PoS (weighted random shuffling) based on the number of OAS tokens staked. A period of time called epoch is set every 5760 blocks (about one day). When the last block of each epoch is executed, the staking reward for the epoch is determined, and the next validator is determined (incorporation of a new validator or withdrawal of an existing validator). Validator information is managed by a special validator contract.
Anyone can become a validator as long as they have at least 10 million OAS staked through the validator contract. First, the validator candidate registers their address with the validator contract. Then the OAS token holders may stake towards any validator or validator candidate’s address, and will also be able to unstake at any time. Staking and unstaking are reflected in the last block of this epoch. A validator candidate can become a validator from the next epoch by declaring itself as a validator and having 10 million OAS or more staked to its address. Conversely, if the total amount of staking falls below 10 million OAS, the validator will be automatically dropped from the next epoch.
The validator signs signatures using the registered address for block signing. If a validator is out of service for some reason, the next validator performs the block generation work that the validator has failed to do. The staking reward is determined at each epoch based on the operation time of the validator. For example, if the validator has been inactive for a long time, it will not be eligible to earn staking rewards. However, the staked OAS will not be harmed. If a validator fails to generate blocks more than a threshold number of times, it will be considered inactive and excluded from block generation.
Deployment of new smart contracts to the Hub-Layer is not allowed by design. Only smart contracts accepted by Oasys will be deployed. Transaction execution can be done by paying gas in OAS. Accepted smart contracts are those related to FT/NFT, Rollup, and Bridge.
A sustainable, public, decentralized network can be maintained by incentivizing network participants with tokens. It is also important for Oasys to create a token-based ecosystem, Tokenomics.
Tokenomics throughout Oasys is based on a multi-token economy, not a single token economy using only OAS tokens, Oasys' native token. Oasys includes 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.
The reason for adopting a multi-token economy instead of a single-token economy is to allow Verse Builders and Game Developers the opportunity to create their ecosystems freely. As Oasys expands its ecosystem as a gaming chain, it is necessary to prepare for various types of Verses and multiple genres of games to be deployed in the ecosystem. Some Verses are permissionless and are intended for games and Dapps of many different genres to be deployed. In contrast, others may only allow limited IP content to be deployed to create a unique worldview. Games on each Verse include many genres, from light casual games to heavy FPS and MMORPGs. The differences in the type of content and businesses of these Verses and games require flexibility for developers in the token design.
In a single-token economy, the total number of tokens issued and their allocation is initially determined, making it difficult for Verse and games to allocate tokens as they come onto the Oasys ecosystem one after the other. Also, tokens on Verse, games, and Dapps are linked to the entire Oasys ecosystem, making the utility more complex.
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. For example, a permissionless Verse can set gas fees as the Verse Token utility, while a Verse, which limits deployments to only its own IP content to preserve its worldview, can provide tokens to existing fans. Games and Dapps can also issue tokens, and the tokenomics can be designed optimally for each game or Dapp. For example, an MMORPG can grant tokens based on a user's contribution to the community, whereas a casual game can grant tokens for completing the game, and so on.
Oasys' native token is the OAS token which is the highest level token in the entire Oasys ecosystem and is issued on the Oasys public chain to maximize Oasys Tokenomics. And the total supply at launch is 10 billion tokens. Six years after the mainnet launch, OAS token holders will determine the additional supply of staking rewards through decentralized governance.
OAS tokens have the following uses.
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.
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.
The total initial supply is 10 billion OAS tokens which will be distributed according to the following allocations.
Circulating supply must be a well-balanced design that considers the long-term growth and sustainability of Oasys.
How and Where to Buy OAS token?
OAS has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy OAS token
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase OAS from the exchange.
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🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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In general, developing an NFT gaming platform from scratch is similar to creating any blockchain application. Still, there are some unique aspects of NFT game development that make them worthy of mentioning in a step-wise order. The steps below give you a glimpse of building an NFT gaming platform from scratch.
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