Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Oasys coin is surging on Upbit listing, partnerships; Executive remains positive

Source Investing

OAS token price skyrocketed last week after South Korea’s largest crypto exchange, Upbit, listed the coin associated with Japanese gaming blockchain Oasys. Upbit joins the ranks of other exchanges listing the native token, including Crypto.com, OKX, HTX, among others.

Founded in Japan and Singapore, Oasys is a decentralized platform supported by major players in the gaming industry, including Ubisoft and SEGA.

With its gaming-focused features, Oasys distinguishes itself in the crowded space through its architecture, which includes a primary layer-1 blockchain and an Ethereum-compatible layer-2 scaling solution. The platform's capabilities also enable each individual game to create its own unique version, or "Verse”.

In exclusive comments to Investing.com, Oasys shared that major game developers building on their platform is a game-changer. "The decision of major game developers to build on Oasys is transformative, paving the way for mass adoption of blockchain games by incorporating high-quality and popular IP titles," said Daiki Moriyama, Director at Oasys.

The move represents a major transition towards more scalable and user-friendly blockchain solutions in the gaming industry, he added.

By using Oasys's ecosystem, these games can benefit from faster transaction speeds and lower fees, upgrading the overall user experience.

"Integrating large-scale games increases the volume of transactions, which not only tests but also strengthens our ecosystem's capacity and stability," Daiki further explains.

Oasys is also optimistic about the upcoming listing of their tokens on Upbit.

"We are confident that the listing on Upbit reflects the expansion of the Oasys ecosystem and signifies medium to long-term growth expectations for the brand, driven by the future onboarding of major games, rather than mere speculation," they said.

This listing is expected to improve the liquidity of $OAS, making it more accessible to Korean investors.

OAS is the utility token of Oasys, offering staking as one of its primary functions. By staking their OAS tokens through Oasys Hub, users can earn rewards in the form of additional OAS tokens and other rewards from validator-run campaigns. Moreover, OAS holders can participate in the platform's decentralized governance system.

Oasys was created to address two major issues in the blockchain world: high gas fees and slow transaction speeds. Despite being a relatively new player in the market, Oasys shares its goals with infrastructure developers like Solana, Avalanche, and Polygon, all striving for a scalable blockchain ecosystem.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Bitcoin falls below $75,000 as the CLARITY Act fails in the Senate — what the vote means for crypto The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Author Suzie

Sep 16, Wed

The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Dollar index tops 100 for the first time since July as the Fed's hawkish dot plot sinks in The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Author Irene Q.

Sep 17, Thu

The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Gold ends three-week slide at the $4,400 line — eight straight days of ETF inflows vs a 5% 10-year and a 100 dollar Spot gold closed Friday at $4,378.39, up 0.84% on the day and about 0.8% for the week — its first weekly gain in four weeks — with the intraday high of $4,399.67 leaving it 33 cents shy of the $4,400 line. Gold ETFs have now logged eight straight sessions of inflows, but with the 10-year back above 5% and the dollar index near 100, here is what decides whether this is a reversal or a bounce.

Author Suzie

Sep 20, Sun

Spot gold closed Friday at $4,378.39, up 0.84% on the day and about 0.8% for the week — its first weekly gain in four weeks — with the intraday high of $4,399.67 leaving it 33 cents shy of the $4,400 line. Gold ETFs have now logged eight straight sessions of inflows, but with the 10-year back above 5% and the dollar index near 100, here is what decides whether this is a reversal or a bounce.

Gold Price Forecast: Gold Eyes Key $4,400 Resistance as Falling Oil Prices Ease Inflation Pressure As of the Asian session on September 21, gold prices (XAUUSD) maintained high-level consolidation intraday today following a strong rebound last week, with the latest price trading around

Author TradingKey

Sep 21, Mon

As of the Asian session on September 21, gold prices (XAUUSD) maintained high-level consolidation intraday today following a strong rebound last week, with the latest price trading around

Dollar holds above 100 near a 3-month high — three Fed speakers and a $69 billion auction land tonight The dollar index closed at 100.43 on Monday, its highest close since late July, after a weekly gain of about 1% — the best in more than three months — and is holding above the 100.00 handle in Asia. Three Fed officials speak tonight alongside a $69 billion two-year note auction, the first leg of $183 billion of Treasury supply this week.

Author Suzie

20 hours ago

The dollar index closed at 100.43 on Monday, its highest close since late July, after a weekly gain of about 1% — the best in more than three months — and is holding above the 100.00 handle in Asia. Three Fed officials speak tonight alongside a $69 billion two-year note auction, the first leg of $183 billion of Treasury supply this week.

Popular Symbols