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

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

Sep 22, Tue

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.

October hike odds climb toward 60% as Goldman and BofA both flip — what Warsh's "dose of accommodation" really changed Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Author Irene Q.

Sep 23, Wed

Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Memory chips surge, Nasdaq notches a second straight record close — why the Dow fell 185 points anyway Micron gained 5%, SanDisk 6.8%, Seagate 4% and Western Digital 3% as the memory complex led the Nasdaq Composite to a second consecutive record close of 27,244.28. But the Dow fell 185 points as JPMorgan, Wells Fargo and Schwab slid more than 3% each — a split tape that says more about positioning than about the economy.

Author Irene Q.

Sep 23, Wed

Micron gained 5%, SanDisk 6.8%, Seagate 4% and Western Digital 3% as the memory complex led the Nasdaq Composite to a second consecutive record close of 27,244.28. But the Dow fell 185 points as JPMorgan, Wells Fargo and Schwab slid more than 3% each — a split tape that says more about positioning than about the economy.

US input costs rose at the fastest pace in four years — the September flash PMI beat is an inflation story, not a growth story US September flash PMIs came in far above expectations, with the composite at 58.4, a five-year high. But the detail that moved markets was input cost inflation at its fastest since October 2022, driven by fuel, transport and supply shortages. Brent is back above $100 and the 10-year Treasury yield has hit its highest since 2007.

Author Suzie

Sep 24, Thu

US September flash PMIs came in far above expectations, with the composite at 58.4, a five-year high. But the detail that moved markets was input cost inflation at its fastest since October 2022, driven by fuel, transport and supply shortages. Brent is back above $100 and the 10-year Treasury yield has hit its highest since 2007.

Gold Price Forecast: Gold Drops Below $4,300, Will It Continue to Fall? As of the European session on September 24, gold prices (XAUUSD) extended their correction, dipping below $4,300 intraday to hit a low of $4,262.45. After previously rebounding close to $

Author TradingKey

Sep 24, Thu

As of the European session on September 24, gold prices (XAUUSD) extended their correction, dipping below $4,300 intraday to hit a low of $4,262.45. After previously rebounding close to $

Popular Symbols