Cryptocurrencies are becoming part of daily life and have been the focus of savvy investors in the last few years, given their fast acceptance, greater institutional (and celebrity) support, and continual attention-grabbing news. While bitcoin and Ether have become global cryptocurrencies and ideas, there are other, lesser-known cryptos such as XOS Crypto and OASIS Crypto that holds great potential. Let’s discover more about XOS Crypto and Oasis Crypto.
What are XOS crypto and Oasis Crypto?
OASIS (XOS) is a decentralized digital asset that runs on its blockchain. Designed with privacy and scalability in mind, Oasis is a smart contract platform that is based on layer one proof-of-stake. Oasis bills itself as a project that is privacy enabled and can be scaled for open finance. Hence, It provides a standard for data market and has the potential to serve in the next generation of blockchain.
What You must know about the history of XOS Crypto?
After Bitcoin’s debut in 2009, dozens of similar digital currencies emerged. The 2018 debut of XOS, commonly known as Oasis, is one example of such a cryptocurrency. Dawn Song, a professor at the University of California in Berkeley, founded the Oasis Labs in 2018. Oasis Labs is the primary creator of the Oasis Network. When it comes to open finance, Oasis Network is the Cosmos SDK-based smart contract platform that has your privacy in mind. Applications and use cases that protect user data and anonymity are given top priority in this project.
How does the Oasis blockchain work?
Tokenized Data is a new paradigm that is enabled as a result of the novel mix of anonymous computing and blockchain that is provided by the Oasis Network. Users of Tokenized Data can decide how their most sensitive information is used by the services. Furthermore, users gain incentives for doing so by staking their data with applications that wish to study it.
Coin Distribution of Oasis Coin
After Bitcoin’s debut in 2009, dozens of similar digital currencies emerged. The 2018 debut of XOS, commonly known as Oasis, is one example of such a cryptocurrency. Dawn Song, a professor at the University of California in Berkeley, founded the Oasis Labs in 2018. Oasis Labs is the primary creator of the Oasis Network. When it comes to open finance, Oasis Network is the Cosmos SDK-based smart contract platform that has your privacy in mind. Applications and use cases that protect user data and anonymity are given top priority in this project.
How does the Oasis blockchain work?
Tokenized Data is a new paradigm that is enabled as a result of the novel mix of anonymous computing and blockchain that is provided by the Oasis Network. Users of Tokenized Data can decide how their most sensitive information is used by the services. Furthermore, users gain incentives for doing so by staking their data with applications that wish to study it.
Coin Distribution of Oasis Coin
There are now 1.5 billion ROSE tokens available for purchase on the Oasis Network. Meanwhile, the total supply of 10 billion ROSE. Staking awards consisting of around 2.3 billion tokens are automatically paid on-chain to various stakers and delegators for their efforts in maintaining the integrity of the network.
How to Purchase Oasis (XOS Crypto) Coins
To get your hands on any oasis coins, you’ll need to do some trading on a platform that caters to digital money. Oasis coins can only be traded for more powerful currencies on popular trading platforms at present. Among them are: Ethereum, Bitcoin, and US Dollars. To acquire XOS coins, first-time traders, first open an account with a cryptocurrency exchange, such as Coinbase, and then purchase Ethereum or bitcoin.
Oasis Wallet: The Ultimate solution to maintain your crypto?
The Oasis Network is the first privacy-enabled decentralized cryptocurrency for transparent finance and standards for data economy; it is built for the next generation of blockchain technology.
The Oasis Network’s high throughput and secure design make it ideal for powering private, scalable Defi, which in turn revolutionizes Open Finance. This makes it accessible to a far wider audience than just traders and early adopters.
Earning XOS on Oasis Blockchain
There is a limited quantity of Oasis Crypto, and it belongs to the Stake/Masternode category of cryptocurrencies. Currently, OASIS Nodes earn 0.15 XOS for each reward and PoS receive 0.05 XOS, with a 75%/25% reward structure and 0.2 XOS for every block. Block 1553601 marks a reduction in payments from 0.2 XOS to 0.1 XOS, with OASIS Nodes receiving 0.0725 XOS and PoS receiving 0.025 XOS.
Unlike many other cryptocurrencies, XOS is rather scarce since its supply is expected to reach one million in more than four years. Because of this, dealings involving a small amount of XOS will become the standard.
Best Alternatives to XOS and Oasis Crypto
Even though XOS and Oasis Crypto are among the best Altcoins there are several alternatives you can choose from as well.
· Ape Coin
The ape coin is the cryptocurrency that will be used in the projects of the Bored Ape Yacht Club. It is an NFT project that is enjoying the backing and support of numerous celebrities. Furthermore, the ape coin has a lot of utility and investing opportunities for new investors. The roadmap of the BAYC will predict the results of the investment in ape coin.
· Venus
Venus enables Binance Smart Chain’s first decentralized stablecoin (VAI). It can be used to purchase a wide variety of cryptocurrencies since it is supported by a decentralized network of stablecoins. Protocol-held funds can also be eligible for APYs depending on the state of the market. Using your vTokens as collateral, you can get a quick loan via the Venus Protocol.
· Zerion
Zerion is also one of the projects like Oasis. It enables users to keep track of all Defi holdings using Zerion. In the current era, the whole Defi industry is at your fingertips. Finding, filtering, and assessing all available Defi assets is now simpler than ever. So, Zerion helps you to understand which coins are currently trending and see their return histories. Remember, Defi assets are among the most valuable on the market.
· Aave
Aave is also a similar project to Oasis. It is a free and decentralized protocol for non-custodial liquidity that generates income on deposits and loans. Users may take part in Aave’s decentralized money market as lenders or savers. This facility is available thanks to the protocol’s dual nature as a non-custodial asset. Moreover, Investors who deposit funds into the market earn interest on their money. Meanwhile, they sit back and collect the dividends. A loan can also be obtained either by over-collateralization or under-collateralization.
Conclusion
In conclusion, the cryptocurrency of the decentralized XOS network is called an oasis coin which has become quite famous over the past few years. It has become famous due to its amazing facilities like profit and wallet availability. However, if you are not sure about jumping right into Oasis then you should consider the above-mentioned projects that are similar to Oasis. Lastly, always remember, that the world of crypto needs a lot of due diligence. So, always do a lot of research from multiple sources before taking a final trading decision.
