How to utilize the XOS blockchain
The trading sector has found itself a new and interesting issue that is the Crypto-verse. Normally the safety enjoyed by the traders needs to be in check by the companies only who keep on inventing these cryptocurrencies.
One such platform is the XOS platform. This platform introduced several concepts such as decentralized crypto, oasis, which is being utilized in such a way that it provides a leaderboard ranking for games and esports.
This article explores the details about the XOS coin, how to buy oasis crypto, and what is its behavior in the crypto market in terms of prices and trading volume.
Moreover, the article sheds light on the efforts of the Oasis platform to ensure traders do not experience hacking and crypto theft.
What is an Oasis coin?
About the oasis coin, it can be said on the platform of XOS, it is used as a decentralized crypto-currency.
Oasis coin is used by the XOS platform to create a non-centralized system of nodes. And this has been reported by the oasis network news. The nodes are present to provide an esports rating leaderboard. What is the purpose of this leaderboard? It monitors data across platforms predominantly gaming and governed by governance voting.
Additionally to the above, the oasis coin is a proof of stake/MN cryptocurrency that currently has a very limited circulating and maximum supply in the crypto market. The XOS platform currently has a 75%/25% reward system and this is in accordance with the coinmarketcap.
The XOS platform’s online ledger system, also popularly known as the XOS blockchain, records all the transactions using Oasis crypto.
How to purchase Oasis (XOS) coins.
For someone trying their hands first time in purchasing oasis coins, one has to trade for them on a cryptocurrency exchange that supports it. Currently, there is little to no such exchange; The only trade platform that supports the exchange of oasis coins is the southxchange that too for stronger currencies.
The list of strong currency includes:-
- Ethereum
- Bitcoin
- USD
- Any other stable coin or fiat currencies.
It is very essential for a beginner to first set up an account with an exchange such as Coinbase to start trading and following by buying Ethereum or bitcoin that you will exchange for the XOS coin.
Once you have done so, a storage wallet account should be established to connect with the XOS trading exchange platform, southxchange.
Following are the steps that will help you to acquire the XOS crypto:-
Signing up on Coinbase.
As mentioned before the first step is to get yourself signed up on an exchange platform, for example, Coinbase exchange. Later on, you will meet Coinbase’s KYC requirements. Here you have to share some of your details which generally any platform commonly asks for, these are the following:-
- Name
- Phone number
- Age
Once you have filled up all the KYC information they require, Coinbase will provide you a verification email on the mail address you shared and this will require you to set a two-factor authentication verification security feature.
How to Fix the Error 0x003 on Geforce Experience Error : 3 Easy Solution and Fixes
In addition, Oasis labs have also taken the initiative to make strategic partnerships and alliances to inform traders on protecting themselves against crypto theft and virus attacks.
Select a payment method.
A menu of payment methods is provided on the Coinbase exchange platform from which you can select your most preferred means. Most common are the three payment methods which are also present here you can choose from the three:
- Bank transfer.
- Credit/Debit card
Purchasing Bitcoin/Ethereum cryptocurrency.
Once you have selected a payment method, you can purchase BTC or an ERC-20 token. One should know how much USD is required for whatever amount of BTC or ERC-20 crypto will be acquired, this is a pre-requisite. For this information, you can browse the market BTC or ERC-20 crypto to USD exchange rates.
Establishing a wallet account.
A BTC or ERC-20 crypto once purchased, requires a safe place to store it. Fear not, for a purpose like these the crypto-verse offers several wallets such as the Metamask wallet.
You must Sign up for a wallet and link it to the southxchange exchange platform.
Purchasing oasis crypto.
After following all the above procedures, initiate the trade of BTC or ERC-20 crypto for oasis coins. It is up to you, you are free to choose to purchase the oasis crypto at market or limited price. The catch on limit price is that when you opt for it, the transaction is complete when the market price is the same as the limit price.
Here’s How You Can Binge Watch Your Favorite Shows on Netflix and Get Paid for It! Easy Mathod
The Oasis (XOS) crypto prices
The XOS crypto has a live price of $0.089746 and a trading volume of $0.00008975 as of 22nd December 2021, the pricing is according to the oasis coingecko crypto prices analysis. The very same platform indicates that the total supply is 648,489 even though coingecko does not identify the XOS market capitalizations and circulating supply.
Simultaneously on the contrary to above, the hedger shows that the XOS coin is currently trading at $0.90 with a daily price deviation of $0.088 – $0.090. Additionally, the platform has also been showing that XOS has a trading volume of $0.00.
For a first-time trader interested in oasis crypto, this article will guide you down a known path of how to go about buying, trading, and investing in oasis crypto and save from getting blindsided. Because it is easier to get lost or fall prey to some insecure reason when you invest in something like this.
Frequently Asked Questions
Is Oasis Network on Coinbase?
How to Sign up for Coinbase?
- Name
- Phone number
- Age
Once you have filled up all the KYC information they require, Coinbase will provide you a verification email on the mail address you shared and this will require you to set a two-factor authentication verification security feature.
What is the Price of OASIS?
