- Upbit, South Korea’s largest cryptocurrency exchange, announced the listing of Oasys (OAS), leading to a 40% surge in its value.
- The new OAS trading markets on Upbit will include OAS/BTC and OAS/USDT, starting from May 23rd.
South Korea’s top cryptocurrency exchange, Upbit, has announced the listing of Oasys (OAS) on May 23rd. This strategic move has led to a significant price surge for OAS, marking a 44% increase at the time of writing.
New Trading Pairs and Market Impact
Upbit will introduce two trading pairs for OAS: OAS/BTC (Bitcoin) and OAS/USDT (Tether). Trading is set to commence at 16:00 KST on the day of the announcement. Upbit’s influence in the cryptocurrency market is substantial, with a 24-hour trading volume of $1.6 billion, ranking it fifth globally. The Korean investor community is known for its enthusiasm, often driving newly listed coins to rapid gains. Recent examples include Akash Network (AKT) and Astar Network (ASTR), both of which saw double-digit growth following their listings on Upbit.
Oasys (OAS): A Revolutionary Blockchain for Gaming
Oasys is a blockchain platform specifically designed for the gaming industry, operating under the concept of “Blockchain for The Games.” It aims to serve game developers and players by providing a dedicated infrastructure for gaming IP (intellectual property) holders. Initial validators for Oasys include major Japanese gaming and Web3 companies such as Square Enix, Sega, Bandai Namco Research, GREE, and bitFlyer. These partnerships highlight the robust support and credibility of the Oasys network.
Oasys aspires to evolve into a public good, having launched a governance system in January 2023 to facilitate decentralized decision-making. The OAS token is integral to this ecosystem, used for staking and governance purposes.
Strategic Vision and Future Prospects
In January 2024, Oasys unveiled its “Oasys Dragon Update,” inspired by the Year of the Dragon. This new vision focuses on three key pillars: interoperability, ecosystem development, and killer content. Under this strategy, Oasys aims to foster partnerships that enhance its ecosystem, making it a formidable player in the blockchain gaming arena.
As of now, OAS is listed on domestic exchanges such as Bitbank and SBI VC Trade, but it has yet to make its debut on major international exchanges like Binance and Coinbase. The anticipation of such listings further fuels optimism about Oasys’s growth prospects.
With Upbit’s announcement and the ensuing market reaction, Oasys (OAS) has positioned itself as a noteworthy contender in the blockchain space, particularly within the gaming sector. This development signifies a promising advancement for both Upbit and Oasys, underscoring the dynamic nature of the cryptocurrency market and the potential of blockchain technology to revolutionize various industries.