Oasis Network (ROSE) offers a highly scalable, secure, and privacy-focused Blockchain platform for developing decentralized applications (dApps). Its advanced technology and innovative dual-layer structure provide significant advantages over traditional Blockchain solutions, making it an attractive choice for developers and users in the decentralized finance (DeFi) space. ROSE coin plays a vital role in the network by facilitating transactions and staking, helping to maintain the overall health and security of the network. In this article, you can find answers to two frequently asked questions: What is Oasis Network (ROSE), and how to buy Oasis Network (ROSE) with TRY.
What is Oasis Network (ROSE)?
Oasis Network is a Blockchain platform designed to support the development of dApps using smart contracts. With its unique features that enhance scalability, security, transaction fees, decentralization, and privacy, it aims to be a significant player in the DeFi revolution by offering a solid alternative to Ethereum.
One of the key differences between Oasis Network and Ethereum is its scalability. The network’s performance increases with the addition of more nodes, allowing for faster transactions. This makes it more scalable than Ethereum, which can face congestion issues. Additionally, Oasis Network provides higher security for its users through advanced techniques and significantly lower transaction fees, which can be a major advantage over Ethereum’s sometimes exorbitant costs.
Privacy is a standout feature of Oasis Network, as it ensures that users’ personal data is not stored on the Blockchain. This focus on privacy makes Oasis Network particularly attractive for developers looking to create dApps that require secure and private transactions. The network’s advanced privacy measures set it apart from many other Blockchains that do not prioritize user privacy to the same extent.
The development of Oasis Network is led by Dawn Song and a team of over 20 experienced professionals from top companies and institutions such as Apple, Google, Amazon, Harvard, and Stanford. This diverse and knowledgeable team has played a crucial role in designing and growing Oasis Network, bringing a wealth of expertise to the project.
Oasis Network uses a sophisticated structure that includes Layer 2 to enhance efficiency. The consensus layer manages the network’s consensus mechanism based on the Byzantine Fault Tolerance protocol and Tendermint, ensuring secure and reliable transaction validation by validators. The ParaTime layer is responsible for executing transactions, allowing the Blockchain to process data quickly and efficiently. This dual-layer approach offers a more effective solution for scalability compared to other methods like parachains and sharding.
ROSE coin serves as the main network asset of Oasis Network and performs several essential functions. With a total supply of 10 billion coins, they are gradually released into circulation by the team. ROSE is used to pay gas fees on the network and can be staked by users and validators to enhance network security. In return for staking, participants receive interest on their coins, providing an incentive to contribute to the network’s stability.
How to Buy Oasis Network (ROSE) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Oasis Network (ROSE). On Binance TR, where accounts can be created quickly, over 100 cryptocurrencies, including ROSE, can be bought and sold. To buy Oasis Network (ROSE) with TRY on Binance TR, you can follow the steps below.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. For this, you need to go to trbinance.com and proceed from the “Create Account” step. In the first step of account creation, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identification number.
After entering the requested information completely and accurately, email/SMS verification will be performed to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify Your Account on Binance TR?
Identity verification on Binance TR is one of the security procedures that must be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can choose to complete the verification process from your phone or through the official Binance TR website. Note that you will need your mobile phone to perform identity verification from the website as well.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click on the “Copy URL” option to have the identity verification address sent to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first tap on the “Identity” option to continue.
Then a screen like the one below will appear. To continue with the verification process, first select the document type that is suitable for you.
After selecting the document type, you can continue by tapping on the “Upload Front Side” option. After taking a photo of the front side of the document according to the selected document type, tap on the “Upload Back Side” option and take a photo of the back side of the document and upload it. Make sure that the images are clear and the information in the photo can be easily read when taking photos of the front and back sides of your ID card or driver’s license.
Then you can continue by tapping on the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. Make sure that your face fills the camera area as much as possible after the camera opens.
Once you have completed all these steps correctly and completely, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account through all banks. You can deposit TL 24/7 and make uninterrupted transactions from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. Deposits up to 50,000 TL can be made 24/7 with FAST from other banks. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first go to trbinance.com, hover over the “Wallet” option at the top left of the homepage, and click on the “Deposit” option from the drop-down menu.
Then a page like the one below will open, and you can continue with the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. All you need to do is use the information displayed on the page of your preferred bank to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy ROSE Coin with TL on Binance TR?
After the deposit process, you can proceed to the TL to ROSE coin purchase step by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
After clicking on this option, the following page will open. In the search section on the right side of this page, type “ROSE” and click on the ROSE/TRY option from the results to go to the TL to ROSE purchase page.
Now the following ROSE trading page will open. On this page, in the red-marked area, you need to enter the price at which you want to buy ROSE in the first box and the number of ROSE you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy ROSE” button.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) through direct bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users can access market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls supported by Binance’s core functionalities through Binance TR.
