Introducing OASIS: A fully decentralized NFT Exchange on SmartBCH

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Written by
3 years ago
Topics: SmartBCH, NFTs

a NFT Marketplace on SmartBCH

It is our pleasure to introduce our new decentralized NFT Marketplace on SmartBCH: OASIS. A true DApp that connects directly to the OASIS DEx smart contract on the SmartBCH blockchain and does not require a centralized layer to operate. In the last month we have been working hard to deliver a platform for your NFTs, a central hub for everything NFT on SmartBCH. Explore, buy, sell, mint NFTs - we want to do it all!

About

Our team consists of 3 members, we are all Bitcoin Cash enthusiasts who believe that SmartBCH can be the perfect match for a blossoming NFT market for multiple reasons. In the current NFT markets, that is growing in an unprecedented rate, there have been some difficulties due to high gas fees and front-running of users on auctions at other chains. For example, there are many games based on NFTs and these issues effectively break them.

SmartBCH can provide users a seamless experience in trading NFTs because of its low fees and transactions re-ordering in blocks mechanism (front-running protection). We are convinced that Bitcoin Cash can make a great name for itself in the NFT markets and capture a great market share, so we are very excited to present our new platform that was developed from scratch exclusively for SmartBCH.

We say Hello!
- Jay (Creator of SmartScan)
- Tijn (Professional graphic designer)
- Fuego (Creator of CashCats) 

During the time that we build OASIS we stuck to a couple of core principles we think are important for a NFT Marketplace and always weighed our decision making to them: Frictionless, simple, functioning, and permissionless.
OASIS is built with a future-proof concept in mind, that anyone, anywhere, anytime can always log in and start buying, selling, sending, and receiving any NFT, with anyone, permissionless, and for the price they are comfortable with.
We tried to keep the design as simple as possible, so in the future when NFT tokens could become a common tool for people, using OASIS will be as easy as connecting your wallet to the DApp and you're ready to go!

Users will also be able to explore all the NFTs on SmartBCH, view them, and add them to their built-in wallet simply by pasting the NFT contract address in the search bar, making OASIS a fully functional NFT explorer as well as a marketplace.

Functions

Currently the functions of OASIS can be categorized in the following: Marketplace, explorer, and a wallet.

Marketplace

The Marketplace is where users can trade their digital assets with other users. Trades can take place in 3 types of auctions (Dutch, English, and Fixed). Every auction has a start and end time, which is a block number. OASIS will make an educated guess of the time and date a block number is met in the future (Note that all times displayed can slightly deviate, depending on how frequent blocks are validated on SmartBCH).

1.      Dutch Auction:
A Dutch auction has both a start and end price. The auction starts at the start time with the start price and as time passes the price slowly decreases towards the end price reaching it at end time. Once a user buys the asset during the auction, the auction ends, and the buyer will be able to claim the asset instantly.

2.      English Auction
An English has a single start price. During the auction users can place a bid for the asset, when the auction reaches its end time the highest bidder will be able to claim the asset.

3.      Fixed price
During the auction users can buy an asset for a fixed price. Once a user buys the asset during the auction, the auction ends, and the buyer will be able to claim the asset instantly

Explorer

Built-in search functionality will make it easy for users to find the specific tokens they are looking for. Any compatible ERC721 token can be viewed on OASIS by visiting its token link. This consists of a URL with both the contract address and Token ID. Other apps can easily link to this page to provide the user with token information. The token page will display all information. Such as image, token ID, token URI, and metadata if it can be retrieved. It will also show attributes if found in the metadata.

Wallet

The built-in wallet allows users to have a personalized overview of the assets they manage. Verified collections will display automatically, unverified collections can be added in easily by clicking a button that says: "add token" (much like the traditional MetaMask wallet). If all goes well, the contract is detected and any assets a user owns will be visible in their wallet. OASIS saves the contract in the users’ browser storage, so it will be there when they come back on another time. The wallet will also allow sending and receive assets between users. Users can list assets they own for auction on the marketplace. Assets that users buy in the marketplace will display automatically in their wallet. Users will also be able to view their running bids on auctions, as well as auctions they won under "claimable assets".

Launching OASIS x CashCats NFTs series

For the launch of OASIS, we have prepared an opening auction in collaboration with CashCats. Something we noticed in other crypto communities is that there are a lot of different sub-communities within them. Those sub-communities are often easily distinguishable by the NFT avatars the community members carry on their online profiles.

After the launch of SmartBCH we noticed that there aren't many options available for community members to put on a NFT Avatar that is easily recognizable as BCH-native. CashCats is one of the first BCH native DeFi communities with a distinguishable and unique flavour, something the team and many others cherish and, in our opinion, deserves a spotlight.

That's why we have created a beautiful set of 10,000 unique CashCats NFT's, who have been randomly generated so no 2 CashCats are the same. As much as we like to give more details about the NFT series, the collection will remain a surprise reserved for launch. Without giving away too many details: CashCats will be auctioned in series of 24 hour auctions in the first week of the launch. They will have multiple attributes and different varieties. Lots of colours, lots of taste. We made sure that there is a CashCats NFT out there appealing to anyone, and we made sure there are enough CashCats for everyone to choose from.

In the first 1-2 weeks, CashCats will be the only collection available on OASIS. We want to ensure that the OASIS experience is smooth, and everything is working perfectly, before we open the doors to new collections.

Roadmap

·  LAUNCH: (first 1-2 weeks)
OASIS will launch in partnership with CashCat NFTs. We will host multiple CashCats auctions in different auction varieties, also as a way to introduce the users with the 3 different types of auctions OASIS offers.

·  SELL: (3-4 weeks)
Once we conclude the CashCats sale, we will open the marketplace up for anyone to trade their NFTs on OASIS. We will provide options to sell any NFT you own, in the way that suits you best (English, direct sale for a fixed price, or the more exciting Dutch Auction).

·  EXPLORE:
OASIS will serve as an explorer for NFTs from day one. Finding the NFT you're looking for as easy as 1, 2, 3.

In the near future:

• ORDER HISTORY:
We will provide full order history that will show all your sales, purchases and auction bids.

• WALLET:
We want to expand wallet functionality to provide a perfect experience when managing your entire NFT collection.

• PARTNER:
Introduce a partnership program where projects can list their assets. OASIS will put them in a spotlight, and we'll offer customization specifically for your project. Got advanced and complex token attributes and meta data? We'll make sure your NFT will look exactly like you want to.

·  MINT:
Introduce minting tools to make it easy for users to create new NFTs. No technical skills required (our aim is still to be the most user friendly NFT Marketplace).

·  BROWSE:
Provide all the features users need to make exploring and finding your favourite NFT. Project specific filters, advanced search options and other customizations. We have a lot of plans here!

We will always listen closely to the community in deciding what features we will deliver first, ensuring the most important functionality will come to you first. This may alter our roadmap above.

With much love

Please make sure to follow us on social media for announcements, an official launch date and the exchange website will be made public in the very near future. Rest assure we are wrapping things up and are almost ready for launch, I hope you are as excited as we are! 


Much love & respect!

- OASIS Team

Telegram: https://t.me/OasisCash
Twitter: https://twitter.com/OasisCash
Read.Cash: https://read.cash/@OASIS

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Avatar for OASIS
Written by
3 years ago
Topics: SmartBCH, NFTs

Comments

I'm starting to get impatient. I hope they come to very good places. It is exciting that there is diversity in the market.

$ 0.00
3 years ago

Will be cool if the BCH NFTs will show up as well .... in the future

$ 0.00
3 years ago

Wow thank you for sharing your article gave me extra information.

$ 0.00
3 years ago

I hope this platform to be launched will be a blessing

$ 0.00
3 years ago

Amazing , thank you for sharing a information it was really helpful have a great day be safe💕

$ 0.00
3 years ago

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$ 0.00
3 years ago

Wao Amuzing It was really good news

$ 0.00
3 years ago

NFT market Place in SMARTBCH that was cool.

$ 0.00
3 years ago

New NFTs always excite the market, this is amazing

$ 0.00
3 years ago

Amazing project. It seems to rock on and make a revolution in the crypto world. keep it happened i personally support your project. Thank you

$ 0.00
3 years ago

Wow amazing

$ 0.00
3 years ago

Wow great guys, hope it’ll have great success I’ll surely partecipate. What about wallet tokens? I could use any token to buy NFT in the future, according so seller/auction options? After phase 1 will be a way to mint elsewhere NFT and sell on OASIS? Thanks in advance

$ 0.00
3 years ago