Oasis Network (ROSE) presents an innovative and highly scalable Blockchain platform that prioritizes security and privacy for the development of decentralized applications (dApps). With its advanced technology and unique dual-layer structure, it offers significant advantages over traditional Blockchain solutions, making it a popular choice among developers and users in the decentralized finance (DeFi) sector. The ROSE coin plays a crucial role in facilitating transactions and staking, contributing to the overall health and security of the network. In this article, we will provide answers to two frequently asked questions: What is Oasis Network (ROSE), and how can you purchase Oasis Network (ROSE) using TRY?
Table of Contents
1. What is Oasis Network (ROSE)?
2. How to Buy Oasis Network (ROSE) with TRY?
3. How to Open an Account on Binance TR?
4. How to Verify Your Account on Binance TR?
5. How to Deposit TL on Binance TR?
6. How to Buy ROSE Coin with TL on Binance TR?
7. What is Binance TR?
What is Oasis Network (ROSE)?
Oasis Network is a Blockchain platform designed to support the development of dApps using smart contracts. Its unique features, including enhanced scalability, security, transaction fees, decentralization, and privacy, position it as a significant player in the DeFi revolution, offering a reliable alternative to Ethereum. Stay up to date with the latest technology news by visiting NEWSLINKER.
Oasis Network differentiates itself from Ethereum primarily through its scalability. By adding more nodes to the network, its performance improves, resulting in faster transactions. This scalability advantage sets it apart from Ethereum, which can experience congestion issues. Furthermore, Oasis Network provides enhanced security for users through advanced techniques and significantly lower transaction fees, addressing one of the major drawbacks of Ethereum, which sometimes incurs high 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 appealing to developers who require secure and private transactions for their dApps. The network’s advanced privacy measures distinguish it from other Blockchains that do not prioritize user privacy to the same extent.
Dawn Song and a team of over 20 experienced professionals from renowned companies and institutions such as Apple, Google, Amazon, Harvard, and Stanford lead the development of Oasis Network. 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 utilizes a sophisticated dual-layer 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 executes transactions, enabling the Blockchain to process data quickly and efficiently. This dual-layer approach offers a more effective scalability solution compared to other methods like parachains and sharding.
The ROSE coin serves as the primary network asset of Oasis Network and fulfills several essential functions. With a total supply of 10 billion coins, they are gradually released into circulation by the team. ROSE is used for paying gas fees on the network and can be staked by users and validators to enhance network security. Participants receive interest on their staked coins, providing an incentive to contribute to the network’s stability.
How to Buy Oasis Network (ROSE) with TRY?
For investors in Turkey looking to purchase Oasis Network (ROSE), Binance TR is the most suitable cryptocurrency exchange. Binance TR allows for quick account creation and offers over 100 cryptocurrencies, including ROSE, for buying and selling. To buy Oasis Network (ROSE) with TRY on Binance TR, follow the steps below.
How to Open an Account on Binance TR?
Opening an account on Binance TR is a straightforward process. Visit trbinance.com and proceed to the “Create Account” step. In the first step, provide basic information such as your email address, phone number, name, surname, date of birth, nationality, and T.C. identification number.
After entering the required information accurately, undergo email/SMS verification to confirm the provided details. Upon completing this process, proceed to the second step, which involves identity verification (KYC).
How to Verify Your Account on Binance TR?
Identity verification on Binance TR is a necessary security procedure that must be completed before engaging in cryptocurrency trading and during account creation. You can choose to complete the verification process through your phone or the official Binance TR website. Keep in mind that you will need your mobile phone for identity verification on 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 select “Verify.” Next, scan the QR code that appears using your phone’s camera and continue the process on your phone. If you are unable to scan the QR code, click on “Copy URL” to receive the identity verification address via SMS on your phone.
Upon entering the address on your phone or scanning the QR code, a screen similar to the one below will appear. Tap on the “Identity” option to proceed.
The following screen will allow you to select the appropriate document type for the verification process.
After selecting the document type, continue by tapping on “Upload Front Side.” Take a clear photo of the front side of your ID card or driver’s license according to the selected document type. Then, tap on “Upload Back Side” and provide a clear photo of the back side of the document. Ensure that the information in the photo is easily readable.
Proceed by tapping on the “Selfie” option. Your phone’s front camera will open, and you will need to scan your face. Fill the camera area with your face as much as possible.
Once you have completed all the steps correctly and thoroughly, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
Depositing TL into your Binance TR account is a simple process that can be done 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, visit trbinance.com, hover over the “Wallet” option at the top left of the homepage, and click on “Deposit” from the drop-down menu.
The following page will open, allowing you to continue the deposit process by selecting your preferred bank. If your bank is not yet integrated with Binance TR, click on the “Other Banks” option.
In this example, we will continue with Vakıfbank, but the process is the same for all other banks. When you select Vakıfbank, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. Use the displayed information to transfer the desired amount into your Binance TR account via transfer, EFT, or FAST.
Once your bank completes the transfer process, the funds you sent will automatically appear in your Binance TR account wallet.
How to Buy ROSE Coin with TL on Binance TR?
After completing the deposit process, you can proceed to purchase ROSE coins with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
Upon clicking this option, the following page will open. In the search section on the right side, type “ROSE” and select the ROSE/TRY option from the search results to access the TL to ROSE purchase page.
The ROSE trading page will appear. In the red-marked area, enter the desired purchase price for ROSE in the first box and the number of ROSE coins you wish to buy in the second box. After entering the amount, complete your purchase by clicking the “Buy ROSE” button.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange in terms of trading volume, launched its platform Binance TR specifically for cryptocurrency investors in Turkey in 2020. Binance TR, 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 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.
Binance TR provides market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls supported by Binance’s core functionalities.
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Disclaimer:
The information in this article should not be considered investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry inherent risks. It is recommended to conduct thorough research before making any investment decisions.
