ONAM - The Future of CryptoCurrency Exchange

anyasiemmanuel (50)in #originalworks • 5 years ago (edited)

The advent of bitcoin in 2008 by satoshi, using the blockchain technology has led to exploration of optimizing cryptocurrency as an alternative for flat money due to its distinct quality. Today there are over 2000 various type of crpytocurrencies with different technology backing its operations. Early January 2018, the total market capitalization was near a trillion dollar with more mass adoption and explosion. However most of this data is made possible through cryptocurrency exchanges.

A cryptocurrency exchange is a digital platform where crypto assess can be exchange for either flat currency or other crypto assess by customers. It is very similar to stock exchanges but in it case, only digital assess are been traded - on like the former where companies stocks and rear natural resources are been exchange for flat. Today there are more crypto exchanges with huge trade returns and assessable in many part of the world than before.
Unlike BInance, Hubio, Bitress, ONAM exchange platform is a new innovative exchange that is taking over cryptocurrency exchange world by storm; with its highly secured platform and enhanced exchange experience.

The ONAM Exchange

Truly scalable, innovative, exchange with built in with enterprise grade security, risk management, and advanced trading tools. ONAM Exchange is ushering in a new era of standardization in digital asset trading by placing an emphasis on adhering to compliance, security, and usability.

The ONAM exchange is born out from the desire of a secure, fast, accommodating, easy and accessible exchange platform where customers can be willing and safely trade their crypto assess. The ONAM exchange is designed to address most of the challenges exchanges are facing in recent time therefore making trading safe for all.
Key challenges to be addressed by the ONAM platform include security, scalability, market manipulation, poor customer support, SEC and poor market liquidity.

What Solution will the ONAM Platform Provide?

Security
Every trader or customer want to trade in an exchange where there is unlikely hacking incident; an exchange where their funds are safe and easy to access at any time. The ONAM platform is designed not only with the industrial standard DDOs mitigation, anti-phishing and 2FA solution, it has also integrated its own developed proprietary Advanced Threat Prevention, Intrusion Detection, and Trade Surveillance system. With this highly efficient technology potential threat can be detected on time before it escalate to disaster.

High Accommodating Power
With the increase in crypto adopters, it has become necessary for exchanges to be designed in a way that unrestricted users can be accommodate in future. Unlike most exchanges ONAM platform is designed in such a way that unrestricted users can gain access to it platform. Its ultra- high performance and its special matching engine is capable of processing in excess of 10million transactions per second with latencies as low as 40 nanoseconds, making use of the GoLang programming language.

Good Customer Live Support and Compliance with SEC Exchange Regulations.
On the ONAM platform, trading activities will be monitored for any suspicious trading activity using machine learning making it impossible for market manipulations. On launching of the ONAM exchange platform there will be a 24hours, 7day and 365days of customer support using both the live chart and fast tickets supports. Also, Strict SEC regulations will be followed on the ONAM platform as to prevent future SEC sanctions and any loss of assets.

The ONAM platform will feature the following;

Advance trading tools - this will help the user to carry out full technical analysis and enhance his profit taking change.
Advanced order type - this include; trailing stops, take profit, iceberg orders, fill or kill, good till cancelled and others.
Margin trading - this allow users to pay a little percentage fee on borrowed funds in exchange for larger buying power.
Margin lending - this allow users to earn interest on their provided funds for margin trade on the platform.
Composite index fund - this allows customer’s access to a smart and secure way to get diversified exposure to crypto assets,
Paper trading - this allows novice and intermediate traders to trade on the platform without actual funds,
Modular UI – this allows users to customize their trading page to their taste,
Trade assistant – this will be in form of trade alerts and signals.
News and Announcement Feed – this will offer a real time update thereby enabling ONAM users to stay up-to-date with news and events happening in the crypto world and on theONAM platform.
Fair Exchange Fee - Unlike other crypto exchange the ONAM exchange will only take 0.05% on market takers and market makers. Also, deposition fee will be free on the platform.

The ONAM Token

The ONAM token named ONAM is an ERC-20 base token which can be stored in any ERC-20 based wallet. Unlike Binance BNB, the ONAM with a total supply of 300,000,000 ONAM, will be used only on the ONAM exchange platform. ONAM holders will be able to save up to 50% on trading fees and unlock other trading tools. ONAM will reflect the performance of the ONAM exchange as buy back we be employed to regulate the circulating supply and also give holder more profit. Interested individuals and investors can participate in the ONAM crowed sale and must pass ÀML and KYC verification process in accordance with SEC regulation of ICO’s.

Conclussion
If there is anything worth investing in, it is something that has a huge success to failure ratio with dedicated team whose goal and vision is to see that investors gain in their investment. The ONAM platform has high success factor with its solution to major challenges facing the crypto exchange market and that will bring more people into the platform thereby increasing its trade return. ONAM 2018

Abbreviations Used
KYC - Know Your Customer
SEC - Security Exchange Commission (USA)

https://twitter.com/anyasi_emma/status/1062291508618055680
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The ONAM Team