ONAM: Setting A New Standard For Crypto Exchanges

Overview

One of the major problem faced by the Cryptocurrency world is it limitation when it comes to mass adoption but this is now old news as ONAM (a Cryptocurrency Exchange) build for mass adaption with low latency of about 40 nanoseconds and a processing capability that exceed 10 million transactions per second. ONAM is nothing like it contemporary Crypto Exchange because it allows for a quarterly audit of its records from a third party which is a height that have never been attained by any known crypto exchange. ONAM present value to both crypto enthusiast and crypto traders by taking scalability, security and market manipulation very serious and putting strict measures I place to ensure high scalability, stealth security protocols and market manipulation prevention.

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Problems

Problem of Security: the crypto-space has experienced a lot of successful hack attack with Exchanges accounting for over 65% of the hack; over $266 million have been lost to security breaches only in the first half of 2018. Thus investors would rather keep their money than risk losing it. Experts predict that there will be larger scale attacks, fraud and thefts as Cruptocurrency goes mainstream.

Problem of Scale : Most Cryptocurrency exchanges where not built for mass adaptation, as it seems they were just testing the waters to where it may lead but as the world is becoming more and more interested in Cryptocurrency, Exchanges need to step up their game. Late 2017 and early 2018 experienced a massive influx of new investors and traders to the crypto-space. Many Exchanges experienced several hours of downtimes and in order to manage these overcrowding, bad strategies were introduced, such as disabling their registration portal, and limiting trade activities.

Market Manipulation: It is no news that the absent of a strict regulatory body in an exchange will always give room to some level of manipulating activities at the background of the general activities.

Poor customer support: If you have ever had any course to contact Crytocurrencries exchange support, I am sure you experienced delays that are unreasonable, ONAM team spent over six months conducting survey of customers from the top five exchanges and customer support was one of the main concerns raised with users report that they waited for weeks for submitted support ticket to be addressed.

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ONAM Solution

For Security: ONAM have developed proprietary Advance Threat prevention, Intrusion Detection, and Trade Surveillance system which is unique to ONAM in addition its Industrial Standard DDos Mitigation, anti-phishing and 2FA solution. ONAM utilizes the power of machine learning technology to help detect irregular activities and flag any potential problem in real-time, preventing breach before it is too late. Wilt a mandatory quarterly third party security audit, ONAM is set out be a standard for other Exchanges and wins the hearth of crypto seasoned crypto traders and potential investors as security is their top priority.

Scalability: ‘if the scaling is not fast then it is just too slow’ ONAM Exchange is engineered on the aforementioned belief , research have shown that many exchange matching engine cannot handle more than one or at most two million transactions per second. ONAM matching engines has the capability of processing over 10 million transaction per second with latency as low as 30 nanosecond. Golong programing language design by Google ensures this accomplishment.

Market Manipulation: with the help of machine learning, trading activities are monitored by ONAM Real-Time Market Surveillance, supervision and compliance system. The system analysis pre-trade and post-trade data for suspicious activities such as pass-through trade, unusually large trades, spoofing, wash trades, layering stuffing, hammering, front running and momentum ignition. Suspicious Activity Reports is generated from the strict monitoring of trade activities which can then be used by regulators n compliance with the current and future regulations. ONAM plans to lead by example and make the corner stone of their philosophy to surpass and eliminate market manipulation techniques to ensure safety and fairness of market conditions.

Contact Support: ONAM aim is to offer a customer support service that will WOW its customers. ONAM plans to achieve this by offering 24/7/365 live chats in multiple languages with the commitment of addressing the most common issues within the first 15 minutes of a support ticket being submitted. This is no small feat as very few organisations are providing such customer support within and outside the crypto-space. It does not end there; ONAM will also offer phone support within the first six month of full lunch to make sure no issue goes unresolved.

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Some Feature of ONAM Exchange

As we have seen so far, ONAM provides values that have never been presented before by a single entity in the crypto-space and I have mentioned few of what ONAM entails. Below we will find out more of what ONAM can do for it customers.

• Advance Oder Type: customers profit are preserved through advance order type such as trailing stops, take profit, iceberg order, fill or kill, good till cancel, one cancels order along with industrial standard limit order, market order and stop-limit options.
• Margin Trading and Margin Learning: Margin trading will allow users to pay a small fee in percentage on borrowed fund which will in turn allow for larger buying power in exchange while Margin lending allows users to earn interest on fund borrowed to margin traders on ONAM platform.
• Paper Trading: the paper trading feature is like the traditional demo account which allows novice and intermediate traders to trade, test market conditions and order types while improving their trading skill and strategy without risking actual capital.
• Trade Assistant: trade assistant provides trade signals and alerts to user while limiting risk base on account balance, current positions and trade size with a unique risk tolerance for individual trader. This is all powered by machine learning and it will greatly improve the profitability of a trader.
• Auto trading and back-testing trading strategy: auto trading is possible ad ONAM allows it users to create trading bot based on their own strategy with their preferred indicator, the created strategy can be back-tested for accuracy and proficiency or traders can just opt for the ready-made strategies created by expert traders on ONAM platform.
• Market Scanning Tools: this tool gives day traders the ability to create a predefined search parameter to find trading pairs that fit the search quarry. This will help traders, especially day traders to easily find trading assert with high volatility and take advantage of the opportunity it holds. This institutional market scanning tool is powered by machine learning.
• Trading Expert : users have the opportunity to be coached by experts in the Cryptocurrency trading world with teachings on technical analysis and fundamental analysis couple with the platform’s educational videos and articles. ONAM seeks to build s community of sound traders and help its users navigate their way in the finance world.

comparative features with other top Exchanges

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Summary

ONAM holds the holy grail most traders have been seeking, i mean the feature in this platform can transform the profitability rate of a struggling and add more edge to the trading armor of an expert trader, this will cause traders from other platform to flock to ONAM , fortunately ONAM is fully equipped to handle large numbers of transactions which should make her the leader of the Exchange parks.

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ONAM Token Allocation

like binance, ONAM token will give traders discount on fees charged for trading and other activities. ONAM token will be available only on ONAM Exchange.

Token Sale is still on get more information here

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Road Map

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Meet The Team

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For More Information

ONAM Website
ONAM WhitePaper
ONAM Telegram
ONAM Reddit
ONAM Medium
ONAM LinkedIn
ONAM Instagram
ONAM Twitter
ONAM Instagram
ONAM Bitcointalk

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Reference

ONAM Website
ONAM WhitePaper
ONAM Medium

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Image Reference

ONAM Website
ONAM WhitePaper

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twitted post: https://twitter.com/juceey1/status/1062630819611791360

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