ONAM" A compliant, scalable and secure crypto exchange platform"

Since the introduction of Bitcoin in 2009 till today, there has been a massive growth of cryptocurrencies invented and some yet to be invented. The crypto industry has a marketcap of approximately 1 trillion USD and it’s expected to increase once there is a massive adoption of crypto in the coming years.

Due to its current and potential growth, many cryptocurrency exchanges have encountered large scale security breaches, scalability issues and this has led to the loss of massive crypto assets by individuals.

What is ONAM?

ONAM is a crypto exchange platform built to address the current and future challenges faced by the current exchanges. With compliance, scalability and security as its core, ONAM is packed with the necessary features suited for the current and future needs of the customers.

Source

However, before we look into these features packed by the platform, we have to know about the challenges faced by the current crypto exchanges and ONAM’s solutions to these challenges.

Challenges faced by the current cryptocurrency exchanges

Security breaches

In 2011 and 2014 one of the biggest crypto excahnges Mt.Gox was hacked and approximately 1.35 million BTC was lost in these attacks. Many other exchanges have experienced these security breaches and it has been predicted by security experts that these attacks and frauds would increase once cryptocurrencies become more mainstream in the coming years.

Scalability limits

Many of the current cryptocurrency exchanges are not engineered to keep up with the current and upcoming growth of the crypto market. This limitation was exposed during the massive influx of new traders and investors late 2017 and early 2018. Many exchanges couldn’t keep up with this influx and had to limit the rate of new investors and traders on their platform.

Market manipulation

Market manipulation is one of the problems faced in the crypto industry. Some of the Current crypto exchanges are riddled with market manipulation techniques such as pump and dump, dark pool trading, whale trades and wash trading. Novices are prone to these tactics and there is lack of regulation by cryptocurrency exchanges to tackle this issue.

Lackluster customer support

Some of the cryptocurrency exchange lacks the appropriate channel and personnel for customer support. It takes weeks for individuals to get a feedback on their submitted support tickets.

Lack of regulatory compliance

Lack of a good regulatory compliance in most exchanges is one of the reasons why some of these exchanges involve in market manipulation and these has led to the loss of potential and current investors in the crypto industry.

ONAM’s solutions to these challenges

Security

Hackers are constantly inventing new ways to bypass security protocol and these calls for continuous monitoring of the necessary tools to avoid these attacks. With the addition of industry standard DDoS mitigation, anti-phishing and 2FA authorization; ONAM has successfully developed Advanced Threat Prevention, Intrusion Detection and Trade Surveillance systems.

These systems are powered by machine learning along with encrypted databases, and with the help of these systems any threat to the platform would be detected in real-time, preventing breaches before it is too late.

Market manipulation

In order to prevent market manipulation, ONAM has employed the use of Real-Time Market Surveillance, Supervision and Compliance system monitors for monitoring suspicious trading activities on the platform.

These systems are able to analyze pre-trade and post-trade activities, in order to generate any suspicious activity reports. With these systems in place the platform would be able to eliminate market manipulation.

Scalability

Many exchanges are unable to handle more than one or two million transactions per second. In consideration of this current and future changes to the crypto industry, ONAM’s engineering team has successfully created an ultra-high performance engine utilizing GoLang programming language. This engine is capable of processing in excess of 10 million transactions per second with latencies as low as 40 nanoseconds.

Customer support

ONAM aims to offer the best support in the crypto industry by implementing 24/7/365 live chats in multiple languages on their platform as well as phone support and as well address the basic issues within 15 minutes of creating a support ticket.

Regulatory compliance

ONAM has successfully integrated with one of the top legal firms in the United States to ensure transparency with potential investors and traders in the industry, as well as handle any future legal complications the company might face.

ONAM platform features

• Advanced order types
  This feature helps the customer reduce their loss and maximize their profits and as well becoming more successful in their daily trading activities.

• Margin trading
  Users can be able to pay a small interest fee on borrowed funds for higher purchasing power.

• Margin lending
  This feature allows users to earn interest on funds lend to the margin traders and as well pick their own rate and duration terms.

• Composite index fund
  This gives the users access to diversify their crypto assets.

• Paper trading feature
  This feature is more like a dummy account for novices to learn and improve their trading skills without capital commitment.

• Modular UI
  Enables users customize their trading page to suit their needs.

• Trade assistant
  This feature provides trade alerts and signals; thereby limiting the risk based on the users’ current position, account balance and user tolerance, thus maximizing profit.

• Auto-trading
  Creating trading bots based on the users strategy or the already provided strategy on the platform.

• Social media and market sentiment analysis tool
  A powered machine learning tool that provides the sentiment analysis of a market so as to enable the user stay ahead of traders on other platform.

• Market scanning tool
  A powered machine learning tool that would help the user find the most volatile assets to trade on based on their criteria input.

• Advanced charting
  Provides chart on any given asset within the platform without the need of a 3rd party charting tool.

• Trading experts
  They would educate the novice traders the basic fundamentals about trading through videos and articles.

• News and announcement feed
  Users would be current with any crypto related news and announcements.

• Push notifications
  Users would receive notification on any activities on the account or the exchange.

• OTC trading
  This would ensure the smooth swap of funds and assets by employing the use of trustless smart contracts.

• Multi-language UI
  Users would be able to access the platform in their preferred language.

• Multi-language 24/7 live chat support
  Ability to receive support in any preferred language of the user.

• Fix server for institutional traders

• Advanced and custom APIs

• Affiliate programs

ONAM’s Features compared to other exchanges

Source: WhitePaper, Page 13

Use case: Paper Trading

Chris is novice to the crypto industry and he wants to venture into the crypto trading. He has heard about the potential goldmine in the crypto industry and has interest to participate in the industry.

However, he has no fundamental knowledge on how to analyze and trade on the market. He encounters a friend ken a crypto trader that introduces him to ONAM’s paper trading feature.

Chris signs up to ONAM and made use of the paper trading feature as well as other tools necessary to learn crypto trading, so as to begin his journey as a crypto trader.

Conclusion

The crypto industry is currently growing and with this growth, more sophisticated and reliable means are needed so as to handle the challenges the influx may cause. A lot of cyptocurrency exchanges are not advanced to handle this change as well as the potential security hacks that come with it.

ONAM has successfully implemented the necessary tools and strategies needed to accommodate the current and potential changes in the industry. ONAM’s enterprise grade security system, compliance system and high scalability machine would serve as the perfect cryptocurrency exchange for the current and the future investors/traders.

Roadmap

Team

Advisors

For More Information and Resources

• ONAM Website
• ONAM Whitepaper
• ONAM Telegram
• ONAM Reddit
• ONAM Medium
• ONAM Linkedin
• ONAM Instagram
• ONAM Twitter
• ONAM Bitcointalk

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My tweet link

https://twitter.com/ikekingzz/status/1062401591611981827?s=19

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