ONAM: CRYPTOCURRENCY EXCHANGE WITH A DIFERENCE
The crypto community is a very competitive one but there are still issues limiting the expected throughput. Just like a business, it would be bad of competitors to cast bad impression of yours. But what becomes the case when the problem surfaces within your business?
At the moment, the trillion dollar cryptocurrency market has some of its oppositions coming from within it. During ICOs, many projects promise to outshine Bitcoin but during the launch and subsequent use, they are as useful as a shredded paper.
ONAM exchange, another decentralized project had therefore sought to fill current loopholes. Instead of toeing the line of similar projects that simply want benefit from the market at the expense of users, it opted for crypto trading with the intention of making transactions faster.
WHY ONAM?
It is not out of place seeing a user with multiple accounts in different exchanges. If the first platform they have was viable, there won’t have been need to port to others. The major issue chasing traders away is low throughput on current exchanges – a situation that had seen many of them matching less than a million transactions every second.
On ONAM exchange, there is efficient matching engine that can handle 10 million transactions at a go. This seems pipedream when compared to less than 3 million TPS on other exchanges. Hence, is ONAM’s order matching a fictitious one?
Absolutely not! It makes use of the programming language, GoLang invented by popular search engine, Google. The matching will be conducted within 40 nanoseconds.
TAKING OFF HAWK'S EYES
Cryptographic currencies have been subject of discussion and in addition, several eyes are on them to discover a slip. There have been restrictions and manipulative trading. ONAM exchange is taking off hawk eyes from crypto exchanges by provisioning supervision of trades on the platform. To this end, irregularities will lead to disqualification from further participation in trades. Hence, inordinate practices such as increasing trade volumes when not supposed will be detected and once suspicious reports on such activities have been generated, a trader found culpable will be cut off.
COMPLYING WITH REGULATIONS
The major goal of the exchange is to make trades seamless. But there is also intention to operate within the ambient of SEC regulations. At the moment, many projects that had embarked on fund-raisings have not fully complied with laid-down rules. Thus, they’re at risk of being dragged to court.
ONAM on its part is working with available regulations and had also secured the service of a top U.S-based legal firm to handle its legal end if there is a dispute. This gives it edge over other exchanges as it can easily have its way around.
SECURITY
Apart from monitoring transactions, ONAM exchange is concerned about protecting its platforms from cyber-attacks that have seen many assets on crypto exchanges lost. It features threat preventive measures and ability to detect intrusion.
Its advanced threat prevention platform aims at fishing out issues and flagging them. On quarterly basis, third-party security platforms will be audited just as two-factor authentication is also in place for additional security.
WHY ONAM WILL FLUORISH
There is support for margin lending where traders can borrow funds for their trades. On the other hand, lenders that offer the loan are qualified to earn interests from issue loans. Borrowers on their part will only pay small fees to service the loan.
PAPER TRADING DISTINCTIVE FEATURE OF ONAM EXCHANGE
Though exchanges are in their hundreds and traders are counting in thousands, an average investor would have loved to be part of the system but because there were no guides to learn from, they choose to keep away. This was perhaps many were reluctant to accept Bitcoin when it was first launched.
ONAM exchange hedges this downside by providing a platform that will be b beneficial to both amateurs and professionals. Paper trading has to do with a miniature exchange where sample of what is going on in main exchanges are all about.
Here, near-professionals can equip themselves ahead of the task. Users can also take advantage of the Modular User Interface to customize their trading fonts.
TRADE INPUTS
For the crypto trading, there is the machine-learning backed trade assistant that will provide alerts on current situations in the market. Traders can then take advantage of this in withdrawing or increasing their funds.
There is also integration of professional traders to tutor upcoming generation of crypto traders. Likewise, users can have real-time information of favorite coins and there’s live support that walks round the clock to aid traders.
Conclusively, ONAM exchange has good tidings for the crypto community and especially crypto traders. With market analysis and news feed, these traders can be in the know of current situation of a coin and know when to opt out.
Additionally, there is support for Over the Counter trading for efficient trade of assets. Finally, ONAM has multiple language support; making the exchange accessible to users from different locations.
TOKEN SPECIFICATIONS
Ticker: ONAM
Platform: Ethereum
Token Standard: ERC-20
Token Supply: 300 million
Soft Cap: $2.5 million USD
Hard Cap: $15.6 million USD
Exchange Rate: 1 ONAM= $0.08 USD
Accepted Payments: ETH, BTC
Country of Registration: British Virgin Islands
Restricted: North Korea, the USA, Iraq, China, Iran
For more information about ONAM exchange, kindly visit:
Website: https://onam.io/
Whitepaper: https://onam.io/wp-content/uploads/2018/10/Whitepaper-v1.5.pdf
Twitter: https://twitter.com/OfficialOnam
Facebook: https://www.facebook.com/onam.official/
Telegram: https://t.me/onamofficial
Bounty0x Username: Crypto4ruby