ONAM: THE CRYPTO INDUSTRY REVOLUTION HAS BEGUN

valdick (39)in #originalworks • 6 years ago (edited)

Preface

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In early 2018, the crypto market cap pushed towards an estimate of one million-dollar market cap. This alone was a big bang on other exchanges. The crypto industry has been able to experience tremendous boom although still at a very tender and young age. Co-existing with this breakthrough are challenges and bottlenecks that seeminglessly stop at nothing but drastically changing the rate at which the crypto industry as a whole is being adopted by the masses. In this article i will be introducing ONAM a crypto-currency with a difference to set the pace and change the way the masses adopt and accept cryptocurrencies and the crypto industry as a whole.
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What is ONAM

This is a compliant cryptocurrency exchange platform that is out to make a difference by utilizing the best trading tools and security mechanisms there has ever been in the industry. This platform offers the latest and most effective security, scalability, transparency, customer support, liquidity and compliance.

Let's take a look at the problems of current exchanges and the solutions offered by ONAM

Security has been a very important factor in any platform dealing with funds. Recently the crypto industry have been faced with so many cases of hacks and loss of funds, due to slight weaknesses and inefficiencies of the existing exchange platforms.
Along side with DDoS mitigation, 2FA solutions and anti phishing solutions, ONAM posses their independent “Advanced Threat Prevention, intrusion Detection and trade surveillance systems” which are all powered by machine learning aiming at identifiying and stopping abnormalities or irregular activities before they occur.
Scalability is another major determinant of how successful an exchange is or not. Many a times people wonder and ask “Why are the scalabiliteis of the crypto exchange so low, did they ever think of how many people will become users?”. It is becoming obvious that the cryptocurrnecy was never ready for large scale application, since the largest scalabilities are ranging from one to two million transaction per seconds. ONAM’s platform has greatly out performed all other exchanges by scaling as high as 10 million transactions per second with latencies as how as 40 nanoseconds
Transparency has always been lacking and inadequate on current exchanges. ONAM’s real-time market surveillance and compliance system surveys the ONAM network, combing thoroughly for identification of irregular and abnormal trading activities. In order to enhance optimum transparency. The special features of ONAM makes market manipulation almost impossible.
Customer support is not exempted from this list of significance. A recent survey of the top 5 crypto currencies have shown the crypto industry is lacking consumer support. Users complain that including important issues like loss of funds and accounts hacks are not quickly responded to. ONAM aims to offer 24/7/365 live customer support and chats in many languages. Issues that appear common to most users will be treated within 15 minutes after complain ticket has been submitted. The platform also aims at providing phone support within 6 months after main launch, this is to ensure that important issues are completely addressed.
Liquidity is lacking in the crypto industry with the market being manipulated here and there with methods like spoofing, layering, stuffing etc. ONAM will attract very large market makers, miners and large volume traders. By enlisting book orders from multiple exchanges the issue of market manipulation will also be fought to a stand still.
Having come to understand the importance of compliance to exchange regulations, ONAM is out to become fully compliant, in order to ensure optimum transparency. This is not likely exercised by most exchanges.

ONAM’s features

The following are some unique features that make ONAM the best exchange platform so far:
Advanced order types: Assist customers to daily success.
Margin trading: Allows users to leverage more purchasing power in exchange for small interest fee.
Margin lending: users pick rates and duration time and earn interest while lending.
Composite index Fund: Allowing users to diversity their portfolios.
Paper trading: trading demo to improve skills of novice.
Modular user interface: Allows users to get maximum satisfaction by being able to personalize their trading page.
Trade assistant with trade Alert signals
Auto trading
Social media and sentiment Analysis tool.
Market scanning
Advanced charting
Trading expert loaching
New and announcement feeds
Push notifications
OTC trading
Multi- language WT
24/7/365 live multi language chat support
Fix server for institutional traders
Advanced and custom APTS
Affiliate program.

ONAM’S unique security and compliance

The following features give ONAM project its unique and better security status.
Enterprise grade security: ONAM never stores private keys and all sensitive data are electronically encrypted before submitting to database.
Anti market manipulation (AMM): This is a real-time surveillance, supervision and compliance system is powered by machine learning and is always in service.
Anti-money laundering- Also powered by machine learning, scrutinizes user data to prevent abnormal behaviour.
Quarterly audits- this contributes philosophically to making ONAM the best.
Employees are passed through paramount training to produce individuals that will match the current security level of the platform.
Some ONAM is expecting and aiming for the best they have partnered with the leading platform in terms of providing the best custodian services for individuals, big livestors and companies

Use case

Mary has been a committed crypto trader as one of the earliest crypto users, she has been through the ups and down with the crypto industry, mary is thinking of withdrawing totally from the industry. Because of recent losses caused by insecurity of her exchange platform, trade manipulation and inadequate liquidity. She has tried laying complaints, the response is always slow and at times not satisfying. Mary needs to know about ONAM, with ONAM her problems could just be over plus several added features.