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The traditional financial market has been shaken since the arrival of Bitcoin in 2008, cryptocurrencies have revolutionized and flooded the market in large quantities, this is because they offer many advantages compared to any other available currency. The world has the attention in this digital asset that attracts the interest of investors and companies that want to invest to obtain returns, since they have a high potential for growth.
Currently after the Bitcoin have appeared in the market more than 1500 cryptocurrencies that will meet the needs of different user communities to market any type of assets, rights, goods or services on the network, and what is valuable for them is that they can Exchange these assets in the blockchain without requiring the participation of a central authority, without intermediaries or trusted third parties. This type of exchange, also called the Internet of value that operates in the blockchain, will allow millions of users to exchange assets as quickly and easily as today we exchange information on the networks.
The public demands of cryptocurrencies continue to grow every day and most of the exchange exchanges do not have the adequate infrastructure to face this accelerated growth, being necessary to develop reliable platforms where users can feel totally safe to make exchanges. Thinking of these factors ONAM as an exchange exchange will play a very important role in the Internet of value, since it offers important advantages over other rival cryptographic exchanges, complies with the regulations established by the SEC and other regulatory bodies, and adapts to the needs of its users.
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ONAM is a cryptocurrency exchange platform that offers its users an infrastructure with the latest technological advances to guarantee security, scalability, transparency, customer service, liquidity and compliance in their processes. Its objective is to be the most capable and profitable exchange in the market, in addition it has a committed and experienced team that will provide advice and attention to its users.
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ONAM provides important advantages to its users in terms of:
- Security
Platforms that handle high volumes of cryptocurrencies are a target of hacker attacks that try to tear down systems, usually through DDOS attacks, they also try to enter accounts using information from social networks to steal. It is estimated that since 2011 three dozen major thefts have occurred in exchange exchanges, worth 1 million BTC.
The lack of security affects the cryptographic market and makes its scalability difficult, since people and companies fear losing their money, which is why for ONAM security is a priority and it provides its users with a platform with their own advanced security systems. It offers 2FA solutions, which is a process that forces users to submit two means of identification before accessing their accounts; and anti-phishing solutions, which avoid being stolen from personal information, such as passwords or credit information or other banking information.
ONAM relies on machine learning to identify some irregular activity before it occurs in the system and affects user accounts, similar to the Nasdaq SMARTS surveillance system. In addition, it is protected by an encrypted database and quarterly third-party audits are carried out to guarantee the security of its systems. Verify background of employees to match the security that ONAM requires.
Its partnership with BitGO "the market leader in institutional-grade cryptocurrency investment services" allows ONAM to offer custody services to large institutional investors. Custody services include: institutional grade controls and a cold storage system (outside the network). When personal information, passwords and funds are not in the network, they are 100% protected against possible attacks by hackers. To access the accounts, multiple bank vault signatures are required.
- Scalability
The speed of transactions is fundamental for those who are engaged in trading, the cryptocurrency market is very volatile and accelerated. Some exchanges do not have an adequate technological infrastructure to respond when the transaction volumes are very large, they become inefficient and cause discomfort to their users, but ONAM surpasses the rival platforms in terms of transactions per second and speed, allowing to make 10 million of transactions per second with a speed of 40 nanoseconds per transaction.- Transparency
Some exchanges operate illicit funds and manipulate prices, but ONAM monitors the cryptocurrency market in real time and follows up to detect irregular commercial activities in the network. It carries out reports of suspicious activities and ensures that its processes are transparent and free of external manipulations.-Customer Support
The management and operations of some exchanges are deficient, have a bad service and do not respond to the queries of the users, which generates risk and uncertainty for the users, this creates tension and discomfort in the investors and mistrust in the community. ONAM offers customer support live 24 hours a day through chats in different languages, common problems will be resolved in 15 minutes through the support ticket system. Within the first 6 months of ONAM's launch, telephone support will be offered.
-Liquidity
The advantages and incentive programs offered by ONAM will attract many people and companies, miners and merchants to participate in its network providing liquidity in the platform.
-Compliance
The lack of laws and regulations on exchange of encryption exchanges has caused problems for users, as occurred in July of 2017 when the United States government presented charges to a platform for money laundering and operation without a license, the assets of the users they were seized or frozen until the dispute was resolved. To avoid this type of problem, ONAM complies with the laws and regulations of the SEC (Securities Exchange Commission of the United States) to ensure that its processes are transparent.
The ONAM machine learning system monitors and supervises that there are no Market Manipulations (AMM) and filters and identifies the illegal behavior so that money laundering (AML) does not occur.
ONAM ensures that all tokens that launch the ICOs and are offered on their platform comply with the established legal requirements and licenses.
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Advanced Order Types: Iceberg Orders, Fill or Kill options, Good Till Canceled, One Cancels Other together with Limit Order, Market Order and Stop-Limit orders will help users in daily operations.
Margin Trading: with greater purchasing power, users pay a small interest rate on the borrowed funds.
Margin Landing: users earn interest on the funds they give to securities traders, they can choose the rate and duration of the loan.
Composite Index Fund.
Paper Trading: this option allows users with little experience to simulate trading without the need to commit capital, helping them to improve their skills.
Modular User Interface: allows users to customize their page according to their needs.
Trade Assistant with Trade Alerts and Signals: alerts about risks when evaluating the current position, the balance of the account and the user's personal tolerance.
Auto-Trading: is like the automatic pilot of airplanes: allows to create trading robots or use those of the platform with strategies to invest.
Social Media and Sentiment Analysis Tool: predictions of Market movement.
Market Scanning: powered by machine learning, sets criteria for users to identify the kind of volatility they are seeking.
Advanced Charting.
Trading Expert Coaching, users can learn the best strategies on the platform.
News and Announcement Feed, Push Notifications.
OTC Trading.
Multi-Language User Interface, Multi-Language 24/7 LIVE Chat Support.
FIX Server for Institutional Traders.
Advanced and Custom APIs, Affiliate Program.
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Robert is an entrepreneur, he has heard about the investment potential of cryptocurrencies, but he has doubts about investing since he does not have much experience in the cryptographic market and in the use of exchange platforms.
Robert researched and discovered that ONAM offers him an exchange option that he can use and with a wide variety of tools that will allow him to learn and receive advice from experts to enter this market, through simulations of trending, risk assessments, predictions of market, etc. And what is most important to Robert is security, he can feel confident that his money is safeguarded with encryption protocols and advanced machine learning systems . Now Robert makes his exchanges in ONAM and is happy with the results.
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The platform will offer the ERC-20 token called ONAM based on the Ethereum network during its ICO.
The crowdsale will be held in BTC and ETH and the minimum purchase that must be made by those wishing to buy in ONAM is 625 tokens to participate in their crowdsale, the pre-sale will be available until November 20, 2018. The collective sale will take place from November 20 to December 21.
Crowdsale participants must pass the verification process of AML and KYC in order to claim their tokens, the tokens will only be published when this process is completed.
The launch of its ONAM Exchange platform is scheduled for the first quarter of 2019.
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Onam is a decentralized cryptocurrency exchange platform that puts in the hands of its users experience and a platform with the latest technological advances to carry out secure, reliable and scalable transactions. It provides its users with personalized attention and is ideal for people without experience, as it provides tools that allow simulations to be done without compromising money, risk management, market analysis, training on market strategies, among others.
It offers its users advantages over other existing exchange platforms and maintains a close relationship with the SEC (Securities and Exchange Commission of the United States) and other agencies to comply with the regulations of the encryption laws.
For ONAM, its main objective is the security of the funds that users and institutions have entrusted to it, it uses patented threat prevention and intrusion detection tools to achieve this goal, its system is based on automatic learning.
Onam offers liquidity to its users and a platform that will create confidence in the exchange of encryption, which gives scalability to the cryptographic market.
More Information & Resources:
• ONAM Website
• ONAM WhitePaper
• ONAM Telegram
• ONAM Reddit
• ONAM Medium
• ONAM LinkedIn
• ONAM Instagram
• ONAM Twitter
• ONAM Instagram
• ONAM Bitcointalk
Onamtwitter: https://twitter.com/maeugeniaur/status/1062491890019459077
Written as part of: https://steemit.com/crypto/@originalworks/1300-steem-sponsored-writing-contest-onam
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