ONAM: it is a comprehensive and very advantageous cryptocurrency exchange
ONAM: it is a comprehensive and very advantageous cryptocurrency exchange.
The Problem
The investors in cryptocurrencies try to have their currencies in a reliable and safe place, however we have seen how large exchanges of cryptocurrencies have been victims of computer attacks, leaving not only the exchange with many debts, but also many users.
As in the scandalous case of 2014 where Mt.Gox was the subject of a computer attack that led to bankruptcy, where hackers took more than 700,000 bitcoins. MtGox (Magic The Gathering Online eXchange), was one of the most used and most renowned exchanges for the moment.
The techniques employed by hackers are becoming more novel and more harmful, to try to destroy the security of cryptocurrency exchanges, and if the security systems established by these exchanges are not up to scratch, there is a lot of money that can be lose and fall into the hands of these thieves.
Exchanges and users have tried to take measures so that this type of attacks are not so frequent, but now there is a new form of attack, "Market manipulation", where users who are not involved are harmed.
Many whales play the famous "pump and dump", and manipulate the cryptocurrency market, other people have privileged information and buy and sell according to the information obtained, before it goes public. Also, many exchanges are somehow involved in these frauds, since they do not take into account these fraudulent behaviors to give an alert. And many less give great importance to legal aspects and necessary regulations that protect users.
It is mandatory that exchanges take this very seriously, because these market manipulation techniques can be very harmful for users. And it places the market of cryptocurrencies in the eye of the hurricane at the moment of talking about "confidence in the market" making it difficult for large investors to be encouraged to be part of the crypto world.
ONAM IS A CONFIDENCE EXCHANGE
What is ONAM?
It is a revolutionary exchange of cryptocurrencies. ONAM Exchange wants to become the number one exchange, in terms of the most important aspects that a user seeks in an exchange. Security, speed, easy to use and completely legal.
ONAM is a platform that can easily meet the current demand for transactions of any Exchange that exists.
ONAM has a series of features and tools that make it stand out from other competitors, allowing novice and experienced users a pleasant experience of using and maximizing the platform's potential to maximize its performance in the world of crypto.
Source
ONAM is Fast and Scalable
With the rise of cryptocurrencies the number of people entering the world of cryptocurrencies is increasing, therefore it is more demanding for all the platforms involved. Many platforms or exchanges of cryptocurrencies are at maximum capacity, and have opted to restrict the registration of new users to their platforms. When other cryptocurrency exchanges can barely process one or two million transactions per second, ONAM stands out above all.
Thanks to its powerful processing engine, ONAM can easily handle more than 10 million transactions per second with latencies as low as 40 nanoseconds.
“if the scaling is not fast, then it is just too slow”
The ONAM Team using the GoLang programming language designed by Google, precisely for applications with a high computational demand. ONAM offers users the security and guarantee of an unparalleled fluidity in their operations.
ONAM is Safe
The ONAM team takes the security of its clients' assets very seriously, so it takes all the necessary precautions to protect its platform.
Computer malice and cryptocurrency pirates do not seem to rest, so ONAM takes security as a priority and North, which is why an advanced threat prevention and intrusion detection system with automatic learning technology was developed. This system is self-evaluated recursively, to detect any vulnerability in the system.
In addition, ONAM has a policy of applying a mandatory audit to its security system by third parties.
ONAM is Exemplary
ONAM has developed a Real Time Market Surveillance, Supervision and Compliance System to monitor suspicious business activities, such as unusually large transactions, transfer operations, washing operations, identity theft, layers, filling, hammering, front execution and ignition on impulse.
To be able to perform this monitoring and subsequent analysis, and thus detect timely market manipulation techniques, and provide a grain of sand so that current and future regulations are met.
Unfortunately other exchanges are involved in these frauds, although it is difficult to directly demonstrate their participation, but their state of omission and passivity is evident in the face of this threat.
ONAM wants to take a step forward and be an example, and alert early, with the aim of eradicating or at least making these fraudulent market manipulation techniques more difficult.
Other characteristics of ONAM
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Crypto to Crypto Trading
Margin Trading: Users can take advantage of greater purchasing power in exchange for a small interest rate.
OTC Trading: Smart contracts for custody services to create swaps of assets and funds without problems.
Margin Lending: Users earn interest through loans and can choose their own terms of rate and duration.
Composite Index Fund: Users can diversify their portfolio.
Paper Trading: Trading simulations for novice users.
Advanced Order Types: These options help customers to be more successful in their daily operations.
ML Trade Assistant
Auto-Trading: Backtesting helps customers to use commercial robots based on their personal strategies. Users can also use prefabricated strategies.
24/7 Live Chat Support: In several languages. Users always have access to help.
Push Notifications: All activities will be pushed to the user.
Advanced Charting Tools: Helps users to optimize the historical analysis of products, currency, security, etc.
Supported Assets at Initial Launch
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Modular user interface
ONAM has developed the most attractive and intuitive, modular user interface. Offering the user a completely customizable interface, providing the data that the user wants to see in real time, in addition to the professional trading tools to make ONAM an experience like no other..
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ONAM TOKEN
ONAM created a token with the same name "ONAM", which is based on the Ethereum network (ERC-20).
For users who own these ONAM token, they can save up to 50% in negotiation fees, and be able to enjoy the most advanced tools of the ONAM platform, such as Commerce Assistant, Market Analysis tools, Alerts and Commercial Signs. and much more.
CASE OF USE
Jhon is new to the world of cryptocurrencies, he has invested his savings in bitcoin, and only used an exchange. He has only made "hold" with his coins, and has earned some money. However, he wants to start in the world of trading but the exchange that he uses charges very high commissions. And he is afraid to make operations and have losses not only for the operations carried out, but for the commissions charged by the exchange.
One day Jhon discovers ONAM, the first thing he observes is his low commissions per operation, secondly his advanced security systems, but what marked him and made him change the exchange was the "Paper Trading".
Where he could learn about the trading world without risking his money. Soon Jhon will be ready to do it directly and real, and the best thing is that he has a support team 24/7/365 to help him if he needs it.
Conclusions and Personal Thoughts
ONAM is a robust cryptocurrency exchange, which far surpasses its competitors.
ONAM offers its users all commercial markets in one place, margin trading, over-the-counter trade, margin loans, paper trading, compound funds. In addition to offering a set of tools to optimize cryptocurrency trading.
ONAM takes security into account, so it goes beyond standard DDoS mitigation, anti-phishing, 2FA solutions and encrypted databases. ONAM has developed its own intrusion detection and trade surveillance system. In addition, to store 99% of the funds in Class III bank-class vaults.
ONAM establishes a communication system with its users, 24/7/365 in several languages, providing accompaniment and direct support in case of any eventuality.
ONAM is a comprehensive and very advantaged cryptocurrency exchange, which offers its users security, accompaniment and even education regarding the world of trading, as strategies (with the use of simulators) and legal and technical aspects that are of a important and mandatory compliance.
Some videos about ONAM
| ONAM Bounty Program |  |
| ONAM Exchange - Providing The Best Features of Crypto Exchange. by: Barros Crypto Review |  |
| [ONAM Exchange] Customer Focused and the Safest Crypto Exchange. By: Blue Crypto TV |  |
The Team
Advisors
Source
Road Map
More Information and Resources
ONAM Website
ONAM WhitePaper
ONAM Telegram
ONAM Reddit
ONAM Medium
ONAM LinkedIn
ONAM Instagram
ONAM Twitter
ONAM Bitcointalk
Contest
Source
Disclaimer: @autinf does not offer any type of investment advice. This publication is a participation in the @OriginalWorks writing contest.
This is a @originalworks sponsored contest. Here is the link to the post
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Posted from my blog with SteemPress : http://autinf.vornix.blog/2018/11/13/onam-it-is-a-comprehensive-and-very-advantageous-cryptocurrency-exchange/
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