ONAM: First All Encompassing Cryptocurrency Exchange

in #blockchain5 years ago (edited)

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One of the greatest threat to worldwide adoption of blockchain and cryptocurrency in general is hacks experienced by exchanges (internal or external hack). Several exchanges are popping up right, left and center and they pull exit scam so easily, they rip off unsuspecting traders without remorse- they engage in all kinds of market manipulations for selfish interest. The time for government to step into the ring is long overdue, there has to be a set of strict regulations and compliance to ensure security of traders' digital assets.

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ONAM recognized that to remove doubts, a responsible cryptocurrency exchange must comply with government regulations. This will improve investors' confidence, hence increase trading volume as more people begin to invest in tokenized assets.

Benefits of Super Low Fees

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An average trader care about how much he's been charged as commission for every trade that he execute. High commission makes people feel like they are working their ass off for the exchange. For instance, margin trading commission on Bitmex is nothing to write home about, commission is high. One cannot pay interest on borrowed margin fund, focus his mind on trading, then pay ridiculous amount of money on each completed order.

Benefits of Combining The Many Financial Tools Under One Platform

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If you have to depend on third party bots using APIs to auto trade on exchange, isn't that ridiculous? Because you are vulnerable to all sort of things, your data could be hacked, and bad trades could be executed. ONAM has made it easy for traders to use the exchange without having to leave the entire interface. All of these unique features will be available to token holders for free, or in worst scenario, at super low cost.

Impact of Having The Fastest Transaction Capability That Surpassed All Existing Exchanges

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The highest capacity of top exchanges is 2 million transactions per second, what will happen if 3 million users are to transact at the same time within timeframe of one second? Your guess is as good as mine- the crash is imminent!

Here is a futuristic exchange that has prepared for the future, there could be times five adoption, the current speed/load capability will enable ONAM to handle it without experiencing crash.

Dedication To Customer Service Increase Customers Confidence and Improve Usability

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Business of this millennium must be customer-centric to remain relevant, isn't it obvious that what people buy is not usually the products and services? To attract customers, good marketing, products and services are important. To retain customers, organization must create means of showing genuine concern towards them.

Late response is bad enough

Traders are one of the most impatient beings in the world, when they have a doubt or problem using an exchange platform, they pretty much appreciate quick response which is made possible by 24/7 live customer support. They will be retained, and word of mouth is the best marketing campaign. More users will switch to ONAM when they hear/read about this interesting feature.

Use Case

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Zakr is a trader who heard about how Lee has been killing it on Poloniex exchange using third party bot for auto trading. Yes, to some extent, it is profitable using this bot, but it require monthly subscription of $200. Zakr's net portfolio is just about $500, there is no way he could be able to afford this subscription because he not can barely guarantee 40% profit. This is not enough to cover exchange commission and subscription.

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So he watched a YouTuber talking about ONAM, an exchange that offer super low commission to traders, beyond this, they can use auto trading functionality at no cost. What's the catch? Once Zakr own ONAM token, he can save huge amount of money. Being a smart investor, he bought ONAM at pre-sale or ICO price which is a future investment.

you can eat your cake and have it!

Zakr is in charge of his token, he can liquidate his position at will, though it is better to hold onto his position. While his investment is growing, simultaneously, he's enjoying several bonus being ONAM token holder.

This is the beauty of owning exchange token.

Conclusion

A true exchange will keep evolving and set the stage to accommodate future users without buckling. Even when best functionalities are offered to traders, they still deserve the best customer support.

My Review

For More Information

ONAM Website, ONAM Whitepaper, ONAM Telegram, ONAM Reddit, ONAM Medium, ONAM LinkedIn, ONAM Instagram, ONAM Twitter, and ONAM Bitcointalk

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Link to tweet: https://t.co/U0O8zNqfcu

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So many exchanges out there, all with low fees and fast transactions. It is truly laudable the way you are able to deliver their information to us while still ensuring that each stands out with its uniqueness. Well done sir

#Bigwaves

Yes, so many of them now exist, but over 60% lack quality of good exchange. Thanks for this thoughtful comment ma.

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