Onam: A savior to the Crytpo traders!!

Source:https://onam.io/#home

What is Onam? - An Introduction
Onam is a Crypto currency exchange platform where you can buy, sell or exchange crypto currencies for other digital currency. In today's world we have quite many traders who aspire to trade professionally and have access to fancy trading tools which requires to verify your ID to open an account.However the performance of the tools is not appreciable and may not be up to the mark.Many exchanges are unable to handle the real time difficulties like customer data security which leads to abandoning user accounts mid way or which makes the customer to choose an alternate exchange.

In many exchanges found in the market today, customers experience a lot of difficulties which stops them to proceed further or make them hesitant in trading more.Few among those challenges are price manipulation where the customer will be surprised to see the huge variation in price for an asset in less than 24 hours. And this price drift may not be the same across exchanges. There is seriously a problem in lack of uniformity seen in the trading websites. This makes customer confused to choose the right trading exchange.On top of all these, issues dealing with scalability have been identified that causes unreasonable delays in transactions. Onam covers all these discrepancies and gives us a compact package without any of these challenged discussed above.

Some of the best features offered by Onam are listed as below.

Scalability: The Scalability is at its best in Onam which loads data quickly.The dashboard and web pages get updated immediately and customers can sell purchase entities within a limited span of time. Onam caters to all the requirements of its users that makes Onam to be the number one exchange. Even at times of high traffic, they have instant and efficient scalability to handle the huge increase in traffic.It would be a delight to know Onam can handle 10 million transactions per second with just 40 nanoseconds latency which is quite low.

Transparency: Since crypto currencies are too volatile, it is observed that customers see Onam as a ray of hope to this existiting problem. Onam had taken enough efforts to demonstrate that their project is quite legitimate to educate the wider audience on how Onam can stop the fraudulent activities happening in the crypto currency market which becomes almost nil in Onam. Thus it continues to build trust and transparency among its customers.

Liquidity: Lack of liquidity disables users to buy and sell cryptos at stable prices which is considered another challenging issue in crypto exchanges. However since market manipulations issues are not seen in Onam, it attracts the wider audience to use its platform. Onam stores the transaction history and makes the payment options quite visible to the customers.Thus the customer orders are kept more transparent and it also eliminates the need of cash payments.

Efficient Customer Support

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One of the major issues faced in most of the exchanges is lack of customer support. Onam had taken a survey with the topmost 5 exchanges and had observed the shortcomings for about six months. With the analysis and observation, Onam had launched the 24/7 live customer on call and chat support in multiple languages which gives customer the option to talk to the technical team to get their issues resolved at the earliest.

Compliance is our top Priority
Compliance being Onam's highest priority, they have taken every single effort to make them compliant with the regulatory organizations like SEC Unites States. Their compliance extends upto ICO Initial coin offering to ensure safety and security for the existing funds floating on the exchange.

The Cost Effective Exchange

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Onam always focuses on customer satisfaction by giving them a cost effective exchange. When compared to other exchanges, Onam's fees is quite minimal which attracts more audience to join and use the medium.This includes all the inbuilt features and tools required to achieve better trade efficiency in the exchange without any additional charges.
Displayed below is a clear transparency in the difference of fees seen across several exchanges.

Source:https://steemit.com/crypto/@originalworks/1300-steem-sponsored-writing-contest-onam

Know about our features:
Below listed are the extra ordinary features of Onam which makes them the number one exchange at all times.

Advanced order types: There are many options inbuilt in Onam that gives customers the privilege to preserve their profits and make use of them in future trading activities. To name a few, Trailings stops,Take profit,iceberg orders, fill or kill fall under this category.

Margin Trading: This allows users to borrow funds at an exceptional low percentage fee for which they are provided with an option of larger buying power in return.

Source:Onam Whitepaper

Margin lending: This is an extension of margin trading which gives users the option of earning interests on the funds provided to traders. They also possess the power of choosing the rate and duration when figuring out the loan.

Complex Index fund:This is the best secured way given to users to increase their exposure in crypto exchange.

Paper Trading:Paper trading feature in Onam allows novice traders to make trading without the need of initial capital.

Modular UI: Onam users are excited about this feature since it allows them to customize their trading page based on their needs and thus they can make it more user-friendly.

Source:https://steemit.com/crypto/@originalworks/1300-steem-sponsored-writing-contest-onam

Trade Assistant with Trade Alerts and Signals: Using this feature, the user will get to know what is his account balance, current position which gives him the idea on how much he can trade more and on what assets.

Auto Trading:
This is a trending option in Onam with which users can use the available trading bots with some standard strategy built by market experts.The users can even build their own bots keeping their own master strategy in mind.

Social Media and Sentiment Analysis Tool:
This is an user based tool specifically built to help users to forecast the market conditions.The tools helps users in getting suggestions and tips in an indirect way that guides them in taking good decisions when trading.

Source:Onam Whitepaper

Market scanning: Market scanning is an inbuilt feature built to limit the time spent by users to manually scan the market.Instead it provides the option to find the assets in market based on the input condition given by the user. Thus it reduces the unnecessary time spent in finding the assets based on user criteria.

Advanced charting: This is a technical tool which provides users to get a technical chart based on any asset instead of relying on any third party tool by paying extra bugs.

Trading Expert Coaching: Onam has its own technical experts and tutors who can provide a helping hand for beginners on fundamentals of trading through video tutorials and articles/blogs.This helps intermediate traders to understand the market with good knowledge and trade better.

News and Announcement Feed: This tool provides users with the latest news and information on crypto currencies and trading exchange at regular intervals.This keeps the users updated with timely information.

Push Notifications: All user activities will be pushed to user's notice.User is alerted immediately on all the transactions done.

OTC Trading: This feature is meant for the wealthy users with huge assets like large traders to give them the confidence to have a smooth shift of entities and assets.

Multi Language UI and Multi Lang 24/7 Live support:
Onam has this User Interface feature to give user the option of choosing their own language based on their region. Thus users from across the country can access the site without any language restriction. The same feature has been added in 24/7 live support which assists users to converse in multiple languages to the technical support team to have the best service.

Awesome Security Features
Enterprise grade security:It is highly robust and its inbuilt technology helps in threat prevention. It never saves password and it encrypts user data before feeding into the database.

Anti Manipulation system: This feature helps in continuously monitoring the system and identifying fraudulent accounts that attempts to scam the network. Onam officials will further make an investigation ,flag those accounts and ensures that no transactions are further performed from those accounts.Thus the exchange achieves more compliance and becomes more safer to use.

Anti Money Laundering: This system helps to scan the user accounts from a wide range of repositories and databases which can actually give a clue on suspicious accounts, which can later be filtered out with valid proofs. Better its not too late to allow transactions from such accounts.

Quarterly audits:

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The Audit team does its best in auditing every quarter which is very much required for the company to ensure a smooth functioning of financial sources in a transparent manner.

BITGO Partership: Onam has joined hands with BITGO who is the market leader in institutional-grade crypto currency investment services, by taking help in utilizing its custodian services to bigger investors.

Background check: Onam takes huge effort in hiring the right candidates with a rigorous background check in order to maintain a safe and secure platform which eliminates fraudulent activities from the sources hired.

ICO Token Sale Fund Allocation
!

Above chart explains the allocation of sales token.
50% of ICO is spent on development of platform with research and analysis,upgrades and maintenance.
25% of ICO is used for marketing, education and awareness to the public
15% of allocation used for daily operational needs,purchases, wear and tear, salaries,sales and procurement.
10% of allocation is used for licence agreements, compliance ,registrations etc.

Use Case 1:

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Peter was an intermediate investor in crypto currencies and he wanted to grow his business and hence he wanted to invest more in crypto assets within a stipulated time. He called his subordinates who were also traders and advisers to Peter. Peter asked their advice in choosing the best crypto currency exchange. Followed by the ideas given, Peter started using many exchanges one by one but he found nothing was perfect since there were manipulation issues seen. Few other exchanges had traffic issues which halted him to perform the next trading.Since Peter had to invest a lot of money in trading,he couldn't tolerate even the smallest issue faced. Finally he landed in Onam which gave him the utmost satisfaction and found Onam to be the best Crypto exchange. Thus it enabled him to earn more and more business.

Use Case 2

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Jackulin was a home maker happily living with her husband and kids, Jackulin's husband John was a crypto currency trader and investor. Unfortunately John expired due to health issues all off a sudden. Jackulin being a home maker had to find ways of earning in order to run the family. With minimal knowledge in crypto currencies, she wanted to follow her husband's business of trading in crypto exchanges. She tried several exchanges but she was unable to proceed further since they were not user friendly. With an advice from one of her Husband's friends, Jackulin started trading in Onam. For a beginner like Jackuline , Onam was the best exchange to start investing and trading crypto currencies. Jackuline slowly picked up the medium and could reach heights more than what her husband could achieve. Thanks to Onam.

** Video Tutorial**
Presenting my video to quickly understand Onam in video format.

Conclusion: There is lot of competition in the block chain technology and there is constantly a increase in the number of exchanges and trading platforms. Onam stands out of the box with its unique features and modern technologies in data security, scalability of 10 million transactions per second with 40 nanosecond latency.There is absolutely no equal competitor for Onam and very soon it is going to rule the world of crypto currency exchanges.

Top officials from Onam

Source:https://onam.io/#home

I am submitting this article to the writing contest hosted by Originalworks, many thanks for the opportunity! Please check the below link for contest details and get motivated to write more. Happy Writing!
https://steemit.com/crypto/@originalworks/1300-steem-sponsored-writing-contest-onam

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Here is my tweet on Twitter
https://twitter.com/vanddy2/status/1062373216025341952
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