ONAM "The Most Current And Efficient Exchange Platform For All Crypto-assets"

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Blockchain technologies have proven to be very resourceful in the aspect of information and digital asset transfer. The truth is; perfection is a continuous process, and it is very evident in the invention of one blockchain solution after another capable of transcending us into a new light of technological advancement with incorporated mind blowing and thoughtful features which brings us a step closer to perfection each time. It is expedient to know that ONAM is birthed out of a persistent need for a restraint free transaction environment to meet or exceed the users’ expectations.

Meet ONAM

ONAM is a new solution exchange platform for transacting digital assets such as cryptocurrencies, and offers its users the benefit of scalability, transparency, liquidity, compliance, most secured and user friendly network unlike any other.

What ONAM is offering!

• Scalability

Scalability issue can pose as a major concern if not properly addressed. This however, has caused constrained some of the existing exchange platforms and blockchain solutions to be tagged as less efficient. As opposed to Bitcoin and Ethereum transaction speed of 7 & 13 (transaction per seconds) respectively and that of many other existing solutions, ONAM exceeds expectations and can handle up to “10 million transactions per second” with latencies as low as 40 nanoseconds.

• Transparency

Establishing an autonomous transparent network is essential for unrestrained adoption by the users of any blockchain solution or exchanges platform. ONAM helps create a transparent transaction environment by utilizing its “Real-Time Market Surveillance” and “Compliance system” to survey the network for irregular trading activities. Also, trade types and characteristics are closely monitored so as to generate reports on suspicious activities for the system’s regulators. Hence, market manipulations or dubious influences are kept at bay.

• Liquidity

Liquidity should be top priority for any exchanges platform to attract large market makers, miners, and volume traders to participate in their network. ONAM is able to achieve this by partnering with multiple exchanges and enlisting them on the network. Also, market manipulations and irregularities will be curtailed by enlisting book orders from the multiple exchanges.

• Security

Given the attacks that have been encountered on other exchange platforms, ONAM team tends to curb security breaches by fully implementing the DDoS mitigation standards, 2FA solutions, anti-phishing; along with the development of their own systems of Intrusion Detection, Advanced Threat Prevention, which will detect any potential threat in real time, avoiding gaps; and Surveillance of trades. In a bid to made it as safe as possible, the platform is secured by encrypted databases, making Quarterly 3rd party audits etc. Hence, ONAM can constantly ensure the security of its users' funds.

Features of the ONAM platform

There are a lot of mind blowing feature incorporated on the ONAM platform powered by some set of specially designed algorithms which makes it the most effective and efficient trading platform for crypto assets.
1. Advanced order types: This presents the users with series of trading options which will enable them become more successful in their day to day trading activities e.g stop limit, market order etc.
2. Margin trading: This feature allows the users to borrow funds from a broker at small interest rate to purchase or invest on crypto assets of their choice. Margin trading gives the users the benefit of borrowing funds at small commission/interest charge to influence their purchasing power on crypto assets and also, the broker to earn on the margin lending.
3. Margin lending: This allows users to earn interest on the funds they supplied for borrowing and also they can fix their own rate and duration terms for the loans
4. Composite Index Fund: This provides the users with a statistical evaluation of market performances and variances over time which then acts as a means to an end for interested users to diversify their portfolios.
5. Paper Trading: It provides inexperienced users with trading simulations which will help them understand the market conditions and also learn to perform trading without the real capital being compromised.
6. Modular UI: This user interface provides the users with the necessary tools to customize their trading page as they deemed fit.
7. Trade Assistant with Trade Alerts and Signals: This feature is powered by machine learning which helps the users to remain as profitable as possible through limitation of risks by assessing the current position, account balance, and personal tolerance of the users and helps to eliminate loss as best as possible.
8. Auto-Trading: This is an automated form of trade initiation based on personal strategies. It maximizes the use of trading bots to maximize their trading experience and take advantage of best offer available at all times.
9. Social Media and Sentiment Analysis Tool: This also is powered by machine learning and it provides the users with market condition forecast. Also, it is a major influence that’s supposed to guide the users in their decision making process.
10. Market Scanning: This is also powered by machine learning and it sets criteria for users to identify the volatility associated with crypto assets or tokens. It is imperative to note that the best trading is made of crypto assets that are most volatile.
11. Advanced Charting: It provides the users with historical trends of market prices, analysis of a certain commodity, currency and security etc.
12. Trading Expert Coaching: This feature enables novice users to be taught best trading practices by a group of community experts on the platform
13. News and Announcement Feed: This provides the users with firsthand information on major cryptocurrency-related news and updates.
14. Push Notifications: This feature ensures that users are alerted at the right time. All activities e.g enlisting of new token, market variances etc. would be pushed to the user in real time.
15. OTC Trading: This makes use of the smart contract escrow services to create smooth swaps/exchange of assets and funds. Hence, promoting transparency and at the same time assuring the users secured transaction initiation and completion.
16. Multi-Language User Interface: This feature aim at removing the potential constraint associated with trading activities due to diversities of languages. It provides the users with the option of selecting their prefered language.
17. Multi-Language 24/7 LIVE Chat Support: Users always have access to help through genuine dedication and offering an excellent customer service support via a multi-language live chat etc. to resolve possible complaints at any time of the day.
18. Other features include; Security questions, FIX Server for Institutional Traders, Advanced & Custom APIs and Affiliate Programs

Why is ONAM's aim to work with regulators to be compliant so important?

Guilty, not guilty?

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As we all know that without efficient and effective regulations, abuse is inevitable. ONAM ensures it sustainability and legitimacy through strict adherence to the legal requirements as formulated by the regulatory agencies such as Security Exchange Commission (SEC). In a bid to practice transparency, ONAM’s Initial Coin Offering (ICO) ensures that all regulatory requirements as regards the crowdsale standards imposed by the SEC are met. Licenses are necessities for initiating public offerings and ONAM's top legal representatives are well informed on the latest positions regarding SEC and its view on ICO activities.

Also, the regulatory requirements form the basis for evaluation and declaration of initiated transaction as compliant & transparent or dubious transactions. ONAM reserves the right to refuse, withhold or cancel the progress of any ongoing transaction or exchange if the processes involved or information generated are not in conformance to the regulatory requirements. Hence, ensuring a much secure & legal trading environment for the users to transact.

Extremely low transaction fee!

How will ONAM's super-low fees benefit the trader?

Traders are well aware of the risks associated with holding a certain type of crypto assets. Prices of cryptocurrencies are so volatile hence, they are prone to fluctuate and assume varied price tags at different times. However, profitability of traders lies solely in identifying opportunities by knowing the right time to purchase, hold and sell crypto assets.
No crypto traders would be so eager and happy to exchange their crypto assets at exorbitant transaction cost rates because they are well informed and experienced on the adverse effect of those cost and expenses on their profit margin and profitability. More so, exorbitant transaction cost can also hinder mass adoption of the exchange platform because of the discomfort.

ONAM therefore helps to reduce unnecessary tension associated with costs charged on every transaction initiated by maintaining a super low fee policy. The traders are able to maintain a maximum return on their investment without having to worry about the effect of transaction cost.

What is the benefit of combining the many financial tools under one platform with ONAM?

Empowerment

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Combining many financial tools under one (ONAM) platform gives it an edge over other existing solutions as it helps in maximization of the users’ trading/transaction experiences on the platform. It provides the users with enough resources to enable the best transaction experience possible.

What is the impact of having the fastest transaction capability of all existing exchanges (10 million transactions per second as opposed to 2 million transactions per second)?

fastness paves the way!

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Having the fastest transaction capability make ONAM the most scalable & efficient of them all. It helps to eliminate the various unpleasantness e.g overload, delays etc. usually experienced during every transaction processes.

How will ONAM's dedication to customer service increase customer confidence and improve usability?

Satisfaction is the key

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Customer satisfaction is imperative for a successful and sustainable mass adoption. However, gaining the trust of the users by providing a trustworthy & secure environment for all their exchange and trading activities is the key.

ONAM’s dedication to customer services helps them interact with the users and garner valuable & resourceful information via continuous feedback process in order to improve the services rendered to meet or exceed the expectations of the users. Also, instilling in the users a sense of genuine trust in the efficiency and quality of services rendered on the platform would help influence a continued usage and undoubtedly mass adoption of the platform.

Use Case

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Mr Wright Ford works in a trust company that specializes in digital currency exchanges. They deal with the sale and procurement of digital currencies like Steem, Bitcoin and Etherum for their clients as well as helping them maintain a tangible ROI at the end of each initiated transaction. A fixed percentage of the ROI goes to the company while the rest is remitted to their clients. Mr Wright has done well and even earned his company the reputation they had maintained over the years. The reputation however did come with responsibilities; their client base had increased so tremendously, Wright figured this to be a means of getting more value from his work but then he feels very disturbed because of the disturbing news he heard from his friend a night before of the security breaches that has been ongoing on every known platform they've been using for their exchange activities. He knew he had been lucky most times and might not be this time, he already got a list of some other solutions that offers and assures a secured trade, but he wouldn't use them because they don't offer the level of scalability he desires especially when he's dealing with a lot of transactions for a large crowd of clients. He wouldn't want to spend eternity on just transacting, "he thought to himself."

Eventually, Mr Wright got to know about ONAM through an @originalworks writing contest and decided to try it and see if it will give him an optimal ROI and at the same time offer a scalable network and secured environment for the sake of the company and his clients. After making series of transaction on the ONAM exchange platform, he discovered that he got the maximum value he could get when expenses such as exorbitant transaction fees are eliminated. Finally, he got the real value for every of his transaction when using the ONAM exchange as opposed to the other exchange system he’s accustomed with, in the past.

Here is my personal thoughts expressed in this video

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