Source ONAM white paper

INTRODUCTION

cryptocurrency in our world today have gained much recognition, apart from being so important to people who cherish it, Cryptocurrency has also taken the world by suprise because everyday more people invest and buy cryptocurrencies. However the crypto market is really advancing drastically, the market has increased up to a one trillion dollar market cap in the early stage of 2018 and this has caught a lot of people’s attention and as well has caused some kind of effect in terms of the exchange rates. Well it would be a lie if I say there wouldn't be any form of challenges in the nearest future, but ONAM is that platform which has come to tackle several issues facing the crypto world and I am so delighted to bring the good news to you. However cryptocurrency is still in its early stage and there would be more breakthrough for the crypto community in times to come.

What is ONAM

Source

ONAM is a system powered by machine learning, the platform is very much committed towards sustainability and it’s a fully compliant platform. ONAM has varying list of tools which could help serve their customers with utmost satisfaction. Where traders would have access to this powerful tools, ONAM has an engine which could accommodate over 10 million transactions without any interruption.

Why you should consider ONAM Exchange

Well there are a lot of other cryptocurrency platforms in the market but trust me I have never seen anyone like ONAM the features are so equipped to a great level. ONAM exchange is very strong they offer exchange for all trading market whereas some platforms use 3 – 4 or -5 which doesn’t sound encouraging to me.

Founder of ONAM

Source ONAM white paper

CHALLENGES and REMEDY

Security is a very key element as ONAM is concerned because as our technology grows, the more cybercriminals develop strategies to find means of entry into people’s person page.

The CEO and developing team of ONAM have made security a top priority because threat are sometimes discovered too late and this possesses much damages which tend to be very costly, aside the advent of industry standard DDOS mitigation, anti-phishing and 2FA solution the team developed their own branded Intrusion detection, Trade Surveillance and Advanced Threat prevention system. They are all encrypted databases which are powered by machine learning so as to protect the platform from cybercriminals, the work of the advance threat prevention system is to kick against any potential occurrence of problem in real-time, and fighting against problem before it becomes an issue in the system. The CEO has worked tirelessly to ensure that cybersecurity becomes available, and they also ensure that the protection of their customers fund is guaranteed 100%, to me this a great thing when customers interest are being considered optimally.

One question people would want to know about a platform is it scalability, well their exchange is built with scaling in mind, with a belief that when a scaling is not fast that means it’s too slow. A lot of exchange machine engines have found it rather too difficult to handle a lot of transactions per seconds but one great news is that ONAM has the capability to handle millions of transactions without any form of restrictions or barriers, in ONAM more than 9 million transactions can be processed per second and this is due to the advent of a programming language known as Golang programming language developed by GOOGLE. Market Manipulation is one other challenge, the united states DOJ opening has opened up a crime investigation into cryptocurrency due to market manipulation, there is a high rate of market manipulation and it has occurred base on the fact that wash-trading, spoofing, momentum ignition to pump and dump are ravaging the exchange market. These market manipulation techniques has caught so many victims and season traders unaware, these practice would not be tolerated in traditional, regulated markets. Other exchanges have taken dull approach in giving customers support on their platform, the team of ONAM have conducted their research for over six months from the top five exchanges. The support of their customers was one great issue which was brought to the table and have caused a lot of concern by so many crypto users, some even gave a report for tickets that are yet to be addressed. There are other challenges such as poor market liquidity, and lack of regulatory compliance.

REMEDY such as

• SECURITY: The issues of security could be addressed by the use of advanced threat prevention, intrusion detection, and Trade surveillance
• SCALABILITY: These can addressed through Golang Programming Language which was designed by google, designed specifically for computationally intense server applications.
• The use of real-time market surveillance, supervision and compliance system to monitor activities so as to mitigate MARKET MANIPULATION, because often time’s people do fall victim of these activities
• CUSTOMERS SUPPORT: is one great challenge in which the team of ONAM took out time to address, ONAM Now offers a 24/7/365 live chat in multiple languages so as to address issues within the first 15 minutes of support ticket being submitted.
• REGULATORY COMPLIANCE: due to regulatory compliance legal, practitioners are finally advising their clients to comply with regulations in issuing their token and operating their business.
• POOR LIQUIDITY: The team of ONAM have also attracted several large markets-makers, miners and volume traders, and they are ready to solve the high slippage and market manipulation issues which arises based poor liquidity.

BENEFITS OF ONAM

One Amazing fact about ONAM is that the platform is developed to provide several benefits to their customers such as:

• Security.
• A well scalable platform.
• The ONAM platform has provided opportunity for Users to participate in their Crowdsale, where they will be offering ERC-20 Token named ONAM due to ETHEREUM(ETH) network during it's ICO.
• They offer 24/7 live chat support with different language from different regions so as to serve their customers well.
• Another factors i feel customers would benefit from is the aspect of, Anti-money laundering, Market Manipulation.
• ONAM Provides a very good support system in terms of consulting trade experts, Advanced charting, push notification.

How will ONAM low fee benefit the trader and the Impact of Having a fast transaction:

With the marginal trading feature developed on these platform it will help the traders a lot, the essence of margin trading is to give users that access to pay up small percentage fee on borrowed funds in exchange for a larger buying power.

• The issue of scalability cannot be overemphasized because it is a form of challenge in several platforms, several platforms in the crypto market today can't carry out millions of transactions due to scalability. whereas ONAM have being able to impact the lives of their customers with the advent of Golang Programming Language which was designed by Google, and this has made transactions very easy for users, users can carry out over 10 million transactions per second with latencies as low as 40 nanoseconds. So you see the impact of having this fast track transaction is that it will bring about:

• Good Scalability
  -Stability
• Efficiency
• Productivity
• Appropriate use of time.

ONAM Dedication to customers service

I have never seen a platform like ONAM that has dedicated their time towards their customers, on this platform customers can have a one on one interaction with some of the team members of ONAM through their chat support system which works 24/7 and they have Multi-language User interface where people from different region or locality can still have access to the system because communication is a very key element, it comes in two ways. However Novice or intermediate traders can also encounter trading experts on this platform they will provide key technical analysis and also provide articles and educational materials which could assist the users.

ONAM and the Regulatory Compliance

Why is ONAM aim to work with regulators to be compliant so important? This reason is because a lot of clients or users don't really know the impact or advantage of working with a regulatory body, up to the extent some operate their business without obtaining the necessary licensing or file.
One of the essence of this compliance is because ONAM wants to Obtain a broker-dealer licence, money transmitter license and register as an Alternative trading system with the SEC.
Another reason of this regulatory compliance is to help the company or platform to be a legal firm so that if any threat arises the regulatory body can stand for them without the firm being shut down. And also the regulatory bodies helps to ensure that the company or firm stay compliant in taking every step towards the sustainability of it platform. However ONAM is well recognized as one of the top legal firms in the United states of America.

ONAM great platform features

ONAM platform comes with several great features so as to support their users with great satisfaction and those features are:

• ADVANCED ORDER TYPES: These options assist the customers in being more successful in their day-to-day trading.
• MARGIN LENDING: this allows users to earn profits from the fund in which they provide to traders on the platform.
• MARGIN TRADING: The essence of margin trading is to give users that access to pay up small percentage fee on borrowed funds in exchange for a massive buying power.
• COMPOSITE INDEX FUND: this composite index fund provides users with access to more secured crypto assets
• PAPER TRADING: This basic feature allows new users and intermediate traders to carry out their transactions on the ONAM platform.
• MODULAR USER INTERFACE
  This feature helps users to develop his or her own trading page to their own taste.
• AUTO-TRADING
  With these features traders can customize their own bots based on their own principles and strategy with the indicator they prefer.
• TRADE ASSISTANT
  This feature is powered by Trade Alert and Signals
• SOCIAL MEDIA AND SENTIMENT ANALYSIS TOOL
  This feature helps in decision making in terms of trading, and this feature has made the platform a few step ahead of other platforms.
• MARKET SCANNING
  This tool is powered by Machine learning, it is a very important component in a traders career.
• ADVANCED CHARTING
  It has a technical analysis tool that gives help to customers.
• TRADING EXPERTS
  This expert are there to help novice and intermediate traders.
• NEWS AND ANNOUNCEMENT FEED
  These is also a very great feature because there is a saying "if you are not informed you would be deformed" so the platform of ONAM help users with news feeds so as to keep them updated about the latest trend on the platform.
• PUSH NOTIFICATION
  This notification tool helps users to be informed about latest feeds or news.
• OTC TRADING
  This feature employs smart contracts, and escrow to make sure there is stable swap of funds and assets.
• MULTI-LANGUAGE USER INTERFACE
  ONAM brought this feature so as to provide language options for people in different regions so that they can also take part in the benefits of the platform, and a 24/7 LIVE Chat support system is usually provided to serve customers well.
• FIX SEVER FOR OUR INSTITUTIONAL TRADERS
• ADVANCED AND CUSTOM APIS
• AFFILIATE PROGRAM
  Source ONAM white paper

Exchange fees vs current market

ONAM white paper

• Exchange trading fees: - 0.1% (0.05%)
  Maker fee and taker fee each way,
  -Tiered fee structure: -TBA,
  -Deposit fee: free
• Margin trading fee: -TBA
• Withdrawal fees: -TBA
• Listed Fee: -TBA
  Source ONAM white paper Page 13

ICO

The ONAM platform will offer ERC-20 Token named ONAM due to ETHEREUM(ETH) network in its ICO, and the developing team will provide avenue for users to partake in their crowdsale.

ONAM white paper

• ONAM started it ICO in October 1st which is stated to end at December 21st or until all 195,000,000 tokens are made available for the crowdsale are sold out.

• This leads us to the total Number of tokens set about 300,000,000 with a limit of about 195,000,000

• ICO Schedule and Token sale details
  
  -private sale, Oct 1-16, 50 ETH, up to 50%, 15,000,000
  -pre-sale, Oct 16-Nov 20, 0.25 ETH, 20%, 40,000,000
  -Crowdsale 1, Nov20- Dec 10, 0.25 ETH, 10%, 60,000,000
  -Crowdsale 2, Dec 10- Dec 21, 0.25 ETH, 0%, 80,000,000

Token sale Details

• Token standard ERC-20
• Token name ONAM
• Soft cap (USD) $ 2,500,000
• Hard Cap (USD) $ 15,600,000
• Currencies Accepted BTC, ETH
• Token Price -$0.08
• Pre-sale Bonus 20%
• Crowdsale Bonus 10%
• Bonus % Lock-up Period, 180 Days after initial Distribution
• Token Exchange Rate 1 ETH=~2625 ONAM
• Token Allocations
• Crowdsale Allocation 195,000,000
• Founding Team Allocation 60,000,000
• Company Reserve 30,000,000
• Advisor, Partners, Bounty Allocation 15,000,000
• Total supply 300,000,000

ONAM white paper

ONAM white paper

Regulatory Compliance

The purpose of the regulatory compliance is to ensure that platforms keep to their words by maintaining, promoting the sustainability and Lawfulness of their platform.

Enterprise grade security

Advanced threat prevention, intrusion detection tools and no storage of passwords
AMM (Anti-market manipulation system)
AML (Anti-money Laundering)
High security, transpiracy, agreement
All employees of ONAM will undergo rigorous check.

ROAD MAP OF ONAM

image source

image source

Developing team

ONAM white paper

ONAM white paper

here is my video clip

• my youtube clip
  

Use Case

peter is a computer geek, who is very conversant with the crypto market, and he has joined several crypto platforms but yet peter wasn't really satisfied with the support system of these platforms, But when he finally got to know about ONAM and the Vision of the CEO Alex Jumaev he was so delighted because he saw what was missing in other platform and this gave him a bold step to join ONAM Today he is very much happy for the opportunity he took, because there is a saying which says that "opportunity comes but ones".

Conclusion

ONAM is a platform which is committed to its customers, well a lot have been said about this platform and it will be a painful thing if you don’t partake of this great benefits that ONAM is offering, some of this offers you can’t find them in other platforms. Opportunity comes but ones so make use of this opportunity now.

For more information visit

ONAM white paper
ONAM website
ONAM medium
ONAM Reddit
ONAM Telgram
ONAM Twitter
ONAM INSTAGRAM

• This contest was powered by @originalworks @contestbot and sponsord by @ONAM website

NOTE

• photocredit: all images are gotten from the page of ONAM and ONAM white paper
  

Twitter Link

https://twitter.com/Dany57798380/status/1062117629895294977?s=20

ONAM 2018