In this way, I have experienced security and privacy failures in several exchanges, lacking many necessary tools for the less experienced who are just beginning in the world of investments, late operations processes, lack of scalability etc. ... Added to this, lack of the necessary licenses to operate legally before the SEC (Securities and Exchange Commission), which has led to sanctions and closures to many of these.
In short, many have been adapting and have been working, the truth is there are very good exchanges that have allowed many to get rewards, but discovering a different project, which offers you all the tools of security, privacy, speed and use of essential tools for every market operator in one place is the dream of any passionate in the world of investments. This is where ONAM comes into the picture and offers us a wide range of benefits that will undoubtedly hallucinate just by being able to evaluate this incredible exchange.
![¿Qué es MyEtherWallet_ (1).png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmNQU1wCY337ERip3QFcYppfT2eSLzBpxkuQkewJNCG9eb/%C2%BFQu%C3%A9%20es%20MyEtherWallet_%20(1).png)
What is ONAM?
ONAM, is a unique exchange platform in its kind, this operates with the market of the Criptomoney, but that in its operation there are many implementations that make ONAM, the best bet to operate in this new digital economic era that arises in the hands of Blockchain technology and the Criptocurrency.
It is a scalable and transparent platform, which offers security, speed, liquidity that make it totally compatible, which seeks to solve the main disadvantages suffered by the current most famous exchanges that exist and that is largely adaptable to all types of traders, whether they have experience or not in the market, this is due to the large number of tools it has, which are very useful and simple to use in order to obtain the best market analysis related to Criptocurrency.
![¿Qué es MyEtherWallet_ (1).png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmNQU1wCY337ERip3QFcYppfT2eSLzBpxkuQkewJNCG9eb/%C2%BFQu%C3%A9%20es%20MyEtherWallet_%20(1).png)
What challenges does ONAM face in today's market?
As I have already mentioned, there are many things that are currently happening in the exchange platform ecosystem, which often prevent these platforms from being adopted on a massive scale, because the population fears that they will mainly lose their funds and the company will disappear.
Among these challenges we have:
Unsafe exchanges and security breaches:
Criminal practices are the order of the day throughout the Blockchain ecosystem today, these hackers over the years have confiscated a large sum of money by attacking mainly the exchanges of Criptomonedas, which are a clear point of attack for these and that this practice will increase as long as the developers do not implement really reliable measures against them.
Scalability, a limit that does not allow exchanges to grow:
These markets are limited in their growth in the shortest term than one thinks, although it is true that the current market is a little lateralized and with little volume, the adoption of blockchain technology and crypto currencies has grown exponentially in an incredibly massive way, many investors have come to stay and on many occasions the main exchanges such as Bittrex or Bitfinex, were on the verge of collapse by this growing wave of users who have entered the ecosystem, which resulted in them stopping the records of new income for a few weeks while solving the situation.
Market Manipulation:
Being a really young market, these exchanges lend themselves to many large anonymous investors to perform cunning practices of identity theft, injections of exaggerated capital that make many of the currencies rise abnormally and do not follow their normal market course, trapping many small investors in them causing money losses without remedies, for months the U.S. Department of Justice has been investigating these cases which are really punished, the lack of regulation in it has partially paralyzed the adoption of this new digital economy, driving many institutional investors away from the market.
Uncompromising Customer Support:
As far as I am concerned, this is one of the most important aspects that any exchange service must have, due to ignorance in many occasions things are done that get out of the hands of the users due to ignorance, needing the help of support personnel, even if you are an experienced user that has had some inconveniences, it doesn't escape from this either, lasting weeks to have answers to really urgent cases that involve a great percentage, loss of funds, account locks, or failures in the authentication system of two factors, etc.
Absence of Liquidity in the market:
Behind all this activity of buying and selling currencies, there is liquidity, which is associated with the volume of transactions that are executed in the same and also the circulation of money, which makes the transactions are executed quickly and efficiently. This has caused price fluctuations to affect supply and demand and to suffer manipulations that make them benefit from these changes, a really important aspect that determined the success of any exchange.
Lack of compliance:
The constant violation of rules throughout the ecosystem has caused the SEC to always be aware of each of the movements of these exchanges, including ICOs (Initial Currency Offers) or similar projects that involve the collection of funds through investment. Many scams have been carried out and this requires a regulatory framework that allows institutional investors to invest giving them security against any adversity, however, as long as this does not happen, all investors will be alert, massive adoption and market capitalization will not increase, which will slow down the whole process.
![¿Qué es MyEtherWallet_ (1).png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmNQU1wCY337ERip3QFcYppfT2eSLzBpxkuQkewJNCG9eb/%C2%BFQu%C3%A9%20es%20MyEtherWallet_%20(1).png)
What solutions does ONAM bring to change the situation in today's markets?
ONAM offers us a great variety of changes and tools, but more importantly, are the solutions it provides, in order to have a truly reliable platform and everything necessary to invest safely in the cryptomoney market.
Among these solutions we have:
Security:
Even before the implementation of security in exchanges, hackers always find some gap by which to circumvent the security systems of the same, however, this has become the top priority for ONAM, tending as an objective that developers implement big changes so that fraud does not happen. Among these implementations we have, DDoS mitigation solutions, anti-phishing and 2FA, which in some way have become recurrent adjustments in the market, however, ONAM has developed its own systems of prevention and surveillance against hackers, in addition to intrusion detection and surveillance of businesses, which are driven by automatic learning systems that identifies any irregular behavior that hovers over the entire ecosystem in general, giving it a powerful layer of protection almost impenetrable that works at all times.
Scalability:
The system and the exchange of ONAM, is thought in the scalability, of this way, the philosophy by which they were governed in the construction of the same one says, if this one is not fast, then it is too slow, reason why in many occasions the exchanges cannot support so many transactions as a whole, practically not all support about 2 million transactions per second. In this sense the engineering team has overcome, so that this support very heavy loads capable of processing up to 10 million transactions per second with latencies as low as 40 nanoseconds.
All of this was achieved, ONAM says, using Google's Golang programming language, which was created specifically for high-intensity server applications.
Market manipulation:
By means of machi ne learning, ONAM's real-time market surveillance system, this analyzes all the data of all the operations carried out, determining with this one, if there are suspicious irregularities that have to do, for example, with absurdly large operations, operations with transfers, money laundering of some irruption in some other market etc. This allows them to monitor the situation, generate reports and first of all protect the book flow of the market so that it does not suffer any market manipulation and is affected.
Customer Service:
As any exchange, these are also based on a service, which opens the doors to all users to operate in the same, in that sense, the objective of ONAM is based on offering live chat 24/7, 365 days a year, in all languages, committing to address all the problems that occur more frequently throughout the ecosystem within the first 15 minutes of having sent a ticket to support, also has telephone support that will be there, for at least the first 6 months of initiating.
Liquidity in the market:
The ONAM team is committed to making it a truly transparent ecosystem, having as its mission to attract all investors, market makers, miners, by using multiple order books, bringing the trade to a single point where it will not suffer market manipulations, where the price will flow according to what is really happening in it, attacking the lack of liquidity and volume of other exchanges exposed to manipulation.
Regulatory compliance:
In order for ONAM to be able to be fully legal, they have hired one of the leading law firms in the United States, to be fully compatible with the SEC. All this is with the main objective of attracting institutional investors that make all the masses trust and do not have to worry because the regulatory agencies close it.
![¿Qué es MyEtherWallet_ (1).png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmNQU1wCY337ERip3QFcYppfT2eSLzBpxkuQkewJNCG9eb/%C2%BFQu%C3%A9%20es%20MyEtherWallet_%20(1).png)
Essential characteristics of ONAM
![](https://steemitimages.com/640x0/https://i.postimg.cc/k58ZrgmD/Caracateristicas.png)
Image of onam.io - ![img](https://steemitimages.com/640x0/https://s20.postimg.cc/f7q5dk7od/icons8-route-24.png)
In this section of the article, I will describe all the main characteristics of ONAM, which make it a platform really adaptable to any public, whether it is very experienced in the market or if you are a novice on the other hand, no doubt what I will describe below will please you and will make you go to see this platform right away.
Among the main features we have
Types of advanced orders:
The ONAM exchange system offers Trailing Stops, Take Profit, Iceberg Orders, Fill or Kili, Good Till Cancelled, One Cancels, in addition to the traditional orders found in other exchanges such as Limit Order, Market Order and Stop-Limit, will greatly help all traders to have good risk management and be able to protect a large percentage of their profits.
Margin Trading:
A great implementation, is referring to the acquisition of a loan that will allow them to operate with more money in exchange for paying a small percentage on it.
Margin lending:
This option allows users to lend part of their funds, thus earning interest according to what is provided to margin traders on the platform. These in turn, may choose the rate and duration of this loan.
Composite index fund:
This feature allows all investors to obtain a diversified choice of assets to form their business portfolio.
Paper Trading:
A feature intended for all beginner traders, which will allow them to trade in the market with all types of orders, but without trading with real capital.
Modular user interface:
It allows all users to adjust and modify their trading platform to their taste and comfort.
Trading Assistant with alerts and signals:
This is an excellent tool, which operates under a robot, a trading assistant that limits the risks, according to the balance held by the account, which helps the continuous operation and profitability of the accounts.
Auto Trading and Backtesting:
Another very interesting tool that allows all operators to create trading robots with their own trading strategies, or simply use those already created by the most expert operators of the platform.
Social media tools and market sentiment analysis:
A very useful tool, which allows you to analyze the feelings that loom in the market in the fundamental aspects of it.
Market scanning tool:
It allows all the operators to find currencies according to the specifications that these indicate, extremely vital to be able to find those unique opportunities that the market shows us to generate returns.
Advanced Graphics:
A tool that will allow all operators to chart any asset according to their wishes, within the same platform, without the need to acquire other external services.
Trade of experts and education in ONAM:
A great feature that will help all beginners in the financial markets to educate themselves properly and hand in hand with professionals.
News and Announcements Feed:
A very simple tool that helps all users to keep really informed of all that happens in the whole ecosystem and in the world of investments.
Push Notifications:
Its main objective is to keep the operator informed of all the trades he makes on the platform, so that a notification will always arrive with all the relevant information.
OTC trading:
This tool will facilitate the investment of large private companies and also of large individual traders without increasing the volatility of any asset, all this thanks to an intelligent contract that will be executed which will protect every investor from any problem that arises in the purchase or sale.
Last but not least are these features:
- Multilanguage platform
- FIX Server for our institutional traders.
- Advanced and Custom APIs
- Affiliate Program
![¿Qué es MyEtherWallet_ (1).png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmNQU1wCY337ERip3QFcYppfT2eSLzBpxkuQkewJNCG9eb/%C2%BFQu%C3%A9%20es%20MyEtherWallet_%20(1).png)
ONAM exchange commissions and comparison with other markets
ONAM competes with the large markets of greater liquidity and volume, however, it has great capacities to quickly position itself among the first for all the repertoire of tools that it offers and that are in one place. It is for this reason that I aspire that in the medium and long term this exchange is first in the section of CoinmarketCap as the most used exchange of the whole ecosystem.
In the following image, we will be able to observe all the commissions that ONAM charges, referring to deposits, withdrawals, exchanges among others.
In this image we will be able to observe the comparison of ONAM with the most famous markets used in the whole ecosystem.
![¿Qué es MyEtherWallet_ (1).png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmNQU1wCY337ERip3QFcYppfT2eSLzBpxkuQkewJNCG9eb/%C2%BFQu%C3%A9%20es%20MyEtherWallet_%20(1).png)
All details of the sale of the ONAM Tokens
The ONAM token is based on the Ethereum network, under the protocol type ERC20, this is called by the symbol ONAM, the sale of these tokens will be done only in BTC and ETH.
An interesting note that you can find on its main website and that all investors should take into account is as follows:
Crowdsale participants must go through the ALD and CYC verification process in order to claim their chips. The tokens will not be released until this process is completed by the participant.
In this image you can see all the details of the ONAM token.
![¿Qué es MyEtherWallet_ (1).png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmNQU1wCY337ERip3QFcYppfT2eSLzBpxkuQkewJNCG9eb/%C2%BFQu%C3%A9%20es%20MyEtherWallet_%20(1).png)
More details about the ONAM utility token
ONAM's tokens play a very important role to be able to use all the resources offered by the platform, with this token we can save on commissions per operation up to 50%, unlock tools and additional functions which include a limited Trade Assistant, Market Exploration tools, Trade Alerts and signals.
In addition to this, the following must be taken into account:
ONAM token holders are not entitled to any type of company control, voting rights or benefits. ONAM tokens will not appear on any other stock exchange. ONAM tokens gain value only through their use within the ONAM microeconomics platform and token buybacks. ONAM chips should not be considered speculative assets and their growth should not be associated with the future success of the company.
Aspect highlighted in ONAM's WhitePaper on page 17
Repurchase of the ONAM tokens
With a view to the growth of the platform token, the same company has established that it will buy and burn the same every three months. In short, ONAM will use 25% of its revenues to carry out this action, with the sole aim of reaching a destroyed total of 50% or 150,000.00 (One Hundred and Fifty Million) of the total token supply.
Assignment of ONAM tokens
ONAM has a very interesting rewards division, which in my opinion is distributed for the growth of the platform and also with a view to fairly rewarding all the developers and the team itself.
This division in the next one:
- 195.000.000.000 of ONAM chips assigned to the Crowdsale represent 65% of the total supply. The remaining 35% will be distributed as follows:
- 20% - 50% of the team's shares will be retireable after six months of full launch and the remaining 50% will be retireable after one year, to ensure that the ONAM team is motivated to develop and grow the platform.
- 10% allocated to ONAM's Emergency Reserve for market liquidity and unforeseen legal expenses associated with compliance, licensing and other related expenses.
- 5% for Bounty, Advisors and Strategic Partners
Aspect highlighted in ONAM's WhitePaper on page 18
Allocation of funds for the sale of ONAM files
The assignment that will take place in the sale of cards, is the following one:
- 50% of the ICO's revenue will be allocated to the development of the ONAM platform, research and development, the recruitment of development staff, system maintenance and upgrades, the extension of the platform and the establishment of the complete framework before its launch.
- 25% of ICO's profits will be used for marketing, public relations, platform education and community outreach programs to help us increase our user base.
- 15% of ICO's revenue will go to the company's daily operations, including, but not limited to, office expenses, staff salaries, travel expenses, etc.
- 10% of ICO's revenue will be used for legal expenses associated with our platform, including licensing, compliance costs associated with expanding the platform into different regions, registrations, etc.
Aspect highlighted in ONAM's WhitePaper on page 19
![¿Qué es MyEtherWallet_ (1).png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmNQU1wCY337ERip3QFcYppfT2eSLzBpxkuQkewJNCG9eb/%C2%BFQu%C3%A9%20es%20MyEtherWallet_%20(1).png)
Why is ONAM's goal of working with regulators to meet standards so important?
This point is of great importance because if ONAM works hand in hand with regulators and the SEC, it will bring many benefits such as institutional investments, more trust on the part of companies and large individual investments and a massive adoption coupled with the exponential growth of currency prices.
How will ONAM's super low rates benefit the merchant?
Transaction fees are very much taken into account by commercial operators, these largely define whether or not to operate in that exchange, since after an evaluation that is made between which will be more convenient, the savings in each operation is very important for capital management, therefore, is one of the strongest points of ONAM in this regard.
What is the benefit of combining the many financial tools in one platform with ONAM?
This is something that I have never seen in a single platform, so many basic and advanced tools in one place, main for every market operator is something really mind-blowing, this allows greatly attract much attention, promote adoption and increase investments in all that is the ecosystem of crypto currencies.
What is the impact of having the fastest transaction capacity of all existing exchanges (10 million transactions per second instead of 2 million transactions per second)?
The main importance lies in scalability, this is a really important point for the medium and long term progress of any project, especially an exchange, since this will never collapse with the large number of transactions that are executed per second.
How will ONAM's dedication to customer service increase customer confidence and improve usability?
The customer service is a very important point in any service, the main problem that is presented in the other exchanges is the response so late that the users have before case quite delicate, in this sense the fact that ONAM attacks this point is of real importance to generate more adoption in the platform, all customers have more confidence in it and forge the reputation of it.
![¿Qué es MyEtherWallet_ (1).png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmNQU1wCY337ERip3QFcYppfT2eSLzBpxkuQkewJNCG9eb/%C2%BFQu%C3%A9%20es%20MyEtherWallet_%20(1).png)
Use Case (Paper Trading and Trading Assistant with alerts and signals)
Michael is a person who is interested in many investments, however, does not have the experience to be able to have a good control of risk and has only studied a little through videos and only knows the basics, in that sense looking for an exchange that suits your needs to learn and that has a tool for this purpose, has run into after a long time with ONAM.
In this way, studying the innumerable benefits, he has come across the Paper Trading tool, which allows him to operate in the market with all types of advanced orders and without risking his capital. On the other hand, he has also noticed the Trading Assistant with alerts and signals.
At that time knowing that he did not have all the experience to trade and have a good control of risk, this tool came to him like a ring to the finger, because it can perform operations limiting the risks according to the capital entered into the platform, which will greatly increase your stay in it while learning to trade the market correctly and take full advantage of the potential it has to offer ONAM.
![¿Qué es MyEtherWallet_ (1).png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmNQU1wCY337ERip3QFcYppfT2eSLzBpxkuQkewJNCG9eb/%C2%BFQu%C3%A9%20es%20MyEtherWallet_%20(1).png)
Conclusion
In general, I am very happy and excited with this project, as I commented earlier in the introduction of this article I am an investor, I operate in the traditional markets and Criptomonedas and having security, scalability, many tools in one place to operate, without the need for other pages or additional services is something really amazing and beneficial, in addition to this work with regulators, I will have those latent nerves that at any time the exchange performs improper practices or there is an inconvenience in the time that involves sanction and closure of it. For this reason I see a lot of future in ONAM and no doubt I will use it.
![¿Qué es MyEtherWallet_ (1).png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmNQU1wCY337ERip3QFcYppfT2eSLzBpxkuQkewJNCG9eb/%C2%BFQu%C3%A9%20es%20MyEtherWallet_%20(1).png)
Road Map
![](https://steemitimages.com/640x0/https://i.postimg.cc/zvjvxNBc/Mapa-Vial.png)
Image of onam.io - ![img](https://steemitimages.com/640x0/https://s20.postimg.cc/f7q5dk7od/icons8-route-24.png)
![¿Qué es MyEtherWallet_ (1).png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmNQU1wCY337ERip3QFcYppfT2eSLzBpxkuQkewJNCG9eb/%C2%BFQu%C3%A9%20es%20MyEtherWallet_%20(1).png)
The Team ONAM
![](https://steemitimages.com/640x0/https://i.postimg.cc/LsLHySQ3/Equipo-1.png)
Image of onam.io - ![img](https://steemitimages.com/640x0/https://s20.postimg.cc/f7q5dk7od/icons8-route-24.png)
![](https://steemitimages.com/640x0/https://i.postimg.cc/Mph6bH5G/Equipo-2.png)
Image of onam.io - ![img](https://steemitimages.com/640x0/https://s20.postimg.cc/f7q5dk7od/icons8-route-24.png)
The Advisory Board
![](https://steemitimages.com/640x0/https://i.postimg.cc/y8J6ZcF5/Asesores.png)
Image of onam.io - ![img](https://steemitimages.com/640x0/https://s20.postimg.cc/f7q5dk7od/icons8-route-24.png)
![¿Qué es MyEtherWallet_ (1).png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmNQU1wCY337ERip3QFcYppfT2eSLzBpxkuQkewJNCG9eb/%C2%BFQu%C3%A9%20es%20MyEtherWallet_%20(1).png)
More Information & Resources:
![¿Qué es MyEtherWallet_ (1).png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmNQU1wCY337ERip3QFcYppfT2eSLzBpxkuQkewJNCG9eb/%C2%BFQu%C3%A9%20es%20MyEtherWallet_%20(1).png)
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Inspirational post! You know what they say.. "To handle yourself, use your head; to handle others, use your heart."