ONAM: Crypto Exchanges Faster and Safer
"Globalizing Seamless Trading Under One Platform"
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Introduction
After the appearance of Bitcoin in 2009 and the subsequent development of other cryptocurrencies as alternative methods for the payment of goods and services around the world, it became necessary to create Exchanges, which break into the market between 2010 and 2011, allowing make exchanges between different cryptocurrencies, in addition to converting our digital assets into fiat money and vice versa.
The digital asset market is growing at breakneck speed, and according to some experts, it is still in the early stages of its overcrowding. It is estimated that as of April of this year, the average daily volume in all exchanges of digital assets exceeds 18 billions USD equivalent, with a total estimated market capitalization that could exceed one trillion USD equivalent.
However, this accelerated growth may affect the rigid structures of the most well-known Exchanges, which have been operating at the limit of their capacity, as they are unable to meet the future needs of the market, closing the doors to new users or abandoning ongoing projects.
Another problem facing the Exchanges for the mass adoption of critoactives, is the fear of people to lose their funds. Since 2011 the Exchanges have been hacked by the multiple security breaches they present, which caused the theft or loss of around 266 millions dollars in 2017 and about 731 millions in what has elapsed in 2018. It is estimated that these losses may increase as new investors join the cryptoactive market.
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What is ONAM?
Is a cryptocurrency exchange platform characterized by the use of state-of-the-art technology to offer its users the best in "security, scalability, transparency, customer service, liquidity and compliance".
Security: ONAM engineers have developed their own "advanced systems of threat prevention, intrusion detection and commercial surveillance", which are driven by automatic and continuous learning, in order to identify any irregular activity on the platform before it affects it negatively, safeguarding user accounts. These systems are protected by encrypted databases.
Scalability: This platform surpasses all competition in terms of transactions per second and latencies, which is the term used to describe the sum of time delays within a network. ONAM manages "10 million transactions per second with latencies as low as 40 nanoseconds" in contrast to 2 million transactions per second offered by the rest.
Transparency: The real-time market surveillance and compliance system offered by ONAM inspects the network to identify irregular commercial activities. Certain characteristics and types of trade are monitored closely to generate suspicious activity reports for system regulators. All these characteristics manage to minimize the manipulation of the market.
Customer Service: This project is based on the service, for which ONAM has as its main objective to offer live assistance to its users 24/7/365 through chats in multiple languages. Common problems will be addressed in 15 minutes through a support ticket system.
Liquidity: Poor market liquidity will be solve by attracting large market makers, miners, and volume traders to participate in this network.
Compliance: The SEC (Securities and Exchange Commission) has taken the position that the vast majority of token problems are security issues. This has brought as a consequence, multiple citations to several companies that launch ICOs. The licenses are necessary to initiate public offers and the main legal representatives of ONAM are duly informed about these activities.
Enterprise Grade Security
How ONAM works?
The advanced features of ONAM and its collection of tools will help improve the individual experience of operators, regardless of their level of expertise. Operators will have access to platform tools that take advantage of innovative technology through bots and automated business algorithms, a customizable multilingual modular interface, risk management and robust technical analysis tools that will allow them to make the best decisions.
Features
Among the diverse characteristics that ONAM employs, the following stand out:
Advanced Order Types: These options allow customers greater success in the daily operations they perform.
Margin Trading: Users have the best bargaining offers that they can take advantage of in order to obtain greater purchasing power in exchange for a small interest rate.
Margin Loans: This modality allows to generate money passively through the interest generated by the loans, in which the users themselves establish their rate and duration conditions.
Composite Index Fund: With the use of this financial tool, users can diversify their investment portfolio.
Paper Trading: Ideal for novice users since it allows the realization of trading simulations to experiment without the risk of bankruptcy.
Modular User Interface: This presentation allows the user to customize their trading page according to their preferences.
Trade Assistant with Alerts and Commercial Signals: Powered by the automatic learning of the platform. Limit the risk when evaluating the current position, the balance of the account and the user's personal tolerance.
Auto-Trading: Users can use prefabricated strategies by using commercial robots that do the trading work.
Advanced Graphics: Designed to help users optimize the historical analysis of products, currency, security, among other topics.
Commercial Expert Coaching: Designed for novice users who want to acquire knowledge through the advice of a community of experts.
News Feed and Announcements: Main news and updates related to the cryptocurrency.
Multi-language User Interface: The user has the option to choose the Language of their preference.
LIVE Chat Support 24/7 in Several Languages: The platform allows users to access online support permanently.
The official launch of the platform is planned for mid-November, however, an announcement will be made when the exact date is known.
ONAM Use-Case
Robert is a middle-aged real estate consultant. Graduated from the university with honors in Finance, due to a very conservative education he has always had aversion for risk.
Its investment portfolio also includes real estate, fixed income financial instruments, which, although they do not provide high returns, the level of exposure to risk is practically nil, so Robert feels quite comfortable.
In recent years he has carefully observed the growth experienced by cryptoactives, however, the high volatility of the market, in addition to the hacks that the Exchanges have suffered, have not allowed him to venture into this area in which he does not have much knowledge .
A companion of Robert suggests the use of ONAM because he is convinced that it is the perfect platform for people who have a low level of expertise and who seek security for the safeguarding of their funds, because it provides permanent advice and has a complete system of surveillance that constantly monitors the network in search of irregular activities. In this way, Robert incorporates cryptocurrencies into his investment portfolio.
The Team
ONAM senior management has decades of combined experience in finance and technology. The team members have held high positions in recognized technology companies. All employees are carefully chosen after being subjected to a rigorous background check process in order to safeguard the security of the platform and customer funds.
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Advisors
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Conclusion
The human being by nature is reluctant to change, the aversion to the new, everything that we do not understand is normal, is a condition inherent in our own humanity. For this reason, many people look askance at the growing market of cryptoactives, although it is proven that they are a perfectly valid alternative for the payment of goods and services over the Internet, as well as constituting an option for the safeguarding of our heritage.
For this reason ONAM emerges as the fastest and safest platform for all those who wish to venture into cryptographic commerce, providing the most versatile tools for this experience to be pleasant and enriching, without the risk of being victims of unscrupulous people who want to take away their funds, while entering into this fascinating universe that will set the tone for the coming years.
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