ONAM; THE FUTURE OF CRYPTO EXCHANGE
Cryptocurency is a liquefied worldwide recognized currency that shows up to be the best currency to be used when partnering with companies from another country with the motive of buying and selling of goods and services. This crucial use of cryptocurrency lead to the arrival of over 200 different cryptocurrencies, and the opportunity to choose between these cryptocurrencies arose. With this, crypto users begin to use different cryptocurrency base on their choice. That was when the idea of cryptocurrency exchange and cryptocurency exchange industry emanated. Though, the exchange of currency is compulsory for crypto users, but the security flaws in many crypto exchange platform has brought a lot of calamities on their users, and this is what inspired the creation of ONAM
WHAT IS ONAM?
ONAM is a multilingual cryptocurrency exchange platform which was created to solve the flaws in cryptocurrency exchange industry by offering outstanding security, scalable ecosystem, transparent transaction, customer support, liquidity and compliance to her users. With ONAM outstanding professionals, ONAMs is fully equipped to resolve every problem her competitors have been unable to solve and take crypto exchange to an advanced level with her innovative improvement on crypto exchange industry.
CHALLENGES FACED BY CRYPTO EXCHANGE PLATFORMS AND ONAM’S SOLUTION.
Unsafe exchange and security flaws: a lot of crypto users has been a victim of scammers and consequently lose their crytocurrency to an unknown person. This type of security flaw is very rampant in crypto exchange platforms because cryptocurrency exchange platforms are the main target of hackers, which usually result to the loss of millions of dollars by crypto exchange platforms when there is any security leakage.
Insufficient scale: a lot of crypto exchange platforms are still battling with how to make their platform scalable for their current users. Though the quantity of crypto users is conversely increasing as the number of cryptocurrency is increasing, how can a platform which is unable to take care of her current users be a scalable one with the rapid increase in the number of crypto users? If care is not taken, such platform will collapse as a result of insufficient space for her users.
Market manipulation: according to the result of the criminal investigation done in cryptocurency market by United state DOJ, it is clearly stated that manipulation in crypto market alone is glaring, this organization review a lot of market manipulation from spoofing, momentum ignition to pump and dump and wash trading.
ONAM’s SOLUTIONS
Unsafe exchange and security flaws: a secured platform today will definitely become an unsecured one tomorrow if the security system of the platform is not monitored. This is because cyber criminals will definitely find out how they can bypass the security system of such platform. This is why ONAM decide to use a tool powered by machine learning named Instruction Detection, with conjunction with proprietary Advanced Threat Prevention to monitor the security system of her platform on a daily bases .
Insufficient scale: with the use of GoLang programing language, ONAM is able to bypass the scaling ability of her competitors which used to be between one million and two million transactions per second to five times of what her competitors can offer ( ten million transactions per seconds) with latencies as low as 40 nanoseconds. The amount of transaction ONAM can process per second makes her capable to withstand heavy transaction load.
Market manipulation: ONAM’s team is able to prevent market manipulation with the use of machine learning technology. This technology is an amazing equipment which works as a real time surveillance, supervision and compliance system, which is used to monitor suspicious trading activities in ONAM’s ecosystem.
ONAM’s FEATURES.
Apart from the solutions ONAM has provided to the problems faced by her competitors, ONAM still possess other future which makes her outstanding in cryptocurrency exchange industry. Here are few of the features:
Margin Trading: ONAM users are given the ample opportunity to increase their buying power in exchange for little interest fee.
Margin Lending: ONAM support lending in her ecosystem in order for her users to earn interest from it.
Advanced Order Types: This is a significant feature of ONAM which assist ONAM’s users on how they can be more successful in their day-to-day trading.
Paper Trading: this feature of ONAM simulates trading for novice users.
Modular User Interface: users can customize their trading page on ONAM.
And lot more
WHY IS ONAM BETTER THAN HER COMPETITORS?
- Transaction speed: with ONAM’s five times faster transaction speed, ONAM users can make as much as possible transaction five times faster than what her competitors can offer. This awesome feature of ONAM help her users to exchange their cryptocurrency within few seconds.
- Minute transaction fee: despite the fact that ONAM offers the services other cryptocurrency exchange platform has not been able to achieve, yet, ONAM put her users into consideration by minimizing the cost of transactions on her ecosystem better than what any other cryptocurrency exchange platform can do. This will conversely increase the amount of income her users used to make.
- Real time trade surveillance: with the use of machine learning technology in ONAM’s ecosystem, this platform is able to check for suspicious transaction in her ecosystem. This consequently make the security system in ONAM better than what her competitors offers.
ONAM USE CASE.
Jerry is a chronic crypto addict who make use of cryptocurrency in his day to day transactions, though he has been making use of cryptocurrency for year, but he still find himself moving from one crypto exchange platform to the other because he used to spend a lot of time whenever he want to pay his workers due to the low transaction speed of the platforms he has been to. Fortunately for him, his friend introduce ONAM to him. He joined ONAM ecosystem and he finds out that he did not only enjoy quick business transaction but he also pay little fee for his transaction fee. Though jerry joined ONAM ecosystem few months ago but now, jerry is a virtuous user of ONAM because he derives pleasure from how ONAM satisfies him with what he want.
This is the video I make about ONAM
Visit the following website for more information about ONAM
ONAM Website]( [https://onam.io/)
ONAM WhitePaper
ONAM Telegram
ONAM Reddit
ONAM Medium
ONAM LinkedIn
ONAM Instagram
ONAM Twitter
ONAM Bitcointalk
ONAM2018
TWITTER LINK
Hello! I find your post valuable for the wafrica community! Thanks for the great post! We encourage and support quality contents and projects from the West African region.
Do you have a suggestion, concern or want to appear as a guest author on WAfrica, join our discord server and discuss with a member of our curation team.
Don't forget to join us every Sunday by 20:30GMT for our Sunday WAFRO party on our discord channel. Thank you.
This post has been submitted for the @OriginalWorks Sponsored Writing Contest!
You can also follow @contestbot to be notified of future contests!
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by oluwashinaayomi from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.