ONAM - The Exchange that Inspires Customer Confidence

The cryptocurrency boom initiated by Bitcoin in 2009 promised to rival and eventually transform traditional financial systems in favor of freemarket and individuals. Cryptocurrencies being decentralized on the blockchain were free from the stranglehold of manipulating banker cartels, and were able to facilitate a streamlined peer-to-peer digital currency framework without any centralized financial authority. Since then blockchain technology and cryptocurrency space has been throwing up gems like Ethereum and Steemit and Coinbase, this sector is ruling the digital space and threatening to disrupt already established systems. The exponential increase in the number of blockchain instruments - exchange platforms, users, transactions , and cryptocurrencies, smart tokens and debit cards point to the fact that this revolution in the digital space is still continuing and will keep growing in the near future.

The demand for secure and stable platforms, for dealing in the myriad cryptocurrencies and facilitating Coin Offerings by new and life- changing projects, has been growing. The diversity created a wide range of unique crypto offerings, but interoperability and cross-chain valuations were the problem. Crypro exchanges aim to bridge this gap and create capitalization and liquidity for cryptocurrencies.When four major crypto- exchanges were hacked in this year there was a spike in demand for a well established, -High Performance, Regulatory Complaint Trading Platform ONAM is the answer to this demand. The founders of ONAM Alex Jumaev and Otto Inagamov had seen the dangers of the current crypto exchanges being non- regulated. Anticipating the exponential rise in crypto users they have worked to set up ONAM a - robust, scalable, secure and regulation compliant platform that aims "to resolve the shortcomings and other issues our competitors are facing and create scalable, and transparent exchange that’s able to handle future mass adoption."

ONAM is aiming at bringing safety and transparency back to the cryptocurrency markets. Below is a table made from various points in ONAM's whitepaper. ONAM is geared to provide the customer with ease of doing business while not cutting corners or avoiding regulatory procedures. Shielding the traders from fly by night operators and market manipulations is ONAM's way to gain user confidence and increase capitalization.

Before speaking about the features which makes ONAM special. Let's compare it to some top exchanges in the market. ONAM is not only offering what other exchanges offer but bettering it and all the extra ease of trading at CHARGES LESS THAN THE OTHER EXCHANGES. Low fees induce more trades by the daily and regular crypto- traders because they can EARN at small margins, taking advantage of minor fluctuations.

- Source: WhitePaper, Page 13

You can save more than 50% on your trading fees by using ONAM TOKENS. Pre-Sale of tokens is on right now at 20% bonus for investors. Buy Here
The price of ONAM Token is bound to increase and in my opinion the price will nearly double in the near future i.e 100% off on your trading fees.

-Source: ONAM whitepaper. pg-15

KEY FEATURES OF ONAM

• Advanced Order Types
  These options assist the customers in being more successful in their day-to-day trading

• Margin Trading
  Users can leverage higher buying power in exchange for a small interest fee

• Margin Lending
  Users earn interest by lending, and can pick their own rate and duration terms

• Composite Index Fund
  Users can diversify their portfolio

• Paper Trading
  Trading simulations for novice users

• Modular User Interface
  User can customize his/her trading page

• Trade Assistant with Trade Alerts and Signals
  Powered by machine learning
  Limits risk by assessing current position, account balance, and user’s personal tolerance

• Auto-Trading
  Backtesting helps customers use trading bots based on their personal strategies
  Users can employee premade strategies as well

• Social Media and Sentiment Analysis Tool
  Powered by machine learning
  Market condition forecasting

• Market Scanning
  Powered by machine learning
  Sets criteria for users to identify the kind of volatility they are seeking

• Advanced Charting
  Helps users optimize historical analysis of commodity, currency, security, etc.

• Trading Expert Coaching
  Novice users can be taught best practices by a community of experts on the platform

• News and Announcement Feed
  Major cryptocurrency-related news and updates

• Push Notifications
  All activities will be pushed to the user

• OTC Trading
  Smart contract escrow services to create smooth swaps of assets and funds

• Multi-Language User Interface
  Prefered language as an option

• Multi-Language 24/7 LIVE Chat Support
  Users always have access to help

• FIX Server for Institutional Traders

• Advanced and Custom APIs

• Affiliate Program

-Source

USE CASE-1 THE SMALL TRUST

Growth Finance Inc. is a small community fund used to conservative trading. The governing body has decided to invest a small percentage of their funds in cryptocurrencies but the issues regarding security and volatility are keeping them away from any crypto currencies. On the other hand tracking the new and upcoming cryptocurrencies is difficult. A young trader introduced ONAM Composite Index Fund to them as an instrument to step into the crypto space while staying very safe.

USE CASE-2 THE NEW AGE CRYPTO TRADER

Andy is a new crypto investor, basing his investments on advanced charting techniques. His first few investments with a popular exchange were profitable. But now he has received a circular from the SEC that the exchange he is dealing with is under investigation for market manipulation. He wants to shift to a more transparent and legally robust platform. He finds out about ONAM and the stress they have on being regulation compliant. Andy is is also surprised at the Advanced charting and algorithm based trading offered by ONAM. He is happy to sign up when he notices that the fees ONAM charges are even smaller than the exchange he was using.

USE CASE-3 THE ON-THE-GO TRADER

Mellanie is a publicist for a new age APP Developer. She very busy conducts most of her business on the phone. Being in touch with many crypto enthusiasts she is looking for a safe and easy trading platform she can use from her I-phone. ONAM is recommended to her. The App is user friendly and can execute smart trades. The Exchange is fast and entirely transparent. Mellanie is thinking of investing more in the crypto space following ONAM's News and Announcement Feeds.

CONCLUSION

ONAM's emphasis on Security and Service is welcome. These two areas are the weak points for many cryptoexchanges. ONAM is looking at these becoming their strong points. It employs Enterprise grade security and enforces realtime Anti- manipulation and Anti Money Laundering protocols. It offers best in the market custodial services with 100% cold storage. ONAM does not store keys and sensitive data online.

On the service side all the employees are carefully chosen and have to go through compliance training. ONAM has 24-7-365 online chat help and will introduce phone-in services.

ONAM is not just another exchange. It is a new bench mark platform setting up a gold standard for cryptocurrency exchanges.

Sources:

ONAM Website
ONAM WhitePaper
ONAM Telegram
ONAM Reddit
ONAM Medium
ONAM TOKEN SALE
ONAM Twitter

The Contest: https://steemit.com/crypto/@originalworks/1300-steem-sponsored-writing-contest-onam

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