ONAM: The unlimited Crypto exchange of the future

in #crypto6 years ago

1. INTRODUCTION

The currencies are under scrutiny in the EU, so the European Parliament has just approved a series of measures included in the fifth revision of the directive against money laundering and whose objective is to combat anonymity in the market of crypto currencies and prevent them from being used to launder money or finance terrorism. ONAM is a measure to comply with the requirements of the same and with the regulatory bodies in their plans to obtain a broker license, a money transmitter license and registration as an alternative trading system with the SEC.

ONAM is a high-performance commercial platform, which has a solid risk management, commercial surveillance, advanced negotiation tools and a state-of-the-art security system with automatic learning technology.

ONAM presents a fully compatible platform, committed to its mission, led by professionals who are ready to take exchanges of cryptos from the turbid waters of non-compliance to a massive welcome ocean of adoption.

ONAM'S advanced tools and features will help improve the user experience of the novice and experienced traders. Traders will have access to platform tools that take advantage of innovative technology through automated trading algorithms and bots, a customizable multilingual modular interface, risk management, and robust technical analysis tools.

With the help of machine learning technologies, ONAM can detect any irregular activity and their Advanced Threat Prevention system will mark any potential problem in real time, preventing infractions before it is too late.

ONAM Matching Engine can handle more than 10 million transactions per second with latencies as low as 40 nanoseconds. The combination of their patented Advanced Threat Prevention, Intrusion Detection and Commercial Surveillance tools along with encrypted databases, guarantees the security of the customers funds and the fairness of the market within the platform.

2.CHALLENGES & OUR SOLUTIONS

Unsafe exchanges and security breaches

The cryptocurrency boom and its incorporation as an investment opportunity and a quick way to obtain resources have linked not only to technology specialists but to common people with basic knowledge of the structure of cryptocurrency business.

In this way, taking into account the security level of the platform, cybersecurity never ends.

Considering how security breaches affect market sentiment, ONAM have made security their priority, and their developers are developing security methods in the construction of the platform.

They have developed a new tool that decrypts their own Advanced Threat Prevention and Intrusion Detection with machine learning technology to secure the platform.

The majority of security companies report a significant rise in cyber attacks of cryptocurrencies, most of them aimed at illegally obtaining these digital currencies, through various computer techniques.

It has been evident the manipulation of cryptocurrency exchanges in the market since its inception, this has been the goal of cheaters to take advantage of this newly created ecosystem.

As the market evolves, the manipulation became more sophisticated, "whale sightings" refers to the sale of large volumes of cryptocurrencies in an exchange, which reduces the value of the currency.

The fact that a "whale" has the ability to influence the market would definitely have a major impact.

Another form of manipulation of the market that is known is the creation of fraudulent projects without real value, scamming investors them through false news.



Scability limits other exchanges face

Exchanges of current cryptocurrencies will have difficulties in the future. Many exchanges have been running near full capacity due to the large increase in the number of traders investing in cryptocurrencies, and no one expected the market to grow so quickly. In the last six months, there was a massive influx of new traders and investors that entered the market.

The ONAM platform has one of the biggest challenges for the blockchain in terms of solving the consequences of the scalability, or the ability to process transactions in a shorter period of time.

ONAM refers to the division of the blockchain network into smaller networks that can process information transactions in parallel with the increase in the number of network nodes, being able to match transaction processing speeds.

This scalability will make it possible to reach a faster and larger number of people with the aim of improving the return potential of investors.

Market Manipulation

The manipulation of the market is a deliberate attempt to interfere with the operation within the stock market.

Market manipulation is intentional deception in an attempt to misrepresent or alter market prices. Competition and profits are the goals of market manipulation.

ONAM will prevent this using machine learning technology, Real-Time Market Surveillance, Supervision and Compliance system monitors suspicious business activity.

The ability to monitor each of these allows ONAM to generate reports of suspicious activities for regulators in compliance with current and future regulations. ONAM will no tollerate market manipulation techniques and will ensure the safety and fairness of market conditions.

Lackluster Customer Support

The Customer Support on major exchanges often falls short of user expectation. ONAM's mission is to help and provide the best support in the industry.

That is why they train all members in customer service, with the aim of offering live chats 24/7/365 in several languages ​​and commit addressing the most common problems in the first 15 minutes of the presentation of a ticket of support. They also promise to offer phone support within the first 6 months of the full launch to make sure there are no unresolved issues.

Poor Market Liquidity

Liquidity refers to the extent to which a market allows assets to be bought and sold at stable prices. ONAM's team will attract big market makers and high volume traders in order to guarantee high liquidity.

Lack of Regulatory Compliance

As the number of rules has increased since the turn of the century, compliance with regulations has become more prominent in a variety of organizations. Regulatory compliance is the adherence of an organization to the laws, regulations, guidelines and specifications relevant to its business. Violations of compliance regulations often result in legal penalties, including federal fines.

The compliance law evolved to help create parity in the market and offer consumers a sense of security. Companies need compliance to prosper ethically.

3. ONAM PLATFORM FEATURES

ONAM is based on a truly scalable cryptocurrency trading platform, which allows the expansion and increase of revenues while minimizing increases in operating costs.

ONAM operations platform presents a robust risk management, commercial surveillance, advanced negotiation tools and a state-of-the-art security system with machine learning technology. This project is mainly based on multiperspective geometry, model generation, unsupervised learning and predictive learning, according to the company specialized in artificial intelligence.

The ONAM platform was created to be truly scalable and will meet the security requirements against money laundering and market manipulation that regulators may have established.

Advanced order types ONAM These types of orders are useful because they are another tool you can use to help manage risk.
Margin Trading Currency futures generally need a margin that equates to a low one-digit percentage of the value of the currency contract. Users can take advantage of greater purchasing power in exchange for a small interest rate.
Margin Lending It allows receiving loans for trading leveraged in Margin Trading, something really interesting. Without a doubt, it is a great way to get a % of benefits.
Composite Index Fund With the diversification of the portfolio, it is possible to eliminate or mitigate possible problems or risks.
Paper Tranding feature Trading simulations for novice users. Trading is undoubtedly one of the favorite activities of people who enter the world of cryptocurrencies and users will be able to learn it without risking their capital.
Modular UI This feature was added in order to personalize these applications to the interests of each client regarding the demand for products.
Trade Assistant Limit the risk when evaluating the current position, the balance of the account and the user's personal tolerance.
Auto-Trading Backtesting allows the user to test a trading strategy before using it.
Social media and market sentiment analysis tool It is important to know the opinion of your business, The feelings analysis tools can help with this.
Market Scanning The scan will search, filter and evaluate potential opportunities, related and emerging technologies, new markets and services, which can be exploited by applying or combining with existing competencies.
Trading Experts Commercial experts are professionals with experience and knowledge that are responsible for facilitating business transactions and basic knowledge to new users.
News and Announcement Feed Main news and updates related to the cryptocurrency.
Push Notifications Push notifications is a technology that allows you to receive messages even when the user is not actively using the application allowing the user to always be informed.
Otc Trading Smart contracts that allow executing large volume operations without having to go through public order books. They can help you facilitate your deal directly with the counterparty without affecting the market price of the currency or the token.
Multi Language UI ONAM has as dynamic the description of the application change in a multilingual system when the user changes the language of the operating system UI in the control panel of the region and the language. This method is only valid for locally installed managed code assemblies. The Multilingual User Interface allows the localization of user interfaces for globalized applications. It also supports the creation of resources for any number of user interface languages. Live chat support 24/7 in several languages. Users always have access to help.

ONAM Exchange will support trading for digital assets listed below at it’s initial launch. This list will be updated periodically.


4. EXCHANGE FEES

5. EXCHANGE UI PREVIEW

6. ICO

ONAM will be offering ERC-20 token named ONAM based on Ethereum network during it’s ICO. Crowdsale will be conducted in BTC and ETH . Crowdsale participants must pass AML and KYC verification process to be able to claim their tokens. Tokens will not be released until this process is completed by the participant.

The Initial Coin Offering (ICO) is an innovative model that allows new companies to avoid traditional initial investment.

ONAM offers educational information and in-depth research reports on ICO to help investors.

They represent a future access to the product or service of a company. The defining characteristic of utility tokens is that they are not designed as investments; if properly structured, this feature exempts public service tokens from federal laws that govern securities.

Token Allocation and Token Sale Funds Allocation



Source

ONAM presents a fully compatible platform, committed to its mission, led by professionals who are ready to take exchanges of cryptography from the turbid waters of non-compliance and massive welcome adoption. By launching the ONAM exchange, they want to resolve the deficiencies and other problems our competitors face and create a scalable and transparent exchange that is capable of handling future mass adoption. The characteristics of the ONAM platform, an extremely powerful commercial comparison engine that can process more than ten million transactions per second and is therefore more scalable.

8.ROADMAP


Source

9.USE CASE

With the emergence of ICO comes new opportunities for investors.

A company dedicated to computer science has heard of a new technology of value, but due to its little experience in the subject, it has missed the opportunities that have been presented to it.

Informatics entrepreneurs invest their earnings in trusts to guarantee family and company assets, thus creating a structure of property rights.

After letting go the opportunities in the investment in the new technology in cryptocurrencies. Entrepreneurs want to take the reins and enter with a new perspective with this new technology.

In a business meeting, their partners introduced them to ONAM, as a platform that will provide high performance, solid management, and commercial surveillance, providing advanced negotiation tools and a state-of-the-art security system with automatic learning technology. Assuring them that their assets will be protected.

Informatics investors will have access to platform tools that take advantage of innovative technology through automated business algorithms and robots in a modular, multilingual interface.


10. Team

Soure

11. ADVISORS

Soure

12. MORE INFROMATION AND RESOURCES

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