MEET ONAM: A COMPLAINTS CRYPTOCURRENCY EXCHANGE WITH A RESCUE MISSION
Some of the problems associated with these exchange platform includes the following :
the major problem associated with exchange platforms are security. The complaint on security (people's personal details included) has being the major thing people are concerned with when it comes to exchange platform.
Another identified problem is high trading fees. Fees demanded from these exchange agencies is alarming. These has also being another factor that discourage people who tries to go into cryptocurrency.
lack of liquidity is another problem factor noticed in the exchange platform. This Most times leads to the creation of an imbalanced environment.
unethical response time from the support team is another recorded problem in exchange platforms. Issues regarding account suspension, withdraw information etc which requires urgent attention are most times ignored.
Non-Userfriendly and non-interactive user-interface in the exchange platform poses as another problem factor associated with exchange platform.
high withdrawal fees in another problem noticed in exchange platforms.
All these problems are the reasons why many other exchange platforms keeps surfacing all in a quest to render sutable solutions to the above mentioned problems and also others not listed above. But if there is no problem then therewill be no need for solution but with the existence of a problem comes a need to provide solution. With this I present a solution to the problems of exchange platforms known as Onam.
just like others, ONAM is also a cryptocurrency exchange platform but with a difference whose vision lies at being the most capable and price efficient exchange in the market. ONAM unlike other exchange platforms aims to innovate and not reinvent the existing platform. Apart from having the customers satisfaction at heart, It renders solutions to most if not all of the problems associated with cryptocurrency exchange. ONAM also introduced what it called state of art of security and complaince. With the state of art of security and compliance, it is able to maintain security of its customers in the sense that no password is stored in the database. It ensures that employees are screened well and their background check done properly before employment. It also ensures that no illegal transaction is carried out by deploying real-time surveillance, with this transparency is maintained and trust secured.
SOLUTIONS RENDERED BY ONAM INCLUDES
Security, transparency, scalability,liquidity,customer support, compliance etc.
Scalability: Time we agree is precious and most will even term time to be money. ONAM still remains the best as it understands this and so handles 10 million transactions per second with latencies as low as 40 nanoseconds, with this rate it tops other exchange platforms.
Transparency:ONAM is able to make market manipulation and other illicit trading behaviour impossible by the use of real-time surveillance and compliance system survey. With this, transparency is maintained and everyone is satisfied.
liquidity: The problem of lack of liquidity will be tackled as ONAM has the plan of attracting large market makers and volume traders to participate in its network.
ONAM has many features which it employed to render smooth transactions. Some of the great features include:
"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"-ONAM'S WEBSITE
ONAM'S TOOLS AND IT'S IMPORTANCE
Francis is a business billionaire who spends not more than a week in a country. He business requires him to move to different places. Francis was introduced to bitcoin in 2013 by his friend, despite having an excuse of not trusting the blockchain he decided to give it a try by investing in it. The problem Francis had was the time consumption it took for a transaction to complete in exchange platforms, because of his schedules, he trusted his friend with his transactions. Francis friend scammed Francis and ran away with his money.
Francis was devastated that he lost his trust in cryptocurrency exchange platform until he discovered ONAM and how transactions are performed within seconds. Francis was satisfied and back to the game. He needs nobody to do his transactions for him again since it takes him no time doing it with ONAM
With the existence of so many cryptocurrency exchange people are constantly in search of the most reliable one, probaby the best. ONAM which came with a rescue mission offers the best to the public, a smooth transaction which has its priority set to ensure the security of its customers data using the above listed means,ensures transparency and also consumes no time as 10 million transactions are carried out within seconds.
It has also been recorded that ONAM charges the least in terms of withdrawal fee compared to other exchange.
Why other exchange groups are still struggle to solve half of the problems involved in cryptocurrency exchange, ONAM has offered us a solution.
For more information please check out the following
ONAM website
ONAM whitepaper
ONAM Telegram
ONAM Reddit
ONAM Medium
ONAM linkedin
ONAM Instagram
ONAM Bitcointalk
The link to the @originalworks contest is
https://steemit.com/crypto/@originalworks/1300-steem-sponsored-writing-contest-onam
twitter link: https://twitter.com/winniechisom/status/1062476427285721088?s=09
All images in this article is from Onam websiteand Pixabay (an open source licensed images).
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