ONAM: The Crypto-Currency Exchange
Preface:
Blockchain is definitely one of the new developments in the 21st century technology. Though cryptocurrencies are nascent now, it would dominate fiat currency in the future. We even have the witnesses that many governments limit the physical transactions in different countries in different levels. Those countries people have limitations to use physical currency, and even some countries completely replace the physical currency with online transactions. Of course, those governments hadn't banned Fiat currency but they are trying to reduce the physical form of their currencies. It could be a sign to believe cryptocurrency will be accepted by entire world soon.
Well, but we need exchanges to get various cryptocurrencies. If you know about cryptocurrency, you could say that many people do businesses in crypto trading. Of course, exchanges are not just for serious crypto traders, but they are needed to do any business with crypto. We have many popular exchanges like Binance, Bittrex etc. But the number of new exchanges are being growing day by day. But a few of them come with better features and opportunities to the users. The exchange called "ONAM" is one of them.
ONAM is a cryptocurrency exchange but not like others, it has advanced features for the trader.
What Is ONAM?
ONAM is a cryptocurrency exchange platform, but it is no like other exchanges currently in the blockchain market, it is different from other exchanges. It offers latest and best security, scalability, transparency, customer support, liquidity and compliance.
ONAM's Solutions
Security –
It has the systems are driven by machine learning to identify irregular activity before it negatively affects user accounts. The systems are DDoS mitigation, 2FA solutions, and anti-phishing solutions, ONAM have their own “Advanced Threat Prevention, Intrusion Detection, and Trade Surveillance systems”. These are also all secured by encrypted databases.
Quarterly 3rd party audits are also a key part of its security obligation to its clients.
Scalability – ONAM's platform outperforms all the competition in terms of transactions per second and latencies. ONAM handles “10 million transactions per second with latencies as low as 40 nanoseconds.”
Transparency – ONAM's Real-Time Market Surveillance and Compliance system surveys the ONAM network for irregular trading activities. Various characteristics and trade-types are closely monitored in order to generate Suspicious Activity Reports for the system’s regulators. All of these features make Market Manipulation almost impossible.
Customer Support – ONAM aims to offer 24/7/365 live customer support via chats in multiple languages. Common issues will be addressed within 15 minutes via support ticket system. Phone support will be offered within the first 6 months of launch as well.
Liquidity – ONAM will attract large market makers, miners, and volume traders to participate in their network. High slippage and market manipulation issues will be fought off by enlisting book orders from multiple exchanges.
Compliance – The SEC has taken the stance that almost all token issues are security issues. This has resulted in multiple subpoenas to various companies launching ICOs. Licenses are necessary for initiating public offerings and ONAM's top legal representatives are all informed on the latest positions regarding SEC and its view on ICO activities.
Token Allocation:
Roadmap
The Team and Advisory Board
Video
I wrote this article for the contest of @OriginalWorks. Here is the contest link:
https://steemit.com/crypto/@originalworks/1300-steem-sponsored-writing-contest-onam
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Twitter tweet link:
https://twitter.com/CryptologyBook/status/1062460182326693888
- CryptologyBook
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