ONAM. Robust and innovative platform for the exchange of digital assets.

guillermos (43)in #blockchain • 6 years ago (edited)

Introduction

Investors in the cryptocurrency market consider security a very important aspect when investing their money. The need to store money securely and conduct reliable transactions in a decentralized manner has given Bitcoin and Cryptocurrencies great popularity in its constantly growing market. However, although blockchain technology is safe compared to other existing systems, it has been shown to have many weaknesses; By tracking transactions on the network, it is possible to know the identity of the investors, since all transaction data, including the number of transactions, are visible to everyone in a public book.

Once the identity of an investor is known, it is also possible to know the history of all the transactions that have been made, which represents a personal risk for the user, since their investments could be subject to kidnapping or theft by unscrupulous persons . That is why Onam, taking into account the security of its users, has created a safe and reliable system to perform transactions where it is impossible to carry out any theft or fraud.

What is Onam?

Onam is a cryptocurrency trading platform that processes transactions in a few seconds. Onam Exchange solved the current problem faced by other encryption exchanges by building a well-secured and scalable platform. He also made appropriate arrangements in case of massive adoption in the future. Onam is an exchange that works in function of regulatory bodies and by Regs and Reg D security bodies.

Benefits offered by Onam

Security:

Platforms that handle large volumes of cryptocurrencies are a target of attacks by hackers who try to destroy the systems, usually through DDOS attacks, they also try to enter accounts using information from social networks to steal.

Lack of security affects the cryptographic market and makes its scalability difficult, as people and companies fear losing their money, so the security of ONAM is a priority and provides its users with a platform with their own advanced security systems. It offers 2FA solutions, which is a process that requires users to send two means of identification before accessing their accounts; and anti-phishing solutions, which prevent the theft of personal information, such as passwords or credit information or other banking information.

ONAM is based on automatic learning to identify some irregular activity before it occurs in the system and affects the accounts of the users,. It is protected by an encrypted database and quarterly third-party audits are performed to ensure the security of your systems. Check the background of the employees to match the security that ONAM requires.

Scalability:

Due to the growth of the cryptocurrency market, systems based on blockchain technology such as Bitcoin have become heavy due to the large volume of transactions handled, which makes these systems inefficient and not scalable.

Onam offers a solution to this problem of Advanced Threat Prevention and Intrusion Detection with machine learning technology, which allows faster confirmations per transaction, which makes it more scalable than any other blockchain. It can handle more than 10 million transactions per second with latencies as low as 40 nanoseconds. In addition, it is possible to make different types of transactions in a private deposit, etc.

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Transparency

Some exchanges operate illicit funds and manipulate prices, but ONAM monitors the cryptocurrency market in real time and monitors irregular commercial activities in the network. It makes suspicious activity reports and ensures that its processes are transparent. In addition, quarterly third-party audits in Onam are mandatory compliance that keeps the platform performing well.

Customer Support

The operations of some exchanges are deficient, have a bad service and do not respond to the queries of the users, which generates risk and uncertainty for the users, this creates tension and discomfort in the investors and mistrust in the community. ONAM offers customer service live 24 hours a day through chats in different languages, common problems will be resolved in 15 minutes through the support ticket system. Within the first 6 months of the launch of ONAM, telephone support will be offered.

Liquidity

By learning from other trade errors, the Onam team provides transparent order books and this will surely attract large operators of the market, volume and even miners to the platform.

Accordance

The lack of laws and regulations on the exchange of encryption exchange has caused problems for users, as occurred in July of 2017 when the United States government presented charges to a platform for money laundering and operation without a license, the assets of the users who were seized OR frozen until the dispute was resolved. To avoid this type of problem, ONAM complies with the laws and regulations of the SEC (Securities and Exchange Commission of the United States) to ensure that its processes are transparent.

ONAM's machine learning system monitors and monitors that there is no market manipulation (AMM) and filters and identifies illegal behavior so that money laundering (AML) does not occur.

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Onam Characteristics

ONAM is identified as a cutting-edge high-performance commercial platform because it has the following characteristics:

Users can take advantage of greater purchasing power in exchange for a small interest rate.
Users of margin loans earn interest through loans and can choose their own terms of rate and duration.
Trading simulations for novice users.
The user can customize his trading page.
Limit the risk when evaluating the current position, the balance of the account and the user's personal tolerance.
Help customers to use trading robots based on their personal strategies.
Prediction of market conditions developed by machine learning.
Establishes the criteria for users to identify the type of volatility they seek.
Help users optimize the historical analysis of products, currency, security, etc.
Beginner users can learn the best practices from a community of experts on the platform.
Main news and updates related to the cryptocurrency.
OTC Trading Smart contracts custody services to create swaps of assets and funds.
User interface in several languages.
Multilingual support 24/7 LIVE Chat Chat. Users always have access to help.
FIX server for institutional merchants.
Advanced and customized APIs.
Affiliation program.

Partnership with BitGoTM

Through the partnership with BitGoTM, ONAM will be able to solve the problem of the lack of custody services for institutional investors. The association will also provide strict policies and controls that will ultimately guarantee a qualified custodian. Custody services range from institutional-grade policy controls to 100% cold storage in bank-grade vaults. This cold room requires multiple signing to access.

Token Onam

The platform will offer the ERC-20 token called ONAM based on the Ethereum network during its ICO. Crowdsale participants must pass the verification process of AML and KYC to claim their tokens, the tokens will only be published when this process is completed.

The collective sale will take place in BTC and ETH and the minimum purchase that must be made by those who wish to buy in ONAM is 625 chips to participate in their collective sale, the pre-sale will be available until November 20, 2018. The collective sale It will take place from November 20 to December 21.

Conclusion

ONAM is an innovative platform in the exchange of cryptocurrencies, which promises to solve the current problems that arise in the platform. It offers the highest security, scalability, liquidity, transfer, customer service. Guarantees its users, speed and maximum security in each transaction. ONAM offers the best solution for the security of your assets, keeping your investment safer. ONAM, is a fully compatible robust platform that helps improve the individual experience of novice and experienced operators. Through advanced threat prevention, intrusion detection and commercial surveillance along with encrypted databases, it guarantees the security of your funds and the fairness of the market within our platform.