Introduction

In lieu with the world and cryptocurrencies, the rise and awareness of virtual tokens are intricacies that have come to stay and are not ready to fizzle out of the globe soon. With the advent of cryprocurrencies like Bitcoin, Ethereum, Dogecoin, Luno, Dutchcoin, etc it has necessitated the emergence of a market and exchange platforms that have cropped up online, through the internet, native to organisations who have enrolled in cryptofinancial operations and cryptography and likewise have modelled operations of various start-ups in order to infuse the technology of blockchain, token valuation, ICO (Initial Coin Offering) and cryptocurrency remuneration.
It is worthy of note to say that these exchange platforms have helped us to achieve quite a whole lot. Exchange platforms like Blocktrades, Binance, One Page X and a host of them have made their move to leave their mark and carve out disparate niche and strengths for themselves.
When cryprocurrencies are mined, invested and earned, there is a transient need to exchange these virtual tokens for a financial value. These are FiatMoney that have renowned world value distinct to different countries, even though currencies like Dollar (U,S), Pounds (U.K) and Euro (Europe) have been a yardstick for measuring overall economic performance in the world today due to the technological advancement of these countries. and are viable forms of payment received in exchange for goods and services. This is one of the the many things these exchange platforms have strived to achieve, giving value to virtual tokens by exchanging them for fiat money which are generally acceptable.

Early in the year 2018, the Cryprocurrencies market pushed towards a $1 trillion market cap which many exchanges were not able to handle explicitly. Due to the massive turn out of cryprocurrencies investment in the last three years, it shows that the mass adoption of cryprocurrencies is still in its embryonic state as more investments will crop up in the future. Likewise with mass adoption, challenges and even legality issues are inevitable.
Although utmost dedication has been the order of the day in ensuring that Cryptofinancial investments get legalized all around the world and become subject to financial regulations, acts and bodies globally. However, with the characterization of the rigid infrastructures of exchanges, there may be a looming doom in lieu with handling the true mass adoption of cryprocurrencies in the future and also, this may lead to the loss of interest of both existing and new customers in the investment intricacies of cryprocurrencies.

What is ONAM?

ONAM is the latest, secure, scalable, transparent and compliant cryprocurrency exchange platform that offers liquidity [quick access to cash when they are needed ] and customer supportiveness.

ONAM is established with the aim of cutting back on the lapses of exchange platforms with respect to legalization, this is where its compliance sets in, ONAM is specifically built to be flexible, regulation compliant and dynamic in such that it stands in line with the current and future regulations of the SEC (Securities and Exchange Commission) and other regulatory bodies. This makes it so amazing, also a pointer to the fact that there is a viable future for ONAM and its dealings with customers, clients and investors.

The Legality Issues With ONAM

ONAM's aim to work with regulators to be compliant is so important because the future of most virtual transactions are threatened. All around the world today, many Cryptofinancial transactions have suffered a lot of disclaimers and legal restrictions, shunning and hedging people from divestiture in such dealings as the rate of fraud and online exploitation still remains on the high side. And now, although these transactions and organisations that are crypto based are based on the amazing blockchain technology and most recent technological tools which makes them cut out third party interferences and speed up the rate of transactions, their operations yet poses a threat to existing securities and money market available in the global economy at large and hence adoption to a new form of money still seems bizzare and poses a challenge to some. This is why ONAM as a secure and scalable technological platform have made all measures, pushed all barrier logs and eradicated all discrimination by ensuring that its exchange stands in line and resonance with the current trends and regulatory compliance of the securities and acts on ground.
This will increase mass adoption in the future, help people to see that their investments can be secure and that they can get value for their virtual operations with respect to ICOs and KYC and token earnings. With being legal, ONAM will take a leap into what is next and stands ahead of many other exchanges currently available.

Challenges of Existing Exchange Platforms

The following are outlines of the shortcomings and restrictions of other existing exchange platforms

• Unsafe Exchanges and Security Breaches
• Scalability limits other exchanges face
• Market Manipulation
• Lackluster Customer Support
• Poor Market Liquidity
• Lack of Regulatory Compliance
  These outlines are further expantiated below

Unsafe Exchanges and Security Breaches
Cryprocurrencies and exchange platforms have mostly been the targets of several hacking groups and communities all around the globe since 2011. This has caused and brought about a lot of security challenges in the most recent years with each new breach. In the year 2017 the cryprocurrencies exchange lost over $266 million dollars to security breaches and in the first half of 2018 major exchanges have already suffered losses in the excess of $731 million dollars to various security breaches. In lieu of this, security experts and analysts have predicted even larger scale attacks, thefts and fraud as cryprocurrencies become more mainstream in the coming years.

Scalability limits other exchanges face
Due to the advent of technology and its progression further into a seemingly seamless future, current cryprocurrency exchanges are not engineered to keep up with the upcoming growth of the market and will struggle in the future. Many exchanges have been running close to maximum capacity due to the vast increase in numbers of traders investing in cryprocurrencies, and no one expeced the market to grow so quickly.

Here's a video made by me for more information and enlightenment

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