ONAM-The Advanced,Secure and Superfast Cryptocurrency Exchange
About Onam
The Exchange market are created platforms built around blockchain technology where digital money (Crypto currencies) are been use to perform task such as exchange of coin, trading.
ONAM is an exchange adapted to the needs of lovers of cryptocurrencies, has the safety and speed necessary in their transactions and an important aspect is the ease of handling.
ONAM "offers its users tools through robots and automated algorithms" among its benefits is the speed of its transactions, since it can perform "10,000,000 transactions per second compared to other exchanges"
Whats is ONAM ?
ONAM is an exchange that is made up of high quality professionals who will be in charge of making crypto exchanges. This exchange has been in charge of studying deficiencies or problems that present other exchanges in order to offer a good quality service.
ONAM It has its own advanced systems for threat prevention, intrusion detection and commercial surveillance. it helps us to have a security that makes it possible for people to be quiet because they are a key part of ONAM security obligation to its customers.It has its own advanced systems for threat prevention, intrusion detection and commercial surveillance. it helps us to have a security that makes it possible for people to be quiet because they are a key part of ONAM security obligation to its customers. It has its Scalability, Transparency, Compliance, Liquidity and Customer Service.
ONAM’s SOLUTION
It is true that other exchanges matching engines cannot handle more transactions per second. Using the GoLang programming protocol, ONAM exchange is capable of processing 10 million transactions per second with a minimum transactions delay of 40 nanoseconds.At ONAM , every customer is important to the exchange. They are ready to tackle any issue raised by users in less than no time using a live chat channels where users can communicate directly to a customer care representative. These chat rooms are flavoured with different languages option to mitigate the issue of language barrier among users across the globe. At ONAM , customers are first priority!Using the Advanced threat prevention, intrusion detection and Trade Surveillance system, ONAM gives it users a confident that no other exchanges has given. With it machine learning technologies, fraudulent activities can be detected event before they happens. In other words, ONAM 's team will tackle security breach using advance machine algorithm to detect such breach before their initiators dream of succeeding such attacks. This will encourage investors’ trust since users are prevented from theft and being pre-informed before such activities happens in real time.With ONAM , the issue of poor market liquidity is history as it will be resolved by incentivizing and offering truly transparent order books from different exchanges.
ONAM's great features!
- Crypto to Crypto Trading
- Margin Trading
- OTC Trading
- Margin Lending
- Composite Index Fund
- Paper Trading
- Advanced Order Types
- ML Trade Assistant
- Auto-Trading
- 24/7 Live Chat Support
- Push Notifications
- Advanced Charting Tools
OTC Trading is perfect for deals between cryptocurrency miners selling directly to financial institutions... neither of whom want to disturb the price half-way through their transaction. This, along with the margin trading and auto-trading are going to be extremely appealing to the organisations who have millions of dollars to invest in the space.The Composite Index Fund is going to be essential for getting retail investors comfortable with cryptocurrencies... in the stock market, index funds have always outperformed dealers from Financial Management services... which makes sense, no one, despite all the study that everyone in these industries does, can truly predict what a market is going to do... and so composite index funds are going to be an absolutely essential tool for retail investors. I personally cannot wait to get my family involved in this.
Exchanges Fees
In ONAM the deposits are free of fees.
SECURITY
The different crypto exchanges have presented several hacks since the beginning of 2011, as well as several in the year 2017 and this year with millions of dollars lost. Experts predict that hacking attempts will continue. 1.35 million BTC, 120,000BTC, 24,000BTC, 19,000BTC and 97BTC were lost to internet hacks by major cryptocurrencies exchanges which include Mt. Gox, Bitfinex, Bitfloor, Bitstamp and Poloniex respectively. And every year, exchanges are prone to hack attacks.
Scalability
Due to the high traffic and the greater number of people who join this world of cryptocurrency, many of the exchanges have been found near their capacity limit because they are not designed for a high volume. This myopic view of how fast the market will grow has also limited exchanges in creating room to accommodate more features for future invention of other currencies. In just 2017 and 2018, massive number of new investors trooped the market after seeing the possibility in the bitcoin and other subsequent currencies birthed. Cryptocurrencies exchanges find it difficult to accommodate more trades as their exchange matching engines are overloaded during peak trading times.
MARKET MANIPULATION
The United States Department of Justice has opened a criminal investigation into the market of cryptocurrency since manipulations occur in the cryptocurrency market, from spoofinf, wash-trading, pump and dump. These are responsible for affecting the most novices in this world of cryptos.Most times, market manipulation is initiated by a group of individuals in the crypto market usually called "Whales". This creates pressure for smaller scale investors or new investors to the market who find it difficult to join the market at particular price range set by these big investors that are already in the market.
Lackluster customer Support
Most exchanges has taken an "I don't care" customer support approach especially when they've gotten some good numbers of customers they tagged "VIP" or "Big Whales" in their market. New users or small scale investors are almost neglected in issues such as approval of customers' accounts or KYC, urgent cases such as loss of funds during a trade by a new user etcetera.ONAM carried out surveys for several weeks in order to determine what were the concerns of those who use these exchanges and be able to offer the best. So in ONAM the objective will be to provide support 24 hours a day, 7 days a week and 365 days a year, through their live chat and to be able to give a solution to the most common problems during the first 15 minutes As well as they will give support via telephone.
ROADMAP
onam2018
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