The main criterion for choosing a cryptocurrency platform is a high level of security, low commission payments and a variety of services that project users can conduct through the service. Of the existing projects, not every platform can provide such functionality. Many cryptocurrency exchanges operate centrally, increasing the risks of fraud and susceptibility to hacker attacks for their users. In addition, exchanges charge a large commission for converting fiat into cryptocurrency, completely eliminating the possibility of making a profit from operations. And, finally, the modern cryptocurrency platform has, as a rule, one working direction, not taking into account all the possible interests of a user. ONAM's decentralized platform globalizes cryptocurrency trading, allowing users to trade cryptocurrency unlimitedly and transparently within a single service. The project’s traders will find the best conditions for trading, high speed, reliable crypto sale and a large selection of digital assets for operations.
Key features of ONAM
ONAM platform is characterized as a project with high performance and subject to legislative regulation in the field of cryptocurrency. This contributes to competent risk management, the ability to conduct free and protected trade using modern analytical tools. M ONAM platform offers its users artificial intelligence, which will help to get trained in the basics of cryptocurrency trading and develop a trading strategy on exchange. ONAM is a truly scalable and innovative platform with unique enterprise-level security.
Advantages of ONAM
ONAM platform provides a fully transparent and fair work in the cryptocurrency market by complying with the basics of legislation at the world level. Regardless of the location of a trader, the work on ONAM is absolutely legal and complies with generally accepted standards. A modular project interface that supports multiple languages will help serve more regions, giving them the opportunity to operate on the platform.
ONAM works on the basis of blockchain technology, providing its users with a high level of security. To sign up for the project, you should fill in a form, which is subsequently accompanied by the KYC verification. This identification step is required to protect against fraudsters and create chat bots within the project. Due to the decentralized method of storing information, each user is protected from hackers and unauthorized access to information and assets.
Matching Engine project that is ONAM own development is capable of processing 10 million transactions per second. The maximum delay time is 40 nanoseconds. ONAM crypto exchange offers users high-speed operation in conjunction with a high level of security.
Comparative analysis with similar projects shows that ONAM has several advantages. First, the amount of commission for a standard operation within the project is 0.05%. This fee is minimal, given the size of the commissions of competitors from 0.07% and more. Secondly, the platform offers margin trading, personal robot assistant, OTC trading, adaptation to iOS technologies and Android APP within one resource. It is especially necessary to dwell on OTC trading, since it is just entering the market of digital assets. With the help of OTC, a buyer and a seller conduct a transaction directly without intermediaries, increasing price stability, the speed of a transaction, the safety of the platform and the confidentiality of the information used.
ONAM platform is constantly evolving - qualified staff is monitoring the continuous modernization and addition of new tools to the project. The further plans of developers include the implementation of crypto exchange and cryptocurrency trading, margin and over-the-counter trading, margin lending and index fund operations, an expanded list of analytical tools with the ability to build diagrams, the possibility of processing an advanced type of order thanks to a wide project filter. ONAM also offers a trading assistant, auto-trading functions, customer support in the live chat format in non-stop mode, and a customizable pop-up notification function will help not to miss important information.
The calculations within the project are carried out using smart contracts, ensuring high speed of payments and low commissions. Work without intermediaries using digital signatures will reduce the time of a transaction and its cost, increasing the profits of both parties.
ONAM cryptocurrency
The project uses ONAM tokens to perform calculations within the project. They are implemented on the basis of the Ethereum network and comply with the ERC-20 standard. You can purchase cryptocurrency with the help of BTC and ETH. A total of 195 million tokens were allocated for sale, which is 65% of the total cryptocurrency issue. The project is at the stage of the preliminary sales until November 1, where you can buy tokens with 20% discount. The minimum threshold for participation at this stage is 1 ETH. The project’s softcap is 2.5 billion dollars, hardcap - 15.6 million dollars. The main crowdsale ends on December 1st. The minimum threshold for participation at this stage is 0.5 ETH. The fixed price is 2625 ONAM for 1 ETH.
Summary
Thus, ONAM project is a new level of cryptocurrency trading platform. The main advantages of the project include high speed of payments, a large selection of cryptocurrency for trading and exchange, as well as low transaction fees and a high level of security. Comfortable interface and 24/7 support service will ensure effective work of each user. ONAM is an innovative product offering a wide range of services to traders. It will contribute to the development of the use of cryptocurrency all over the world.
The project was launched at the beginning of the current year, and by the end of the first quarter the initial testing of the product had already taken place. By the end of the year, ONAM creators plan to release the beta version simultaneously with conducting stress testing and registering assets. By mid-2019, the platform will be launched in its full functionality. To provide additional user security, project creators will audit operations on a quarterly basis.
The funds collected during the ICO are planned to be invested into the further development of the platform (50%) and marketing campaign (25%). The remaining funds will cover the company's running costs.
Links:
Website: https://onam.io/
WhitePaper: https://bit.ly/2RCXFuU
Telegram: https://t.me/onamofficial
Facebook: https://www.facebook.com/onam.official/
Twitter: https://twitter.com/OfficialOnam
Medium: https://medium.com/onamex
ANN: https://bit.ly/2PmAkw8
Author: https://bitcointalk.org/index.php?action=profile;u=980049
This article was created in exchange for a potential token reward through Bounty0x
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.
bounty0x username: the1arty
Great article, the Onam exchange definitely looks promising! I would also recommend checking out this article: "Onam ICO Review for a second opinion on the project.