Compliance is ONAM's business normative concept. The prestige of any organization is undergirded by not only to achieve its goals and best products but also to attain them in lawfull and ethical mode. Since most people are honest, they will all at once avoid lawless risk and unethical procedures; that's why compliance is trully important for extending mass adoption.
The detection and Trade Surveillance tools developed by the ONAM team guarantee both security and compliance:
The same types of management tools that make a company run successfully also need to be used to make sure it runs legally and ethicallyCompliance can be interpreted...
as the appropriate action of individuals and companies in accordance with ethical principles and common sense, in addition to observing the laws.Hence ONAM has built a crypto exchange platform compliant with most important government regulations worldwide. ONAM is being represented by experienced law firm while dealing with regulatory organizations such as SEC, FINRA, FinCEN, during its phase ICO too.
In order to get compliant and operate as exchange ONAM is aiming to :
- Obtain a Broker-Dealer license,
- Register as Money Transmitter License
- Register as an Alternative Trading System
- and Become a member of Self Regulatory Organitazion (SRO)
Moreover ONAM is implementing KYC/AML compliance:
Know your customer (KYC) refers to due diligence activities that financial institutions and other regulated companies must perform to ascertain relevant information from their clients for the purpose of doing business with them for ensuring anti-bribery compliance, anti-corruption due diligence information and to verify their probity and integrity.
What is AML? Standing for "Anti-money Laundering", it is a set of procedures, laws or regulations designed to stop the practice of generating income through illegal actions.
Hackings and unfair manipulations of market have caused losses to both the little experienced investor and the largest and longest-running in cryptocurrencies trade. The cumulative losses exceed the billions of dollars and experts predict that the attacks will increase and the amounts of the losses of funds also.
Security and safety Safety is protection against hazards, while security is protection against threats. Hazards are unintended and occasionally related with enviroment (E.g. data loss for fire), threats are deliberated, often planned actions.
ONAM overcome the challenge on providing security and safety of its customer funds. That's becomes true through ONAM enterprise-grade security system powered by machine learning which comprises:
Trade Surveillance systems
- Advanced Threat Prevention, Intrusion Detection tools
- ONAM Anti-Market Manipulation system (AMM)
- ONAM institutional grade Anti-Money Laundery system (AML)
- machine learning technologies
- encrypted databases
- a real time market and customer surveillance
- flagging market manipulation attempts
- flagging offending accounts
- flagging potential illicit money laundering attempts
Each one tools and systems are powered by
Machine learning is the technology that underlies and empowers the crypto exchange platform of ONAM, then I will add three definitions that will allow us to intuit how it works to highlight the importance within the developed solutions of ONAM platform:
Machine learning is not a single technique or technology, but is rather a field of computational science that incorporates numerous technologies to create systems that can learn from the data in their environment and then make predictions and take actions when confronted with a new situation.
Machine learning (ML) is a field of artificial intelligence that uses statistical techniques to give computer systems the ability to "learn" (e.g., progressively improve performance on a specific task) from data, without being explicitly programmed.
Machine learning (ML) is a category of algorithm that allows software applications to become more accurate in predicting outcomes without being explicitly programmed. The basic premise of machine learning is to build algorithms that can receive input data and use statistical analysis to predict an output while updating outputs as new data becomes available.Having such a powerful tool means that ONAM's offers to provide a crypto exchange platform that can give us real security because it is capable of predicting malicious behaviors are not vain, and for that reason, it can also prevent market manipulations that could cause us lost to those who went such platform with honesty.
That's a good welcome mass adoption!!!
Speed is profit within the cryptoworld if also security and safety are implicit.
Google GoLang is a programming language which allowed ONAM team develop a matching engine with capacity of processing over 10 millions with latencies as low as 40 nanosegundos
A trade matching engine is the core software and hardware component of an electronic exchange. It matches up bids and offers to complete trades. Matching engines use one or several algorithms to allocate trades among competing bids and offers at the same price.Latency refers to the delay in transmitting or processing data:
...latency is measured by sending a packet that is returned to the sender; the round-trip time is considered the latency.Such speed converts ONAM into the fastest of all the crypto exchange platforms.
The ONAM team is committed to attracting large market-makers or exchange members and miners willing to buy and sell securities at the price indicated in the exchange. ONAM will keep securing the volume traders (quantity of shares or contracts traded for a specific asset). In this way, keep a really rich and transparent order book of multiple exchanges to counter the manipulation of the market and the poor liquidity that many exchanges face on a daily basis
ONAM undertakes to perform quarterly third-party audits of our security protocols, architecture, match engine, code and order books; to guarantee transparency and high-security standards.
ONAM is also grounded in service, and we are dedicated to providing the best support in the industry. We aim to offer 24/7/365 Live Chats in multiple languages and commit to addressing the most common issues within the first 15 minutes of a support ticket being submitted. We also commit to offering phone support within the first 6 months of full launch to make sure no issue goes unresolved.
Utilizing ONAM relationship with BitGo we will be storing 99% of funds in bank-grade Class III vaults to ensure the safety of the funds
Tools
- Trading Fees 0,005%
- Orden Maching Engine Capability 10Mtps
- Regulatory Compliant Trade Service
- Margin Trading
- Trade Assistant
- OTC Trading
- IOS / Android APP
- Live Web Support
Platform tools that leverage innovative technology through
- automated trading bots
- algorithms
- a customizable multilingual modular interface
- risk management tools
- robust technical analysis tools
ONAM'S
Features (state-of-the-art= cutting-edge features)- Advanced Order Types
- Margin Trading
- Margin Lending
- Composite Index Fund
- Paper Trading
- Modular User Interface
- Trade Assistant with Trade Alerts and Signals
- Auto-Trading
- Social Media and Sentiment Analysis Tool
- Market Scanning
- Advanced Charting
- Trading Expert Coaching
- News and Announcement Feed
- Push Notifications
- OTC Trading
- Multi-Language User Interface
- Multi-Language 24/7 LIVE Chat Support
- FIX Server for Institutional Traders
- Advanced and Custom APIs
- Affiliate Program
- ONAM Website
- ONAM WhitePaper
- ONAM Bitcointalk
- ONAM Reddit
- ONAM Medium
- ONAM Telegram
- ONAM LinkedIn
- ONAM Instagram
- ONAM Twitter
- ONAM Instagram
This is the link to the @originalworks contest
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