Introduction
Presenting ONAM to the ever-changing world of crypto.
Cryptocurrency marketplaces pushed towards an one-trillion-dollar market cover in early 2018 which caught most exchanges off safeguard. Honestly we remain at the first stages of mass adoption and you will see higher milestones and difficulties to come. However, in its present state the rigid infrastructures that a lot of exchanges use will never be able to deal with true mass adoption in the foreseeable future, resulting in closures to clients or abandoning tasks all-together to handle this we at ONAM has generated a system that is compliant with current and future rules established by the SEC and other regulatory body. It is scalable truly, secure, and show loaded and it is fitted to current and future needs of retail and institutional investors as well.
As compliance is one of our top priorities, we've maintained one of the very best law companies experienced in working with corporate and business and securities laws and regulations to represent us during our dealings with the SEC, FINRA, FinCEN and some other regulatory organizations. Our dedication to remaining compliant reaches our Initial Gold coin Offering (ICO) stage as well. To take action, we use Reg 5, and Reg D Securities Take action exemptions established by America SEC during our ICO. Conformity with the SEC crowdsale rules allows us to carry out our ICO in a lawful manner and help us steer clear of the stop and desist purchases and subpoenas that lots of ICOs are facing lately.
Alongside conformity, we place the same focus on security and the security of the money our retail and institutional customers have entrusted us with. The mixture of our amazing Advanced Threat Avoidance, Intrusion Recognition, and Trade Monitoring tools along with encrypted directories, warranties the protection of your money and fairness of the marketplace in your system. ONAM's system is driven by machine understanding how to identify and flag any potential market manipulation efforts to guarantee the reasonable development of the crypto property, much like Nasdaq's SMARTS trade monitoring system.
ONAM completely understands having fewer custodian services wanted to institutional traders on current exchanges and intends to resolve this problem by partnering with the marketplace innovator in institutional-grade cryptocurrency investment services provider-BitGoTM. BitGoTM has provided institutional traders with security, conformity, and custodial solutions for blockchain-based currencies since 2013. In of 2018 September, BitGoTM became a professional custodian and is currently completely compliant with the "Advisers Work" of 1940 and "Dodd-Frank Action" of 2010.
Our attractive modular interface eliminates the guesswork of market data from being displayed to an individual by introducing unequaled market sentiment tools into the industry to keep earnings and ease the user's changeover into an effective trading experience.
By putting a focus on adhering to conformity, security, and functionality ONAM is ushering in a fresh period of standardization in digital asset trading.
- Challenges
Unsafe exchanges and security breaches
Cryptocurrency exchanges have been the focuses on of varied hacking groups from 2011, and since that time security concerns have only grown with each new breach. In 2017 only crypto exchanges lost over $266 million dollars to security breaches and in the first fifty percent of 2018 major exchanges have previously suffered deficits in the surplus of $731' million dollars to various security breaches. Security experts forecast even bigger level episodes, thefts, and scams as cryptocurrencies are more mainstream in the arriving years.
Scalability limitations other exchanges face
Current cryptocurrency exchanges aren't engineered to maintain the forthcoming growth of the marketplace and can struggle in the foreseeable future. Many exchanges have been operating near to maximum capacity because of the vast upsurge in amounts of traders buying cryptocurrencies, and nobody expected the market to grow so quickly. Past due 2017 and early 2018 brought an enormous influx of new investors and traders getting into the marketplace. This uncovered how out-of-date and rigid the existing exchanges have grown to be an outlined the restrictions in scaling. As a result, this overloaded the exchange coordinating engines during maximum trading times, halting consumer registrations2 for weeks at the same time by a few of the biggest cryptocurrency exchanges put into the already volatile character of the still delicate yet flourishing market
Insufficient Regulatory Compliance
Again, within an unstable market, too little regulations helps it be difficult to get the trust of the average person or institutional traders who want to enter the marketplace. The actual fact that SEC is scrutinizing most cryptocurrency exchanges, ICOs (Preliminary Gold coin Offerings), and similar tasks while cautioning retail and institutional traders from taking part in cryptocurrency marketplaces proves that people are reaching a spot where we are in need of a definite Regulatory Framework to safeguard the investors. Insufficient rules leave potential traders in a gray area where travel by night endeavors entice them with ambitious tasks and high earnings on their opportunities throughout their ICOs but neglect to deliver anything significant thus giving a poor impression to beginner investors about the complete industry.
Market Manipulation
AMERICA DOJ opening a criminal investigation into cryptocurrency market manipulations alone is irrefutable proof large-scale market manipulations occurring within the cryptocurrency trading industry. Cryptocurrency exchanges are riddled with market manipulation techniques from spoofing, wash-trading, momentum ignition to pump and dump. These practices take benefit of novice and seasoned traders alike and would not be tolerated in traditional, regulated marketplaces. In the volatile, unstable, and greatly manipulated crypto market, too little regulations help it be even more complicated to get the trust of the people or for large institutional traders to enter the marketplace.
Poor Market Liquidity
The cornerstone of any successful exchange is liquidity. The marketplace has seen fluctuations in cost in mere seconds triggered by poor order books, large spaces between asks and bids thus making manipulations easy. Worse even, in fact, some exchanges vacation resort to unfair and illicit techniques by front-running, wash-trading or spoofing to simulate wealthy order books and benefit from price fluctuations.
Lackluster customer care
Other exchanges took a lackluster approach in offering customer care on their systems. For over half a year we conducted a study of customers from the very best five exchanges. Customer care was one of the primary concerns elevated. Some users reported waiting around weeks for posted support seat tickets to be resolved, even in immediate instances like lack of money, accounts lockouts, and 2FA resets.
- Our Solutions
Security
The cybersecurity challenge never ends. Once we secure certain assault vectors, cybercriminals find a new method of access. Without constant monitoring and real-time presence, risks tend to be recognized too past due and the harm can be expensive. Considering how security breaches impact market sentiment, we've made security our concern, and our designers took this security first attitude in building our system. Apart from applying industry standard DDoS mitigation, anti-phishing, and 2FA solutions, we've developed our very own amazing Advanced Threat Avoidance, Intrusion Recognition, and Trade Security systems. They are all driven by machine learning along with encrypted directories to secure our system. By using machine learning systems, we are able to identify any abnormal activities and our Advanced Danger Avoidance system will flag any potential problems in real-time, avoiding breaches before it is too past due. We focus on making security the primary competency of our system and are focused on mandatory quarterly third-party security audits. Again, we highly value the trust our customers devote us and we'll ensure the basic safety of their money 100% of that time period.
Scalability
Our exchange is made with scaling at heart, engineering our system around the fact that"if the scaling is not fast, then it is simply too sluggish". Many exchanges complementing engines cannot deal with several or two million transactions per second. ONAM's system easily outperforms all of them. Our executive team has shipped a much-needed quality solution with the capacity of withstanding heavyweight and compliant with all current and future rigid government rules to the marketplace. We are pleased with our ultra-high performance and our flexible matching engine with the capacity of digesting in the surplus of 10 million transactions per second with latencies only 40 nanoseconds. This is achieved by utilizing GoLang program writing language created by Google that was specifically designed for computationally extreme server applications.
Market Manipulation
Using machine learning our Real-Time Market Surveillance, Compliance and guidance system monitor for suspicious trading activity. Our bodies analyze pre-trade and post-trade data to recognize dubious activity such as unusually large deals, pass-through trades, clean investments, spoofing, layering, stuffing, hammering, front-running, and momentum ignition. The capability to monitor for every of these we can generate Dubious Activity Reviews for the regulators in conformity with both current and future rules. We intend to business lead by example and make the cornerstone of our viewpoint to suppress and eliminate market manipulation ways to ensure security and fairness of market conditions.
Customer Support
Our task is also grounded operating, and we focus on providing the best support on the market. We try to offer 24/7/365 Live Chats in multiple dialects and invest in addressing the most topical issues within the first quarter-hour of the support solution being posted. We also invest in offering telephone support within the first six months of full release to ensure no issue will go unresolved.
Poor Market Liquidity
We are focused on attracting large market-makers, quantity investors, and miners. By incentivizing them and utilizing order books from multiple exchanges, we will solve the high slippage and market manipulation issues due to poor liquidity other exchanges are facing and provide truly wealthy and clear order books.
Regulatory Compliance
The SEC has mentioned that practically all token assets are securities and has issued subpoenas to ICOs and exchanges for the unregulated sale of securities. The token market has used a change and legal experts are finally advising their clients to adhere to rules in issuing their tokens and working their business. Regrettably, most tasks remain to choose to use without acquiring the necessary licensing or apply for exemptions in some instances.
Unlike other platforms, we believe the main element in attracting new retail and institutional investors is to be fully compliant to ensure transparency and earn the confidence of the public. In the soul of full conformity, ONAM has maintained one of the very best legal firms in America to take care of all legal hurdles we as a business might face and also to operate with no risk of being a turn off by regulatory physiques.
ONAM System Features
ONAM's high-performance trading system features strong risk-management, trade security, advanced trading tools and state-of-the-art security system driven by machine learning. ONAM's system was made to be truly scalable and can fulfill any security, anti-money laundering, and market manipulation requirements that regulatory systems may have established.
Our unrivaled Institutional-level matching engine is with the capacity of control 10+ Mil transactions per second with latencies only 40 nanoseconds, making us the quickest exchange on the marketplace later on.Advanced order types such as Trailing Halts, Take Income, Iceberg Orders, Kill or fill, Good Till Terminated, One Cancels Other along with industry standard Limit Order, Market Order and Stop-Limit options offered on our system can help customers in conserving their income and assist them in becoming more lucrative in their day-to-day trading activities.
Usage of regulatory compliant Margin Trading allows our users to pay a little percentage charge on borrowed money in trade for bigger buying power.
Margin Financing allows our users to earn interest on the money they have provided to margin investors on our system. ONAM Margin Lenders can select the rate and duration they really want while structuring their loans.
A regular monthly rebalanced ONAM Composite Index Account provides our customers usage of a good and secure way to get varied contact with crypto assets.
In our dedication to assisting our users to be successful and become more lucrative traders, ONAM System includes a Paper Trading feature. This feature allows newbie and intermediate investors to trade on our system, test market conditions, and order types while enhancing their trading skills with no dedication of real capital.
A reactive Modular UI we've designed allows our users to customize their trading web page to make it sufficient for his or her needs. Our modern, reactive UI solves shortcomings and design defects of existing popular exchanges and their apps.
Trade Associate* driven by Machine Learning provides Trade Notifications and Indicators*. ONAM Trade Helper will limit dangers predicated on accounts balance, current positions, and the initial risk tolerance of every individual trader, thus increasing success and assisting our investors to remain profitable.
Auto-Trading and trading strategy backtesting* allows our customers to produce trading bots predicated on their own strategy with the signals they prefer, or even to simply use the ready-made strategies created by the expert investors on our system.
Customers may use our interpersonal press and market sentiment evaluation tool* driven by machine learning for ultra-fast sentiment evaluation of the marketplace conditions to make smarter trading decisions and stay a few steps before investors using other systems.
The institutional quality market checking* tool is driven by Machine Learning. The marketplace scanning device is an essential component in virtually any successful day investors career. Successful day trading involves trading the most volatile resources on the market. Our market checking tool allows our customers to find cash and tokens to trade predicated on the specific requirements they input. It will help them concentrate on those trades sooner rather than spend hours scanning the market manually.
Advanced charting with the specialized analysis tools that people provide can help our customers graph any given asset in your platform with no need to leave our exchange or spend extra money on third-party charting tools.
ONAM will be onboarding Trading Experts to teach beginner and intermediate traders on basic principles of technical evaluation and our trading system via educational videos and articles. This can help our customers navigate easily through the financial marketplaces and help us create a strong and informed community of investors.
ONAM's Information and Announcement Give food to helps our users to remain educated with the latest information. After all, an effective investor is the one which stays current regarding any given asset they may be trading. We've created an information feed in your system to keep all our customers up to date on cryptocurrency related information and announcements regularly so they don't overlook news centered spikes throughout their energetic trading hours.
Drive Notifications are a fundamental element of any given app. Most applications use drive notifications to keep their users up to date. However, cryptocurrency trading systems remain lagging in this aspect. We want to ensure that you are alerted immediately when your order fills or new coins/tokens are listed, and also other real-time activities on your accounts or ONAM exchange.
OTC Trading within our system will facilitate investing of possessions for institutional traders and large investors in your ecosystem, without increasing the volatility of the marketplace. By using trustless smart agreements, our system will become an escrow to ensure easy swap of money and property.
ONAM is looking to provide service to customers on a worldwide size. Our Multi-language UI can help us serve other areas better by giving them a choice to use the system in their preferred vocabulary.
We are focused on providing excellent LIVE Chat Support to your customers. ONAM Multi-language 24/7 LIVE Chat Support can assist our customers in multiple dialects and help them handle their issues regularly no matter how small or big. We've applied security questions to verify customer identification and also to keep customer accounts safe from unauthorized changes and takeovers.
FIX Server for our Institutional investors.
Custom and advanced APIs
Affiliate Marketing
ICO
- ICO Routine and Token Sale Details
The ONAM team is wanting to provide you with the chance to take part in our Crowdsale. ONAM will be offering ERC-20 token called ONAM predicated on Ethereum network during its ICO. Crowdsale will be conducted in ETH and BTC. Considering ETH volatility, the full total quantity of ETH we are looking to raise equal to our Soft and Hard Hats will be announced soon before our General public Crowdsale commences.
The ONAM ICO will start on Oct 1st with a finish day set at Dec 21st or until all 195,000,000 tokens offered for the crowdsale can be purchased out, whichever comes first.
The total amount of tokens will be set at 300,000,000 with a limit of 195,000,000 ONAM Tokens designed for the goal of this Crowdsale. Token era and distribution event will be kept by the end of our crowdsale deadline or when most of 195,000,000 ONAM Tokens sell out, whichever comes first. Any leftover or unsold tokens will be damaged.
In the spirit of keeping our promise to remain completely compliant ONAM will meet Crowdsale standards established by the SEC and utilize Reg S Category 1 and Reg D Exemptions enforced by America SEC during our Initial Coin Offering (ICO) event. Full conformity allows us to avoid any shutdowns or regulatory scrutiny after and during our ICO. This will also help us ensure the protection of your investment and prevent delays in starting the platform.
ICO soft cover is defined at $2,500,000 (Two . 5 Mil US Dollars) and a difficult cover of $15,600,000 (Fifteen Mil and 1000 US Dollars).
Crowdsale individuals must move AML and KYC confirmation process to have the ability to state their tokens. Tokens will never be released until this technique is completed by the participant.
- Token Utility
ONAM tokens are essential to utilize the entire features of the ONAM system. Users can save well on trading fees, unlock extra tools and features including, however, not limited by Trade Associate, Market Checking tools, Trade Notifications, and Signals.
By using ONAM tokens, users can conserve to 50% on trading fees, gain access to market sentiment and BI analytics data, purchase trading bots, plus much more.
ONAM tokens holders will never be entitled to any business control, voting legal rights, or profits. ONAM tokens will never be outlined on every other exchange. ONAM tokens gain value only using their usage within the ONAM system micro-economy and token buybacks. ONAM tokens aren't to be looked at speculative assets and its own growth shouldn't be from the future success of the business.
- Token Buyback
To aid the development of our local token, ONAM will be buying back again and burning up ONAM tokens every one fourth. ONAM use 25% of company revenue to buyback and destroy ONAM tokens until Company has ruined 50% or 150,000,000 (A HUNDRED Fifty Mil) of the total source, whichever is better.
- Token Allocation
195,000,000 ONAM Tokens allocated for the Crowdsale represent 65% of total supply. Staying 35% will be distributed the following:
20% - 50% Team stocks will be withdrawable after half a year of full start and staying 50% will be withdrawable after twelve months, to ensure that the ONAM team is motivated to build up and develop the platform.
10% assigned to ONAM Crisis Reserve for market liquidity and unforeseen legal expenses associated with compliance, licensing, and other related expenses.
5% for Bounty, Advisors, and Strategic Partners
- Token Sales Finance Allocation
50% of ICO proceeds will be utilized towards Development of the ONAM Platform, further R&D, dev recruitment, system maintenance, and upgrades, further scaling of the system and establishing the entire framework before release.
25% of the ICO proceeds will be utilized for Marketing, PR, Platform Community, and education outreach programs to help us grow our consumer foundation.
15% of ICO proceeds will be utilized for daily Operations of the business including, however, not limited by office expenses, staff salaries, travel expenses, etc.
10% of the ICO proceeds will be utilized for all those Legal expenses associated with this platform including licensing, compliance costs from the expansion of the platform in various regions, registrations, etc.
- Enterprise Quality Security
- ONAM enterprise-grade security system driven by machine learning includes our amazing Advanced Threat Avoidance, Intrusion Recognition tools rather than stores any passwords, encrypts all delicate consumer data before placing it into the database, our bodies is not susceptible to SQL injections.
- ONAM Anti-Market Manipulation system (AMM) driven by machine learning is a real-time market monitoring, compliance, and supervision system that constantly monitors for suspicious trading activity within our platform. Our AMM system can flag market manipulation tries such as unusually large deals, wash investments, pass through deals, etc. Constantly monitoring market conditions our AMM system can help us identify and flag offending accounts, giving us an opportunity to investigate, intervene and keep reasonable and controlled market conditions.
ONAM institutional quality Anti-Money Laundering (AML) system driven by machine learning technology, can help us mix check customer data through various international directories and watchlists. Our AML system can help us filtration system customer data, classify it based on the level of suspicion, flag potential illicit money laundering efforts before it's too past due and help us intervene when necessary.
To make sure full compliance, transparency and high-security requirements we've arranged for we, we are investing in Quarterly Third-Party Audits of our security protocols, structures, matching engine, order and code books.
- ONAM completely understands having fewer custodian Services wanted to Institutional traders on current exchanges and intends to resolve this problem by partnering with the marketplace head in institutional-grade cryptocurrency investment services provider-BitGom. Through our Collaboration with BitGo, we are able to supply the stringent guidelines, procedures, settings, and disclosures that are just guaranteed with a professional custodian. Institutional-grade plan handles, multi-signature 100% chilly storage space in bank-grade Course III vaults for over 75 cash and tokens. BitGo collaboration allows our institutional customers to securely store their money and help us help them stay compliant.
- All ONAM employees will proceed through rigorous criminal background checks and can receive conformity training prior to starting with the business to guarantee the security of the system, security of customer money, and get rid of the probability of potential bad stars being hired.
More Information & Resources:
ONAM Website
ONAM WhitePaper
ONAM Telegram
ONAM Reddit
ONAM Medium
ONAM LinkedIn
ONAM Instagram
ONAM Twitter
ONAM Instagram
ONAM Bitcointalk