Today, ICOs are not in a good situation. There are only few that we can talk about and invest. I came across with a solid project - ONAM Exchange. It is an exchange ico with a solid team and high quality product. Lets have a look at what it is.
What is ONAM Exchange?
“ONAM Exchange is an high-performance, regulatory compliant, trading platform that features robust risk-management, trade surveillance, advanced trading tools and state-of-the-art security system powered by machine learning.”
VISION
"ONAM introduces a fully compliant platform, committed to their mission — led by professionals that are ready to take crypto exchanges out of murky waters of non compliance and welcome mass adoption. By launching the ONAM exchange, the team wants to resolve the shortcomings and other issues our competitors are facing and create scalable, and transparent exchange that’s able to handle future mass adoption."
What is the problem?
- Hacking
Hacking is a major problem for all of the exchanges. Most exchanges suffered losses millions of dollars. In addition, experts predict even larger scale atacks, thefts and fraud as cryptocurrencies become more mainstream in the future.
- Scalibility
Most exchanges now running with the full capacity because of the growth of the crypto market.
- Market Manipulation
There are many pump and dump transactions in the market right now because of the lack of regulations. This is a big problem for instutitional investors to enter the market.
- Lackluster Customer Support
Customer support is one of the main concerns of the exchanges right now.
- Poor Market Liquidity
Most of time, there is a large gap between asks and bids thus market manipulation is easy.
- Lack of Regulatory Compliance
Because of the unstable market and lack of regulations, it becomes hard to gain individual trust.
What is the solution?
- Security
Aside from implementing industry standard DdoS mitigation, anti-phishing and 2FA solutions, ONAM Exchange developed “Advanced Threat Prevention, Intrusion Detection and Trade Surveillance” systems. All powered by machine learning along with encrypted databases to secure the platform.
- Scalibility
Many exchange macthing engines cannot handle more than one or two million transactions per second. ONAM’s platform easily outperforms them all. The engine is processing in the excess of 10 million transactions per second with latencies as low as 40 nanoseconds.
- Market Manipulation
With “Real-Time Market Surveillance, Supervision and Compliance system”, ONAM’s system anaylzes per-trade and post-trade data to identify suspicious trading activity.
- Customer Support
ONAM Exchange aims to offer 24/7/365 Live Chats in multi languages and commit to adressing the most common issues within the first 15 minutes of a support ticket being submitted
- Poor Market Liquidty
ONAM Exchange aims to attract large market-makers, volume traders and miners.
- Regulatory Compliance
ONAM has retained one of the top legal firms in the United States to handle all legal hurdles.
What are ONAM Platform Features?
- High Scaliblity
- Advance Order Types
- Margin Trading
- Margin Lending
- Composite Index Funds
- Paper Trading
- Modular UI
- Trade Assistant
- Auto-Trading
- Social Media and Market Sentiment Analysis Tool
- Market Scanning
- Advanced Charting
- Education for Trading
- News and Announcement Feed
- Immediate Notifications
- OTC Trading
- Multi-language UI
- Multi Language 24/7 LIVE Chat Support
- Institutional Traders
- Advanced and Custom APIs
- Affiliate Program
ONAM Exchange Preview
Tokenmetrics
The ONAM ICO will begin on October 1st with an end date set at December 1st or until all 195,000,000 tokens made available for the crowdsale are sold out, whichever comes first.
Soft Cap: $2,500,000
Hard Cap: $15,600,000
Token Utility
By employing ONAM tokens, users will be able to save up to 50% on trading fees, access market sentiment and BI analytics data, pay for trading bots, and much more.
ONAM will be buying ONAM tokens every quarter. It will continue until company has destroyed 50% and 150,000,000 million of total supply. This is an huge advantage for the token price.
Token Distribution
Crowdsale: 65% of total supply
Team: 20% (50% will be withdrawable after six months of full launch and the other %50 will be withdrawable after one year)
Reserve: 10%
Bounty, Advisors and Strategic Partners: %5
Roadmap
Q1 2018:
-Market Research
-Team Recruitmenet
-Roadmap
-Development Commencement
-OME Development
-Risk Engine Development
-Product Testing
Q2-Q3 2018:
-Regulatory Compliance
-Strategic Partnerships
-Product Concept Finalization
-Company Formation
-UI/UX Development
-Tokenomics
Q4 2018:
-Whitepaper Release
-Roadmap Release
-Crowdsale Announcement
-Community Building
-Third Party Smart Contract Audit
-Bounty
-MVP Release
-Private Sale
-Pre-sale
-Public Crowdsale
-Third Party Code Audit
-Third Party Security Audit
-Platform Beta Release
-Platform Stress Testing
-Asset Listing Registration Open
Q1 2019:
-Trading Pairs Announcement
-Full Platform Release
-IOS and Android Apps Release
-Trading Pairs Expansion
-Institutional Custody
Q2 2019
-Fiat Pairings
-ONAM Token Buyback
-Quarterly Third Party Security Audit
-Quarterly Third Party Order Book Audit
Team
https://onam.io/#team you can check the team from the link. I think, it looks like a solid team.
Advisors
https://onam.io/#team you can check advisors from the link. Solid advisors with financal background.
Conclusion
There are several things that I like about ONAM Exchange
-Solid team and advisors
-Good roadmap
-Good tokenmetrics, especially buy back and token burn system is something valuable
-MVP release in Q4
In conclusion, ONAM Exchange looks like a promising ICO. I believe, they can manage to do what they promise.
Website: https://onam.io/
Telegram: https://t.me/onam_exchange
Whitepaper: https://onam.io/whitepaper
Twitter - https://twitter.com/OfficialOnam
Instagram - https://www.instagram.com/onam.io/
Facebook - https://www.facebook.com/onam.official/
LinkedIn - https://www.linkedin.com/company/onam-ex/
Reddit - https://www.reddit.com/user/ONAM_Official
Bitcointalk ANN - https://bitcointalk.org/index.php?topic=5044081.0
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Perfect review. I really liked onam exchange ico.
Great and informative article as always! Thank you.