Road Town, Virgin Islands, British, October 08, 2018 --(PR.com
)-- Innovative and exciting, digital asset markets pushed towards a one trillion-dollar market cap in early 2018. With the growth of this cutting-edge and thrilling technology space, it has attracted the influx of new users. A sudden big rise of industry participants caught most exchanges off guard and truth be told it is still at the very early stages of mass adoption and there will be greater milestones and challenges to come.
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. As Co-founder and CEO, Alex Jumaev, put it, "We are the user base and the backbone of this exciting new industry. By launching the ONAM exchange, we want 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."
ONAM's collection of advanced tools and features will help boost the individual experience of the novice and seasoned traders. Traders will have access to platform tools that leverage innovative technology through automated trading bots and algorithms, a customizable multilingual modular interface, risk management and robust technical analysis tools.
"Security is our priority in everything we do - make it secure, fair and fast - That's what inspired me to join ONAM project," Vladimir Nadygin, CTO, explained. It's not just an impressive toolset that could help platform users. Platform features, an exceedingly powerful trade matching engine that can process over ten million transactions per second and is further scalable.
"The cybersecurity challenge never ends. Even as we secure certain attack vectors, cybercriminals find new means of entry. Without continuous monitoring and real-time visibility, threats are often detected too late and the damage can be costly. Taking into consideration how security breaches affect market sentiment, we have made security our priority, and our developers have taken this security first attitude in building our platform." Vladimir continued.
ONAM also introduces a utility token, ONAM, further improving the platform experience. ONAM token allows customers to utilize additional tools, advanced platform features, resources and receive 50% discount on trade fees.
"Becoming fully compliant is important to our mission, transparency and mass adoption. I think it's our responsibility as leaders and developers in this industry," said ONAM CFO Otto Inagamov. "Without regulation, if consumers aren't shielded, mass adoption might not be possible," he added. Considering the current harsh regulatory environment, this platform might be history in the making. "We are committed to creating a platform that is fully compliant, secure that will serve in the best interest of the crypto community," continues Alex.
"Through our partnership with BitGo, we will be able to provide the strict policies, procedures, controls, and disclosures that are only guaranteed with a qualified custodian. Institutional-grade policy controls, multi-signature 100% cold storage in bank-grade Class III vaults for over 85 coins and tokens will help ONAM become a force not to be reckoned with. BitGo Partnership will allow our institutional customers to safely store their funds and help us help them stay compliant," added Otto.
ONAM is taking steps to become fully compliant and working with regulatory bodies on its plans to obtain a Broker-Dealer license, money transmitter license and register as an Alternative Trading System with the SEC. ONAM tokens will be available on October 16th to International investors through a Reg S exemption and already available to Accredited US Investors through a Reg D exemption.
"By placing an emphasis on adhering to compliance, security, and usability ONAM is ushering in a new era of standardization in digital asset trading," concludes Alex.
Directing their efforts on becoming fully compliant, might be a significant advantage over their competitors.
To learn more about the ONAM Crowdsale or read more on ONAM platform check out their website: https://onam.io/