The plans of Covalent for the making of a new Internet sound really ambitious. I guess the project is really one for the long-term. It would be great when they could provide us a roadmap with important milestones and when they expect to reach them
Exactly! I wish they keep the development ongoing rather then stoping after the release of their product! I have seen many ambitious project doing that! What do you mean exactly? They won't stop the development after their product is released. The thing is, when is the release and what are they planning to do after that. |
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I was wondering if we will be able to Trade ONAM TOKENS in other exchanges as well or just in the ONAM Exchange?
And listing will require ONAM token as fees or something ?
they haven't disclosed that either, they promised some announcement on that pretty soon! plus i dont really think they'll list ONAM in other exchanged although it would've been really great! I would imagine that they won't focus that much on listing their tokens on other exchanges. That costs both time and money. Nevertheless, they will probably appear on a DEX like IDEX or forkdelta. Probably like you said, but I really like the Idea of it not listed on other exchanges. Being different from what every other person expects is beautiful. Also, I think the token will be used as payment too. Well, I don't mind if the tokens are only listed on ONAM and nowhere else. The tokens are indeed meant to be used as payment on the Onam exchange. You can use to buy access to the AI trade assistant for example so it makes sense if you get them from there. |
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The plans of Covalent for the making of a new Internet sound really ambitious. I guess the project is really one for the long-term. It would be great when they could provide us a roadmap with important milestones and when they expect to reach them
from the look of things, the team are working tirelessly to make sure they achieve their goals but i would advise them to consider releasing a whitepaper as soon as possible No doubt that they are working hard. What I mean is that it would be great to know what are they are working on exactly at the moment. And when do they plan to finish a certain milestone. |
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Does anyone know what's going on with the Exchange? when I click on the drop down menu at Markets, the fields at BTC, ETH and USDT are empty. Has trading been temporarily suspended, or is it possible to trade only ETH / BTC at the moment?
I don't know, I haven't tried trading but I have no problems accessing the exchange. Could it be that the problem is on your side? Or did others have the same problem? |
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this project looks solid. the team, the marketing strategy and promotions and features of the exchange. they all look unique and could be revolutionary. however, they would do well and meet up with the community expectations if the deliver as they propose to. They are following the roadmap they set and they have an MVP to be out soon, lets see what they offer.
True. I agree with you about this project. Especially their AI based smart risk management is very attractive for any traders in particular. Also they are approaching softcap very soon. I hope that they can reach the softcap soon. Unfortunately, the "crash" yesterday when the crypto market showed deep reds, probably have caused ONAM to veer away a bit from reaching it. |
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The plans of Covalent for the making of a new Internet sound really ambitious. I guess the project is really one for the long-term. It would be great when they could provide us a roadmap with important milestones and when they expect to reach them
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I was wondering if we will be able to Trade ONAM TOKENS in other exchanges as well or just in the ONAM Exchange?
And listing will require ONAM token as fees or something ?
they haven't disclosed that either, they promised some announcement on that pretty soon! plus i dont really think they'll list ONAM in other exchanged although it would've been really great! I would imagine that they won't focus that much on listing their tokens on other exchanges. That costs both time and money. Nevertheless, they will probably appear on a DEX like IDEX or forkdelta. |
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Do you think the current leadership score is kind of manipulated? Cos I really don't think so, I think it may have started sometime ago I mean the sweepstake program maybe someone from the team can address this I do not think it's manipulated. but it is often the case that in such competitions some participants have extremely many points, while others only get a few hundred points. Apparently, there are always legal tricks to maximize the yield. I'm only seemingly too stupid to discover these tricks :-) I guess, you also get points for trading on the exchange, right? This way someone who trades a lot / daytraders and with a huge trading volume have the best chances to be on top of the leaderboard. |
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What I like about this project is the quality of the team, I just hope that the advisors are indeed their advisors and the fact that they have their Testnet on is a plus to them, this has been one of the thing we have been saying in the space, that developers need to show they have the capacity to develop what they promised instead of saying invest in us and we will develop
I agree with you. Is there a way to check advisors by some means and verify it? I personally dont have any doubts at this moment. Its just for my knowledge.. Usually, I check the Linkedin pages of the team members of a project. But I like it the most when the team shows up on conferences and blockchain meetings, in public AMAs etc. It's just better to have real faces connected to the team member than just online profiles. |
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Other exchanges have a voting from time to time, where the community gets to vote which coin or token should be listed next. Does anyone know if ONAM has similar plans to do such votings?
I agree with you. I guess team should be ask suggestions/voting about coins listing on their exchange. But didn't hear that yet. Onam team should be think about it. No they have actually mentioned it. It is something they will consider but it is too soon to consider at the moment. Plus I think they need to have a functional exchange to initiate such an idea. Its something that can be done at any during the project. But let's see how they can develop the project first. Its one step at a time and they can have their own method of listing. One of the team answered me this question on Telegram. It seems it's not that easy to let the community vote because their legal team has to check at first if they can list a specific coin/token. So they'll probably have a list of approved coins/tokens from which the community can decide which one to list next in a vote. that's a good thing if the community can only pick from a few tokens. Imagine, the entire CMC list would be up for choice, that would perhaps be a mess :-) A selection of 5 tokens in the quarter I think makes sense Especially when you consider that there are so many legal things an exchange has to consider before listing a token/coin when they want to be fully compliant to SEC rules. |
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interesting project. I got acquainted with white paper and saw that it really is worth our attention. I will follow this project.
Do they have a whitepaper by now? I can only find what's on their Github page. They should maybe think about writing a whitepaper and adding it to their website. |
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Other exchanges have a voting from time to time, where the community gets to vote which coin or token should be listed next. Does anyone know if ONAM has similar plans to do such votings?
I agree with you. I guess team should be ask suggestions/voting about coins listing on their exchange. But didn't hear that yet. Onam team should be think about it. No they have actually mentioned it. It is something they will consider but it is too soon to consider at the moment. Plus I think they need to have a functional exchange to initiate such an idea. Its something that can be done at any during the project. But let's see how they can develop the project first. Its one step at a time and they can have their own method of listing. One of the team answered me this question on Telegram. It seems it's not that easy to let the community vote because their legal team has to check at first if they can list a specific coin/token. So they'll probably have a list of approved coins/tokens from which the community can decide which one to list next in a vote. |
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I've just signed up to Bitmax to take part in the sweepstakes program. What a great idea and a nice incentive to encourage more users to sign up and deposit funds. I'm going to try and get the required 100 points so I can redeem and play!
Me too it doesn’t seem to be too hard to get up to 100 points it’s some huge rewards so definitly worth giving it a try as the rewards are pretty darn amazing Wow, we need to deposit some fund there to take a part in sweepstakes program? Because I just signed up there and I can see now "Sweepstakes 2nd round" but I didn't found exactly how to do that. Could you let me know that exact procedure of this? they have plenty of other option to earn reward and doing KYC and Depositing worth 0.5ETH is just one of the other option. however you can earn plenty of sweep points just by depositing some funds, trading and making some profits and some for having some funds after the end of the day! But it is that the more you trade and the more points you earn, the bigger your chances are to win the grand price of 10 BTC, right? |
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Only 6 days left until the end of pre-sales. I'm curious if they extend again. Progress bar still shows no change. Maybe they will update only at the end of the pre-sale.
I don't think they have to extend it. It's still the pre-sale and even if they won't fully reach their softcap, there is still enough time to raise the remaining funds during the main sale. |
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I just checked the Twitter account of Cova ( https://twitter.com/covatoken). Seems like they are not that active on Social media. They should step up a bit once they know when they will have their token sale. Yeah, but for now, they should push forward the development of the testnet. This is the priority for Cova at the moment. If the testnet is ready for public and the ICO is started, they can do some marketing campaigns. yes right, the team should focus on testnet. so they can convince investors to buy their tokens when ico starts. but don't forget about social media, the team should still be active in providing the latest updates there so investors know about the latest developments in the project. I agree with you. The testnet should be the top priority. But maybe they could give us some updates on the progress of their testnet on Twitter. |
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I just checked the Twitter account of Cova ( https://twitter.com/covatoken). Seems like they are not that active on Social media. They should step up a bit once they know when they will have their token sale. |
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Other exchanges have a voting from time to time, where the community gets to vote which coin or token should be listed next. Does anyone know if ONAM has similar plans to do such votings?
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COVA project is great no doubt. The concept of a safe internet is unique and we can see that it’s use by everyone on the internet would be overwhelming once it’s launched.
It’s a bit on the technical side I must comment because it’s a new concept.
I am certainly not the only one anticipating your testnet release. That should give more idea of a smart internet.
I agree they really have a very great idea about changing ang making the internet smarter. This kind of project is really what most of the people looking for. They've got a brilliant idea but they've their work caught out for them given this is a new approach in the internet space they've to elaborate enough to ensure people understand what they're offering. This is so true, especially on the website more information has to be given because its the first place anyone seeking to know much about the project visits. The whole idea is grand but I believe they can really do better on the website They will probably have to polish their website a bit, yeah. Especially when they've decided to have a token sale. I know they have something like a whitepaper on their Github page but a detailed whitepaper on their website would be nice. |
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Onam is placing emphasis on advanced security, great customer support, usability and compliance, and by this the platform will definitely redefine the world of crypto under one platform.
technically they are giving priorities to those features on which most other exchange dont give a eye on! plus they are adding more features never seen in a crypto exchnage which is really a good way to bring more and more development into Crypto space! But this is definitely necessary. There are soo many exchanges out there. A new exchange has to come up with a wide range of features to be competitive or to stand out from the others. |
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My main concern is just adoption as with everything with crypto adoption always tends to be the achiles heel, the project as it stands seems to have so much of the technical aspect well planned out its going to be the corporate and social aspect that needs to really knock it out of the park and bring on companies and projects to implement the platform large scale
Yeah. That's what i have been thinking about. They might encounter a lot of problems when the time comes for them to take the project to the outside or public for real time usage. Well, the problem with adoption is something that all crypto projects share with each other. It just needs time and we investors have to be patient. I am sure we will see crypto adoption growing exponentially in the coming 5-10 years. |
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