The last few days have been very good for the cryptocurrencies. This could help the Onam ICO, because if the market is more optimistic, then it is easier to find new investors. I think the softcap will be reached this week
Market signals shows there would be an increase soon. Best to get on ONAM Sales now. So people are coming into crypto that’s the reason for the increase. This time it’s coming from people using CryptoCurrency to do stuffs. My friend who stares at me blankly when I talk about crypto was able to get our delivery and understood how it all worked I hope this time the growth is sustained, this is the long waited adoption we are clamoring over here I've said it, if crypto will grow its going to be from the use cases not market speculation again How token sale is going on for Onam now? Did anyone noticed any change in tokens sale counter? Onam is doing good compare to others, let's see how much investment they get. There is no progress on the progress bar because they edit it manually. They sold more tokens, but some customers have to perform the KYC procedure. Do you know, when they updated it the last time? Are they doing it weekly/bi-weekly or how often do they update the counter? Who knows, maybe they are now even closer to reach their softcap. |
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Yeah. Explains a lot. 10Eth was just an illustration. There’s an unlimited betting opportunity on orbit rings. The more you bet the higher your chance of winning. But it’s capped at 75% of the ring.
I wonder if there are more gamblers in the world of cryptocurrencies. Because Orbit addresses exactly this clientele. Play more, win more. How to catch mice :-) I'm pretty sure there is demand for gambling on the blockchain. People love to gamble so I don't think crypto enthusiasts are an exception here. The only thing that bothers me a bit is that underaged people could become 'addicted' to gamble. Yea, you're right and they should perhaps seek out means to curtail such by adding an age restriction on their site, even though it may do little to nothing as no one can restrict certain age limit from using a site unless it will involve them providing the addition of KYC but it will show the public that do care about the users. Without KYC or something similar where you have to create an account and verify your age, there is no way how they can restrict underaged people from betting on their platform. |
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If someone needs more information, there is a very detailed mediumchannel with technical information and all bi-weekly updates https://medium.com/@covatokenBiweekly updates are quite nice. But I would strongly suggest weekly update to keep updated to the community regularly. 2 weeks is already long time in crypto field. They are still in the early stages of their project (well, they haven't even finalized the details for the token sale) so I guess as soon as the whole thing takes off, they will post their updates more frequently. |
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The last few days have been very good for the cryptocurrencies. This could help the Onam ICO, because if the market is more optimistic, then it is easier to find new investors. I think the softcap will be reached this week
I really hope the softcap will be reached soon and I am confident they can do it. It would be a shame when such a promising project doesn't reach its targets. I'm also very confident that they reach the softcap soon, or maybe they got it already. One of the Admins in Telegram told me that some buy-orders are not recorded in the progress bar because of the KYC procedure. If I am not mistaken and from what I understand from the admins they are constantly talking to investors. The market is on the verge of recovery so we could see some positives soon. I just had a talk with one of the admins in their Telegram group. He is very very confident that they will reach their softcap and said that they have a lot of large investors wanting to invest, but they'd much rather hit the softcap with the help of the community members. |
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If someone needs more information, there is a very detailed mediumchannel with technical information and all bi-weekly updates https://medium.com/@covatokenJust finished reading their bi-weekly update. I really like it when projects keep the community updated with posts like this. In my opinion this should be standard for every project. |
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Yeah. Explains a lot. 10Eth was just an illustration. There’s an unlimited betting opportunity on orbit rings. The more you bet the higher your chance of winning. But it’s capped at 75% of the ring.
I wonder if there are more gamblers in the world of cryptocurrencies. Because Orbit addresses exactly this clientele. Play more, win more. How to catch mice :-) I'm pretty sure there is demand for gambling on the blockchain. People love to gamble so I don't think crypto enthusiasts are an exception here. The only thing that bothers me a bit is that underaged people could become 'addicted' to gamble. |
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The last few days have been very good for the cryptocurrencies. This could help the Onam ICO, because if the market is more optimistic, then it is easier to find new investors. I think the softcap will be reached this week
I really hope the softcap will be reached soon and I am confident they can do it. It would be a shame when such a promising project doesn't reach its targets. |
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I did not see and find information about ICO or sales tokens in this thread and on their site. So are they only focused on product development?
No there is no active tokens sale at the moment. According to their Telegram group, they are finalizing details for the token sale and then will announce them later. Thanks for the information that the token sale hasn't started. I wasn't aware of that and I thought I have missed it. I guess the project is in a startup stage. They’ll update on ICO sales later. Best way to build a base before you startup sales. The team is experienced. Hopefully they start up sales soon. It could be wise to wait for the market to recover a bit before starting their sale so that we hopefully see more new people join crypto who are willing to invest in promising projects. |
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Now I have looked at the homepage so many times, but that Onam has so low fees, I notice only now. Only 0.05%, that's really low. Hopefully this is not just about winning customers in the beginning, but staying that low for longer
Yeah. Low fees. But i saw that their listing fee is high. I guess it is a method of attracting only the big boys to their exchanges. I would really like to know how high their listing fees actually are. Does anyone have a concrete number or a statement from one of the team? Or is it pure speculation that the fees for listing new tokens will be high? |
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I did not see and find information about ICO or sales tokens in this thread and on their site. So are they only focused on product development?
No there is no active tokens sale at the moment. According to their Telegram group, they are finalizing details for the token sale and then will announce them later. |
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What’s the update on Onam token sales?
When is the release of the MVP? Am confident that would have some effect on the sales.
When people will taste the future of trading they wont miss the chance to invest in it! And should've released in this week or next week maybe! I personally hope that it will be released next week and that it will certainly be released as soon as possible, but somehow we cannot do anything so it is better to keep abreast of the development of this project to make it clearer Well, we should be patient when waiting for the MVP. I am sure they are doing their best but it doesn't help when the release gets rushed and there are still bugs in it. |
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Thanks for the explanation, now I finally know how it works That's almost like being at the casino, and I like going to the casino:-) Yes, this article really helps to understand how gambling/betting with Orbit works. Is it correct, that joining a ring is comparable to buy a lottery ticket? The more often you buy into a ring, the higher your chances of winning are. |
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I think its nice when ICO's accept smaller investment for those kind of investors that are just looking to grab the "too the moon" explosive launches and don't worry as much to invest hundreds or thousands in a signle investment for longterm growth, no ones interested in stable slow growth it seems
It's understandable that people don't wanna put all their money in a single investment. It's always better to diversify. That's also the case for ICO investments. Most people just don't have hundreds or thousands to invest. |
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On website I seen that MVP launching in November 2018, anybody have idea about that exactly when that available?
I don't know the exact date presently, but I have heard this from two source so that means it's most likely going to happen and I believe the team will let us in on the date and other details when it's time. On November 1st someone posted here in the thread that the MVP will be released in two weeks. So we will probably get it mid-November if everything works as planned. In preparation for the MVP they might have the necessary KYC be done a few days before the MVP release, so the testing phase can be a bit smoother. |
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Gambling is as old as man. Really, many people have lost a fortune and still more have made a fortune from gambling. It keeps revolving. Now we got Blockchain coming into the lucky win game. There’s an opportunity for gambling on Blockchain, everyone in crypto is a risk taker. And wouldn’t mind placing a bet when the odds are good. I think Orbit would do well.
"everyone in crypto is a risk taker"This is very true, A lot of risks involved right now in the crypto and it feels like gamble everytime you want to invest no matter how trustworthy the project is or how reliable the team posed to be A great thing with Orbit (and gambling on the blockchain in general) is that you take away the middleman. No need for shady betting offices anymore when 2 people can bet directly against each other with the help of an immutable smart contract. |
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I was checking Onam's telegram channel and I come to know that they will also provide paper trading option. which means people who are new to crypto trading will be able to do practice before starting actual trading.
What is the exact meaning of paper trading? I don't get it. Why we have to go back in time when the whole present and future is moving forward to digital? As far as I know, paper trading is like a trial account. You can train how to trade without risking money. A nice feature for beginners. Yes, paper trading is like a demo where new traders can learn how trading works with some kind of virtual money. So even if their trading doesn't pay off it's no big deal since they haven't put in real money for the trading. All in all a really nice feature of ONAM that potentially can help to introduce more people to crypto (trading). |
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Some other exchanges are offering trading competitions where you can win some nice prices just by trading. Does anyone know if ONAM plans to host similar events?
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Only 7 days to go. Who of you has already registered?
I'll be there and I'll take a look. At the moment, the crypto market is so boring, it makes such a fun project even joy
Yeah actually market seems really dull at this moment and trading is really ruining life with continues to make profit hard and harder! At this stage trying to taste luck with Gambling seems promising! Yeah, it's been a tough year. I don't feel particularly bullish at the moment about the markets. However, it is still nice to see new projects being developed even during this bear phase. It's a testament to blockchain technology because there are obviously people out there that aren't bothered about the price and they just want to use the tech which is good news for adoption. Looks like everyone lost confidence in Cryptomarket now. No one is talking about bull market, ETH going to 1000 or so. Well, a bull market won't happen just overnight. I hope we will see better times next year but it takes time to see some steady growth and new money coming into the market. |
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The ONAM MVP will be released in two weeks time, I'm really looking forward to seeing the exchanges UI and matching engine capabilities. However, I am even more excited about the public beta which I believe is planned for January. This is going to contain all of ONAM's core features and AMM tools. I for one think the trade assistant is going to be a game changer for crypto exchanges.
My excitement is growing as the day goes by. I want to know if the team is really all about action or just mere talks, I can't wait for the MVP and the Beta release is even better.  Now a days every coin is releasing their MVP before the ICO only but why these people are taking so long to release the MVP. People are waiting the ICO to complete and how long they are going to take in order to release our tokens? I wouldn't say that every project (coin) is releasing their MVP before the ICO. Not at all. There are a lot of project with no real MVP at all. And in fact, if ONAM releases its MVP in 2 weeks, it's still released before the ICO. We are currently in the pre-sale period. And to your other question: The tokens will probably be released once the main ICO sale is over and once you passed the AML and KYC verification process. Is the kyc/aml verification applied to bounty guys as well.. I know a lot of people will be needing the answer to this question Really good question. I guess the bounty campaign is managed by bounty0x, right? I am not familiar with bounty0x so I don't know how they handle KYC and if it is mandatory. According to the website projects can 'activate KYC and Verify the identity of all Bounty participants with Civic or Onfido'. Don't know if ONAM decided to use this feature. |
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