⭐[ANN] [ICO] ONAM Exchange - Globalizing Seamless Trading Under One Platform⭐

[Kinkadeinspired]

What does the private sales bonus mean by TBD? Does that mean their negotiating it on a per investment case? I mean its a pretty substantial investment but was just wondering what kind of bonus those bigger investors are getting during this period? Just wondering

Hey phantam, yes most of the Private sale deals are being negotiated on case by case basis with longer lockup periods for bonus tokens received. But the average has been around 30% bonus for most investments. We are actually almost sold out of our Private sale currently. We are finalizing the paperwork with most of the investors this week.

This is quite interesting information. That could be the main reason for having only few days for private sales. How much have raised till now?

First time I am seeing such case where private sale bonus is TBD. I think based on the Investment amount this bonus is varying?

I am thinking the same too, for them to withhold that information it must be that the bonus will vary due to the various amount invested.

[Zombie259]

What does the private sales bonus mean by TBD? Does that mean their negotiating it on a per investment case? I mean its a pretty substantial investment but was just wondering what kind of bonus those bigger investors are getting during this period? Just wondering

Hey phantam, yes most of the Private sale deals are being negotiated on case by case basis with longer lockup periods for bonus tokens received. But the average has been around 30% bonus for most investments. We are actually almost sold out of our Private sale currently. We are finalizing the paperwork with most of the investors this week.

This is quite interesting information. That could be the main reason for having only few days for private sales. How much have raised till now?

First time I am seeing such case where private sale bonus is TBD. I think based on the Investment amount this bonus is varying?

I am thinking the same too, for them to withhold that information it must be that the bonus will vary due to the various amount invested.

I also think that the bonus diversify, depending on the amount of Onam you will buy. But unfortunately I cannot buy during the Private-Sale, 50 ETH is out of my range.

[cryptossi]

0.05% trading fees!? That is crazily low! There are so many other benefits to using ONAM over more popular existing exchanges such as Binance, KuCoin and Huobi. They also offer regulatory compliant trading surveillance and a trade assistant service that makes the overall experience for the customer/trader even better!

[cryptossi]

0.05% trading fees!? That is crazily low! There are so many other benefits to using ONAM over more popular existing exchanges such as Binance, KuCoin and Huobi. They also offer regulatory compliant trading surveillance and a trade assistant service that makes the overall experience for the customer/trader even better!

I know right thats basically lower than half of what other exchanges are dealing with it's such a way to combat the existing exchanges and pull in some of the bigger and higher frequency traders that every sliver of a percentage point hurts their return big time

Some crypto exchanges charge fees of 0.5% so this is a way cheaper option. Yes, when they get some of these whales trading on their platform they will then start attracting more and more traders on to their platform. It's going to be interesting to see how their business builds and expands.

[phantam]

0.05% trading fees!? That is crazily low! There are so many other benefits to using ONAM over more popular existing exchanges such as Binance, KuCoin and Huobi. They also offer regulatory compliant trading surveillance and a trade assistant service that makes the overall experience for the customer/trader even better!

I know right thats basically lower than half of what other exchanges are dealing with it's such a way to combat the existing exchanges and pull in some of the bigger and higher frequency traders that every sliver of a percentage point hurts their return big time

Some crypto exchanges charge fees of 0.5% so this is a way cheaper option. Yes, when they get some of these whales trading on their platform they will then start attracting more and more traders on to their platform. It's going to be interesting to see how their business builds and expands.

Ya it’s really important that we see a project put together some serious aspects that put them ahead of the existing groups or at minimum match the existing platforms to be worth while

[ibininja]

Hello team. I like your features of enterprise grade security, risk management, and advanced trading tools.
But with the growing, crypto market and tokenization of almost all firms, coupled with lots of persons using crypto currencies for transactions, how does onam team plan to keep platform running without crashing?

Hey there, we are proud of our ultra-high performance matching engine capable of processing in the excess of 10 million transactions per second with latencies as low as 40 nanoseconds. We accomplished this by utilizing GoLang programming language designed by Google which was specifically created for computationally intense server applications. The best part, our matching engine auto scales thanks to the AWS infrastructure that we will be utilizing. That will allow us to eliminate any sudden crashes or any  other issues related to overloading of the servers.

10 million transaction per second is very high capacity. But was there any test conducted to prove Onam system really can support such high session?

The 10 million does not necessary mean onchain transactions. It can be achieved if you are having a high node with high ram; so all processing could be done in memory; which I think is the mapping of orders withing the exchange. Keep in mind they are using AWS. There are massive machines in AWS with servers over 200GB of RAM.

[gee777]

0.05% trading fees!? That is crazily low! There are so many other benefits to using ONAM over more popular existing exchanges such as Binance, KuCoin and Huobi. They also offer regulatory compliant trading surveillance and a trade assistant service that makes the overall experience for the customer/trader even better!

I know right thats basically lower than half of what other exchanges are dealing with it's such a way to combat the existing exchanges and pull in some of the bigger and higher frequency traders that every sliver of a percentage point hurts their return big time

Some crypto exchanges charge fees of 0.5% so this is a way cheaper option. Yes, when they get some of these whales trading on their platform they will then start attracting more and more traders on to their platform. It's going to be interesting to see how their business builds and expands.

Wow. Thats a very low exchange fee. I hope that the low fee will not affect them badly because I know that's how most of this exchanges get maintenance fees for the exchange sites.

[nesh1]

0.05% trading fees!? That is crazily low! There are so many other benefits to using ONAM over more popular existing exchanges such as Binance, KuCoin and Huobi. They also offer regulatory compliant trading surveillance and a trade assistant service that makes the overall experience for the customer/trader even better!

I know right thats basically lower than half of what other exchanges are dealing with it's such a way to combat the existing exchanges and pull in some of the bigger and higher frequency traders that every sliver of a percentage point hurts their return big time

Some crypto exchanges charge fees of 0.5% so this is a way cheaper option. Yes, when they get some of these whales trading on their platform they will then start attracting more and more traders on to their platform. It's going to be interesting to see how their business builds and expands.

Wow. Thats a very low exchange fee. I hope that the low fee will not affect them badly because I know that's how most of this exchanges get maintenance fees for the exchange sites.

It will not affect them a lot if people start realizing that ONAM is a better exchange with lower fees then they would start using more and ONAM will get more fee from more users.

[Ace44]

Hello team. I like your features of enterprise grade security, risk management, and advanced trading tools.
But with the growing, crypto market and tokenization of almost all firms, coupled with lots of persons using crypto currencies for transactions, how does onam team plan to keep platform running without crashing?

Hey there, we are proud of our ultra-high performance matching engine capable of processing in the excess of 10 million transactions per second with latencies as low as 40 nanoseconds. We accomplished this by utilizing GoLang programming language designed by Google which was specifically created for computationally intense server applications. The best part, our matching engine auto scales thanks to the AWS infrastructure that we will be utilizing. That will allow us to eliminate any sudden crashes or any  other issues related to overloading of the servers.

10 million transaction per second is very high capacity. But was there any test conducted to prove Onam system really can support such high session?

Yea, that's some serious transaction speed they got their and it will attract a lot of users, just like you stated, proper test needs to be carried out to ascertain if they can handle the influx, maybe a beta test can be conducted prior to the alpha launch just to make sure that things are running smoothly but if they are pretty sure about such, then no problem

[nxnqauff]

0.05% trading fees!? That is crazily low! There are so many other benefits to using ONAM over more popular existing exchanges such as Binance, KuCoin and Huobi. They also offer regulatory compliant trading surveillance and a trade assistant service that makes the overall experience for the customer/trader even better!

I know right thats basically lower than half of what other exchanges are dealing with it's such a way to combat the existing exchanges and pull in some of the bigger and higher frequency traders that every sliver of a percentage point hurts their return big time

Some crypto exchanges charge fees of 0.5% so this is a way cheaper option. Yes, when they get some of these whales trading on their platform they will then start attracting more and more traders on to their platform. It's going to be interesting to see how their business builds and expands.

Wow. Thats a very low exchange fee. I hope that the low fee will not affect them badly because I know that's how most of this exchanges get maintenance fees for the exchange sites.

It will not affect them a lot if people start realizing that ONAM is a better exchange with lower fees then they would start using more and ONAM will get more fee from more users.

ONAM has so many nice features with regards to security and risks. But we need to also understand the low fees concept. There are some exchanges like cobinhood claims that almost to zero fees.

[Youjin]

Great project. Have few ideas on how to attract more investors to it.
sent me a message on telegram y0ujin

[Zombie259]

0.05% trading fees!? That is crazily low! There are so many other benefits to using ONAM over more popular existing exchanges such as Binance, KuCoin and Huobi. They also offer regulatory compliant trading surveillance and a trade assistant service that makes the overall experience for the customer/trader even better!

I know right thats basically lower than half of what other exchanges are dealing with it's such a way to combat the existing exchanges and pull in some of the bigger and higher frequency traders that every sliver of a percentage point hurts their return big time

Some crypto exchanges charge fees of 0.5% so this is a way cheaper option. Yes, when they get some of these whales trading on their platform they will then start attracting more and more traders on to their platform. It's going to be interesting to see how their business builds and expands.

Wow. Thats a very low exchange fee. I hope that the low fee will not affect them badly because I know that's how most of this exchanges get maintenance fees for the exchange sites.

It will not affect them a lot if people start realizing that ONAM is a better exchange with lower fees then they would start using more and ONAM will get more fee from more users.

ONAM has so many nice features with regards to security and risks. But we need to also understand the low fees concept. There are some exchanges like cobinhood claims that almost to zero fees.

ONAM has indeed some great features. I like the the buy-back and burn programm. They will burn some Tokens every quarter, like some other exchanges too. This is good for the value of each Onam Token.

[ethtrader16]

0.05% trading fees!? That is crazily low! There are so many other benefits to using ONAM over more popular existing exchanges such as Binance, KuCoin and Huobi. They also offer regulatory compliant trading surveillance and a trade assistant service that makes the overall experience for the customer/trader even better!

I know right thats basically lower than half of what other exchanges are dealing with it's such a way to combat the existing exchanges and pull in some of the bigger and higher frequency traders that every sliver of a percentage point hurts their return big time

Some crypto exchanges charge fees of 0.5% so this is a way cheaper option. Yes, when they get some of these whales trading on their platform they will then start attracting more and more traders on to their platform. It's going to be interesting to see how their business builds and expands.

Wow. Thats a very low exchange fee. I hope that the low fee will not affect them badly because I know that's how most of this exchanges get maintenance fees for the exchange sites.

It will not affect them a lot if people start realizing that ONAM is a better exchange with lower fees then they would start using more and ONAM will get more fee from more users.

ONAM has so many nice features with regards to security and risks. But we need to also understand the low fees concept. There are some exchanges like cobinhood claims that almost to zero fees.

ONAM has indeed some great features. I like the the buy-back and burn programm. They will burn some Tokens every quarter, like some other exchanges too. This is good for the value of each Onam Token.

That's great, if they are doing this things then it's really profitable for investors and organisations also.

[ctrades31]

Onam is allowing to trade with FIAT currency pairs also? I mean it's tradable to Crypto to Crypto or it will allow to the traders to Crypto to FIAT also?

[faulerwilli]

deleted because of scam

[em777]

Excellent, finally, a new exchange that will compete with the monopolizing exchanges that we currently have in the industry. 

yeah, i hope everything works out for them because cryptomarket needs every player it can get like you said monopoly is a very big issue that needs to be address in the cryto world

[AngelJoshua]

0.05% trading fees!? That is crazily low! There are so many other benefits to using ONAM over more popular existing exchanges such as Binance, KuCoin and Huobi. They also offer regulatory compliant trading surveillance and a trade assistant service that makes the overall experience for the customer/trader even better!

Yeah, The trading fee is really low unlike on other exchanges. I hope the withdrawal fee on their exchange will going to be good too because some exchanges now has high withdrawal fees.

[idoycodet]

It is the future of the technology in terms of security, ONAM exchange has develop their Advance Threat Prevention, Intrusion Detection and Trade Surveillance to ensure the safe of the exchange and clients fund. They will also continuously monitoring every transaction in the system.

[ibininja]

0.05% trading fees!? That is crazily low! There are so many other benefits to using ONAM over more popular existing exchanges such as Binance, KuCoin and Huobi. They also offer regulatory compliant trading surveillance and a trade assistant service that makes the overall experience for the customer/trader even better!

Yeah, The trading fee is really low unlike on other exchanges. I hope the withdrawal fee on their exchange will going to be good too because some exchanges now has high withdrawal fees.

Lol I've been trading for quite some time now in one of the popular exchanges just to hit 0.16% for offers and 0.26% for my take orders and I thought that was the lowest I would get. If this finishes successfully it would a real change

[CrypticBabe]

from your Whitepaper, I see you're gonna use lots of Automated Features and Bots to keep it ahead of others!
but do you think those coding can be secure enough to keep your exchange safe and secure?
we all know how Hackers finds Vulnerability in automated process!