Orion Finance Exchange

[OrionFinance]

Like the trading competitions.

And I think that was perfect for them and the timing that they get to launch those promotions became effective. Because there are a lot of traders who joined it and the effectiveness of it, they're reaping it today.

 Trading competition it's interesting. Does it work like this: we offer some gifts to users who traded a lot?

[Akiko]

Like the trading competitions.

And I think that was perfect for them and the timing that they get to launch those promotions became effective. Because there are a lot of traders who joined it and the effectiveness of it, they're reaping it today.

 Trading competition it's interesting. Does it work like this: we offer some gifts to users who traded a lot?

highest trading volume will win. No idea about the rewards but hopefully you will give them btc or USDT so the rewards will be fixed.
And also make other highest volume trader's to win not only the first one. Top 3 or top 5 will be good to be rewarded

[OrionFinance]

THE QUOTE OF THE WEEK!

Today we decided to add another section to our content - vivid quotes from the leaders of the crypto world.



There has been a number of news about countries developing a national cryptocurrency. And this mainstream feels like every self-respecting country should have its crypt. It seems that governments are competing on this issue!

Recently, Vitalik Buterin criticized this idea, reported Cointelegraph:

“The main challenge with central bank and even corporate currency is the concentration of power, the concentration or data collection — that you become dependent on potentially central intermediaries that can exercise a very fine-grained degree of control over who has the ability to participate in these systems and who can’t.”

Clear and obvious things Vitalik said! The Orion Finance team supports Vitalik and expresses deep skepticism regarding national cryptocurrencies.

“We've been seeing many situations where even things that are perfectly legal just end up getting restricted because whoever runs the centralized chokepoints just wants to exclude some category of users and I think those are reasons why people will continue to be interested in fully decentralized digital currency”,  added the leader of the second cryptocurrency in the world.

It seems that governments are really afraid of the cryptocurrency era, since they are so active in desire to create a “substitute” for cryptocurrencies in the form of electronic fiat analogues. We are curiously watching what will happen and promise to keep you in touch!

Now, you can visit us and trade a bit with real crypto https://orion.finance/exchange!

[OrionFinance]

How are you guys?

Panic hits global markets amid threat of coronavirus and oil price slump, but Orion Exchange encourages you to relax and enjoy trading  




Join us! https://orion.finance/

[OrionFinance]

While Europe panics due to coronavirus epidemic, the Orion Finance team continues to introduce the cryptocurrency laws of European countries. Today we look into Austria



Austria considers cryptocurrencies as other (intangible) commodities. The Austrian Ministry of Finance (Bundesministerium der Finanzen, BMF) refers mining to “mining”, which is why, like any other activities in this area, mining of cryptocurrencies is subject to income tax. The same applies to the operation of online trading platforms and cryptocurrency ATMs. However, mining and cryptocurrency exchange transactions are exempt from VAT.

The Austrian National Bank (Oesterreichische Nationalbank, OeNB) does not qualify bitcoin as a currency, because it does not fulfil the typical functions of money due to a strict limitation on quantity and the lack of stabilizing central authority. As of now, Bitcoin is neither covered by the Electronic Money Act nor by the Payment Services Act.

At the same time, the management of OeNB expresses its clear concern about the “frozen” position of cryptocurrencies. So, Ewald Nowotny, the governor of the OeNB calls bitcoin “highly speculative investments which entail high risks for individuals.” He, therefore, welcomed the initiative of the Federal Minister of Finance, Hartwig Löger, to establish a Fintech Regulation Council to regulate cryptocurrencies. In addition, he voiced support for the amendment of the EU Money Laundering Directives, as well as the proposal of the Austrian Ministry of Finance to require prospectuses for ICOs and introduce licensing by the Financial Market Authority (FMA). Finally, he added that any regulatory initiative should be complemented by improving public financial education.

Such concerns are expected from centralized structures and, unfortunately, they hinder development of the cryptocurrency market. At the same time, the Orion Finance team supports Ewald Nowotny when it comes to development of people’s financial literacy. We hope that it will cover not only the risks, but also the benefits and advantages of using cryptocurrencies.

[OrionFinance]

The Inner World of Cryptocurrency Exchanges.
Payment Gateway



We continue telling about the mechanism of Orion Finance exchange. Right now, we invite you to examine the vital organ of a cryptocurrency exchange - the payment gateway.

In general, a payment gateway is a hardware-software complex that automates the payments charging. Practically, the operation of a payment gateway looks like this:

Making a transaction, the user gets to a wallet page with information with the wallet address ( or QR code). The address generated for each user is unique.
After the user transfers the funds, the Orion Finance system automatically scans the blockchain of currencies that were engaged in the operation.
When a confirmed transaction is detected, the funds are credited to the user’s balance and the transaction is recorded in his history.

The HTTPS protocol ensures the security of the Orion Finance payment gateway, as well as special encryption of user data.

Follow further publications about the structure of the Orion Finance exchange. We will reveal many interesting facts!

To find more news, visit our web-site https://orion.finance/

[OrionFinance]

The Orion Finance team continues to reveal the secret of the cryptocurrency exchange mechanism. Today we will devote a few words to hot and cold wallets.



A cryptocurrency wallet is a program that stores public and / or private keys and is necessary to track the ownership, receipt or expense of cryptocurrencies.

A cold wallet at Orion Finance is reliable storage with multi-level protection. It is used to save the main assets of the exchange and user funds. The cold wallet is not connected to the Network, therefore, if hackers attack, all funds will be saved.

The hot wallet on Orion Finance is used to deposit funds to the balance of traders, as well as to deposit and withdraw assets. A hot wallet stores a relatively small amount of funds needed for daily settlements.

The Orion Finance team always monitors the correct operation of software, including wallets, thereby guaranteeing a high level of security.

Welcome to our warm, cosy and reliable place:) https://orion.finance/