Post
Topic
Re: ⭐[ANN] [ICO] ONAM Exchange - Globalizing Seamless Trading Under One Platform⭐
by
ONAM_Official
on 10/10/2018, 14:22:50 UTC
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!

Nice. Very important question. Most of the hack or breach that occurred in exchanges where as a result from exploits or vulnerabilities in the trading bots. How will this be covered.

Since we offer bot/automated trading within our platform, you don't need to connect APIs of various bots. It would eliminate the vulnerability other exchanges exposed to.

Also, with the help of machine learning technologies, we will be able to detect any irregular activities and our Advanced Threat Prevention system will flag any potential problems in real-time, preventing breaches before it is too late. This makes ONAM the most secure trading platform in the foreseeable future.


What does "irregular actions" mean in a trading environment where the whole principle of trading is to perform actions that may seem illogical but result in maximum profit?) If on your trading platform all bots will do the same thing, then no one will make a profit, it is obvious. You cannot meet both of these conditions at the same time. Or delays in confirming the action will minimize the benefits of automation. You should focus your efforts on ensuring the security of cryptocurrency or money deposits/withdrawals, in this direction there is hope to become better than others.

That's actually a valid point.  ONAM Trade Assistant compiles unique user data including balance, portfolio and current open positions to create individualized comparisons to market data and signaling data. This unique information limits and even prevents the assistant from competing with other traders on our exchange who are simultaneously running the ONAM Trade Assistant