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

It will be like paper trading at Onam exchange once MVP is available? That's why they decided to allow members with KYC compliance only?

Paper Trading is not a real trading. You experiment with "play money". And since there is no real money in the game, I would not understand the KYC.
But if we can do real trades on the MVP, then a KYC would be logical

Paper trading feature available on Onam?
Thats would be great. But the KYC process should be scrapped out. I dont see a need for that. Its just a way to learn to trade, and it would help noobs to learn and maybe sometime actually trade.

Lol, the exchange has always posed itself as one that is compliant with the law, this alone should warrant for KYC, besides it is only inevitable that exchanges ask for KYC. Paper trade is only a feature on the exchange which you can decide to use or not and I see no reason why it should affect KYC.

Anyone checked with Onam team at their telegram channel if KYC is really required for MVP testing? MVP is not real trading at exchange so KYC might not required.

I have asked earlier and one of the admins told it is required? maybe he misunderstood my question. If the MVP is not actually trading then I guess that KYC shouldn't me mandated.

I asked that as well! But admin confirmed we will need to do KYC before using the MVP.
Don't know the reason behind this!

Even though its MVP, we need to do KYC eventually later if not now. So there is no harm in doing it now.
Besides, we can see it as utilizing this time for KYC before actual go live.