Post
Topic
Board Announcements (Altcoins)
Re: ⭐[ANN] [ICO] ONAM Exchange - Globalizing Seamless Trading Under One Platform⭐
by
Owillz
on 22/11/2018, 05:36:36 UTC

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?
That’s would be great. But the KYC process should be scrapped out. I don’t see a need for that. It’s 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 doubt that. Why will someone need to verify a dummy account? It's not really and asking for users to give up their details for test your MVP doesn't look like a successful path to thread in my opinion
L.