Online ICO (Initial Coin Offering) Marketplace for crowd funding

The statement of work was to implement a responsive web & hybrid mobile application “ICO marketplace” on platforms- iOS & Android that look modern and trustful and offers solutions for a complete online Marketplace for crowd funding. To be framed using Blockchain network- Ethereum, the app should allow transactions through crypto currency- Ether & Bitcoin.

In discussion with customer, it has been observed that there is business requirement of an ICO marketplace- Responsive web and hybrid mobile app. The customer was particular about using Ethereum as Blockchain network. The crypto currency- Bitcoin or Ether were to be used for exchange of products and services purchased.

Following are identified as tasks of highest importance what users can do

• Users can pay online with a crypto currency payment gateway
• Integration of payment systems with built-in cryptocurrency wallets
• Adding transparency to operations
• Bitcoin and Ether should be accepted medium of value exchange & should be circulated for making transactions

Major challenges while developing the solution:

• Pre-defined solutions for start-up projects fundraising
• Ensuring safe login as well as secure and transparent online transactions
• Automated system for safe login & control frauds
• Built-in cryptocurrency wallets or integration with payment systems
• Performance and load management
• All transactions to be recorded and validated in a ledger

This application was developed as Initial Coin Offering platform and has plethora of features as a marketplace. The users can post a project for fund raising with their self-generated tokens and can expect investors to purchase these token with either crypto currency or fiat money. Once, the project started then they can convert these tokens into crypto currency in a defined proportionate manner. The tokens created were of ER – 20 standards. There would be two types of token created, which supposed to be distributed in community (Utility tokens) and real investors (Commercial tokens). The project owner can create campaigns on this platform for tokens sale. They can also create, manage and control events with smart ticketing solution. Two payment gateways for crypto currency and one for fiat money has been integrated. The wallet has been developed and integrated for secure user access to their tokens. The backend admin has the capability to control fraud, secondary ticket sale as well as an escrow agent to authenticate user’s KYC and successful genuine transactions etc. The marketplace also offers faucet and airdrop services as promotional activities. The developed smart contracts were complimented with automated unit tests. Following are the feature-rich solutions for our developed project:

• Wallet development and integration
• Crypto and fiat payment gateway integration
• Token generation (Utility and commercial)
• Smart Ticketing
• Events and campaigns management
• Faucet Services
• Airdrop services
• Crypto currency exchange integration
• Transactional reports, event and dispute management, pricing module management and basic CMS for backend admin