In the continued fashion of successfully delivering Blockchain projects for D-Apps in Gaming and Cryptocurrency Exchange, this time we have delivered Initial Coin Offering web and mobile Marketplace to attract investors via crowdfunding mechanism for startups.
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 crowdfunding. To be framed using the Blockchain network- Ethereum, the app should allow transactions through cryptocurrency- Ether & Bitcoin.
In discussion with the customers, it has been observed that there is a business requirement of an ICO marketplace- Responsive web and hybrid mobile app. The customer was particular about using Ethereum as a Blockchain network. The cryptocurrency- Bitcoin or Ether was to be used for the exchange of products and services purchased.
The following are identified as tasks of the highest importance that users can do
Major challenges while developing the solution:
This application was developed as an Initial Coin Offering platform and has a plethora of features as a marketplace. The users can post a project for fundraising with their self-generated tokens and can expect investors to purchase these tokens with either cryptocurrency or fiat money. Once, the project started then they can convert these tokens into cryptocurrency in a defined proportionate manner. The tokens created were of ER – 20 standards. There would be two types of tokens created, which are supposed to be distributed in the 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 solutions. Two payment gateways for cryptocurrency and one for fiat money have been integrated. The wallet has been developed and integrated for secure user access to their tokens. The backend admin can control fraud, and secondary ticket sales as well as an escrow agent to authenticate users’ KYC and successful genuine transactions, etc. The marketplace also offers faucet and airdrop services as promotional activities. The developed smart contracts were complemented with automated unit tests. Following are the feature-rich solutions for our developed project:
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