Online ICO Marketplace for crowdfunding
It is a platform that works as a crowdfunding mechanism for the marketplace and helps investors to make substantial gains quickly. The application enables marketers to invest usually by means of cryptocurrencies like bitcoin and ethereum as a part of an ICO.
Country
United States of America
Service
Blockchain & Cryptocurrency Solutions
Industry
FinTech / Crowdfunding
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About
The Project
We collaborated with the client to develop a web-responsive ICO marketplace enabling investors to participate in cryptocurrency-based crowdfunding using Bitcoin and Ether. From our perspective, the focus was on building a secure, transparent, and user-friendly platform with token generation, crypto payment gateways, and transactional tracking. From the client’s perspective, the marketplace empowers startups to raise funds efficiently while offering investors a seamless, innovative, and safe digital investment experience through utility and commercial tokens.
Process We Followed
After lining up salient details related to the project, our team outlined a course of action that would be followed to develop a comprehensive solution. The process comprised of identification of problems, considering the relevant factors of the solution, taking note of common challenges faced, technology stack to be used and coming up with the outcome in the end.
1. Problem Identification
We designed an ICO marketplace to help retail investors fund startups using Bitcoin and Ether, building secure token models, enabling multi-cryptocurrency transactions, and implementing a transparent, digital crowdfunding platform.
3. Solution Implementation
We conducted user research, a product discovery workshop, and competitive analysis to align the ICO marketplace with client goals, understand user needs, define key features, and ensure a secure, competitive, and market-ready investment platform.
2. Feasibility Study
We identified the need for a web-responsive ICO marketplace using Ethereum, enabling Bitcoin and Ether transactions. Our solution includes crypto payment gateways, secure wallets, transparent operations, and a seamless, investor-friendly platform.
4. Challenges Faced by QSS
While developing the ICO marketplace, we tackled challenges like creating a user-centric platform, enabling secure and transparent transactions, supporting startup fundraising, implementing automated fraud control, and maintaining a validated transaction ledger.
5. Final Outcome Achieved
We delivered a cross-platform ICO marketplace with crypto and fiat payment gateways, token generation, investment tracking, airdrop/faucet services, and comprehensive transaction management, providing a secure, transparent, and investor-friendly platform.
Problem Identification
Most investors want to make investments in such a way that they get sky-high returns. What could be better than opting for an advanced digital way to invest i.e. ICO based investment.ICO marketplace opens the door for retail investors who wish to invest in growing startups that allows transactions through cryptocurrency- Ether & Bitcoin.
- Building optimum models for cryptocurrency token
- Allowing multiple cryptocurrencies to transact through
- Implementing a crowdfunding mechanism through cryptocurrency
- Initiating digital and unique mode of investment
Feasibility Study
It was observed that there is a business requirement of an ICO marketplace that would be built in the form of a web responsive mobile application. The customer was particular about using Ethereum as a Blockchain network where the cryptocurrency- Bitcoin or Ether were to be used for the exchange of products and services purchased.
- Users can pay online with a cryptocurrency payment gateway
- To propose a crypto-based investment marketplace
- Building a wallet for a secured and seamless transaction
- Adding transparency to operations
- Promoting Ethereum crypto as a medium of value exchange
Solution Implementation
We began by defining a strategic roadmap for the ICO marketplace, focusing on understanding client goals, market opportunities, and technical requirements. This phase ensured a clear plan for building a secure, competitive, and user-centric investment platform.
User research
We conducted user research before starting the process of developing the solution because the user experience survey, done on a product or a service, is a great way to incorporate a successful project.
Product discovery workshop
Product discovery workshopWe kicked off the project with a Product Discovery Workshop. Discovery Workshop is our trusted format for problem-solving. Our cross-functional team spent the first day understanding the client’s vision of the product and the intent behind the application. We established the core values of the product and created User Personas.
Competitor Analysis
The financial services industry has grown rapidly over the years and this is why the investment market has gone way more competitive. Therefore, to understand our competitors’ market behavior, we carried out the interpretive analysis.
The Challenges
Building an app that lives up to the client's expectations is itself a huge task. The development phase also goes through various levels of designing out of which some appear challenging as well. Here at QSS, we faced below challenges while developing ICO app -
- Developing a user-oriented platform
- 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
- Recording all the transactions in a validated ledger
Final Outcome
After cataloging the challenges, we created a cross-platform web responsive mobility application keeping support and platform guide in mind. We also paid attention to crypto payment gateway integration in the developed solution.
- Integrate payment gateways for cryptocurrency as well as fiat money
- Potential investment and token sales for the investors
- To implement a marketplace that offers faucet and airdrop services
- Token generation (Utility and commercial)
- Transactional reports, event and dispute management
- Initiate open ICO based platform for every potential investor.
With QSS, the ICO marketplace achieved 60% faster token transactions and a 50% increase in investor participation, proving QSS delivers secure, high-performing, and results-driven blockchain solutions
Sample Interview Questions
React Native, AWS Ecosystem, Node.js, truffle, Ganache, MySQL Server, Ethereum, Reactjs, Web3.js, Solidity, BitMax, ERC-20.
- Developing a user-oriented platform
- 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
- Recording all the transactions in a validated ledger
It was observed that there is a business requirement of an ICO marketplace that would be built in the form of a web responsive mobile application. The customer was particular about using Ethereum as a Blockchain network where the cryptocurrency- Bitcoin or Ether were to be used for the exchange of products and services purchased.
The app will streamline the crowdfunding process by leveraging blockchain technology to ensure security, transparency, and efficiency. Key aspects include:
- Enabling decentralized fundraising through smart contracts
- Providing a secure and transparent platform for investors and startups
- Facilitating seamless transactions using cryptocurrency and fiat money
- Automating token distribution and investor rewards
- Enhancing accessibility for global investors with a user-friendly interface
- Offering real-time tracking of investments and project milestones
- Integrate payment gateways for cryptocurrency as well as fiat money
- Potential investment and token sales for the investors
- To implement a marketplace that offers faucet and airdrop services
- Token generation (Utility and commercial)
- Transactional reports, event and dispute management
- Initiate open ICO based platform for every potential investor
Coinbase, Unocoin, CoinDesk are some similar kinds of apps.
Technology Stack We Used
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