Low-Budget NFT Marketplace App Development
Under NDA
$ 20000
in development grants received with our help
4 person
development and support team
3 months
for product development
12 months
of security issue updates
Project Overview
Industry: DeFi / Blockchain / Crypto
Client Location:
Australia
Solution:
DEX aggregator wallet for cryptocurrencies and DeFi, which incorporates smart contracts and Smart Order Routing
Pain points / challenge:
Creating a wallet for cryptocurrencies and DeFi on a low budget, attracting grant funds, adding atomic multi-token input swaps, and creating unique Smart Order Routing
Services used:
Business Challenge
Developing a top-notch DeFi and cryptocurrency exchange platform
On a tight budget presents the primary challenge for our company in this case study. Here are the main challenges and pain points the OmiSoft team faced working on the project under NDA.
Low budget development
The customer had a limited budget, yet creating a DeFi crypto wallet calls for a lot of resources. This means that to produce a high-quality cross-chain arbitrage platform, we had to identify effective strategies to budget money for infrastructure, development, and continuing maintenance.
Attracting grant money
Applying for grants is difficult and competitive. That’s why we faced a new level of difficulty—finding appropriate grant possibilities, creating persuasive submissions, and forming partnerships are difficult tasks to raise the project’s required funds for blockchain solutions.
Technical implementation
The OmiSoft team decided to build the wallet on an already-existing solution, trustwallet.com, to maximize the use of funds for decentralized trading app development. Though it might seem easy, technical difficulties occur while integrating and modifying an existing system. We needed to preserve the solution’s functionality and security while effortlessly integrating it. At the same time, we needed to make sure it was compatible and customize it to match the project’s unique requirements, like cross-domain arbitrage tracker development, adding atomic multi-token swap, Smart Order Routing, and smart contract solutions.
Solution
In the beginning
OmiSoft successfully overcame the difficulty of developing the multiple tokens swap platform on a tight budget. This is how we did it.
Raising Funds
Through a clever grant approach, the project received grant money totaling over $20,000. This financial assistance provided the required resources to develop Web3 platform.
Our DeFi solution
We created the app based on our existing solution, trustwallet.com. This ensured consistent security upgrades while saving time and money. It got an easy-to-use interface for interacting with Ethereum tokens, enabling users to handle their digital financial assets on their own. To improve ease and trade execution, we set up a web client and admin panel, as well as implemented cutting-edge technologies, including atomic multi-token input swaps, Smart Order Routing, and mechanisms for the rewarding user activity.
Tech Stack used
OkHttp
Rxjava
Glide
Workers
Hilt
Charts
Firebase
Kingfisher
SWIFT
PromiseKit
Java
Business Results
The token swap platform aims to dominate the NFT sector, positioning itself as a serious competitor. We provided a solution with smooth access for on-the-go users with user-friendly mobile DeFi solutions created for both platforms.
A smart marketing strategy tries to increase awareness and draw in a large user base while launch preparations are underway. To support its growth and innovation, the project under NDA regularly looks for grants and funding. Getting more funding will help to improve platform features and strengthen its position as an industry leader as the Web3 platform revolutionizes the NFT market by providing a vibrant ecosystem for digital asset enthusiasts.
