Crowdfunding Platform For a Fintech Startup
How building a crowdfunding platform with Ethereum blockchain at its core allowed a fintech company to shorten the quarterly profit processing from two days to five minutes and grow their user base by 34%.
Challenge
Within the rapid project’s development the significant growth of the user’s database took place and Caviar faced the following issue:
Long-term processing: quarter profit sending process took several days to process;
Lack of visibility: Caviar was in need for a tool to show the growth of capitalization;
Record system absence: Caviar tokenholders had no established system for tracking their income and remaining up to date with Caviar.io news.
Solution
On project estimation stage *instinctools team discussed with the customer all aspects of the future application, technologies to use and best ways for the application implementation.
To show the growth of capitalization it was decided to implement the functionality to build the portfolio allocation tool which will show funds invested to:
- Real estate;
- Early stage (ICOs);
- Assets in cash;
- Assets in other cryptos.
Key features
The needed data was collected, requirements were listed carefully and our developers started working. In the period of 6 person – months we represented to the customer a well-built solution with the following key features:
- 2 factor authentication as an option;
- KYC (Know Your Customer) provider integration.
- Payment should be confirmed with 2 persons from Caviar;
- Profits are paid in Ethereum.
- Manual Entry of Real Estate, Early Stage and Cash Assets;
- Automatic sync with cryptoexchanges Bitmex, Kraken, Bittrex, etc;
- Real-time exchange rates powered by CryptoCompare.