Implemented project
Created a platform run by you!
The client's name, company and project name are not disclosed
In April 2022, a request came to us to create a fully decentralised exchange similar to UniSwap.
The client has a successful investment fund with partners, which has been operating since 2012. The client lives in Switzerland, and decentralisation is gaining momentum in this country.
SMART objective
To expand the business by creating a new brand product in 6 months to follow the trends on the Gartner cycle.
How did we do it?
We held 3 video meetings with the customer before signing the cooperation agreement. We identified the requirements, discussed the commercial proposal and a preliminary estimate.
Then Konomic.com team started developing the necessary project documentation: Roadmap, PID, Product/System Requirements, (SRS), Architectural Documentation, Development Plan, Release Notes, etc.
This first step is necessary to initiate the project. Our team managed this in 3 weeks, as the scope of the project is quite large.
A special feature of this project was that we also needed help with legal support and marketing. Konomic.com has been working together since 2007 with Maria Agranovskaya and Vadim Kolosov, who are ranked by Chambers 2021 and Best Lawyers 2021, so this was no problem for our team.
Together with our partners, we obtained a cryptolicence right in Switzerland for the convenience of our clients. Along with Estonia, Switzerland is one of the most popular countries in the world for cryptocurrency licensing. It openly encourages the development of blockchain technology and strives to create an optimal environment for continuous innovation.
This stage is followed by the following:
- Software creation and refinement (3 months)
- Commissioning (1 month)
- Maintenance (up to now)
Result of Development
The platform has no single management body, works on a P2P basis, requires no registration and does not hold user funds.
The programmers used innovative liquidity pools to create the assets required for the swap. Users can add ETH / DAI coins to the pairs, for example. In turn, users receive a small percentage when they use resources from this pool. Pricing is determined by how much of the asset remains in the liquidity pool.
Also, our team has tried to make the interface unique.
You can quickly link the exchange to your MetaMask/TrustWallet and change tokens.
The main goal of the project is that users like you will manage the exchange. This means that users will help the future of the exchange if they put any of the tokens at stake.
Bottom line
125 000$
Development costs including legal and business consulting
37 000$
Marketing
The service generates $52,000 a month in revenue for the parent company from trading commissions, lotteries and staking. The application is currently used by more than 470,000 people.
Unit Economic Indicators
TTV
Total Trading Volume
The average daily trading volume on the exchange is $3,100,000
Active Users
The number of active users
527 thousand people
Transaction Fees
$59,000 per month