Implemented project
Increased revenue by 28% by integrating a decentralised SaaS solution
The client's name, company and project name are not disclosed
In September 2022, a request came to us to create a flexible and secure wallet. The company already had its own exchange service and needed to integrate new technology to stand out from the competition.
SMART objective
To increase our existing company's revenue by at least 25% by integrating a decentralised wallet with source code within 3 months.
How did we do it?
We had 3 meetings with the customer before signing a mutual cooperation agreement. We identified the requirements, discussed a quotation 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. The first step is needed to initiate the project. Our team managed it in 2 weeks.
After this stage comes the following:
- Software creation and finalization (1.5 months)
- Deployment (2 months)
- Maintenance (to date)
Result of Development
A cryptocurrency wallet software was created, which can be installed as an extension for Firefox, Chrome and Brave browsers. It supports the top 50 blockchains and stores keys. This wallet also allows users to interact with the dApp.
The functionality uses hierarchical deterministic settings, ensuring a simple procedure to recover access to a lost account. A user can safely recover a lost account by entering mnemonic phrases in the correct order. The solution is open-source, enabling continuous improvement. Another distinguishing feature of this wallet is the built-in coin purchase feature. It connects to two exchanges - Gemini, Kukoin, Gate.io, Bithumb, etc.; through which users can trade tokens.
Konomic.com's solution also has encryption for secret key access passwords, which are stored in the user's browser rather than on a remote server.
Bottom line
35 000$
Development cost excluding legal support and business consulting
300 000$
Source code
154 000$
Marketing
Unit Economic Indicators
EBITDA
Earnings Before Interest, Taxes, Depreciation and Amortization
Increased by 47% after 3 months compared to previous figures, thanks to fees for transfers and exchanges within the cryptocurrency wallet
ARPU
Average Revenue Per User
Increased by 75%, which means that average revenue per user on the platform increased by 75% due to the stimulation of user activity through seamless payments and transfers functionality within the cryptocurrency wallet
TPD
Transactions Per Day
The number of transactions per day increased by 4.1 times due to the seamless payments and transfers functionality within the cryptocurrency wallet
ROI
Return on Investment
Return on investment in the cryptocurrency wallet module after 9 months was 39%, and the cost of just the technical implementation was able to pay off already in 6 months