Implemented project
A convenient SaaS solution for financial technology businesses
The client's name, company and project name are not disclosed
In February 2023 we were asked to create a flexible and fast p2p service. The client already had their own Telegram exchange service, but it was time to expand and our expertise came to the rescue.
SMART objective
Provision of a fully functioning p2p service and legalisation in Switzerland within 3 months of signing the contract.
How did we do it?
Before signing the contract, we had 5 meetings with the client. We identified the requirements, discussed the commercial proposal and a preliminary estimate.
Then Konomic.com team started to develop the necessary project documentation: Roadmap, PID, Product/System Requirements, (SRS), Architectural documentation, Development plan, Release Notes, etc.
The first step is necessary to initiate the project. Our team managed this in 2 weeks.
This step is followed by the next ones:
- Software creation and finalization (1.5 months)
- Deployment (2 months)
- Maintenance (until now)
Result of Development
A P2P service with fiat and crypto transactions and multiple arbitrators is a platform for exchanging different types of currencies. It allows users to buy and sell cryptocurrency and fiat money from each other, without intermediaries.
On this platform, users can choose from several available arbitrators who will resolve disputes between the parties during transactions.
The service ensures the security and reliability of transactions through the use of multi-factor authentication and encryption tools.
Users can create advertisements to buy or sell cryptocurrency or fiat money, as well as view offers from other users.
The platform also provides functionality to track users' transaction history and balances.
Bottom line
50 000$
Development cost excluding legal support and business consulting
74 000$
Marketing
Unit Economic Indicators
EBITDA
Earnings Before Interest, Taxes, Depreciation and Amortization
Шncreased by 36% after 3 months compared to previous figures, thanks to transfer and exchange fees within the cryptocurrency wallet
ARPU
Average Revenue Per User
Increased by 64%, which means that the average revenue per platform user increased by 64% due to the stimulation of user activity through seamless payments and transfers within the cryptocurrency wallet
TPD
Transactions Per Day
The number of transactions per day has increased by 3.7 times due to the seamless payments and transfers functionality within the cryptocurrency wallet
ROI
Return on Investment
The return on investment of the cryptocurrency wallet module after 10 months was 38%, and the costs of the technical implementation alone were able to pay off after only 6 months.