May 30, 2023
No image
Ongoing
Web 3.0 ecosystem development
$100,000+
7-12 months
United Arab Emirates
10+
Service categories
Service Lines
Blockchain
Domain focus
Technology
Programming language
Go
JavaScript
Python
Subcategories
Blockchain
Exchange
Smart Contract
Challenge
Business needs:
- Creating a full-fledged Layer 1 EVM-compatible blockchain, based on Proof-of-Stake protocol with internal applications on smart contracts for it, including backend and architecture from scratch;
- Creation of a successfully functioning web3 ecosystem, based on EVM-compatible Layer 1 blockchain with a decentralised exchange, blockchain bridge, native cryptocurrency asset and multiple functioning decentralised applications.
- Specialists in blockchain development, business analysis, DevOps and such programming languages as Solidity, Python, JavaScript, Go, Typescript, Rust
Business needs:
- Creating a full-fledged Layer 1 EVM-compatible blockchain, based on Proof-of-Stake protocol with internal applications on smart contracts for it, including backend and architecture from scratch;
- Creation of a successfully functioning web3 ecosystem, based on EVM-compatible Layer 1 blockchain with a decentralised exchange, blockchain bridge, native cryptocurrency asset and multiple functioning decentralised applications.
- Specialists in blockchain development, business analysis, DevOps and such programming languages as Solidity, Python, JavaScript, Go, Typescript, Rust
Solution
- Designing the block structure, including metadata such as the timestamp, block height, and the hash of the previous block.
- Writing Solidity smart contracts for implementing such features as token issuance, decentralized finance (DeFi) protocols, or governance mechanisms.
- Developing and successfully launching DEX using a combination of smart contracts and off-chain components.
- The bridge was developed using a combination of smart contracts and off-chain components such as oracles and relayers.
- Organizing the backend and blockchain ecosystem's internal architecture for scalability, security, and maintenance, involving node setup, API development, and monitoring systems.
- Designing the block structure, including metadata such as the timestamp, block height, and the hash of the previous block.
- Writing Solidity smart contracts for implementing such features as token issuance, decentralized finance (DeFi) protocols, or governance mechanisms.
- Developing and successfully launching DEX using a combination of smart contracts and off-chain components.
- The bridge was developed using a combination of smart contracts and off-chain components such as oracles and relayers.
- Organizing the backend and blockchain ecosystem's internal architecture for scalability, security, and maintenance, involving node setup, API development, and monitoring systems.
Results
Developed features
- Blockchain network based on Proof of Stake protocol, with a throughput of up to 2 500 transactions/second.
- Blockchain bridge that allows to send crypto-assets between different networks: ETH/Binance Smart Chain/Polygon/Fantom.
- Decentralized Exchange (Swap). DEX total visits ~25k/month, trading volume ~$100k/24h
- Staking system with multiple validators
- A farming system with multiple liquidity pools.
- Native network coin
- Blockchain Scanner (Explorer)
- Internal NFT staking products
Results:
- The total active users number reached 100 000 less than a year after launch.
- The ecosystem is in the Top 15 Web3.0 ecosystems by TVL according to Defillama, and its all-time high (ATH) total value locked (TVL) was over $358 million.
Developed features
- Blockchain network based on Proof of Stake protocol, with a throughput of up to 2 500 transactions/second.
- Blockchain bridge that allows to send crypto-assets between different networks: ETH/Binance Smart Chain/Polygon/Fantom.
- Decentralized Exchange (Swap). DEX total visits ~25k/month, trading volume ~$100k/24h
- Staking system with multiple validators
- A farming system with multiple liquidity pools.
- Native network coin
- Blockchain Scanner (Explorer)
- Internal NFT staking products
Results:
- The total active users number reached 100 000 less than a year after launch.
- The ecosystem is in the Top 15 Web3.0 ecosystems by TVL according to Defillama, and its all-time high (ATH) total value locked (TVL) was over $358 million.