Software Development CompanyDigital Transformation Services

Created A DeFi Application On Binance Smart Chain For A Crypto Investment Company

Expertise: Application Development
Verticals: Finance & Banking
Technologies: Node.jsMongoDBReact.JSBinance
Home > Portfolio > Created A DeFi Application On Binance Smart Chain For A Crypto Investment Company
Nurturing the aim of delivering financial freedom to everyone, the client envisions creating a future where personal finance will become more sustainable, lucrative, and fairer than ever. To turn its vision into a concrete reality, the client has come up with a DeFi application that functions as a market-leading BNB reward token. This blockchain-powered DeFi application helps everyone make more passive income by speculating in the cryptocurrency landscape. This innovative ecosystem and multiple strategic initiatives empower holders to earn sustainable incomes in the long run.
Business Needs
The client wanted to capitalize on its idea of building a DeFi project that could unlock new streams of passive income. For that purpose alone, the client wanted to build a robust project that could harness the power of blockchain to create a sustainable source of income for different crypto investors. Some of the concrete business needs that the client had in mind at the start of the engagement are as follows.

  • Building a robust DeFi platform for helping investors build their sustainable incomes
  • Designing an intuitive investment ecosystem that did not have a steep learning curve
  • Creating a community-driven investment portal that could empower investors to earn passively from BNB rewards and reflections
  • Ensuring a feature-rich portal that could safeguard investors-cum-users against scams, pump-and-dumps, etc.
Strategy & Solution
To get started with the project, the client required an experienced blockchain growth partner. Its search for an ideal blockchain development partner ended with us. Our team had deep expertise in executing DeFi projects from conception to completion. At the beginning of the engagement, we had multiple meetings with the client to understand the scope of the project and the platform that we could use to build its token-cum-DeFi project. After extensive research, our team of blockchain specialists used the MERN stack that could get powerful components for the project's front-end and backend. Over the stack, we could help the client develop and deploy its community-driven DeFi project on Binance Smart Chain (BSC). As the client wanted to dish out BNB rewards to its community, BSC was the only choice to power the project.

As the client wanted to build a community of investors who wanted to use cryptosphere to earn more passive income, it required a swift and intuitive platform. Building a non-intuitive platform could not create a community that would be driven by momentum. That is why the client wanted a DeFi project whose interface was straightforward, simple, and lightweight. Our front-end developers decided to go with React to design and develop the UI. Here are the highlights of using React to build the front-end of the project.

  • Changing data without reloading the application pages
  • Leveraging reusable UI components to cut down on the development time
  • Building scalable and swift-loading webpages for the DeFi project

Our backend development team leveraged Node.js to build a robust DeFi project and its built-in token. As Node.js is often admired for its reliability, most seasoned blockchain developers gravitate towards using this platform for building the project's backend. And our development team also did the same thing. As the entire project was powered by the MERN stack, we used MongoDB for building the database of the project. Here are some highlights of the project's backend.

  • Improving the project's scalability because processes could not be blocked
  • Accelerated the pace of data streaming between the client and the server
  • Having a shared repository of fully updated dynamic modules and tools

Development Process:
Our blockchain software developers embraced the agile work methodology in order to speed up the process of building the DeFi project and its token. We had different pre-production Zoom sessions to make sure the project requirements were crystal-clear. Once the project requirements were set in stone, we worked in close coordination with the client's in-house technology specialists to set project milestones. Here are some key highlights of our development process.

  • Arranged multiple sprint sessions to clarify and reiterate the project's scope
  • Set project milestones and went to sprint sessions regularly
  • Defined the responsibilities and roles of project stakeholders whenever there was a need
  • Managed different add-on requirements from the client's team while the project development was underway
  • Tested deliverables multiple times before sending them for the client's approval

Business Outcomes
Once the project went live, the client saw major traction as many crypto investors who were interested in earning a passive income. Because of the project's idea and how well it was implemented, the client witnessed the creation of a solid community of crypto investors in no time. Here are some of the key benefits that the client reaped once the DeFi application and its inherent token were deployed.

  • Experienced an uptick in the number of crypto investors who were ready to build a steady stream of passive income
  • Simplified the development and deployment of utilities and products that could boost the ROI for the community
  • Built a path-breaking contract that has already started revolutionizing the delivery of BNB rewards regularly
  • Created a BNB sustainable reward pool whose cap is managed by the client's team
Client's Speak
From the start itself, we were confident about the expertise of Flexsin's blockchain development team. These developers are doers, dreams, and passionate just like us - and that is why they have become an extension of our in-house squad.

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