Decentralized Cryptocurrency Exchange
weeks for the first two team members to start
weeks to build enterprise cloud infrastructure
projects in progress in parallel
CoinSwap Space is a decentralized exchange, or DEX, created for swapping BEP20 tokens on BNB Chain. CoinSwap Space uses an automated market maker (AMM) model where users can trade against a liquidity pool.
CoinSwap Space’s vision is to create a strong foundation for the community by giving memberts incentives in exchange for their support of the AMM model. Also, to develop an advanced ecosystem for automated liquidity provisioned on BNB Chain.
CoinSwap was founded by entrepreneurs and experts in the crypto domain. Wanting to focus on the business, they were looking for a partner who would be able to help them with delivery in a rapid-growth environment. This is where Rite NRG came in.
Key Values
Building and rapid scale-up of the delivery team
Establishment of delivery processes (SCRUM, SDLC, PMO, Onboarding, etc.)
Advisory regarding solutions and support with building a strategy
Project challenges
- As the company was growing, it was time to develop structure and processes within the delivery, which would allow the company to enter the next level of advancement. There were two options: the Coinswap leadership could have taken matters into their own hands, which would involve neglecting their current duties in which they specialize, or delegate this responsibility to a partner who would take the ownership of this area.
- Flexibility - As it turned out, the biggest challenge was finding a reliable partner for long-term cooperation - someone with a similar mindset and understanding of challenges at this stage. Expertise, time, and culture fit played a key role here.
- Processes - The development of the platform required having experience in broadly understood delivery processes. The client, being a technical enterprise but still a young company on the market, did not have enough time to learn how to upscale the team efficiently enough and how to ensure the necessary processes and technological expertise. HR, staffing, SCRUM - these are just a few examples of processes that needed to be in place
- Expertise - An unexpected "test" for the Rite NRG team was the work on setting up the client's infrastructure, as during the team's onboarding process it required immediate technological assistance. Thanks to this we could very quickly verify how our cooperation will further develop. That was the stage when both sides realized that what is really needed for future growth is a proper approach.
Solutions and Technologies
In the first stage, we focused on an in-depth analysis of the challenges inside the portal. The combination of Coinswap’s knowledge of the crypto industry and our experience in the delivery and scale-up showed us the best direction for the fast development. Together, we decided that the best choice for our cooperation would be the Dedicated Team service. Thanks to the series of meetings, we were able to get to know the client’s values, goals, and Coinswap’s way of looking at the business. This allowed us to build a team consisting of the competencies that the client needed at this very moment.
The next key step was to stabilize the customer’s delivery. The team, which was already working with Coinswap, was to provide services that helped in the implementation of further features in Coinswap.space and to take care of support and maintenance. As software houses especially know it well, the most important thing is to bring the solution to a stable level, allowing a platform to be expanded with new functionalities.
Technologies applied:
- Unity
- Node.js
- React
- .NET
- iOS
- Android
A natural step in the company’s development was moving the platform to other channels. In times so heavily focused on mobile devices, we could not afford to skip this area. As in every previous case, Coinswap came up with an idea, we found the solution. This time it was to find a dedicated Mobile team that would implement the iOS and Adroid Apps. In this case, Rite NRG recomend a partner specilized in this type of the project. Having different channels that don’t provide a similar user experience is a serious challenge.
Especially if we are thinking about inexperienced users who want to start their own journey with crypto. This time we came up with the idea to use User.com as a central point of user profiling and therefore make onboarding easier based on that solution. We described it in another case study here (link do case study o user.com). All of these projects were realized in a unified approach based on Agile and with SCRUM as a delivery framework.
Results and plans for the future
A stable coinswap.space, advanced stage of iOS and Android implementation, and proper processes implemented are the milestones in our jurney. Currently, the team of almost 20 people is working on various projects to make it all happen, thinking about the future of eCommerce and Blockchain. Yes, we have started already the next extraordinary project in Meta. This will be a Metaverse platform for gamers.
Effects are coming soon…
