Platinum Q DAO Engineering

Client

The Q DAO digital assets project is an alternative financial ecosystem that contains stablecoins with values pegged to global currencies like USD, JPY, KRW, HKD, SGD, etc. These stablecoins offer traders multiple benefits such as a stable currency to trade in and a virtual asset with low entry barriers and faster transactions.

The Q DAO stablecoin ecosystem is controlled by the QDAO governance token. This token allows holders to participate in the governance process, build consensus, and help in keeping the price of the stablecoins from falling into extreme volatility.  

Scenario

The Q DAO ecosystem was created as a result of the market need for stablecoins – digital assets which values have been pegged to traditional assets like fiat currencies or commodities. Crypto enthusiasts get the advantages of digital assets and the assurance of price stability. The crowdfunding platform attracted a large number of interested individuals who wished to participate in the token sale and buy the QDAO governance tokens.

The Q DAO management team and common users had a lot of demands in streamlining the process and having a comprehensive single touchpoint for all participants due to a multi-stage sale of the QDAO tokens. Moreover, it should provide all relevant information and activate the lock-ups of the tokens and other features. 

Business Requirement

The Q DAO ecosystem conducts its token sale in a multi-stage manner with different lockup periods to ease the entire process and allow maximum participation of interested individuals. A comprehensive dashboard could solve the problem. It should unify and integrate features for easy monitoring all information about the token sale and assets through a single interface. A feature-rich, powerful and intuitive platform has to be developed in a short time frame.  

 Solution

The Platinum QDAO Engineering team developed a comprehensive dashboard that contains multiple informative sections that help to organize the whole process from buying and withdrawing tokens to participating in loyalty programs. Motivation tasks and bounty activities were able to perform inside and outside of the Dashboard due to deep integration with social services. 

Features

1.     High level of security – Secure account with two-factor authentication as well as authentication via social networks to keep all users’ actions and records of transactions safe and secure.

2.     3-level referral system – A powerful 3-level referral system with a number of helpful features such as tracking of invitees and referral links along with tracking the source users come from, as well as detailed statistics of their actions and purchases.

3.     Rank system – a 6-level evolving program for every user. Each level contains specific tasks to be done. Outstanding bonuses and features get unlocked once the user successfully completes all tasks of a level. (E.g., filling in some info in a profile, buying some amount of QDAO, inviting some friends onto the platform, etc.)

4.     Ability to buy QDAO –  The Dashboard allows users to buy QDAO with dozens of cryptocurrencies during dedicated token sale rounds. Users can deposit the QDAO tokens on exchanges after the token sale period.

5.     Promo-code system – This system generates promo-codes regularly to deliver exciting deals and discounts to Q DAO customers.

6.     Curator feature – This feature allows users to ask questions and queries that will be immediately answered. Personal Curator guides through any questions or difficulties.

7.     External withdraw module – The tools.qdao module allows users to send and lock tokens for any period and unlock them for shared payments according to a predefined schedule. Tokens can be locked and claimed by a user via the tool’s interface which interacts with Metamask ERC20 wallet.

8.     Internal lock-up system  - This feature allows users to keep track of obtained QDAO tokens. It enables the withdrawal directly to a given wallet according to the unlock schedule.

Development of the Project

The dashboard was designed from a scratch by the in-house team of Platinum Q DAO Engineering without any external assistance.

The system has already proven itself as a solid and reliable platform capable to work under significant load.

The project was developed within six months. Regular updates continue to happen due to the evolving nature of the project and the evaluation of the Q DAO ecosystem.

The project was completed by a team consisting of:  

• Project Managers - 2

• CTOs - 2

• Backend Developers  - 4

• Blockchain Developer  - 2

• Designers - 2      

• Frontend Developers - 3

• Q&A Engineers - 3

The Client

Roseon is a blockchain-powered ecosystem that provides a foundational infrastructure for social and enterprise needs. They seek to create a handy platform where digital assets and digital identities build the basis for asset transactions. Moreover, their goal is to establish a new blockchain ecosystem that will transform human society with the help of a valued intermediary.

The Scenario

While cryptocurrency wallets are revolutionary in the fact that they offer an agile method of storing and managing digital assets, there are still issues that make their use problematic. Apart from the inherent security issues that make wallets, especially “cold wallets, vulnerable to breaches and hacks, there are problems with aspects like true mobility, ease of asset conversion and transactions.

 This was an opportunity for Platinum Q DAO Engineering to develop a highly secure digital assets wallet that was truly agile and flexible to cater to the growing needs of a cryptocurrency trader.

The Business Requirement

Platinum Q DAO Engineering was tasked with developing a one-stop solution for hassle-free purchase, sale, and management of digital assets. The wallet should support all popular digital assets and the system should be designed foreseeing the emergence of new currencies and their integration with the wallet. 

 Customers should be able to take the wallet wherever they go with them and manage their cryptocurrencies at the tip of a finger. As these wallets store some of the most valuable digital assets, the major underlying condition was to develop the multicurrency blockchain wallet in such a way that it closes all doors on hackers and malware threats. 

 The Solution

Platinum Q DAO Engineering developed a multicurrency cryptocurrency wallet that integrated some of the best industry-leading security features, along with the ease of asset conversion and transfer of assets from and to different platforms.

 For offering true mobility, the wallet was designed in such a way that it is accessible through multiple channels and platforms.

 The Roseon wallet also got a robust admin panel to get a bird’s eye view of the whole system for support, maintenance, and detailed settings.

 Features

• Highest security – State-of-the-art architecture-level security measures incorporated within the wallet offer bank-level security to funds.

• Multi-sig cold storage system - A multi-signature cold storage system is integrated with the application to safeguard funds and private keys.

• Multi-channel access – Highly mobile wallet that can be accessed on any device – desktop, mobile, tablet. Apps for iOS and Android.

• Integrated with all major currencies - Roseon wallet currently supports BTC, BCH, ETH, and LTC. In the future, the wallet will support many more digital assets. 

• Hassle-free withdrawal and conversion to fiat currencies - For easy withdrawal of cryptocurrencies and conversion to fiat currencies, withdrawals using debit cards, PayPal, WeChat, and Alipay are made feasible.

• Performance tracking system - For strategic analysis and decision making, the Roseon wallet enables users to track the performance of their coins and portfolio against all major fiat currencies.

• Efficient admin panel – A comprehensive platform enables users to gain insights into the everyday market conditions. Hourly, daily, monthly and yearly graphs will help users to take informed trading decisions.

Team and Duration

Our team of eight professionally skilled developers, engineers, designers, and managers from Platinum Q DAO Engineering worked on the Roseon project relentlessly to develop a user-friendly, glitch-free, fool-proof multicurrency blockchain wallet application. 

Product Manager - 1

Back-end Developers - 2

Blockchain Developer - 1

Front-end Developers - 2

Designer - 1

Q&A Engineer - 1

Duration: 2 months