SynchroBit™: The Modern Digital Assets Exchange Platform
ENGINEERING, WEB DEVELOPMENT
SynchroBit™: The Modern Digital Assets Exchange Platform
An esteemed crypto trading platform by SYNCHRONIUM® to enhance the traditional means of digital assets exchange.
SynchroBit™ is a modern exchange platform offering numerous renowned and emerging cryptocurrencies at the best market prices. The platform can be availed to assess the concurring dynamics of the crypto market while it excels in offering the best digital assets trading practices.
Helping the Crypto Market Expand
When SYNCHRONIUM® reached us to discuss the idea of a hybrid crypto platform, we were more than ready to help. RevInfotech has been a promoter for advancement for a long time, so it was a chance for us to help the next-gen crypto market expand.
With blockchain technology on the rise, crypto trading is perceived as its frontrunner. So we helped build a platform capable of supporting secure and quick crypto trading.
The platform is designed in such a way, that the entire ordeal of signing up and buying crypto can be wrapped up in a few minutes. Plus the sheer amount of cryptocurrencies available for trading is staggering.
“Coming to RevInfotech for developing a hybrid exchange platform was a wise call. They helped us ideate the platform while building it from scratch to perfection.” – SYNCHRONIUM®
The Ideation Procedure
The primary goal of SYNCHRONIUM® was to develop a platform, which will cater to rookies and veteran crypto-traders alike. At the time, the industry was in dire need to get a venture capable of facilitating its proceedings securely.
Words like blockchain and crypto were associated with skepticism, and SYNCHRONIUM® wanted to change that. That is why they reached us and shared their ideas.
After comprehending the client’s requirements, we started brainstorming every aspect of the platform. We divided the entire project into small bits and designated a limited time to execute it.
Our basic understanding of the platform was:
- A secure space to offer esteemed cryptocurrencies.
- Security measures like 2FA and multi-level firewalls.
- Easy sign-up and KYC process.
The Vision We Saw
One thing we had to ensure was that our vision of the platform aligned with SYNCHRONIUM® as well as the latest market needs. We aimed to build a platform where anyone can visit and buy their preferred cryptocurrency.
The Issues We Faced
The initial issue we faced was to develop a platform capable of offering security in a virtually unknown domain. Garnering multiple crypto coins to offer their services was another issue we had to overcome. However, the ultimate hurdle was to overcome everything in a limited time. Our entire team worked to develop the platform from scratch to what it is today – the ultimate hybrid exchange platform.
Functionalities We Added
One of the major hurdles we faced with SynchroBit™ was to integrate the amount of cryptocoins they desired. Since they sought a multi-coin platform, we had to enhance the project’s functionality.
In the end, we managed to stuff in the majority of the mainstream cryptocurrencies on SynchroBit™. However, our work did not end there as we continue to implement the emerging coins to the platform. SynchroBit™ today has become the hub for major cryptocoins on the web.
Logo and Color Theme
After deciding the basic features for the platform, our next step was to double down on the logo and the color theme. We opted for a yellow and black contrast for both the logo and the coherent color theme.
The colors contrasted well while they packed a slight hint of Bitcoin, the most famous cryptocurrency. The idea was loved by the client, so we moved further.
The Target Demographics
Unlike other ventures of its kind, SynchroBit™ was aimed at a global audience regardless of their expertise and prior experience. While its main audience being a rational adult capable of comprehending the basics.
Since we were given a specific target to achieve, our work was simplified a notch as we progressed.
Age Group: 18-60
Income-Level: Mid to High
Looking For: A Secure Crypto-Trading Platform
After we wrapped up the procedure, we helped SYNCHRONIUM® launch the platform in a grand manner. From PRs, product launch, SEO, to SMO, we paved the path for SynchroBit™’s successful launch.
As we value our clients above everything, we help them modify the platform in accordance to the latest market trends. The platform and its cryptocoin SNB is now listed on multiple prestigious domains, and we take great pride in exclaiming our part.
What We Did
Upfront planning is key when it comes to designing successful, compelling products. Our experience with product development allows us to map out the most efficient path to accomplishing the goals of your project. Our first goal in this phase is to articulate all the desired functionality and outline exactly how your product will work.
The purpose of the use-case scenario is to define user goals, what they want to accomplish, and the best way to present the information they need. We’ll also define:
What they want from the product for themselves/users/business/clients.
Which tools can we provide to meet their needs?
Which action(s) they want to take or goals they want to accomplish with the product?
How can we maximize functionality within the product to expedite tasks?
What content will be needed?
Once we know who will use the product and how, we’ll create a written outline of functionality and workflow. The sitemap describes in written format what kind of functions need to be present and how to categorize that information.
For this step in the process, any additional content you want to have in the product must be provided. Having final content will help us iron out any unknowns we might encounter in designing the flow of the product and presenting it to the user.
A visual representation of the sitemap is created in the wireframing phase that includes all of the content you provide. Wireframes are a navigable prototype of how the product will work. They are not a final representation of the design. Think of wireframes as a blueprint of a house, illustrating where things go and how to get to them.
The visual design phase takes those wireframe blueprints and dresses them up with a pretty GUI (graphical user interface). We create design mockups for the home screen and all sub-screens that have any elements that differ from other screens. In other words, we don’t waste time mocking up screens that have the same look. Development can skin similar screens based on one mockup.
The development phase of any product is a quiet time in the project as far as client feedback. That’s why it is so important to spend quality time in the planning and information architecture phases of the project.
We like to prepare clients for the fact back and forth communication will be minimal until the Alpha Test version is ready for distribution. However, during Alpha and Beta testing it will be important for us to test the product A LOT. Believe it or not, during this time our goal is to purposely try to break the product as it’s better to work out all of the bugs internally than have customers point them out for us!
There are different stages or phases within the Product Development Life Cycle and in each phase, different activities take place.
1. Requirement Analysis
The aim of the requirement analysis phase is to capture the details of each requirement and to make sure everyone understands the scope of the work and how each requirement is going to be fulfilled. It is a normal practice to also discuss how each requirement will be tested and so testers can add great value in participating in requirement analysis meetings.
The next stage of the Product Development Life Cycle is the Design phase. During the design phase, developers and technical architects start the high-level design of the software and system to be able to deliver each requirement. The technical details of the design are discussed with the customer and various parameters such as risks, technologies to be used, capability of the team, project constraints, time and budget are reviewed and then the best design approach is selected for the product.
The selected architectural design, defines all the components that need to be developed, communications with third party services, user flows and database communications as well as front-end representations and behaviour of each component.
After the requirements and design activity is completed, the next phase is the implementation or development of the software. In this phase, developers start coding according to the requirements and the design discussed in previous phases.
Database admins create the necessary data in the database, front-end developers create the necessary interfaces and GUI to interact with the back-end all based on guidelines and procedures defined by the company.
Developers also write unit tests for each component to test the new code that they have written, review each other’s code, create builds and deploy software to an environment. This cycle of development is repeated until the requirements are met.
Testing is the last phase of the Product Development Life Cycle before the software is delivered to customers. During testing, experienced testers start to test the system against the requirements. The testers aim to find defects within the system as well as verifying whether the application behaves as expected and according to what was documented in the requirements analysis phase.
Testers can either use a test script to execute each test and verify the results, or use exploratory testing which is more of an experience based approach. It is possible that defects are identified in the testing phase. Once a defect is found, testers inform the developers about the details of the issue and if it is a valid defect, developers will fix and create a new version of the software which needs to be verified again.
This cycle is repeated until all requirements have been tested and all the defects have been fixed and the software is ready to be shipped.
5. Deployment and Maintenance
Once the software has been fully tested and no high priority issues remain in the software, it is time to deploy to production where customers can use the system. Once a version of the software is released to production, there is usually a maintenance team that will look after any post-production issues.
If an issue is encountered in the production the development team is informed and depending on how severe the issue is, it might either require a hot-fix which is created and shipped in a short period of time or if not very severe, it can wait until the next version of the software.
About the Author
CEO, Blockchain Expert, Entrepreneur, Speaker, and Tech enthusiast. Looking to help reshape the world through new technologies. I am always there to help aspiring developers develop their skills. As a professional writer and a strategist, I carry special skills for B2B space as I not just have an experience of working with corporate as a working or self-employed professional but also have a strong supportive educational background.