Rapid Trade Binary Option
The first really honest and verified binary option app for cryptopairs.
Summary
The idea behind the RapidTrade Binary Option project - provide inexperienced traders and other people the opportunity to play and earn money by guessing the direction of the change in the value of the cryptocurrency pairs for short time slots.
Before buying an option, a user refills the account balance instantly depositing cryptocurrency (RapidTrade supports BTC, and ETH) to the wallet. Once the account is refilled, the user can get to trading. He choses a preferable cryptopair, BTC / USTD for instance, the time frame between 2 and 10 minutes and the direction (UP or DOWN) of the cryptopair’s value. RapidTrade shows the amount of bonus the user is going to receive.
If the direction of price fluctuation was guessed, the user gets a return up to 90%, otherwise, he loses 100% of the option strike price.
The app offers new users a number of free tokens they can start playing and making real money with. Having free tokens at the beginning increases user engagement and retention rate.
RapidTrade is integrated with third-party data sources, such as Binance, Kraken, Huobi, etc., that eliminates manipulations with the value of cryptocurrencies and allows users to verify any option.
The funds can be withdrawn from in-built wallet at any time to any other external wallet without.
Before buying an option, a user refills the account balance instantly depositing cryptocurrency (RapidTrade supports BTC, and ETH) to the wallet. Once the account is refilled, the user can get to trading. He choses a preferable cryptopair, BTC / USTD for instance, the time frame between 2 and 10 minutes and the direction (UP or DOWN) of the cryptopair’s value. RapidTrade shows the amount of bonus the user is going to receive.
If the direction of price fluctuation was guessed, the user gets a return up to 90%, otherwise, he loses 100% of the option strike price.
The app offers new users a number of free tokens they can start playing and making real money with. Having free tokens at the beginning increases user engagement and retention rate.
RapidTrade is integrated with third-party data sources, such as Binance, Kraken, Huobi, etc., that eliminates manipulations with the value of cryptocurrencies and allows users to verify any option.
The funds can be withdrawn from in-built wallet at any time to any other external wallet without.
Collaboration in numbers
Budget
$50 000
Periods of engagement
10 months
Team size
3-4
Client’s location
Cyprus
About the customer
Our client in this project is an individual entrepreneur and startupper interested in Blockchain, cryptocurrencies and decentralized finance (DeFi).
What our customer expected to get:
- user-friendly app with very easy and self-explanatory interface;
- simple registration process with social account, Gmail, or Scatter;
- honest binary option: online verification of stakes and outcomes;
- risk-free trading with free bonus funds;
- multi-currency depositing and withdrawing support;
- user guide for new users;
- landing page for ads;
Solutions
EOSIO blockchain is In the heart of Rapid Trade. The logic of the game was implemented at the EOS smart contracts level, which ensured compliance with clear rules and instant transfer of premiums to users' wallets.
The front-end and back-end sides we developed with the usage of the following technologies ReactJs / Unistore,NodeJs, AWS Lambda, Serverless Framework, PostgreSQL.
In the process of product implementation, our team integrated with third-party services such as BitGo,Infura, CryptoCypher, Dfuse. To ensure the high performance of the application, we developed our own implementation of trading charts (linear and candles) using D3.js library.
We used Amazon Web Services (AWS), a cloud platform, to deploy the project infrastructure.
The front-end and back-end sides we developed with the usage of the following technologies ReactJs / Unistore,NodeJs, AWS Lambda, Serverless Framework, PostgreSQL.
In the process of product implementation, our team integrated with third-party services such as BitGo,Infura, CryptoCypher, Dfuse. To ensure the high performance of the application, we developed our own implementation of trading charts (linear and candles) using D3.js library.
We used Amazon Web Services (AWS), a cloud platform, to deploy the project infrastructure.
Technologies applied
To fulfill all the set tasks, we used the following techs.
Front-end:
Figma, ReactJs / Unistore
Back-end:
NodeJs, AWS Lambda, Serverless Framework, PostgreSQL
Blockchain:
EOS, EOSIO SDK, C++
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