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    commodity-tokenization

    COMMODITY TOKENIZATION SELLING PLATFORM

    Find out How We Made Solutions Successfully for Commodity Tokenization
    Platform with our Expertise.

    commodity-problem
    problem

    The client needed a secure platform to sell commodities-backed cryptocurrencies and tokens while ensuring that sensitive information, such as private keys, was not stored on their servers. The platform had to support multiple cryptocurrencies and tokens, include robust security features, and offer an intuitive user experience.

    Client’s Demand
    Security : No storage of private keys on the server.
    Multi-cryptocurrency and token support : Integration with multiple blockchain networks.
    Admin control : A system where the admin has control over deposits and withdrawals without compromising security.
    User authentication and verification : Comprehensive KYC processes.
    User-friendly admin panel : Easy management of the platform’s functionalities.
    Upshots

    The implementation of this platform resulted in a highly secure, user-friendly, and efficient commodities-backed cryptocurrency/token selling platform. The client’s requirements for security, multiple cryptocurrency support, and robust admin controls were met effectively. The integration of automated processes like "Move to Admin" and manual approval systems for withdrawals ensured that the platform remained secure while providing flexibility and control to the admin.

    Technology Stack
    nodeJS nodeJS

    Node JS

    Backend

    reactJS reactJS

    React JS

    Frontend & Admin Panel

    mongoDB mongoDB

    MongoDB

    Database

    The platform's technology stack includes Node.js for the backend, React.js for the frontend and admin panel, and MongoDB for the database. It integrates networks for tokens like BEP20 (USDT, DUSD) and coins such as ETH, BTC, and Polygon.

    Key Features
    Push to Burn : A mechanism to remove tokens from circulation.
    Move to Admin : Automated transfer of deposits to the admin address every 12 hours.
    Admin 2FA : Two-factor authentication for admin access.
    Sub Admin Customization : Ability to add or remove sub-admins.
    Admin Withdraw : Admin-controlled withdrawal processes.
    Deposit Withdraw : User-initiated deposits and withdrawals.
    Google Authentication : Integration with Google for enhanced security.
    KYC : Users must submit their International Driving Licence or Passport for verification.
    Product List Management : Admins can upload and manage product lists.
    Live Visit Booking & Product Delivery : Features to facilitate direct interactions and deliveries.
    Modules & Industrial Part
    Security Implementation
    Move to Admin : The platform employs an automated system where user deposits are transferred to an admin-specified address every 12 hours. This process is executed using a cron job, ensuring that private keys are never stored on the server, thus adhering to the client's security requirements.
    Withdraw : For withdrawals, users' requests are sent to the admin. Upon approval, the requested amount is transferred manually from the admin's address to the user's address. This manual process adds an extra layer of security, preventing unauthorized access.
    User Authentication
    Google Authentication : Ensures that users have an additional layer of security when accessing their accounts.
    KYC : Users must submit their International Driving Licence or Passport, providing a reliable method of identity verification to prevent fraud.
    Conclusion

    This commodities-backed cryptocurrency/token selling platform exemplifies how modern technologies and thoughtful design can create secure, user-friendly financial solutions. By leveraging a robust technology stack and implementing stringent security measures, the platform successfully meets the client’s demands, ensuring a seamless and secure user experience.

    We'd Love To Hear From You!

    Know your requirement, our technical expert will schedule a call and discuss your idea in detail. All information will be kept confidential.

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