Tangible Gold and SoluLab are ushering in a new age of competitive mineral investing via the use of decentralized blockchain technology.
Tangible gold is the first trusted gold and silver investment decentralized exchange platform where users are welcomed to buy, sell or trade these metals. Along with SoluLab, users can use this platform to their benefit with minimum investments.
Creating non-fungible gold tokens and guaranteeing their delivery – SoluLab decided to create NFTs that were to be physically delivered to the user’s address. The major challenge here was the involvement of third parties that provided delivery services.
Balancing the act between app design functionality and design choices from clients seems to be the second main challenge. In order to create highly functional UX and UI, we had to sit down with the client’s team which resulted in wireframes with a perfect balance between UX and UI.
As the project evolved from discovery to development, the scope of the project suddenly added 3 new phases. Our team had to be agile and innovative to accommodate sudden changes with not delays in agreed timelines.
SoluLab offered a feature list for each of the three stages. This clarified what we were going to accomplish. Furthermore, the agile development methodology can adjust according to changes.
We discovered a source that could manage the return and deposit problem after doing extensive research on the service providers. They would assist with the physical asset distribution and deposit functions.
Administrators and users will have access to multiple wireframes. This also met the client’s requirements
Investors leverage their purchases of precious metals by trading on decentralized exchanges. One advantage here is that tokens can be supplied as liquidity to automated market makers.
Holders of cryptocurrency such as tether and ethereum and tangible metal-backed tokens offer liquidity.
The target audience of this platform includes both retail and institutional investors. This is because the tokens are backed, protected, and guaranteed by gold and silver. Moreover, there is an option of keeping these tokens in a safe vault rather than dealing with actual precious metals.
The vault platform will allow investors to invest in the trading platform for a specific asset return, with the vault liquidity pool utilized to provide margin on the decentralized exchange. The holders of an asset (gold and silver) will get a fixed amount of return from the commission they get from the decentralized exchange platform.
The platform covers the storage and insurance costs of gold and silver tokens with income generated by platform fees.
“They did a very hard research to find the best solution to implement the idea we have envisioned and their communication process was very smooth.”
