Betller P2P — cryptocurrency rates betting platform

A web platform based on binary options principle for trading between people that are betting on cryptocurrency rates.

Location

USA

Our role

Web Development

Project duration

05.2018 - 08.2018

Type of work

Time and Materials

Betller №1

Location

USA

Our role

Web Development

Project duration

05.2018 - 08.2018

Type of work

Time and Materials

Background

The project is designed to earn cryptocurrency. This new platform makes it possible to bet cryptocurrency on changes in the financial markets rates, sports and more. The P2P model allows users to bet against each other on their own terms. Visitors pass quick verification and can immediately participate in bets having as little as 0.0001 BTC.

Tech Stack:

CSS HTML MySQL PHP Yii2 Node JS

Number of sprints:

10

Tasks And Challenges

One of the difficulties in this project was to correctly determine winners because a lot of users are betting on a constantly changing rate. Huge amounts of data needed to be processed.

In addition, it was necessary to give users the opportunity to quickly place bets, since the cryptocurrency rate is very dynamic.

And, of course, one should never forget to ensure the stability of the service and its security.

What we had to do:

  • - A cryptocurrency node for the project
  • - Integrate TradingView
  • - Develop cryptocurrency betting game logic
  • - Data security
Betller №2 Betller №3 Betller №4

Solution

After studying all the objectives of the project we made a technical task and worked out a development plan.

To provide high-speed betting possibilities we used the Redis database. Its efficient data storing allows us to work with information faster.

As part of the traffic gaining and retaining strategy, a daily bidding contest was developed. It was designed so that users could accrue different bonuses. A chat has been developed. It helped users to communicate and make deals.

The security system was implemented for the server and website, two-stage verification was added.

What was done:

  • - Project Design, layout and programming
  • - A node was created to register wallets, storing and managing funds
  • - Enhanced server and site security
  • - Realtime for the entire interface including trading view
  • - Developed the logic of the bidding game
  • - A betting system that is tied to a rate on the Binance digital currency exchange
  • - The bonus system of the referral program
  • - User chat

Result

To launch this product we did a thorough market analysis and all the development work necessary.

Registered users now have access to all the bidding game’s functionality, bonus and accumulation systems, referral options and more.

The main objective of the project has been completed. We developed a fully functional platform for users to make money by betting on cryptocurrency according to the BTC exchange rate.

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