Blockchain-based ITO Solution in the CeFi World
Combination of Finance and Governance
Research, Conceptualization, Design, Implementation of ERC1155 standard in Smart Contract, Whitepaper, Development, Testing, Deployment
Dinisium is a new financial system for ITO management. It offers Security Token Offering (STO) or Initial Token Offering (ITO) to its investors and every token on this blockchain would be backed by an asset.
Dinisium has the following three user roles:
In this platform, there are 2 approaches for creating an ITO, either an Admin launches an ITO with its own personal cash or through the second approach in which he collects funds from the investors through subscriptions and then creates the ITO.
Once an ITO is launched, every investor is able to purchase token(s) from that particular ITO. One ITO can have multiple series which means that investors are allowed to purchase tokens from only the open/ongoing series available against an ITO and once all the series of an ITO are finished, that particular ITO is closed.
Dinisium offers a secure platform to start and trade an asset-backed ITO
Problems and Solutions
Scam is the main issue in most crypto platforms due to a lack of security features.
Dinisium provides a solution for it by offering a lot of security features like dual approval of different admins on sensitive actions of investors which makes the trading safe.
High Transaction Fee:
The main issue while trading any crypto is the high gas fee that we have to pay for transactions.
Dinisium offers its users the ability to perform a transaction with no gas fees because it chooses Quorum Blockchain for its enterprise solution which has no gas fees.
Other platforms have quite limited custom offers for investors and fail to maintain the interest of investors
Dinisium gets the interest of its investors by combining finance and governance in one platform. To add some perks for investors, Dinisium offers some unique features like Subscription to specific ITO and assignment of specific wallets to the investors. It also offers the ease for liquidity of highly illiquid assets like real-estate entities and art-works and allows nominal or micro investors to take part in the security token offerings on the platform.
Lack of Customer worth:
The lack of customer worth and support after the investor invests on a platform is also a major issue.
Dinisium proposes the solution of it by offering the Withdraw Request feature for deposited amounts on the platform. It also provides a Voting System on the platform to take their customer perspective or feedback for further improvement in the ITO launching.
Stock Exchange Problem:
The biggest problem in Stock Exchange is the third-party dependency like brokers who have high rates.
Dinisium offers a platform where the investors could buy and sell the tokens without the interference of any kind of third party other than the platform thus, lowering the dependency.
We offer the best tool and technology stack according to the use case of the product. For Dinisium, the following technology is put into use:
Quorum is used as a private blockchain which is the best enterprise solution with the features of privacy, scalability, network performance, and no transaction fee.
ERC1155 Standard is used for the development of the Smart Contract.
React.js is used for frontend development.
Node.js is used fo
Express.js is the framework of Node JS which is used for the backend.
Postgresql is the database used to integrate with node.
Postman is used for testing purpose.
Jira is used for task management between developers.
Bitbucket, a repository, is used to maintain or manage the code.
Digital ocean is used for deployment.
Visual Studio Code
Visual Studio Code is used as an IDE for frontend and backend development.
Remix is used as an IDE for the Smart Contract development.