KaiLend is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications.
A platform to create your own tokens and token sales in just a few seconds
Confidential
3 months
Blockchain
2022
AWS, Mongo Atlas, Infura IPFS, Solidity, The Graph, Lambda serverless, NodeJS, ReactJS
MoonZ helps everyone to create their own tokens and token sales in few seconds. Tokens created on MoonZ will be verified and published on explorer websites.
MoonZ aims to enable users to create their own tokens and token sales quickly and efficiently. However, several challenges stood in the way of achieving this goal:
– Complexity of blockchain development: Creating custom tokens and conducting token sales typically requires in-depth knowledge of blockchain protocols, smart contract development, and security best practices, posing a significant barrier to entry for non-technical users.
– Security vulnerabilities: Smart contracts are immutable once deployed, and any vulnerabilities in their code can lead to irreversible financial losses. Therefore, ensuring the security and reliability of generated tokens and sales mechanisms is paramount.
– Scalability and user experience: Providing a platform that can handle a large volume of token creations and sales while maintaining a seamless and intuitive user experience presents technical and design challenges.
In order to overcome the challenges, Hola Tech adhered to the best practices. Key components of the solution included:
– Robust infrastructure: Hola Tech architected a resilient and scalable infrastructure utilizing AWS for cloud computing services, ensuring high availability and performance. Hola Tech used Mongo Atlas as a managed database solution, providing flexibility and scalability for storing user data, token configurations, and platform-related information. Moreover, for decentralized storage of static assets and potentially metadata associated with tokens, Infura IPFS was utilized, enhancing data persistence and censorship resistance.
– Secure and optimized smart contracts: Our expert smart contract developers crafted highly secure and efficient smart contracts using Solidity. Rigorous auditing and testing procedures were implemented to mitigate vulnerabilities and ensure smooth, reliable token creation and transfer processes. Besides, Hola Tech also used the Graph to index and query blockchain data efficiently, providing real-time information on token sales, balances, and transactions to the front-end application.
– Dynamic and user-friendly interface: A responsive and intuitive user interface was built using ReactJS, providing a seamless and engaging experience for users to create and manage their tokens and token sales. The frontend was optimized for various devices and browsers, ensuring broad accessibility. For the backend, we utilized Lambda serverless (AWS) with NodeJS, enabling scalable and cost-effective execution of backend logic, including smart contract deployment orchestration, data processing, and API endpoints for the front-end.
– Attracted over 5,000 active users
– Enabled over 500 tokens to be created on the platform
The implemented system successfully met MoonZ’s requirements for performance, security, and functionality. The platform has significantly lowered the barrier to entry for token creation and sales, attracting over 5,000 active users. MoonZ has empowered these users to launch their projects quickly and efficiently, with over 500 tokens already created on the platform. This demonstrates MoonZ’s success in providing a seamless and accessible solution for the burgeoning token economy.
KaiLend is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications.
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