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Development of a Mobile Gold Trading Marketplace with Integrated Features for Wealth Preservation
  1. case
  2. Development of a Mobile Gold Trading Marketplace with Integrated Features for Wealth Preservation

Development of a Mobile Gold Trading Marketplace with Integrated Features for Wealth Preservation

celadonsoft.com
Financial services
eCommerce

Identified Challenges for a Digital Gold Trading Platform

The client faces difficulties in launching a mobile-focused platform that enables users to easily purchase, exchange, and multiply gold investments, especially under tight deadlines. The existing website requires adaptation for mobile devices, but development efforts are hindered by slow API integrations and coordinating with internal backend teams. There is a need for a secure, user-friendly mobile application that can support rapid deployment and facilitate wealth protection and growth via gold assets.

About the Client

A mid-sized financial institution specializing in gold investment solutions aiming to expand digital presence and customer engagement through mobile commerce.

Key Goals for Developing the Mobile Gold Marketplace

  • Rapidly develop and deploy a cross-platform mobile application for gold trading within a 4-month timeframe.
  • Provide a secure and intuitive platform enabling users to convert real money into platform-specific coins for gold purchase and exchange.
  • Introduce engaging features such as a prize lottery system and investment growth tracking tools.
  • Ensure seamless API integration with existing backend systems and third-party payment gateways.
  • Achieve high usability standards through an intuitive UI/UX design, optimizing button placement and user flow.

Core Functional Specifications for the Gold Trading App

  • User account creation and secure login with multi-factor authentication.
  • Conversion of real currency into platform-specific coins for transactions.
  • Gold purchase interface allowing users to buy pure gold coins or assets.
  • In-platform currency exchange to facilitate trading between coins and gold assets.
  • Implementation of a lottery feature where users can buy boxes to win prizes (e.g., vehicles, gadgets).
  • Money tables or deposit plans enabling users to deposit funds and track their wealth growth over time.
  • Real-time wealth tracking dashboard displaying investment performance and percentage increases.
  • Notification system for transaction updates, promotions, and lottery results.

Preferred Technologies and Architectural Principles

Cross-platform mobile development frameworks (e.g., Flutter, React Native)
RESTful APIs for backend communication
Secure payment gateway integration
API management and documentation standards

External System and Service Integrations

  • Payment gateway API for secure transactions
  • Backend API endpoints for user data, transactions, and asset management
  • Third-party systems for lottery management and prize distribution

Essential Non-Functional System Qualities

  • Support for rapid deployment within 4 months
  • High system security to protect financial and personal data
  • Scalable architecture to handle increasing user base
  • Performance targets ensuring smooth user experience on both iOS and Android devices

Projected Business Benefits and Outcomes

The successful development and launch of the mobile gold trading marketplace aims to increase user engagement by providing an accessible platform for gold investments, introduce innovative features like lotteries and wealth tracking, and establish a competitive market position. The project is expected to facilitate rapid deployment within the tight timeframe, enhance customer retention, and drive wealth growth for users, leveraging integrated features proven to boost transaction volumes and platform loyalty.

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