Single-Vendor Marketplace Development

Single-vendor marketplace development aimed to increase people’s wealth by means of gold.

System structure:

Mobile application
- iOS
- Android
Admin panel

Industry:

e-Commerce

Timeline:

4 months

Services provided:

Backend development
Frontend development
Project management
QA

Team composition:

Lena, Project Manager

Valentine, Software Engineer

Daria, QA Team Lead

The client of this project is a gold trading company, which through technology offers a variety of solutions to strengthen the economy at all levels. The customer reached out by asking us for the single-vendor marketplace development. Sounds like a common task for a company that deals with professional mobile app development. But there is one "but" - The main task was to create a mobile application in the shortest possible time, as the customer wanted to tender this app. Not every company would agree to work under very tight deadlines. As we had had the background expertise on how to build a multi-vendor marketplace earlier, we took a risk and made it.

Single Vendor E-commerce App Development

The client had a fully developed product idea. The aim of the single-vendor e-commerce app development is to create a friendly platform designed to combat economic uncertainty in countries hit hard by economic crises through the purchase of pure gold coins and thereby enabling users to protect and increase their wealth.

How does the Single-Vendor Marketplace Work?

The user contributes real money, which in the app is converted into platform-specific coins. Coins can be used to buy gold or to exchange for in-platform currency. The authors of the project believe that gold protects welfare from the devaluation of the national currency. Coins can be multiplied over a period of time as well as it’s expected that as gold increases in value in the market, the user’s wealth will increase. The service is available for both people and organizations (B2C and B2B).

Lena, Project Manager

Challenges to Create a Single-Vendor Marketplace

They already had a website with the same functionality, which they needed to develop an e-commerce store app to be run on mobile devices. In addition, the customer already had a ready-made design. Our suggestions for changes related to UI/UX development were rejected in most cases. The client's requirements were strict adherence to the technical task throughout e-commerce store platform development.

Talking about the technical challenges, were the following:

We weren’t the only team working on the project. The client had its own backend developer to build e-commerce store software. Also, our team encountered difficulties in interacting with the contractor on the client side. We used to contact them when we had questions, create endpoints, and provide APIs. The developer was slow and reluctant to communicate, which slowed down our work, respectively.
The project required several API integrations to create a single-vendor marketplace. The API payment gateway was quite a challenge that was taken off our shoulders by the customer’s developers.

What we Arrived as the Result of Single-Vendor Marketplace Development

Our development team has managed to meet the tight deadline and release the ready-to-go app. Here's what we were able to bring to the app:

Anna, UX/UI Designer

We managed to add a couple of minor edits to the design. More specifically, we changed a few buttons and made them more user-friendly and intuitive.

Suggested and added new features

Lottery

We proposed to introduce something like a lottery. According to the terms, the user was offered to buy a box, which provided the opportunity to win some prizes. The principle of the lottery worked in the following way - there was a series of boxes, and each sequence was supposed to have a bonus. For example, a car. The user bought a box and thus participated in the prize draw.

Money tables

The second feature that we offered was money tables. The user would deposit some real money, and in some time (a month, for example), he would get an opportunity to multiply the amount. In addition, the user could deposit money all the time and keep track of the percentage by which the initial amount increased.