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SALVA COIN
Discover How the Idea Usher’s Team Created an Innovative Ecosystem on the Polygon Blockchain, Featuring a Unique ICO and Marketplace
The Ultimate Utility Token for Seamless Transactions and Rewards
Discover how the SALVACoin team leveraged the power of the Polygon blockchain to create an innovative ecosystem, complete with a dedicated ICO and a one-of-a-kind marketplace.
Problem Statement
- The client approached our team with the goal of launching a blockchain-based coin, SALVACoin.
- The primary concern was to ensure that the ICO process was seamless, without any potential for hacks or idle states.
- Our team also needed to find a blockchain with affordable gas fees for transactions.
- In addition, the client wanted to create an ecosystem around SALVACoin with a unique reward system for users holding a specific amount of coins.
Possible Solution
- Our team researched and strategized the ICO process to ensure a smooth launch.
- We chose the Polygon blockchain for its lower gas fees, enabling more affordable transactions for users.
- We worked to revamp the SALVACoin website, creating a user-friendly interface for purchasing coins and utilizing them on the SALVA store.
- Our team also designed a custom reward system that incentivizes users to hold onto SALVACoin.
- The result is an ecosystem that promotes and rewards the use of SALVACoin.
Development Process
User Painpoints
Research & Analyze
Conduct extensive research on blockchain technology, ICO processes, and token economics. Analyze potential risks and worst-case scenarios.
Target Audience
Identify the target audience for SALVACoin and design the ICO process and platform to cater to their needs and preferences.
Technology Constraints
Evaluate the technical requirements for the project and ensure that the platform and tools used are compatible and efficient.
Strategize ICO
Develop a comprehensive plan for the ICO process, including pre-sale, public sale, and post-sale activities. Determine the token economics, pricing strategy, and token distribution plan.
Business Goals
Establish the business goals for the project and ensure that the ICO process and platform align with those goals. Determine the marketing and outreach strategies to build a strong community around SALVACoin.
Research and Strategy
High Gas Fees
Conduct extensive research on blockchain technology, ICO processes, and token economics. Analyze potential risks and worst-case scenarios.
Complex User Experience
The complex process of buying, selling, and using cryptocurrencies often results in a poor user experience, deterring potential users.
Limited Utility
Many cryptocurrencies have limited utility and cannot be used for everyday transactions, making them less appealing to users.
Lack of Rewards
Users often have little incentive to hold onto cryptocurrencies, resulting in decreased demand and value. SALVACoin addresses this pain point by providing custom rewards for holding a specific amount of tokens.
Platform Selection
Evaluate Platforms
The first step in selecting a blockchain platform is to evaluate various options based on cost, speed, and scalability. This includes researching the technical specifications of each platform, analyzing their transaction fees and processing times, and evaluating their security features. It’s also important to consider the community support and adoption rate of each platform.
Choose Polygon
After evaluating various blockchain platforms, the team selected Polygon as the most suitable option for the project. Polygon is a Layer 2 scaling solution for Ethereum that offers fast and cheap transactions, making it an ideal platform for building decentralized applications. The team chose Polygon due to its lower gas fees and fast transaction processing, which reduces the cost of using the SALVACoin platform and provides a better user experience. Additionally, Polygon offers strong community support and adoption rates, making it a reliable and stable platform for building SALVACoin.
User Persona
Demographics
Age: 28
Education: Bachelor's in Graphic Design
Status: Single
Occupation: Freelance Graphic Designer
Sophia Lee
BIO
Sophia is a freelance graphic designer who loves creating beautiful designs that communicate complex ideas in simple ways. She’s always on the lookout for new ways to improve her skills and grow her business.
Goals
- Find a stable and affordable cryptocurrency platform to invest in
- Use cryptocurrency for everyday transactions
- Participate in new blockchain-based ventures
Frustrations
- High gas fees on many popular blockchain platforms
- Limited adoption of cryptocurrencies for everyday transactions
- Complex user experience of many cryptocurrency platforms
Demographics
Age: 35
Education: Master's in Computer Science
Status: Married
Occupation: IT Manager
John Smith
BIO
John is an IT manager for a large multinational corporation. He’s responsible for managing the company’s complex IT infrastructure and ensuring that it runs smoothly.
Goals
- Use blockchain technology to improve the efficiency and security.
- Find a cryptocurrency platform that is scalable
- Invest in cryptocurrencies
Frustrations
- Limited scalability of many popular blockchain platforms
- High transaction fees for large volumes of transactions
- Limited options for investing in cryptocurrencies through traditional investment channels
Empathy Map
User Painpoints
Awareness
- Discover SALVACoin
- Visit website
- Explore online communities
Onboarding
- Click “Sign Up”
- Fill out form
Connect Wallet
- Link Metamask
- Buy SALVACoin
- Confirm transaction
Explore Platform
- Browse marketplace
- Purchase items
- Earn rewards
Provide Feedback
- Share experience
- Suggest improvements
How might we statements
make the process of purchasing SALVACoin simpler and more intuitive for first-time users?
incentivize users to hold onto SALVACoin for longer periods of time, and increase engagement with the platform?
create a more personalized experience for users on the SALVACoin platform, based on their unique interests and preferences?
Information Architecture
- Discover SALVACoin
- Sign up
- Connect wallet
- Purchase SALVACoin
- Confirm transaction
- Browse marketplace
- Earn rewards
- Provide feedback
High-Fidelity Design
Blockchain-Powered Coin
SALVACoin is a blockchain-based coin developed on the Polygon blockchain. Our team extensively researched ICOs to create a streamlined process that provided a more secure and efficient experience for users.
SALVA Store
Our marketplace provides users with a platform to access various products and services. Once users have purchased SALVACoin, they can access the SALVA store and use their tokens to buy products, earning rewards with every purchase.
Rewards System
Our rewards system provides users with additional SALVACoins when they hold a specific amount of tokens. The team created an algorithm that allowed users to earn rewards based on their token holdings, encouraging them to invest in the coin.
Low Gas Fees
Our choice of Polygon blockchain was based on the lower gas fees offered by the platform. The team analyzed various blockchain platforms and chose Polygon to ensure a cost-effective platform for users
Smooth Onboarding
Our team developed a smooth onboarding process that allows users to easily connect their Metamask wallet and purchase SALVACoins. We aim to provide a seamless experience that ensures users can quickly access the platform and start making transactions.
Feedback Mechanism
We developed a feedback mechanism to allow users to share their thoughts and experiences with the platform. This mechanism ensures that we can continuously improve the platform based on user feedback.
Build custom blockchain platforms that offer secure, scalable, and cost-efficient cryptocurrency transactions.
Contact Us
- F 337, Industrial Focal Point, Phase 8B, Industrial Area, Sector 74, SAS Nagar, Punjab 160055
- SCF 98, Phase 11, Sector-67 Mohali, 160062
- 651 N Broad St, Middletown, 19709, county New Castle Delaware, USA
- contact@ideausher.com
- (+1) 628 432 4305
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