overview

About OMAXX Crowdfund

OMAXX's objective was to create a decentralized equity crowdfunding autonomous organization (DAO) that enables startups to raise cryptos to fund their startups and enables investors to invest in cutting-edge unique startups securely. One of the main challenges was to create a blockchain-based secondary market platform to address equity crowdfunding post-investment issues. This required the tokenization of shares, the listing of tokenized shares, pricing of shares, matching of buyers to sellers, buying and selling of tokenized shares, share transfers, currency transfer, clearing and settlement, voting, monitoring and management of the governance, expenditure, compensation of entrepreneurs and managers post-investment.

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what we crafted

Design & Solution

Nordivo worked with OMAXX to develop a custom solution utilizing several ERC-20 smart contracts and blockchain technology, including Ethereum and Binance Smart Chain. The solution included custom tokenomics & business logic, and used Solidity, ReactJS, NodeJS, Express, MongoDB, Heroku, and Amazon Web Services (AWS) to build a secure and transparent crowdfunding platform. The decentralized application (DApp) also has metamask and moralis wallet integration.

Nordivo's implementation of the OMAXX ecosystem involved the development of a sophisticated decentralized application (DApp) that streamlines the tokenization of shares, listing and pricing of tokenized shares, matching buyers with sellers, facilitating transactions of tokenized shares, share transfers, currency transfers, clearing and settlement, voting, and monitoring and management of governance, expenditures, and compensation for entrepreneurs and managers post-investment.

The solution employs scalable APIs with seamless blockchain integrations, wallet integrations (i.e., Metamask), and several smart contracts, including ERC-20 and custom tokenomics and business logic, to ensure a secure and efficient experience for users. Moralis integration further enhances the platform's functionality, providing real-time data, notifications, and user authentication.

To guarantee reliable performance and scalability, the cloud infrastructure was built on both AWS and Heroku, delivering a dependable and robust platform for startups and investors worldwide.

Result

Final Outcomes

The OMAXX ecosystem provides a secure and transparent crowdfunding platform, utilizing blockchain technology and ERC-20 smart contracts. The solution enables startups to raise cryptos to fund their startups and enables investors to invest in cutting-edge unique startups securely. The tokenization of shares, the listing of tokenized shares, pricing of shares, matching of buyers to sellers, buying and selling of tokenized shares, share transfers, currency transfer, clearing and settlement, voting, monitoring and management of the governance, expenditure, compensation of entrepreneurs and managers post-investment are all handled on the platform, providing a seamless and efficient experience for all users. Nordivo's custom solution enabled OMAXX to achieve its objectives and create a secure, efficient, and scalable ecosystem for equity crowdfunding.

Working with Nordivo, OMAXX was able to create a decentralized equity crowdfunding autonomous organization (DAO) that provides a secure and transparent crowdfunding platform. The combination of blockchain technology, ERC-20 smart contracts, and Nordivo's expertise in custom software development ensured a high-quality solution. Contact Nordivo to learn more about the OMAXX case study and how Nordivo can help your business leverage the power of blockchain technology.