Token-Based Accounting Software

basenode.io meets the growing market demand for using cryptocurrencies by small businesses and freelancers. The solution facilitates cryptocurrency payments for freelance gigs, allowing them to reach more customers, both locally and globally.

Industry
FinTech & Crypto
Technology
Google cloud, Docker, Python, Django, Kubernetes
Project scope
Backend development, Frontend development, Deployment
Country of origin
Germany
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Project overview

Until recently, we only heard about huge firms investing billions in crypto, but the trend has changed significantly. Today, small businesses and freelancers not only know how to buy and sell crypto, but more and more often they also seek getting paid with cryptocurrencies.

basenode.io is the answer to booming crypto market demands. It’s the all-in-one solution for getting paid with cryptocurrencies, accounting, keeping track of assets value held in multiple wallets, and integrating crypto seamlessly within your business.

Project highlights

team

Team members: 4 developers + 2 supporting devs

duration

Project duration: 8 weeks

crypto1

Cryptocurrencies: 30+

crypto-crypto1

Crypto-to-crypto invoicing

Challenges

Performance

Numerous cryptocurrencies, multiple wallets, and various tokens put a heavy load on the system.

Our approach to solve performance problems:

  1. We monitored performance in real-time using dedicated tools (like celery-flower),
  2. Then, we identified bottlenecks,
  3. Last, we reduced the number of tasks (task = request sent to the system); divide big tasks into smaller ones; increased the number of concurrent processes;
  4. If needed, we repeated steps 1,2,3 until we have found a perfect solution.

Now, the application works quickly and flawlessly, no matter how much data it has to process.

Real-time portfolio overview

The user has to get a real-time overview of their assets. Every transaction is valued in your local currency at the exact market price at the time of occurring. For us, it means that we have to follow live all networks like Polygon, Bitcoin, Ethereum, and Binance Smart Chain. We used Bitquery Blockchain API to support the software and make it simple to work with multiple networks.

Solution

basenode.io natively integrates token-based payments and is an all-in-one solution combining essential accounting features and invoicing. Software is developed in a way to provide reliable accounting services without storing any personal data.

Key features

portfolio

Real-time portfolio overview

basenode.io lets the user track the portfolio value in real-time and get an overview of all assets.

wallets

All wallets in one place

The essential feature for this solution is to connect, group, and organize addresses from multiple ledgers.

contact

Add & organize contacts

The user can add contacts to quickly identify transaction partners with certain wallet addresses and preselect them when using invoice generation.

reports

Reports

The system allows creating and exporting reports to meet accounting requirements in just one click.

invoiving

Invoicing

basenode.io lets users create crypto-to-crypto invoices and send them to their clients.

Metamask

Metamask integration

To pay the invoice, the system allows users to access their wallets on Metamask, ensuring the very best price with the lowest network fees.

mode

Dark mode

A simple feature that lets users change the background color of an app window to black to save energy and reduce blue light emitted from the phone to prevent eye strain.

Used technology

The tech stack:

They understood exactly what we wanted to build

We were looking for an agile development team that has gained experience in the field of building Blockchain related Web applications. Ulam Labs understood exactly what we wanted to build and handled the sprints professionally. I would definitely choose them again for future projects.
Oliver Schantin
CEO and CoFounder of basenode.io

And that’s all...

Now, it’s your turn! Are you excited to start the process and learn more about your journey with Ulam Labs? Don’t hesitate to contact us with your questions.

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