CryptoScribe
Crypto Scribe writes sourced news updates for over 100 crypto assets, crypto exchanges, government regulations, and Initial Coin Offerings (ICOs).
They have over 100+ crypto profiles that include live charts, daily and weekly percentages, volume, 52-week highs and lows, and other metrics in both USD and BTC.
Handling Cryptocurrency with APIs
To handle the cryptocoin data, we integrated our systems with APIs that helped in building a web app which displayed the information about each coin and updated every 10 seconds.
The API helps in getting free cryptocurrency live pricing data, OHLC historical data, volume data, tick data or block explorer data from multiple exchanges and blockchains. We integrated with over 90 exchanges, 1800 coins and have over 22,000 trading pairs listed.
Whether the user wants the live streaming data or historical tick data, we provided one stop for the whole cryptocurrency space.
Payment Gateway
To give the user a hassle-free experience in making payments, options like credit card, debit card, and PayPal were included.
Payment through credit card and debit card was linked to the banks. Payment through PayPal was added to enable any user with an email address to securely, easily and quickly make payments online.
PayPal's service builds on the existing financial infrastructure of bank accounts and credit cards and uses advanced proprietary fraud-prevention systems to create a safe, global, real-time payment solution.
Handling Live Data
We added APIs for the handling of live charts and data that changes every minute. Cron Jobs was used to handling the live data running on the website.
We used relational database management system to easily handle a large amount of data. Time Series Databases are optimized for storing and working with a series of values that change in time.
Trend Lines
Trend lines, or the typical direction that a coin is moving towards, can be most beneficial for traders of crypto. A trend line connects at least 2 price points on a chart and is usually extended forward to identify sloped areas of support and resistance.
Lines with a positive slope that support price action show that net-demand is increasing. Lines with a negative slope that act as resistance to the price action show that net-supply is increasing. As long as the price action stays under this line, we have a bearish trend
A tool named TradingView was used that allowed users to visually identify trend lines on a chart. This tool can also be used to illustrate trends on indicators
Getting more Subscriptions
To gain the number of subscriptions and their trust we included a option for providing a free trial option for 7 days. The visitor would need to sign up on the web app and can avail a free demo for 7 days.
This helped in gaining more subscriptions as the visitors started to build trust with the brand.
Result
The crypto scribe website was launched successfully. They gained over 100+ subscribers in a small span of time after the launch of the website.
A good number of new users are connecting to them on a daily basis. After receiving such response, the company is now looking forward to launching its own mobile application.