CASE STUDY
BITCOIN LIVE
Providing original and unique actionable information and education by analysts on everything Bitcoin and crypto related.
BITCOIN LIVE IS ABOUT A COMMUNITY OF PASSIONATE TRADERS WHO WANT TO SUCCEED MAKING MONEY ON CRYPTOCURRENCY.
BitcoinLive’s founder had envisioned an investment-centered community platform where proved investment experts shared knowledge and timely tips to help users make educated decisions in the cryptocurrency stock market.
To this end, the platform’s content would include investment alerts, posts, and webinars. Access would be determined by a stratified subscription system. Users would be able to get a subscription through a billing system able to take both credit card and Bitcoin payments. Scheduled webinars featuring live and archived video streams, screen sharing capabilities, chat and viewing statistics would be the platform’s ultimate content. While the administrators would count with an administrative interface, able to track subscriptions, billing transactions, and payments.
Several challenges were evident from the client’s vision. Credit card payment security features, the integration of Bitcoin payments, video streaming features, a notifications system able to reach thousands of users within fractions of a second. All the while ensuring the platform’s uptime and performance.
Even though, having contributors as a specialized partner-like roles complicated content-editing access and required additional interfaces, developing a post and alerts content-based platform was the easy part.
LionMane developed a flexible subscriptions system that allowed for expansion. This way, the implementation of new payment services was possible. Integrating Stripe based credit card payments meant more security and visibility while Bitcoin payments through a self-served BTCPayServer meant more control and trust over wallet operations. Subscriptions also required a number of additional features such as coupons, discounts, refunds, and comp-offs.
Platform management tasks were handled through the administrative interface. Such interface allowed administrators to manage users, subscriptions as well as system configurations. The administrative interface was also extended to provide administrators with the means for platform reporting and analysis.
Now, the other main aspect of the platform, Webinars. LionMane partnered up with OpenTok. Webinars and chat interfaces and services were built from scratch and then put on top of OpenTok’s Tokbox, this allowed for a dedicated, reliable and scalable video streaming service that also permitted having all video streams stored in a BitcoinLive owned AWS S3 (storage) bucket.
BitcoinLive went live in June 2018 and acquired over 700 users just in its first week.
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