How much is the cost of building a blockchain exchange and what are the functions

"Blockchain" has been popular for a long time. Nowadays, there are professional positions of blockchain technical engineers. Various currencies in the currency circle need to be traded on exchanges. Exchanges are still the main digital asset currency trading place. Many people ask me. How much is the cost of building a blockchain exchange platform?
I believe everyone is also more concerned about the cost of developing and building a blockchain exchange platform. The following anonymous technology will introduce and analyze for everyone. First of all, we must know that there are many modes of exchanges.
What are there? For example, currency matching transactions (memory matching/server matching), over-the-counter OTC transactions (person-to-person and merchants), C2C transactions (there are multiple methods, there are points and then purchase, there are also matching point-to-point transactions, platform currency methods, etc.), Trading refers to some exchange modes such as mining (similar to Fcoin) and contract trading (OKcoin).
If you need to do an exchange, you must first understand how the price is generated? There is contrast to harm, so why is there high and low? There are also many news in the industry, security incidents in exchanges, and coin loss. How to avoid it? How can I guarantee that after I do it, I can really do it without problems? After going online, it will still be guaranteed in the later stage, instead of not being able to find the other party.
First of all, the exchange itself is not a one-shot transaction. It is very different from the commodities we know. The first consideration in the financial industry is safety. The most dangerous thing is if there is no safety support. Because after the platform operation is expanded, there are problems of large and small that need to cooperate with the developers many times, then the early selection is definitely very important. It is definitely more useful to solve the problem than to be able to talk about it. No matter how much you say, there is no problem. Solving is useless.
Let's analyze, how are exchange fees evaluated?
(1) Evaluation of functional models
such as currency, OTC, transaction mining, contracts, etc.
(2)
In addition to the large-scale system, the functional details are evaluated on the functional details
(3) The strength of selected developers
Personnel, technical experience, floor space, large and small enterprises, etc., so their expenses and costs are different. Large-scale developers may be higher because their expenses and costs are relatively high. However, the maintenance is good in the later stage of the cooperation and can be specially maintained. Small developers, although the cost is relatively low, but because of their few personnel, it is impossible to carefully maintain them later. Developers need to do other projects, to follow market changes, system upgrades, and new products research and development. , Inevitably need a lot of manpower time and energy to deal with.
(4) Off-the-shelf and customized
There are existing off-the-shelf systems or customized types, or customizing some functions you want on the basis of off-the-shelf, which will affect the final cost.
(5) Time factors
such as: Last year, the exchange rate may be a price, but this year the entire market may be relatively higher by one price. Many people don't understand this point. In fact, it can be analyzed like this: the system is to be upgraded and iterated to add new function modules. New functions will inevitably require time period, cost, personnel and other expenses, which will naturally lead to increased costs. Summary: Prices will vary with market conditions and market conditions over time. As the saying goes, it’s better to hit the sun than it is to choose a day.
(6)
It is difficult to get an accurate price in the early stage of detailed functional requirements assessment . Unless you list the functions and ideas of the entire project at the beginning and sort out the requirements, the quotation will be very accurate. Will not increase the cost later.
(7) Cost overlap.
In fact , the cost of financial industry exchanges is not low. If you ask a lot of companies whether they are high or low, some developers may give you a low cost. However, when you do it, Some fees will be added unknowingly, and they are in a state where you can’t do anything about them. Some of them may be necessary. Otherwise, you won’t be able to go online. Later, I found that the cost was even higher, so it is better to list out your detailed requirements at the beginning, take into account some circumstances, ask the developer more and put forward your own views and ideas.
(8) Expenses outside the project
The expenses of the exchange must be distinguished from other exchange-related expenses. For example, you need security and post-maintenance for the exchange, but the third-party defense is not part of the exchange. Domain names and servers are also third-party. These are generally not part of the scope of exchange developers, but they are all required. Other costs also need to be considered. For example, how to calculate the subsequent maintenance, the developer generally has a standard, full maintenance, or the technology does not require much maintenance, remote technical support, upgrade packages, etc.
How can we choose to do this exchange, its value must be worth this cost?
As far as I know, if you want to be a better exchange in the blockchain industry, ranging from hundreds of thousands to tens of millions, this will naturally consume more depending on the scale of development. Thinking in another way: What do you think is the value of platforms such as Huobi, Binance, OKEX, and Zhongbi among the blockchain exchange platforms? In fact, the threshold is increasing every year.
Blockchain exchange development, blockchain trading system development, blockchain trading software development