ROVI Ecosystem

Infrastructure and consumer DApp for Web3 mass distribution.

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Cryptocurrency

Industry

20 Experts

Team size

180 Days

Timeline

ROVI Ecosystem

Cryptocurrency

Industry

20 Experts

Team size

180 Days

Timeline

About ROVI

A group of serial entrepreneurs, crypto experts, and blockchain developers wanted to create a web3 ecosystem enabling the masses to transact using crypto money and tokens. To facilitate this, we build the world's largest Web3 distribution platform- “ROVI” using the $ROVI token.

It lets users create economic value through their time, attention, and social capital spent on Messaging, Social Communities, Information, and Communication use cases and get rewards for their efforts. The rewards can be used for products and services useful in their daily lives, generating value for businesses, and developers creating those utilities. It helps create passive income streams by participating/investing in the crypto economy. Distribute economic value among all the stakeholders of the ecosystem - users most importantly, developers, businesses, investors, and supporters.

Every functionality is implemented via different apps, creating a ROVI ecosystem. You can download these apps and literally “Text” “Pay” or “Play” into Crypto in under a minute. This is one of our successful projects in Blockchain that has gained immense popularity and is live with more than 100K users globally.

A group of serial entrepreneurs, crypto experts, and blockchain developers wanted to create a web3 ecosystem enabling the masses to transact using crypto money and tokens. To facilitate this, we build the world's largest Web3 distribution platform- “ROVI” using the $ROVI token. Users earn rewards for their activity across messaging, social communities, and more, which can be used for daily purchases, benefiting businesses and developers. ROVI facilitates passive income through crypto participation and distributes economic value among users, developers, businesses, investors, and supporters. Its various apps allow for easy texting, payments, and gaming, attracting over 100,000 global users.

Tech Stack

Implementation

To make things simpler, we created four core products under the ROVI ecosystem.

  • 1 M91 App
  • 2 ROVI Super Wallet (Web App)
  • 3 ROVI Keyboard
  • 4 ROVI Pay

Taking Crypto to Masses through Daily Lifeline Utility Rewards

World’s Fastest, Simplest P2P Crypto Payments- Simple yet fast payment for a mass-market user. No Frills. Pay any contact using the token directly.
Mini-Apps- We built mini-apps for daily utilities on top of payments, just like “WeChat Mini-Apps”. It lets you trade, Invest, Shop, Pay Bills, Book Tickets, etc. Built by Developers using APIs. We have included 30+ mini-apps (trade, TV, invest, gaming, and more) for more engagement and to earn rewards.
Consume or Burn Rewards/Tokens- Users can earn and burn their ROVI tokens across ecosystem Sustainable Economics driven by Revenues and fundamental value.

  • M91 App- Taking crypto to the masses through daily lifestyle utility rewards

Simplest Crypto Wallet built for the Masses. Currently available on web platforms, but coming soon for mobile devices as well.

Your Entry to Daily Life Crypto- Create a safe wallet using Gmail and a secure PIN, and claim your personalized unique name for the wallet. Share wallet link on messaging/email. Get paid
Buy, Sell, Trade Top Tokens- Buy/Sell BTC, ETH, and 400+ tokens. Withdraw your tokens in local currency in 100+ countries. Transfer tokens to any wallet in 1 click.
Win Daily Crypto with Social Games- Battles. Tournaments. Solo. Trivia. Slots. Use tokens in your wallet and win daily crypto. Make new friends on audio, video, and live chats.
Refer Friends and Earn Crypto- Refer friends in 1 click using your link. Earn crypto per referral who joins. Play with friends and have fun competing.

  • ROVI Super Wallet (Web App)- Simplest crypto wallet built for the masses. Currently available on web platforms, but coming soon for mobile devices as well.

Converting existing Messaging as a gateway to Crypto for Masses

Integration- it works on any Messenger like WhatsApp/Telegram web apps. Install the app, and get ready to earn rewards.
Reward redemption- Redeem rewards on daily life utilities
ROVI conversion- Convert rewards to $ROVI crypto and use it via the super app platform.

  • ROVI Keyboard- Converting existing messaging as a gateway to crypto for the masses

Converting local shop payments as a gateway to crypto for the masses

Ease of operation- Create a prepaid card in 1 click and pay at any shop in fiat
Cashback- Earn rewards as cashback for each payment made using this app.
Real-world payments- Buy real-world shop assets linked to real sales and earn $ROVI token rentals for owned shop assets

  • ROVI Pay- Converting local shop payments as a gateway to crypto for the masses

Challenges

To onboard billions of users securely, our apps and platforms must be ready to scale accordingly. We faced several technical challenges while creating a vast ecosystem like ROVI, such as user access, interoperability, security, and ease-of-use interface for new users.

  • 01. Scalability
    We encountered scalability issues inherent in blockchain networks, hindering the mass distribution potential of our DApp. The increasing number of transactions led to congestion and slower processing times on the main blockchain.
  • 02. User Onboarding and Accessibility
    User onboarding presented a hurdle as the intricacies of managing private keys and wallet interactions posed barriers for users unfamiliar with blockchain technology.
  • 03. Interoperability
    Interoperability became crucial as our DApp needed to interact with multiple blockchain networks. Siloed ecosystems presented challenges in facilitating seamless communication between different blockchains.
  • 04. Smart Contract Security
    Smart contract vulnerabilities posed a significant risk to the security of our DApp. Potential exploits and vulnerabilities could compromise user funds and erode trust in the platform.

Solution

  • 01. Scaled Web3
    To reduce congestion and improve processing times on the main blockchain, we implemented the following solution.
    L2 scaling solutions: To address this, we leveraged Layer 2 scaling solutions by integrating sidechains and state channels into our DApp architecture.
    Offloaded transactions: We successfully offloaded a significant portion of transactions from the main blockchain. Techniques such as optimistic rollups and zk-rollups allowed us to process more transactions off-chain while maintaining the finality and security of the main blockchain.
  • 02. Easy onboarding and accessibility
    To reduce the intricacies of managing private keys and wallet interactions, we implemented the following solutions.
    Created MPC framework: We created our state-of-the-art MPC (multi-party computation) framework, where users don't have to worry about private keys. Users will just have to create one PIN to keep their data safe.
    Integrated Web3 libraries: Through seamless integration with Web3 libraries, users can now access our DApp without dealing directly with private keys. This streamlined onboarding process significantly improved accessibility, making our DApp more user-friendly for a broader audience.
  • 03. Streamlined data transfer
    To ensure seamless data transfer and communication across several blockchain networks, we developed the below solutions.
    Designed DApp: To overcome this challenge, we designed our DApp with cross-chain compatibility.
    Used interoperability protocols: Incorporating blockchain interoperability protocols, such as Polkadot or Cosmos, enabled our DApp to communicate and transfer data seamlessly across various blockchains. This approach expanded our reach and allowed for a more interconnected and interoperable decentralized application.
  • 04. Reduced vulnerabilities
    We implemented the below solutions to reduce a significant risk to the security of our DApp.
    Adopted various security measures: We prioritized smart contract security by implementing rigorous practices such as formal verification. Through formal verification methods, we mathematically proved the correctness of our smart contracts, minimizing the risk of vulnerabilities.
    Third-party security audits: Additionally, we conducted thorough security audits performed by independent third-party firms. This proactive approach helped identify and address potential vulnerabilities before deployment, ensuring the reliability and security of our DApp for mass adoption.
    In addressing these challenges, we overcame technical obstacles and laid the foundation for a more robust, scalable, and user-friendly DApp poised for widespread adoption in the Web3 ecosystem.
  • Leveraged Layer 2 scaling solutions, offloaded a significant portion of transactions from the main blockchain and used optimistic rollups and zk-rollups to process transactions faster.

  • Created our own MPC framework and integrated Web3 libraries. This significantly improved accessibility, making our DApp more user-friendly for a broader audience.

  • We designed our DApp with cross-chain compatibility and used interoperability protocols, such as Polkadot or Cosmos, to enable our DApp to communicate and transfer data seamlessly across various blockchains.

  • We prioritized smart contract security by implementing rigorous practices such as formal verification and conducted thorough security audits performed by independent third-party firms

Results

The ROVI protocol already shows the characteristics of a large distribution network and an economic value-generation platform due to its strong community and social elements. ROVI protocol has attracted 100s of thousands of users, a large portion of which belongs to Tier 2/3/4/5 cities and towns. Through our protocol, we would take Blockchain and Crypto to the masses in the most easy-to-use manner.

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100K+

Wallet globally

200k

Transactions per day, web3 benchmark

Multi-chain platform

Results

100K+

Wallet globally

200k

Transactions per day, web3 benchmark

Multi-chain platform

Get PDF