Cost to Build a DEX like Pancakeswap
The average cost to build a DEX like Pancakeswap will be around $10,000. But, wait, this is not the exact cost, because various factors are there that influence the cost. Also, based on your choice of features, functionalities, and plugins in the DEX marketplace, the cost can differ. Let’s see the reasons that influence the cost.
Factors Influence the Cost of Building a DEX like Pancakeswap
1.Project Complexity
Even though you want to build a DEX like Pancaksewap, as per your business and marketing needs, you tend to add additional features and plugins. As much as more features are included, the cost can differ simultaneously. The DEX platform Pancakeswap already has various features like staking, swapping, and yield farming for ROI generation. But you can also add other features as per your business specifications.
Other than these, wallet integration, smart contract development, solidity language, blockchain to be selected and new native tokens also influence the cost.
*2. Security Features *
Security features for the DEX platform must be provided properly to avoid any scams and hacks. To protect the respective platform from fraudulent activities strong security features like SSL protection, immutable smart contract, advanced Decryption, server-side entry forgery features, and in-built SSL encryption are implemented. The cost can be varied based on integrating these high-end security features.
*3. Technology Stack *
The primary need to develop a DEX project is the Technology stack. It comprises platform compatibility, U1/UX design, API Integration, and Tools.
Platform compatibility – It is nothing but in which forms you are going to provide your marketplace. You can create your DEX platform that is compatible with Linux, iOS, and Android versions.
API integration – This is responsible for the seamless execution of your DEX. API integration is an essential need to launch your DEX platform without any hassles.
Store-front Tools – Various front-end and back-end tools are used to build a DEX like Pancakeswap.
UI/UX Design – The user-friendly dashboard is an important factor that grabs the attention of users. Hence, you must give enough importance to the development of an attractive and enriched user dashboard.
4. Development Company
When you tend to develop your DEX like Pancakeswap, you need to approach a Decentralized Exchange Development Company that has an intelligent set of developers with experience. Based on the number of experts, crypto developers, and business analysts, the cost will be determined. The size of the developer team also plays a crucial role in cost estimation.
*5. Testing and Ongoing Maintenance *
Once the pre-development process is over, you must go with the testing process. The DEX marketplace undergoes a testing and debugging process to rectify and solve errors and bugs. This helps in the execution of the platform without any hassles. After the successful launch of the DEX platform, the development company provides you with ongoing support and maintenance.
Ongoing Support includes bug fixing, adding the latest version of the OS, upgrading third-party services, and code optimization. These services include additional costs.
6. Development Method **
The primary cost-deciding factor is the development method. Here, two different methods are employed to **launch a DEX platform.
Creating from Scratch
When you decide to launch your DEX from scratch method, you have to develop your DEX from the beginning. That means you are the one to decide the UI/UX design, technology stack, and others. This is a tiring method where it takes around 10 to 12 months for the completion of your project. Also, it nearly costs around $1,00,000 which is expensive.
*Adopting a Pancakeswap Clone *
Due to these reasons, it is better to adopt the White-label software of the Pancakeswap DEX platform. The white-label software is a pre-designed and multi-tested solution replicating the features, functionalities, and plugins of the Pancakeswap DEX platform. By adopting the Pancakeswap clone app, you can launch your DEX which will be similar to Pancakeswap. Even with exponential features and plugins, the approximate cost will be up to $25,000 and does not go beyond that.
Top comments (0)