We are often asked how much it will cost to develop a project using Blokchain, and as a rule the whole project description provided fits in 2-3 paragraphs. Of course, based on such little information, it is unrealistic to estimate the cost of developing a project. At the same time, we managed to form approximate benchmarks for the cost of Blockchain projects:
|Web wallet developent||from $16 000|
|Cryptocurrency Exchange development||from $30 000|
|Cryptocurrency Coin issue||from $25 000|
|Smart contract development and Token issue||from $3 500|
|ICO site development||from $9 000|
|ICO full service||$100 000-$500 000|
To determine the exact cost of the project, we always suggest starting with the formation of a detailed project description. Within the terms of reference, it is possible to estimate the number of hours that will be required to spend on the development of the project and calculate the total cost, multiplying the number of hours for the rate. The average Blockchain developers rate is $50- $70 per hour, but in some cases may be as high as $ 100.
The development of a complete technical assignment is the most important part of the project! Please do not neglect it. The cost of developing a terms of reference document for blockchain projects is usually $ 4-5,000.