“Eastern Europe’s hub for innovation”

Ukraine has a growing global tech scene and offers entrepreneurs the opportunity to kickstart their careers in blockchain app development. The country holds the sixth position in the global digital cryptocurrency market and can generate new revenue streams in blockchain app development.

According to a survey, the blockchain app market in Ukraine is growing and projected to generate substantial revenue of $154.1 million by the end of 2024, offering exciting financial prospects.

This data shows that investing in blockchain app development in Ukraine is an opportunity and a strategic move for businesses to expand to the next level.

In this blog, we will provide the blockchain app development cost in Ukraine and discuss the factors that can greatly impact the overall cost.

Quick Summary: This blog will help you estimate the blockchain app development cost in Ukraine and the factors that affect it. So dive in.

What is Blockchain App Development Cost in Ukraine?

To determine the blockchain app development cost in Ukraine, consider the various essential factors that can fluctuate the overall development cost. These include significant factors such as the development team, the number of features or functions, complexity, scalability, deployment platforms, infrastructure, maintenance, and the size of the blockchain app. The average cost of blockchain app development is around 330677 UAH to 1033367 UAH or more.

Without knowing the app’s requirements, we couldn’t evaluate the overall development cost.

So, here we provide the blockchain app development cost with complexity:

If you want to know more information about blockchain app development costs, get a consultation with a reputed blockchain app development services provider.

Major Factors Can Affect the Blockchain App Development Cost in Ukraine

If you want to avoid cost fluctuation, then deeply consider the major factors that can significantly impact the overall development cost. Here we provide the list of the top factors that can change the app development budget of businesses:

1. Functions and Features

Start with the functions and features. Paid premium features can greatly impact the overall development cost and cause major budget changes. Simple functions or features can be added within the average budget, but highly automated features can fluctuate the blockchain app development cost.

2. Security

Let’s come to the second factor: Blockchain application development needs high-security measurements to protect users’ sensitive data from unauthorized third-party access. These premium security restrictions can increase the cost of blockchain app development, and security protectors can charge fees yearly or monthly.

3. Maintenance

This third factor, maintenance, is one of the most crucial factors that can totally affect the cost of a blockchain app and also affect its features. It includes updating outdated features to the latest versions, domain renewal, user support, regular updates, licensing fees, and checking security measurements.

4. Development Team

Let’s move to the fourth factor: For a successful blockchain development platform, assemble a highly skilled development team with more experience in app development. Highly experienced developers can cost more than average experienced developers. So, hire app developers according to your project requirements and budget.

5. Design of UI/UX

End with the design of UI/UX. Designing is the most common factor that can increase the overall blockchain app development cost. A basic design with simple themes or layouts can be installed at an average cost, but a complex design can fluctuate the overall blockchain app development cost. So, choose the design of UI/UX according to the project’s visibility and budget.

How Much Does it Cost to Maintain a Blockchain App?

The maintenance cost is based on a wide variety of vital factors, such as performance optimization, customer support, fixing bugs or glitches, regular updates, and hardware or software costs. A high maintenance cost can greatly impact the development cost and fluctuate the cost of installed features or functions.

The cost to maintain a blockchain app is 15% to 20% of the overall blockchain app development cost. This includes extra costs such as SSL certificates, domain renewals, licensing fees, design updates, compliance updates, and compatibility updates.

Hire blockchain developers to maintain your blockchain app and receive regular security and content updates in a cost-effective budget.

How to Reduce the Overall Development Cost of Blockchain App?

Consider these reducing factors if you want to build a blockchain app on a cost-effective budget. Here, we provide the top reducing factors that can help businesses to easily develop blockchain apps in a selected budget:

1. Define Projects Requirements

Defining clear project requirements and preparing a sheet of features or functions that must be added to your project can help avoid the increasing cost of blockchain app development.

2. Develop an MVP

Building a Minimum Viable Product(MVP) can greatly reduce the overall development cost. It usually focuses on the core features of the app and observes user reviews and feedback to find new ways to improve.

3. Use Open-Source Frameworks

Using open-source frameworks can totally reduce the cost of blockchain app development. These include many popular frameworks such as Ethereum, Smart Blockchain, Hyperledger, and Stellar.

4. Outsource Development

In this, hire dedicated freelance developers with extensive experience and knowledge. Outsourcing developers can charge less than professional developers, reducing the overall cost of blockchain app development.

5. Select Cost-Effective Platform

In this, choose the best platform to install incredible features and functions to attract more users globally. There are many cost-effective platforms, such as Web3.js, Rust, Solidity, and Hyperledger.

Why Choose Dev Technosys For Blockchain App Development?

In this blog, we discussed in detail the cost of blockchain app development in Ukraine and what factors should affect the overall development cost. We also produced the best-reducing factors that can help businesses make a blockchain app within cost-effective budgets. Investing in a blockchain app is a huge profit-making opportunity for businesses, offering robust digital currencies and more crypto coins.

If you want to build a blockchain app, consult with Dev Technosys, a leading blockchain app development company that provides efficient or reliable apps.

Frequently Asked Questions

1. What is the Cost of Blockchain App Development in Ukraine?

The blockchain app development cost in Ukraine is around $8,000 to $25,000, depending on various factors such as features, functions, complexity, and size.

2. How Long Does it Take to Build a Blockchain App?

Building a blockchain app with full functionality usually takes 3 to 8 months, depending on the project requirements and number of features.

3. How Much Does it Cost to Hire Blockchain Developers in Ukraine?

The cost to hire blockchain development developers is around 620 UAH to 1033 UAH and it depends on the developer’s experience level and location.

4. Which Technologies are Used to Build a  Blockchain App?

Most blockchain development companies use robust technologies to build a blockchain app. Here is the list of the technologies:

• Rust
• Java
• Solidity
• js