Tried with this idea with cyclos about 2-3 months ago but failed and that its based on java is not so good.
What was the biggest technical hurdle you ran into?
Some parts of software are useless so removed. Integration was with bitcoind(somewhat) but it required bitcoind should be run continuously. So I finished it there because running on java is not a good idea. I am looking for some php alternative. So stopped there and deleted everything