{"data":{"type":"company_profile","id":60299,"entity_id":"wefunder:company:60299","attributes":{"canonical_url":"https://wefunder.com/digifox","generated_at":"2026-06-23T07:58:02Z","updated_at":"2026-06-23T05:01:28Z","entity_ids":{"company":"wefunder:company:60299","slug":"wefunder:company_slug:digifox"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-23T07:58:02Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-23T05:01:28Z","as_of":"2026-06-23T07:58:02Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-23T05:01:28Z","as_of":"2026-06-23T07:58:02Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-23T07:58:02Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-23T07:58:02Z","confidence":"medium"}}},"company":{"id":60299,"entity_id":"wefunder:company:60299","slug":"digifox","name":"Digifox","tagline":"Digifox - Get paid in crypto and earn interest like never before","elevator_pitch":"Digifox allows everyone in the US to receive a portion or all of their income in the form of popular cryptocurrencies, like bitcoin, irrespective of their employer. You can get paid in bitcoin, ethereum, and litecoin, all while earning up to 5% interest annually on your crypto assets.","story":"At current inflation rates, $1000 today will be worth $496 in ten years.Inflation is a clear and present crisis. And for the past few years, the headlines have been flooded with stories of celebrities opting in to get their salaries paid in crypto - as an inflation hedge. However, there wasn't a way for everyday people to do the same. We aim to change that.Many people, including celebrities, musicians, and athletes have turned to cryptocurrencies, like bitcoin, as a means to hedge inflation by receiving their pay in crypto. For example, if you were to get paid\u0026nbsp;$200 of your salary in the form of\u0026nbsp;bitcoin every two weeks, for two years (starting in December 2019), your original income\u0026nbsp;of\u0026nbsp;$10,600 would have grown to $40,000, a near 4x of the original amount invested.However, this ability to get paid in crypto has been mainly exclusive to high-level individuals. And on top of that, the vast majority of employers have yet to integrate\u0026nbsp;a payroll solution that allows\u0026nbsp;their employees to get paid in crypto. That is, until now...Get Paid In\u0026nbsp;CryptoDigifox will soon give everyone in the United States the ability to receive their income (or a portion)\u0026nbsp;in the form of cryptocurrencies, irrespective of their employer. With Digifox, you can receive a portion of\u0026nbsp;your pay in bitcoin, ethereum, and litecoin, all while passively earning up to 5%\u0026nbsp;interest on your assets. That's right;\u0026nbsp;Digifox will be the first\u0026nbsp;app that allows you to both get paid in crypto and immediately deposit it into a yield generating account, compounding your crypto holdings over time with ease.How Do We Do It?First, we\u0026nbsp;start with the fun stuff.\u0026nbsp;You'll initially\u0026nbsp;be asked what dollar amount of your payroll you wish to receive in the form of crypto, what coin(s) you'd like to be paid in, and the percentage allocation of each coin, if you end up\u0026nbsp;selecting more than one.Second, you\u0026nbsp;will then\u0026nbsp;be requested to provide\u0026nbsp;some essential details, in order for our partners to conduct proper identity verification (KYC or know-your-customer), which is required by law.And finally, once you're\u0026nbsp;approved, it's time for the final step. By this point, we've\u0026nbsp;generated a unique bank account, just for you, that you need to share with your employer in order to receive funds to your\u0026nbsp;account.\u0026nbsp;Whether by means of using your online payroll service provider or emailing your HR department, you share the essential banking details and dollar amount, and if they receive it properly, you should be all good to go. To put it simple, any dollars\u0026nbsp;that arrive into your GPIC bank account will be converted into crypto.Our CEOHow Do We Stand Out?\u0026nbsp;Digifox is focused on excelling in areas where others fall short. We provide world class customer support to our users, interest-earning capabilities allowing those who get paid in crypto to earn up to 5% interest on their crypto assets, and the ability to get paid in more than one crypto, allowing them to diversify their exposure to crypto.Go-To Market StrategyWith immediate exposure to an audience of over 500,000 subscribers, Digifox will have a great launch pad to bring in users to Get Paid In\u0026nbsp;Crypto. And we'll accelerate early adoption even more by tapping into our network of influencers, launching a passive referral income program post-launch, and eventually scale to hundreds of thousands of users through our employer program, where we'll work to streamline offering crypto payroll for employers eager to provide this service to their employees.TractionThe Future AheadAt Digifox, we're always thinking about the rode ahead and how we can improve upon our existing features.IRA AccountsIndividual Retirement Accounts\u0026nbsp;(IRAs) could serve as rocket fuel to take\u0026nbsp;Get Paid In\u0026nbsp;Crypto to the mainstream. IRAs give US citizens the ability to contribute $6,000-7,000 of their income each year into a tax-deferred account, freeing them of the short-term worries of income taxes, as well as capital gain taxes on any sales or trades\u0026nbsp;they make.We've already begun conversations with IRA partners, and are targeting\u0026nbsp;to offer this capability to our users\u0026nbsp;in 2022 to make Get Paid In Crypto as simple as possible.Smart GPIC*Official launch date to be determinedGet Paid In\u0026nbsp;Crypto (GPIC) offers everyone the ability to get paid in crypto. And while this is great, we want to make sure our users have the ability to go beyond that, maximizing their potential returns, while also mitigating risk.Smart GPIC will utilize\u0026nbsp;a set of input parameters which determine when it’s an optimal time to get paid\u0026nbsp;more or less in crypto. These parameters include market sentiment and models based on on-chain analysis.More details will follow in the coming months.","location":"Bradenton, FL","website":"https://digifox.finance","total_amount_raised":652926,"total_investors":983,"is_funded":true,"is_active":true,"quality_score":5,"related_urls":["https://wefunder.com/digifox","https://digifox.finance"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/60299/xxl_cropped_Merten_Nicholas-03.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/60299/large_cropped_logo-filled-dark-text.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/60299/standard_cropped_Merten_Nicholas-03.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/60299/standard_cropped_Merten_Nicholas-03.jpg","profile_video_url":"https://wefunder.wistia.com/medias/h40n1ncmre"},"links":{"company_url":"https://digifox.finance","twitter_url":"http://twitter.com/Digifox_Finance"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"📈 Founded by the creator of DataDash, one of the top crypto YouTube channels with 500,000 subs"},{"index":2,"claim_id":"claim-fact-2","value":"✔️ Our app is fully built and live on both iOS and Android with 30,000+ downloads"},{"index":3,"claim_id":"claim-fact-3","value":"💱 Q2 is our goal for Digifox to allow anyone in the US to receive a portion of their pay in crypto"},{"index":4,"claim_id":"claim-fact-4","value":"💰 We generated over $350K in revenue during our first year \u0026amp; managed $7.5M AUM over the past year"},{"index":5,"claim_id":"claim-fact-5","value":"👨‍💻👩‍💻 Digifox is 21 members strong and growing"},{"index":6,"claim_id":"claim-fact-6","value":"💭 Advised by Zeb Evans, founder of Clickup.com \u0026amp; John DeVadoss, architect for .NET at Microsoft"},{"index":7,"claim_id":"claim-fact-7","value":"⚡ DataDash is ready to promote Digifox day one, giving exposure to over 200,000 weekly views."},{"index":8,"claim_id":"claim-fact-8","value":"📢 Digifox has an influencer network of over 1+ million followers, giving us great reach from launch"}],"team":[{"id":913212,"entity_id":"wefunder:company_role:913212","user_entity_id":"wefunder:user:805267","role":"founder","name":"Nicholas Merten","title":"Founder \u0026 CEO","bio":"The Founder and CEO of DataDash, one of the largest YouTube channels for cryptocurrencies with over 500,000 subscribers globally.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/913212/square_cropped_Merten_Nicholas-02.jpg?1682016871","profile_url":"https://wefunder.com/nicholasmerten","personal_url":"http://nicholasmerten.com","linkedin_url":"https://www.linkedin.com/in/nicholasmerten/","twitter_url":"https://twitter.com/Nicholas_Merten","related_urls":["https://wefunder.com/nicholasmerten","http://nicholasmerten.com"]},{"id":2647535,"entity_id":"wefunder:company_role:2647535","user_entity_id":"wefunder:user:2582755","role":"employee","name":"Hope Anderson","title":"Head of Operations, Client Success, \u0026 HR","bio":"Hope has almost 4 years of tech startup experience. She has extensive experience in the area of sales, operations, and customer support and she is passionate about providing the best possible service to our users.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2647535/square_cropped_Headshot.jpg?1649184960","profile_url":"https://wefunder.com/hope.anderson","related_urls":["https://wefunder.com/hope.anderson"]},{"id":2058347,"entity_id":"wefunder:company_role:2058347","user_entity_id":"wefunder:user:1693320","role":"employee","name":"Konrad Mainzer","title":"Lead Engineer","bio":"As an ex-Microsoft, Toyota, and KPMG employee, Konrad has 20 years of experience leading teams through difficult challenges, as well as building complex solutions for startups and enterprise brands.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2058347/square_cropped_TL40SKRCM-U01NNVBQLSV-9a2414f75d24-512.jpg?1649184949","profile_url":"https://wefunder.com/konrad.mainzer","related_urls":["https://wefunder.com/konrad.mainzer"]},{"id":2058348,"entity_id":"wefunder:company_role:2058348","role":"employee","name":"James Head","title":"Product Manager","bio":"James brings a decade's worth of experience in Agile development to the Digifox team. Designing UX solutions since 2011, he's partnered with companies like Kodak, Alaris, Xerox, and Bose.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2058348/square_cropped_TL40SKRCM-U01PJE79JLB-b1d66f26690f-512.jpg?1649184946","related_urls":[]},{"id":2058352,"entity_id":"wefunder:company_role:2058352","role":"employee","name":"Jana Petkanic","title":"Business Development Associate","bio":"Jana Petkanic is a 5 year experienced consultant specializing in cryptocurrencies and DeFi. Once the largest cryptocurrency events organizer in the Netherlands and advising various crypto startups. she's gained a wide range of experience in the field","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2058352/square_cropped_TL40SKRCM-U01FNDMTDPX-9927f2cb8310-512.jpg?1649184942","twitter_url":"https://twitter.com/0xFintech","related_urls":[]},{"id":2058349,"entity_id":"wefunder:company_role:2058349","role":"employee","name":"Julius Lattke","title":"Lead UX Designer","bio":"Working for dozens of leading brands, including Dr. Pepper, Armor Games, and RXGW, Julius excels at delivering premier designs. He's helped lead in building the designs for both Get Paid In Crypto and Digifox University.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2058349/square_cropped_TL40SKRCM-U01NH86231B-268008a09d91-512.jpg?1649184938","related_urls":[]},{"id":2522433,"entity_id":"wefunder:company_role:2522433","role":"employee","name":"Eugene Fernandes","title":"Marketing Manager","bio":"At his previous company, Podscribe, Euguen helped to grow their socials from the ground up through organic means. At Digifox, he consistently creates engaging content, manages socials, and has booked Mayor Francis Suarez on our podcast.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2522433/square_cropped_TtYvNsqr_400x400.jpg?1649184936","related_urls":[]},{"id":913330,"entity_id":"wefunder:company_role:913330","user_entity_id":"wefunder:user:812067","role":"employee","name":"Zeb Evans","title":"Technical Advisor","bio":"Zeb is the Founder \u0026amp; CEO of ClickUp.com, a $4 billion dollar productivity platform. Sharing his insights on organic marketing and scaling engineering teams, he's helped serve as a guide for Digifox's success.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/913330/square_cropped_0.jpg?1649184936","profile_url":"https://wefunder.com/zebevans","linkedin_url":"https://www.linkedin.com/in/zebevansclickup/","twitter_url":"https://twitter.com/DJ_CURFEW","related_urls":["https://wefunder.com/zebevans"]}],"featured_investors":[{"id":4629,"entity_id":"wefunder:company_investor_profile:4629","investor_profile_id":2030508,"investor_profile_entity_id":"wefunder:investor_profile:2030508","subject_entity_id":"wefunder:user:2554055","name":"Alan Graves","bio":"Founder turned VC","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/2554055/medium_blob.jpg","profile_url":"https://wefunder.com/alangraves","investment_total":500000,"investment_info":"Invested $500,000 this round","is_lead_investor":true,"related_urls":["https://wefunder.com/alangraves"]}],"investor_memos":[],"tab_counts":{"posts":0,"ask_questions":138,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":42742,"entity_id":"wefunder:fundraise:42742","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"equity","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":5000000.0,"funding_started_at":"2021-06-18T19:32:06Z"},{"id":34465,"entity_id":"wefunder:fundraise:34465","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":100000.0,"funding_started_at":"2020-05-29T00:12:24Z","funding_closed_at":"2020-10-03T05:02:06Z","auto_close_at":"2020-10-03T03:59:59Z"}],"latest_fundraise":{"id":42742,"entity_id":"wefunder:fundraise:42742","state":"successful","offering_type":"4(a)(6)","structure":"ttw","testing_the_waters":true,"can_invest_now":false,"funding_started_at":"2021-06-18T19:32:06Z","funding_closed_at":null,"terms":{"eb":null,"nb":"$18.1M","txt":"valuation cap"}},"recent_posts":[],"q_and_a":[{"id":92776,"entity_id":"wefunder:comment:92776","question":"Hi, I don't see the 15.3M valuation of Digifox. Digifox has $0 revenue. Even you have a market-ready app for both IOS and Android application, this doesn't mean Digifox will be successful. A+","author_name":"Tan Quan Nguyen","votes":7,"created_at":"2020-06-08T23:42:54Z","canonical_url":"https://wefunder.com/digifox#question-92776","answers":[{"id":92891,"entity_id":"wefunder:comment:92891","answer":"Hey Tan, here are the key values we used to determine our valuation. 1. As you mentioned, we've built a market-ready app for both iOS and Android. 2. We have thousands of pre-registered users for the app. 3. Rather than providing one single service, we provide a range of different services, giving us higher revenue potential. 4. I'll personally be sharing the app on my YouTube channel, bringing Digifox to an audience of over 344,000 subscribers. 5. Our customer acquisition cost is extremely low, giving us the strategic ability to scale from less capital, and focus on implementing new features at a more frequent pace. Hopefully this clarifies things. But just speaking to your concerns earlier, if revenue is essential, we unfortunately haven't generated any yet, as our official launch is set for June 15th.","author_name":"Nicholas Merten","votes":3,"created_at":"2020-06-09T20:07:48Z"}]},{"id":93658,"entity_id":"wefunder:comment:93658","question":"Hello Nicholas, I like the idea and have no doubt you'll be able to promote it to a wide audience. However, you have very few engineers and reading some of the questions, there seem to be some technical issues with the new app which doesn't surprise me as I'm a software engineer... My question is, what stops me or anyone else with the starting capital from hiring 16 or 64 engineers, partnering with the same technology providers you use and making an app like yours but faster and with higher quality.","author_name":"Herman N.","votes":4,"created_at":"2020-06-15T21:00:29Z","canonical_url":"https://wefunder.com/digifox#question-93658","answers":[{"id":94543,"entity_id":"wefunder:comment:94543","answer":"Great question, Herman. This is my personal opinion, but I feel the same question could be applied to just about any industry, even segments of the crypto space. The real answer is vision. Startups tend to rise to success with the right team, gameplan, and roadmap. You can copy and paste a business model, toss endless amounts of engineers and cash at it, and get something off the ground. But you'll never be able to outpace the small group of people, working with minimal resources and drive that built what existed in the first place. I've seen it all too often when I worked in Silicon Valley, as well as during my time in the crypto space. Our vision differs from most in that we're constantly aiming to offer the best services at the lowest cost. We've had a few bugs at the start, I wouldn't deny it for a second 😄 But we just hired on our second developer and are rapidly scaling out the team with more like-minded individuals who share a real passion for bringing finance to billions across the globe. And so long as you keep that unique vision and company culture that are made up from the team members themselves, you have something that can't be truly copied in the long run. A bit philosophical, but I feel it's true.","author_name":"Nicholas Merten","votes":2,"created_at":"2020-06-21T00:53:38Z"}]},{"id":92595,"entity_id":"wefunder:comment:92595","question":"Hello, How you come with $15 and $18 Million Valuations ?? You have $0 revenues so i am trying to understand the justification for the valuation.","author_name":"Sagar Patel","votes":4,"created_at":"2020-06-06T02:39:28Z","canonical_url":"https://wefunder.com/digifox#question-92595","answers":[{"id":92597,"entity_id":"wefunder:comment:92597","answer":"Hey, Sagar. There are five elements that played a key role in determining our valuation: 1. We've built a market-ready app for both iOS and Android. 2. We have thousands of pre-registered users for the app. 3. Rather than providing one single service, we provide a range of different services, giving us higher revenue potential. 4. I'll personally be sharing the app on my YouTube channel, bringing Digifox to an audience of over 344,000 subscribers. 5. Our customer acquisition cost is extremely low, giving us the strategic ability to scale from less capital, and focus on implementing new features at a more frequent pace.","author_name":"Nicholas Merten","votes":2,"created_at":"2020-06-06T02:58:55Z"}]},{"id":94819,"entity_id":"wefunder:comment:94819","question":"Why do we need a lead inverter at 10% of our profits seems a bit expensive considering I invested without one. Is his $4000 investment not enough. Have you done any updates on digifox as yet, having a lot of issues with getting back into the wallet. And do living in the UK affect my investme t in anyway? I can reconfirm my deposit once I no more. all in all good idea","author_name":"Nicholas Lyons","votes":3,"created_at":"2020-06-22T23:08:36Z","canonical_url":"https://wefunder.com/digifox#question-94819","answers":[{"id":94895,"entity_id":"wefunder:comment:94895","answer":"Hey Nicholas, happy to clarify this: The 10% of profits comes into play not during this campaign, but if there is a profit from the investment (like an acquisition or IPO). As an example using simple math, if Digifox was sold for $100, and Wefunder investors as a whole owned 10% of it, they would be entitled to $10 of that profits. Then, the custodian and lead investor would take 10% (so $1) and the remaining $9 would go to Wefunder investors. This set up mimics carried interest/Partners in a Venture firm. Typically there will be a partner at the firm who leads the investment round, and is entitled to carried interest (typically 20% of what's invested) as payment for acting on behalf of the investors. There are a few reasons why this set up makes sense for investors: 1) It makes it so that someone acts on behalf of the Wefunder investors and is financially motivated to represent them (via their own investment in the company, and the additional profit sharing). 2) It means that all of the investors can be bundled into one line on the company's cap table, which will make it significantly easier to raise future rounds of capital. Put simply, this is a standard required by WeFunder for all crowdfunding campaigns that we have to follow, and thought it can be seen as a negative, it can also be a positive in order to make sure John properly votes on behalf of the crowd and helps to scale out Digifox. For updates, we're constantly putting posts on social media, talking to customers through our built-in support chat, and will be working on writing a blog post at the end of the month that we plan to distribute here on WeFunder! We've already got thousands of users and we've worked out many of the issues users were having at the start. If you're struggling to get into your wallet, please, reach out to us at https://digifox.finance and our team will help to resolve any issues you're currently dealing with! We hope you'll join us in this journey, and apologies for any of the confusion.","author_name":"Nicholas Merten","votes":1,"created_at":"2020-06-23T19:08:52Z"}]},{"id":93606,"entity_id":"wefunder:comment:93606","question":"Is there an option to remove phone numbers and use Authenticator-apps to avoid SIM-swap attacks?","author_name":"Oliver Grah","votes":3,"created_at":"2020-06-15T14:34:00Z","canonical_url":"https://wefunder.com/digifox#question-93606","answers":[{"id":93618,"entity_id":"wefunder:comment:93618","answer":"Hey Oliver, great question! We've had a few users mention this, and will work towards integrating this as soon as possible. Security is a top priority of ours at Digifox. Thank you for supporting us as well, we're happy to have you on board!","author_name":"Nicholas Merten","votes":2,"created_at":"2020-06-15T15:48:23Z"}]},{"id":199834,"entity_id":"wefunder:comment:199834","question":"I am in the USA can I invest? Thank you for all you in the Crypto World for us!!!","author_name":"Vito M","votes":2,"created_at":"2022-04-05T16:24:17Z","canonical_url":"https://wefunder.com/digifox#question-199834","answers":[{"id":201949,"entity_id":"wefunder:comment:201949","answer":"Hey Vito! Yes, US citizens can participate in the round! We'd love to have you on board, and thanks so much for the kind remarks.","author_name":"Nicholas Merten","votes":0,"created_at":"2022-04-20T18:31:21Z"}]},{"id":198938,"entity_id":"wefunder:comment:198938","question":"1) From what I can tell, the prior focus was on being a crypto wallet, but the company has now pivoted to making GPIC its primary business, correct? 2) When will we be able to see your financials for 2021? 3) More than a year passed without any investor questions being answered, nor does it appear that there were any updates from the company. Are you willing to commit to at least providing quarterly updates going forward?","author_name":"Kevin Hardman","votes":2,"created_at":"2022-03-31T02:42:30Z","canonical_url":"https://wefunder.com/digifox#question-198938","answers":[{"id":201932,"entity_id":"wefunder:comment:201932","answer":"Hey Kevin! 1) That's correct, Get Paid In Crypto (GPIC) will be our primary business focus. 2) We unfortunately won't be able to pursue the 2021 financials for this raise, mainly due to time constraints. We do plan to pursue them in the near future though. 3) Yes, we're aiming to a much better job this time around with Wefunder updates, whether it be smaller updates every month to quarterly updates that cover major shifts/updates in the company. Last year was difficult with the wave of technical debt we dealt with, and my #1 priority at the time was getting things resolved, which I'm confident to say we did. Hope this helps clear up any questions.","author_name":"Nicholas Merten","votes":0,"created_at":"2022-04-20T17:34:06Z"}]},{"id":153069,"entity_id":"wefunder:comment:153069","question":"Hi Nicholas. Do you know about accounts recovery problems of Digifox?? I can't access my funds because your app makes a front-end error and your support team suggest me delete Digifox and reinstall recovering my account. Then, I couldn't access any more!! Verification email arrives to me, verification sms arrives too but recovery process explodes. Can you help?! Please, I don't want to put bad comments on play store.","author_name":"PLEASE FIX!!!","votes":2,"created_at":"2021-06-08T02:35:04Z","canonical_url":"https://wefunder.com/digifox#question-153069","answers":[]},{"id":103956,"entity_id":"wefunder:comment:103956","question":"Hey Nicholas, I downloaded the app and it says \"waiting for wallet activation\" due to network congestion, we need to manually create your wallet, to help reduce costs. Your wallet will be ready to use in 24 hours.\" It's been about 3 days and it's still showing a wallet that keeps going in circles with the same message as above. I even deleted the app and then reinstalled it a day later and it's still giving me the same message. Any recommendation on how to get this resolved? Thanks in advance. And, btw, I did invest 2K but honestly I reduced it to $1,500 when I couldn't even get the app to work.:{","author_name":"Christina Truax","votes":2,"created_at":"2020-08-27T02:57:57Z","canonical_url":"https://wefunder.com/digifox#question-103956","answers":[{"id":104349,"entity_id":"wefunder:comment:104349","answer":"Hey Christina, Nick here! I'm deeply sorry for the inconvenience on this. We've actually held off on new wallet generations due to the high cost of transaction fees on the Ethereum network. Unfortunately, we were hoping to just generate them during a time in the day when the cost was lower, but it's still too expensive to generate at any time of the day, so we're currently working on a long-term solution to this issue that will be implemented in early September. Again, apologies for the confusion on this, and if you ever need anything in the future or have a question, you can always reach the team and myself through digifox.finance or through the app directly. Take care, Nicholas","author_name":"Nicholas Merten","votes":0,"created_at":"2020-08-29T20:02:04Z"}]},{"id":99107,"entity_id":"wefunder:comment:99107","question":"I have attempted to start using the app. It is not user friendly. Making a deposit is frustrating. Are you aware of these challenges and what is being done to fix them? Additionally I made a comment before but received no answer. Are you working on an informational page on the app. How to use it, what each feature is and how to optimize the experience? Until you do that the app is almost worthless. I will wait for one week, if there is no answer I am pulling my investment","author_name":"Brent James Knapp","votes":2,"created_at":"2020-07-25T15:29:12Z","canonical_url":"https://wefunder.com/digifox#question-99107","answers":[{"id":99148,"entity_id":"wefunder:comment:99148","answer":"Hey Brent, I'm sorry for the inconvenience on this. Nick here. We completely understand your frustration with making deposits. That's why we're making a complete upgrade to our banking/debit card on-ramp in August/September of 2020. Sadly, these limitations of poor user experience when making a deposit are due to the limited amount of deposit tools available on the market. We currently have our Help Docs section, built directly into the app. However, we're working on having an FAQ page on our site, doing tutorials, and featuring more community walkthrough material. Hope this helps, Brent! And sorry to hear about the confusion.","author_name":"Nicholas Merten","votes":0,"created_at":"2020-07-26T04:41:06Z"}]},{"id":96621,"entity_id":"wefunder:comment:96621","question":"hi, i invested and got the contract. thanks! contract is not signed from your site. where can i send it to get it signed?","author_name":"Simon Geerkens","votes":2,"created_at":"2020-07-04T19:36:01Z","canonical_url":"https://wefunder.com/digifox#question-96621","answers":[{"id":96979,"entity_id":"wefunder:comment:96979","answer":"Hey Simon! Nick here. I think the signing on my end is done once we actually receive your investment. Currently WeFunder is holding it in escrow, and once we close the investment, I'll be able to sign it and you should receive an equitable copy of the contract. If you have any questions about this though, don't hesitate to reach out to WeFunder at hello@wefunder.com Thanks for supporting us, it means the world!","author_name":"Nicholas Merten","votes":0,"created_at":"2020-07-07T20:10:57Z"}]},{"id":94718,"entity_id":"wefunder:comment:94718","question":"John Devados get 10 percent of what?","author_name":"Christian Behling","votes":2,"created_at":"2020-06-22T18:01:59Z","canonical_url":"https://wefunder.com/digifox#question-94718","answers":[{"id":94888,"entity_id":"wefunder:comment:94888","answer":"Hey Christian, happy to clarify this: The 10% of profits comes into play not during this campaign, but if there is a profit from the investment (like an acquisition or IPO). As an example using simple math, if Digifox was sold for $100, and Wefunder investors as a whole owned 10% of it, they would be entitled to $10 of that profits. Then, the custodian and lead investor would take 10% (so $1) and the remaining $9 would go to Wefunder investors. This set up mimics carried interest/Partners in a Venture firm. Typically there will be a partner at the firm who leads the investment round, and is entitled to carried interest (typically 20% of what's invested) as payment for acting on behalf of the investors. There are a few reasons why this set up makes sense for investors: 1) It makes it so that someone acts on behalf of the Wefunder investors and is financially motivated to represent them (via their own investment in the company, and the additional profit sharing). 2) It means that all of the investors can be bundled into one line on the company's cap table, which will make it significantly easier to raise future rounds of capital. Put simply, this is a standard required by WeFunder for all crowdfunding campaigns that we have to follow, and thought it can be seen as a negative, it can also be a positive in order to make sure John properly votes on behalf of the crowd and helps to scale out Digifox.","author_name":"Nicholas Merten","votes":0,"created_at":"2020-06-23T19:04:43Z"}]},{"id":94600,"entity_id":"wefunder:comment:94600","question":"Hi Nick, I have a worry about your later fund raising activities. Can you guarantee that future investors pay equal or more per SAFE / Digifox stock than us who invest in Digifox today so that our investment in Digifox SAFE/stocks doesn't get diluted? Thanks :)","author_name":"Harry James","votes":2,"created_at":"2020-06-21T14:24:06Z","canonical_url":"https://wefunder.com/digifox#question-94600","answers":[]},{"id":94452,"entity_id":"wefunder:comment:94452","question":"Dear Nicholas, 1. Is there a possibility of doing an prospective investor zoom conference? 2. Can you share your financial projections? Even though projections rarely match reality, it would let us evaluate your line of revenue/profit reasoning. 3. Other projects that, in my view, sound similar to yours (i.e. Crypto.com and Swissborg) have their own native token, to much success. Is this something you are planning to do? 4. On the SAFE contract, will we be allowed to participate pro-rata in subsequent rounds of financing to avoid massive dilution, if we so choose?","author_name":"Enrique Ho","votes":2,"created_at":"2020-06-20T06:37:07Z","canonical_url":"https://wefunder.com/digifox#question-94452","answers":[{"id":98123,"entity_id":"wefunder:comment:98123","answer":"Hey Enrique! 1. It depends on ticket size, as we can't promise all WeFunder participants to do a call. Feel free to reach out to us at our support window at https://digifox.finance for more details to see if we can setup a call. 2. We originally made financial projections, but decided to discard the pitchdeck, because as you mentioned, they're rarely accurate until you have your first quarter or so of revenue. We're happy to announce that we already have +6,000 users on the platform and around $300,000 in deposits. 3. We're open to creating a token for Digifox, but have no official commitment just yet. Above all, we'd have to maintain compliant and make sure it makes sense for our users. 4. I can't commit to this, as I'd have to consult with my advisors on it. To my knowledge though, the terms of the SAFE are established as is. Apologies on the delay getting back to you, and thank you for the great questions.","author_name":"Nicholas Merten","votes":0,"created_at":"2020-07-17T16:55:25Z"}]},{"id":93742,"entity_id":"wefunder:comment:93742","question":"Hi, Nicholas, As an investor from Europe, do we have to take any special actions to legally get the SAFE note (and eventually the stock equivalent)? Being a non-US investor with little experience in these series of rounds on investments, I wonder, basically, if it's the right step to take. Thank you for your work. JH","author_name":"João Henriques","votes":2,"created_at":"2020-06-16T13:39:46Z","canonical_url":"https://wefunder.com/digifox#question-93742","answers":[{"id":95870,"entity_id":"wefunder:comment:95870","answer":"Hey Joao! Apologies for the delay on getting back to you on this. To be completely honest, I'm not 100% certain. I highly recommend reaching out to the support team at WeFunder through hello@wefunder.com as they've been a major help for our investors in clarifying questions like this. From my understanding, you shouldn't have to take any additional steps, but it's best to check with them. In the meantime, if you need anything from my end, don't hesitate to let me know.","author_name":"Nicholas Merten","votes":0,"created_at":"2020-06-30T07:21:07Z"}]},{"id":93615,"entity_id":"wefunder:comment:93615","question":"Hi Nick - I like your idea and your startup. If I decide to invest into Digifox and this will kickoff - how will I benefit from my investment?","author_name":"Hugo Kroeger","votes":2,"created_at":"2020-06-15T15:40:17Z","canonical_url":"https://wefunder.com/digifox#question-93615","answers":[{"id":93632,"entity_id":"wefunder:comment:93632","answer":"Hey Hugo, great question. So if you invest in Digifox, you'll get what's known as a SAFE note. To put it in simple terms, it's a financial instrument that converts to stock once a company closes their Series A raise. So by investing, you're getting a future stake in the company. Hope this helps!","author_name":"Nicholas Merten","votes":1,"created_at":"2020-06-15T17:10:48Z"}]},{"id":201812,"entity_id":"wefunder:comment:201812","question":"(1) Why is crypto considered a hedge to inflation? Seems to be the opposite in recent months. The chart you shared for dollar cost average ends in November of last year when cypto market was at all time high, I find that misleading. (2) Who would you consider your biggest competitor in the space of getting paid directly to crypto account. (3) Is the 5% interest guaranteed, or can it change over time? (4) How do you earn the 5% to give to your account holders?","author_name":"Jeremy Kemp","votes":1,"created_at":"2022-04-19T21:08:08Z","canonical_url":"https://wefunder.com/digifox#question-201812","answers":[{"id":201933,"entity_id":"wefunder:comment:201933","answer":"Hey Jeremy! Great questions: (1) Happy to clarify on this. The reason for the cut-off in November is due to the fact that the chart on dcabtc.com, a free tool for measuring dollar-cost averaging, seems to have its API or data feed down at the moment, up until November. But even with the dip in prices since November, following the example mentioned, you would have heavily outpaced the S\u0026amp;P 500 or gold. Store-of-values can be volatile or change in price, but their main job is to guarantee your purchasing power for years to come. And bitcoin has routinely done a better job of this than any other major asset class over the past decade. I highly recommend you check out our latest article we posted on Wefunder, it covers this in a bit more detail. (2) Our biggest competitors would be companies like Coinbase or Strike. And while both are respectable companies, Coinbase lacks heavily when it comes to customer support, and Strike is limited to Bitcoin, blocking users who value diversity of exposure to crypto. (3) It can change over time, but usually remains between 2-5% for the assets we support. (4) It is earned through our partner, Celsius. They're one of the largest providers of yield generation in the crypto industry. They generate yield similar to how a bank does, by lending out deposits to borrowers. It's important to note that borrowers have to lock up assets at a minimum collateral ratio of 2:1 for whatever they borrow, so depositors are protected. Hopefully this helps, Jeremy!","author_name":"Nicholas Merten","votes":0,"created_at":"2022-04-20T17:44:10Z"}]},{"id":201632,"entity_id":"wefunder:comment:201632","question":"How does company support risk? Anytime money is lent out there is a risk. The higher the intrest one earns the more risker the lending out is.","author_name":"Daljinder Greal","votes":1,"created_at":"2022-04-18T22:07:27Z","canonical_url":"https://wefunder.com/digifox#question-201632","answers":[{"id":201936,"entity_id":"wefunder:comment:201936","answer":"Hey Daljinder, great question: Yield generation is powered through our partner, Celsius. They require borrowers to deposit a minimum collateral ratio of 2:1 for any capital they borrow. And although you're not wrong that in traditional lending markets that the rate is usually tied towards risk, the biggest reason yields are the way they are in crypto is due to the borrowing demand from those who want to short the asset or borrow it for institutional purposes, such as providing liquidity on exchanges.","author_name":"Nicholas Merten","votes":0,"created_at":"2022-04-20T17:58:22Z"}]},{"id":201629,"entity_id":"wefunder:comment:201629","question":"Can I deposit my pay roll in USD and still get paid intrest? I am assuming I could with draw the funds anytime I want right?","author_name":"Daljinder Greal","votes":1,"created_at":"2022-04-18T21:59:11Z","canonical_url":"https://wefunder.com/digifox#question-201629","answers":[{"id":201937,"entity_id":"wefunder:comment:201937","answer":"Hey Daljinder, another good question: Unfortunately, we won't have support for USDC out of the gate. But dollar payroll is something we're looking to support sometime in the future. We decided that we want to do our best to prove to our users that they can trust us with the 10-20% of their payroll volume they may put into crypto before working to support the full 100% of payroll volume.","author_name":"Nicholas Merten","votes":0,"created_at":"2022-04-20T18:00:09Z"}]},{"id":201571,"entity_id":"wefunder:comment:201571","question":"Pardon the misspelling. It OnJuno.","author_name":"Matthew Hollingsworth","votes":1,"created_at":"2022-04-18T16:48:53Z","canonical_url":"https://wefunder.com/digifox#question-201571","answers":[]},{"id":201570,"entity_id":"wefunder:comment:201570","question":"How do you position yourself to differentiate between unJuno and other current options for similar services as you provide? They have some big backers and huge clients already and paying 6% return. What will make you stand out in the crowd?","author_name":"Matthew Hollingsworth","votes":1,"created_at":"2022-04-18T16:42:47Z","canonical_url":"https://wefunder.com/digifox#question-201570","answers":[]},{"id":201559,"entity_id":"wefunder:comment:201559","question":"Does this app work for Canadians?","author_name":"Michael Ansems","votes":1,"created_at":"2022-04-18T14:34:20Z","canonical_url":"https://wefunder.com/digifox#question-201559","answers":[{"id":201938,"entity_id":"wefunder:comment:201938","answer":"Hey Michael! Great question: For now, we'll only support the United States. But we do have plans to expand outward once we further improve our user experience and get the capability to service other addressable regions.","author_name":"Nicholas Merten","votes":0,"created_at":"2022-04-20T18:02:42Z"}]},{"id":201545,"entity_id":"wefunder:comment:201545","question":"Hi, I think your business is interesting and I'm a believer in the future of crypto. In fact my largest public equity holding is Coinbase. I'm having trouble with the valuation, however. One of the dangers of having super high valuations early is that it alienates smart VC capital and it also invites the dreaded down round. How do you plan to attract future institutional capital while avoiding a down round? Also, how do you come to your valuation, which appears to be over 100 times sales? I expect startups to lose money as they aggressively invest in the business but I expect a price to sales ratio to be a little more reasonable. Can you help me reconcile the numbers because your business is indeed interesting. However, as you may know, even a great business can be a bad investment if the valuation is unreasonable. Thank you.","author_name":"LaFoy Thomas","votes":1,"created_at":"2022-04-18T08:42:05Z","canonical_url":"https://wefunder.com/digifox#question-201545","answers":[]},{"id":200998,"entity_id":"wefunder:comment:200998","question":"Hi there, I went thru the vid / pitch deck and many of these questions, but I still can't figure this out (although I think I know.) Can you please explain how you make money? Also, margins and CAC projections would be helpful. Additionally, Celsius and Blockfi are stopping interest bearing accounts for US residents per the SEC, so if this is part of the model, can you please address this? Thank you","author_name":"Markus Vitulli","votes":1,"created_at":"2022-04-13T23:14:34Z","canonical_url":"https://wefunder.com/digifox#question-200998","answers":[{"id":201945,"entity_id":"wefunder:comment:201945","answer":"Hey Markus, great question: We mainly make money through the usage of Get Paid In Crypto. Digifox currently plans to charge a 1% GPIC fee, meaning that, if a user deposits $200 of their pay into crypto, we would earn $2 in revenue. For CAC and margins, it may be a bit difficult to project them now, but what I can say is that our CAC will likely remain low vs. the competition ($10-20 vs. $40-50), as much of our initial user base will come from my personal channel, as well as other influencers in our network. And to your second question, considering the changing regulatory landscape, we're going to focus much heavier on our value propositions of education, support, and streamlined user experience, so we'll be prepared as a company no matter where the regulatory direction goes with yield-bearing accounts through providers like Celsius. Thanks so much, and hope this clarified your questions, Markus!","author_name":"Nicholas Merten","votes":0,"created_at":"2022-04-20T18:19:44Z"}]},{"id":200687,"entity_id":"wefunder:comment:200687","question":"Why cant other companies (crypto and non crypto) copy GPIC?","author_name":"Calvin Nguyen","votes":1,"created_at":"2022-04-11T23:15:16Z","canonical_url":"https://wefunder.com/digifox#question-200687","answers":[]}],"faq":[{"question":"Hi Nick, I'm unable to find the app on App Store nor does the link on the website to download work? You mentioned that it is beta right now, Can I get access to the Test Flight link?","answer":"Hey, Rohith! So far, we're planning to launch the app live on both iOS and Android on June 15th, at the same time we launch the public portion of our equity crowdfund. I'd be happy to provide you with a link to the TestFlight version in the meantime. Please contact us at corporate@digifox.finance with a request, and we'll send you a link as soon as possible."},{"question":"Hello, How you come with $15 and $18 Million Valuations ?? You have $0 revenues so i am trying to understand the justification for the valuation.","answer":"Hey, Sagar. There are five elements that played a key role in determining our valuation: 1. We've built a market-ready app for both iOS and Android. 2. We have thousands of pre-registered users for the app. 3. Rather than providing one single service, we provide a range of different services, giving us higher revenue potential. 4. I'll personally be sharing the app on my YouTube channel, bringing Digifox to an audience of over 344,000 subscribers. 5. Our customer acquisition cost is extremely..."},{"question":"Hi Nicholas, With the Digifox debit card, does the user receive an actual physical debit card? How are the crypto currencies available on the platform chosen? Thanks, Kevin","answer":"Hey Kevin, great question! So at the moment, our current goal is to offer a virtual debit card from within the app during the earlier part of the summer. However, between the summer and fall we're looking to start issuing our physical debit card. This will allow you to spend funds directly from Digifox at a wide range of VISA merchants across the US (More regions will be available as time progresses). Initially, you'll be able to spend USDC, ETH, and any other ERC-20 tokens. This is due to th..."},{"question":"Hi Team, A few key questions: 1. Fees. 1.1 What will be the fee% for the user to purchase for instance BTC or USDC from the platform? 1.2 What will the fees be to transfer money from one country to another? If the transfer is from one fiat currency to another, what will be the...","answer":"Hey Melvin, 1.1 Bitcoin purchases will be available soon after launch. If you want to purchase ETH or any other ERC-20 token, we charge a flat $0.50 per trade, no matter the amount. This will change soon after launch to a fixed 0.49% on total trade volume. 1.2 To send money from one Digifox account to another, it costs no more than $0.15 per transaction. When it comes to off-ramping that capital, that will depend on how you go about doing it. As time progresses, more locations will either be ..."},{"question":"Hey - can you please elaborate on the lending and borrowing activities? Is this for the consumers? Does this explain how people will be able to get 7% on their savings? What interest rates are you targeting for lending and borrowing? Lastly, can you please tell us some items t...","answer":"Hey Raymond, So when we refer to lending or borrowing activities, we're discussing two types of services that are focused for consumers and institutional players. Lending providers, like Celsius, allow users to deposit their USDC \u0026amp; other forms of crypto to earn interest. At the current moment of writing this, Celsius is paying 8.69%. Like most rates in the world, it's variable, meaning sometimes it can be lower or higher. On the flip side, borrowing providers tend to be the same companies..."}]}}}