Question 1

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?

Accepted 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 2

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.

Accepted 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 3

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

Accepted 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 4

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...

Accepted 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 5

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...

Accepted 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 & 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...

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