Question 1

Hello Joshua, Congrats on Wefunder campaign! I have few questions before I make a investment decision. 1) What are the coins planned for giving 9% interest to customers. Recently Blockfi was suspended from giving Interest account to new deposits. Will SEC approve all types of ...

Accepted Answer

Hey Karthikeyan, thanks for the great questions and schedule a meeting to review them. I'll add what we talked about here for others to benefit from as well. 1) Our product release will happen in two phases. Phase 1 will be the bank account and zero-fee/instant settlement fiat to crypto trading. Phase 2 will include our custom crypto wallet, browser extension, and "one-click" DeFi investing features. These will primarily leverage stablecoins such as USDC and USDT and decentralized protocols l...

Question 2

Hello, I invested just a small amount and have some questions please. 1) With a minimal waitlist and recent crypto crash - How do you plan to achieve an explosive growth in users? 2) I can see you are a capable programmer, but to grow a startup into a large corporation require...

Accepted Answer

Hey Vilem, Thank you for your investment! I'd love to answer your questions: 1) The waitlist is now over 200 people and we're planning to launch a referral program shortly that will begin growing it exponentially. We're currently at the Antler startup accelerator and are receiving tons of amazing feedback and motivation to implement strategies like this for massive growth. Our goal for the 6 week program is to reach 2k people on the waitlist. Our product is the natural next step for many cryp...

Question 3

When does your fund raise close. at present how many cryptos can be traded.

Accepted Answer

Hey Harish, great questions! 1) We will close the fundraise as soon as we can. Wefunder - and the SEC - require us to wait at least 21 days from filing our Form C before we can close. Therefore, closing should happen within the first week of August. 2) Currently, we support BTC, ETH, LTC, DOGE, and USDC. The assets are limited due to the crypto wallets and trading being provided by a 3rd party - Zero Hash. We're actively developing our own non-custodial wallet and liquidity which will give yo...

Question 4

Hi Joshua, thanks for your answers. got further questions. Do you have a web version also or only on app. There is cut throat competition in this business, so do you plan to compete, esp with no charges policy.

Accepted Answer

Of course! We've prioritized mobile for iOS and Android as it's the most versatile and in-demand form of digital banking. After launch, we will release a web version that supports all the same features. We absolutely plan to compete :) We've already been kicking butt! We have the best experience on the market to buy and sell crypto and have incredible plans in our product roadmap to continue differentiating ourselves from everyone else in this space. Once we can officially launch with the rig...

Question 5

Hey Joshua, I love the concept. I see user funds are converted into stable coin to be stored on the platform. With the recent unpegging of several stable coins, do you think user confidence will waver? Is there any equivalent to FDIC with Normal Finance? Also, have you raised ...

Accepted Answer

Hey Randon, Thanks for the questions and support! With all the recent turmoil in the stablecoin realm - and even one of our competitors going bust because of it - we've decided to place the "DeFi savings account" concept on the back burner for the tech to even itself out once more. We're instead focused on providing zero-fee fiat to crypto with no lockup periods and instant Web3 usage. All funds in your Normal bank account are FDIC protected. I'd like to eventually work with the FDIC and conn...

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