Major highlights:

📈 Celsius deposits grew by 781% MoM, from $12,262.23 to $108,110.65

👪💵 We've grown our number of users with funds from 387 to 693, a 79% MoM

⭐ App Store score rose from 4.1 to 4.5 stars and 2.5 to 3.1 for Google Play in 2 weeks

👨‍💻👩‍💻 Global customer response time is down to less than 30 minutes on average

📊 Digifox provides swap purchases for the vast majority of DeFi tokens

💳 Debit card deposits grew by $18,025.62, thanks to our integration with MoonPay

Preparing For The Next Cycle

As bitcoin, ethereum, and a wide range of altcoins break past historic levels of resistance and to price levels not seen in years, it's become clear that cryptocurrencies are back in action. And we here at Digifox have a lot planned to make sure we're the #1 app people turn to in order to get started.

Did Somebody Say DeFi?

At Digifox, our first initial goal is to make earning interest and buying crypto as simple as possible. In meeting this goal, we knew we needed to provide users the ability to gain exposure to the emerging space of decentralized finance. That's why users can not only access Compound & Uniswap through our native integrations, but they can also gain access to the vast majority of DeFigovernance tokens on the market, such as COMP, BAL, KNC, DMG, and more!

For those who may not know, 'DeFi' stands for Decentralized Finance, which is a label used to define the new wave of projects and companies that are aiming to bring open access of financial services to everyone, as well as minimize the trust needed to engage in financial activities.

We're exploring adding new DeFi deposit partners into the platform, and though we can't speak too much on it at the moment, let's just say we've got an industry favorite coming soon...👻

Giving Back To Our Community

We're not crazy about advertisements, so we decided to do something different.

Starting this month, we've allocated our entire marketing budget of $2,000 to a community giveaway for our users!

We're running two competitions simultaneously, one focused on rewarding users for saving for their future, and one focused on rewarding those who refer others to the platform. All in all, the progress so far has been phenomenal. And we're looking to build on this in order to accelerate our growth into the rest of 2020.

To learn about the terms for our challenges, you can find the details here ⬅ 🦊

New On-Ramps Coming In August/September 🏦

We've heard from you all, and we're working hard to make our banking/debit card on-ramps as fluid and frictionless as possible. Our believe is that it should be as easy as possible and as cost effective as possible to begin earning interest, buy crypto, and send payments across the globe. That's why we're proud to announce that throughout the next two months, more regions will be supported, face lower or 0% deposit fees, and have a much more seamless experience overall.

👋 Closing Remarks

This is just the beginning for us as a company. With our new product roadmap we discussed in our last article, and our focus on constantly building community around Digifox, I'm confident as CEO we'll come out on top during these extraordinary times.

Keep spreading the word, and we'll keep fighting to build better finance! 🦊

Sincerely,

Nicholas Merten
Founder & CEO of Digifox