Xurge Digital Lab LLC
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Date of Foundation
2022

Xurge Digital Lab LLC

Creator of the TextRP unified messaging app

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The Idea origin story

TextRP by Xurge Digital Lab is a unique messaging application that unifies messages from various platforms into a single inbox. The innovation offers secure and private communications, prioritizing user privacy with an innovative login process involving the use of a XUMM wallet. Its business model thrives on revenue generation through the sale of messaging credits, subscription upgrades, Feature Pack NFTs, and B2B solutions. Mainly catering to those valuing privacy and convenience in communication tools.

The Mission

Vision: Revolutionizing messaging by consolidating various platforms into one secure app. Mission: Offering a seamless, private platform for prioritized user privacy and convenience.

Clients

TextRP targets professionals, blockchain enthusiasts, frequent multi-platform communicators and global security-conscious communicators.

Problems we solve

Client’s problem

PitchBob's suggestion: TextRP addresses the challenge of managing multiple messaging platforms, security concerns with unique login via XUMM wallet, and caters to blockchain enthusiasts' need for XRPL integration. It also provides personalization features.

Confirmation of problem

over 2.7 billion users worldwide rely on messaging apps, indicating a growing demand for unified, secure, and personalized communication solutions in an increasingly digital age.

Solution

In order to become a unicorn startup, it's essential that your company offers an innovative product or service that genuinely resolves customers' problems. Here

Our technologies

This solution is based on technologies

Blockchain Technology, AI/ML algorithms for smart replies, End-to-end encryption for privacy and security, Cloud storage.

How it works

TextRP consolidates messages from different platforms into one inbox, integrates with XRPL for secure blockchain messaging and offers customizable NFT features.

Value for the client

TextRP consolidates chat, enhances security via XRPL, allows blockchain messaging and personalizes user experience.

Market and strategy

Market size

101410

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

1

% of the market

Is our goal in the next 3 years

Team

My name’s

Will Moreno

My key role in the product

My key role is Founder, CEO and project lead, responsible for strategizing, making crucial decisions, leading teams and maintaining growth.

Team size and key members

Tech partner Spirinova leads TextRP development. A team of 3 manages the developer community and promotes via webinars, blogs.

Competitors

Competitors

Aside from texts.com, WhatsApp, and Discord; Facebook Messenger, Viber, Telegram, Skype as well as collaboration platforms like Slack or Microsoft Teams could potentially be competitors depending on the unique features of your TextRP app.

Our Advantages

TextRP integrates with XRPL, enabling users to consolidate messaging into one inbox and send messages to any XRP wallet. It ensures strong encryption for security and offers personalized themes plus stickers. Tailored messaging experience for the modern user in a decentralized financial ecosystem.

Business model

TextRP makes money from selling messaging credits, premium subscriptions, Feature Pack NFTs, B2B integrations, and NFT trading fees.

Traction

TextRP developed and launched its initial version, executed all features, and thoroughly tested it. It's now being promoted widely to collect user feedback for continual evolution to fit users' needs.

MAUs (Monthly Active Users): 1,000 EBIT (Earnings Before Interest and Taxes): -$90,000 (negative due to initial expenses) Cash Flow: Negative, as the company is in its early stages and is investing in growth.

Metrics

PitchBob’s recommendation: TextRP gathers systematic user feedback, uses analytics for sentiment analysis, applies A/B testing to validate changes, updates product roadmap based on market trends and offers Feature Packs enhancing customization.

TextRP predicts robust EBIT growth over 5 years, driven by user base expansion and new features rollout. The forecast shows a firm rise in EBIT, culminating to $994,378 in Year 5.

Incorporation

Our company incorporated in

North Carolina

Key risks

TextRP's risks include data security breaches, intense competition in the messaging app market, user acquisition hurdles in a crowded space, unpredictable crypto regulations and technical challenges in development.

Investments

$

42000

We raised investments

Our Investors

Will Moreno, 100%

Rising Investments

$

minimum funding in the amount of $250,000. This amount is calculated based on the sum of the maximum negative cashflow month plus one year of operating expenses, with a 20% buffer, rounded to the nearest $50,000.

Currently, we are raising investments

$

$4,212,460. This figure is derived from three different valuation methods: the Venture Capital Method estimated the valuation at $6,013,000, the Berkus Method estimated it at $1,700,000, and the Discounted Cash Flow (DCF) analysis estimated it at $4,924,380. The average of these three methods gives the mentioned valuation.

Estimated pre-investment valuation of the company

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Additional information

The company will expand the market to other blockchains

Xurge Digital Lab LLC
MVP
Date of Foundation
2022