The Honest Degen (n42)
declare your crypto assets easily
Created on 18th October 2025
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The Honest Degen (n42)
declare your crypto assets easily
The problem The Honest Degen (n42) solves
The Honest Degen is a tax and analytics engine for digital asset investors. Designed specifically for the Swiss legal framework, it accurately automates tax reporting for individuals. Furthermore, we will add all European countries and then expand worldwide, one by one.
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What is your product’s unique value proposition?
Our unique value proposition is that we are the only tax tool truly adapted to the Swiss legal framework. Unlike platforms like Koinly or Waltio, which only generate generic reports, our product clearly shows which transactions must be declared as income and which as wealth. This is essential in Switzerland and currently not offered by any other tool. Our alpha already proves this by delivering clear, tax-ready reports that remove confusion and make filing simple and accurate.
Who is your target customer?
On October 14, 2024, BlackRock released a study estimating that around 1.1 million people in Switzerland already hold crypto assets, with the potential for 300,000+ new investors over the next 12 months.
https://www.blackrock.com/ch/individual/en/themes/people-and-money-crypto
Who are your closest competitors and how are you different?
Here is the list of competing companies we are tracking:
- Waltio
- Koinly
- Blockpit
- CoinLedger
- CryptoTax
- Cryptio
- Rotki
- Octav.fi
- CountDeFi
- 3Folio
- Compilot
- ComptaCrypto
- CoinTracking
- Divly
- Recap
- TaxBit
- Accointing (by BlockBit)
The three most relevant competitors for us are:
- Waltio
- Koinly
- Blockpit
What is your distribution strategy and why?
Our distribution strategy relies on multiple complementary channels to efficiently reach our target users.
First, we will partner with fiduciaries across Switzerland, as they are a key entry point for individuals and companies needing reliable tax reporting solutions.
Second, we will leverage cross-marketing with the exchanges, chains, and protocols we integrate, creating visibility directly where users manage their assets.
Third, we will collaborate with local Web3 communities, such as Pudgy Swiss, to build trust and grow our user base organically.
Finally, we plan to engage with cantonal tax administrations to promote our tool as a trusted, compliant solution for crypto tax reporting in Switzerland.