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A short "market-report", because some interesting things are happening.
1) Volume
(....)
That mean will become DeadToken develop by svd?
Yes the day dump hard, price of svd almost zero
0.0000002 eth!
No, I don't think it will die any time soon. See, there are two kinds of "dead":
1) "Walking Dead" --> A project is still listed on some exchanges and traded with very low volume but the team has given up and it's not under real development anymore.
2) Dead --> A project is also not listed and traded anymore
Savedroid will not be delisted and the team will also not give it up anytime soon. They have so much money, they can keep on for years without running out of funding.
But there are several other problems in my opinion.
1) Team: I don't believe in this team. They don't seem to be competent, they are very bad communicators, they've proven not to act honest and transparent, whenever they had the choice between several different ways to do something, they consequently chose the worst one.
2) Market: a) SVD would need a better exchange and as everybody knows, the team used the announcement of a top5 to promote their ICO and they still pretend to have an agreement. I don't believe they have this agreement and after all the shit they've done and the low volume, I also don't believe that this will be listed on any of the bigger exchanges.
b) This project is not very interesting for Crypto-Guys. That's another reason why the buyside is very thin. I don't believe that will change because of 1)... Plus: There are so many projects with a lot of potential out there that I wouldn't know why anybody would pick this one. And those who may be interested will start to do research and find all the scam-topics and back off.
3) Economics:
a) It's still not cheap. The current price has to be multiplied with the total amount to get the total value: about $5.2 M. It's very cheap in comparison to the ICO price but that only shows how ridiculous overvalued this was, especially if calculated in $.
Total supply: 6.997.578.543 SVD
ICO-price in EUR: 0.01
ICO-price in Dollar: 0.012
Total Supply * ICO Price in $ = $83.9 Million!
It's completely crazy that they have been able to sell this at such a high price. I mean, the whole company is probably not even worth $10 M but a utility token for a not existing business should already be......??
b) What many may not see at the moment is: The price went down while only a fraction of supply is tradable yet. More and more SVD will flow on the exchanges once it becomes unrestricted. That is no inflation if focused on the total supply, but it like inflation for the market - and for the price only that matters.
But: If/Once the whole market turns into a new bull run it's likely that also SVD will rise in price. Last year I've seen really dead coins go to $30 M marketcaps and some even higher. I personally wouldn't hold SVD because of that, simply because I believe there are better opportunities out there, especially a lot of good projects are down at the moment. But under the line I think it is possible that the price will recover, even if the project would not get traction as a business model.
quote author=savedroid link=topic=2578161.msg46677347#msg46677347 date=1539074719]
We are not planning any financial report yet. We want to focus on product development first. Later we'll maybe decide to report something. But not now.
[/quote]
what product?
The product to collect money again with the arbitrary fee? or collect more money from users without being able to withdraw?
Your product is an old product that is outdated and expanded for crypto use which also cannot be used properly.
What focus? you only give false hope and an empty dream
You need people who are smart with salaries to be sure to benefit from repairing existing damage caused by your own greed.
Of course it is very necessary partnership between companies that really have experience in this field.
Note
Especially the most important thing is to stop lying and make false promises with various fraudulent tricks to the community, token buyers and users of your application
We will see.
