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Topic: [ANN][ICO] savedroid - BITCOIN SAVING MADE EASY! - page 202. (Read 55443 times)

member
Activity: 294
Merit: 10
Founder & CTO at savedroid AG
Will there be more currencies available to pay with ? Currently you can pay with EUR, BTC and ETH. My brother has some Bitcoincash so that would be nice for him to invest with it.
For crypto we'll only support BTC and ETH. For FIAT we're evaluating to also offer USD. Unfortunately, no Bitcoincash.
full member
Activity: 616
Merit: 108
io.ezystayz.com
Will there be more currencies available to pay with ? Currently you can pay with EUR, BTC and ETH. My brother has some Bitcoincash so that would be nice for him to invest with it.
member
Activity: 294
Merit: 10
Founder & CTO at savedroid AG
I have downloaded the app, but i cannot register with a Belgium post code.
Access only with German post codes?
Unfortunately, yes. For the current app you need to be a German resident. But we'll expand worldwide with the funds from the ICO. Feel free to have a detailed look into our roadmap at ico.savedroid.com/roadmap
member
Activity: 420
Merit: 11
I have downloaded the app, but i cannot register with a Belgium post code.
Access only with German post codes?
full member
Activity: 686
Merit: 101
So the soft-cap was reached easily during the pre-sale, right? What would happen, if there will be unsold tokens after the ICO? Will they get burned? After the great success of the pre-sale it's unlikely and I think the ICO will be sold-out fast but I am just wondering.
Yes all unsold tokens will be burned.

That's really great news, the unsold tokens hanging around always makes investors anxious and tends to suppress the coin/tokens growth. Burning them off ensures the cap is safe and investors feel comfortable in the size of the network and the true value of the tokens their buying. The fact softcap was hit is also helps a lot with investor anxiety at least mine because i know its not gonna be a waste of time tracking and putting time into the project let alone money. I really hate thinking i'm into something great only to get refunded months later because a group misses the softcap.

First of all, thanks tobson2 for your fast answer.

And yes, it's good that unsold tokens would be burned. I know of other projects that move unsold tokens to a pool for a second token sale and I absolutely dislike this approach. Great that Savedroid is doing it differently.
legendary
Activity: 1851
Merit: 1020
Get Rekt
Quote
I just read their your info graphic post on medium and I must say it's really good. A very simplified explanation of your purpose. I have the post multiple claps. I now have a clue of what your project is about even though am yet to read your whitepaper. Who ever wrote that Infographic article among your team members is really good. I recommend that article for everyone who wants to get a good summary of this project.

Just make sure to include the fees between each part of the infographic
member
Activity: 532
Merit: 10
I just read their your info graphic post on medium and I must say it's really good. A very simplified explanation of your purpose. I have the post multiple claps. I now have a clue of what your project is about even though am yet to read your whitepaper. Who ever wrote that Infographic article among your team members is really good. I recommend that article for everyone who wants to get a good summary of this project.
legendary
Activity: 1851
Merit: 1020
Get Rekt
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Hello all!

Seems like we have another suedo-AI based crypto savings product to consider!  Looking at the website I think it's fair to say that a great deal of thought and effort has gone into this one.  To view the official website go here ( https://ico.savedroid.com/ ), annd to see their initial YouTube on the product please go here ( https://www.youtube.com/watch?v=YRDK5aqiP1U ).

I shall give you a little break down of the white paper, though I advise any investors to do what I just did and read it in full yourself!  Here it is :

THE SAVEDROID WHITE PAPER BREAKDOWN (Read 28/1 version 1)
=================================================

1) THE VISION : Is to offer an AI based crypto saving platform that is easy to use for anybody, is simple and can offer better security than others as it is based on German financial legal protections.

2 ) CONTROLS : The user control has settings where you type in how much you would like to save, and it will adjudge based on what you type, and suggest how and where you save that money for max profits.

3 ) DEMOGRAPHIC : This product is largely aimed at 25-35yr old professionals who want to save upwards of $50-100 per month, and look for a better return than the 2-3% savings accounts offer.

4 ) AUTOMATION : This product can be set up to automatically debit your account (currency) and convert this into coins in your saving account, as well as report on your spending habits via email.

5 ) MANAGEMENT : The board is mainly made up of people with actual financial and technology backgrounds, and is linked with several German financial blue chips.

6 ) ANTI DISCRIMINATION : The coins and products on offer, are and I quote "Sharia law compliant" and so are more than likely to be heavily backed in Islamic countries as well as Western.

7 ) YOU WHAT NOW? : The way they avoid falling foul of Sharia is by not paying dividends or interest, so the gains are purely on the speculation of rates and buying low / selling high.

8 ) OPENING EXCHANGE RATE : From the opening day the coin value is fixed at 100 SVD = 1 EURO / 0.85 USD (at todays exchange rate on Google, EURO to USD)


There you have it, the entire white paper boiled down to the 8 most important points Cheesy Please drop your merits in the hat.  Happy investing!

Quote
2 ) CONTROLS : The user control has settings where you type in how much you would like to save, and it will adjudge based on what you type, and suggest how and where you save that money for max profits.

We have no idea how much the factor of the app making money on each trade is factored into this suggestion. The more you trade, the more money the app makes, how this infuences the suggestions is just a trust factor and can not be verified.

Quote
4 ) AUTOMATION : This product can be set up to automatically debit your account (currency) and convert this into coins in your saving account, as well as report on your spending habits via email.

In other answers, in this exact thread it was said "only credit card"  now we have  "debit your account" which account is that?

Quote
5 ) MANAGEMENT : The board is mainly made up of people with actual financial and technology backgrounds, and is linked with several German financial blue chips.

But they need to raise money ,                      again.


Quote
1) THE VISION : Is to offer an AI based crypto saving platform that is easy to use for anybody, is simple and can offer better security than others as it is based on German financial legal protections.

With the fees in the documentation of 7.5% and projected 15% a month that is not exactly the best way to save. People looking for better than 2-3% at banks will have to do a lot better since they get hit with 7.5% just to enter. Is this the kind of crypto mass adoption we want?

Quote
7 ) YOU WHAT NOW? : The way they avoid falling foul of Sharia is by not paying dividends or interest, so the gains are purely on the speculation of rates and buying low / selling high.

I guess Sharia does not mind paying 7.5% fees on each transaction.




Quote
very nice summary, thank you
Unfortunately, I have no more merits to send, I guess i have to wait until someone gives me some.

for me, then point 3 of your lineup will be interesting, monthly $ 100 I put in cryptocurrencies already today, with Savedroid will it be perhaps even more successful :-)
I'll download the app today to see how it works already, even if currently only Fiat can be saved

If you put monthly in 100$ go ahead and take 7.50$ out of that each month, or 90$ a year, almost the same as one month what you put away to "save". That means your "savings" (notice not investments) have to overcome a huge 7.5% spread on the buy or sell side. It might be possible, and a lot of plebs in the public dont even understand this, or dont even care, they just want to play the crypto game and get in fast and easy. Forget that they will have to overcome those fees first.

Although the aveage pleb on the street might not make this caculation the people that are good at saving and investing will, and they will see the fees and move on to cheaper waters. Since most people are not good at that, then the app should be fine.

Join telegram to earn massive ammounts of savedroid tokens
member
Activity: 294
Merit: 10
Founder & CTO at savedroid AG
Quote
All people inside savedroid have contracts based on German law which ensure confidentiality and loyalty to the company.


How does the buy back on open market comply with German law.

Confidentiality of what, of when the tokens will be pumped by savedroid after they are dumped?
That would indeed be loyal to the company.
Everything complies to German law, no worries about that. Smiley
legendary
Activity: 1851
Merit: 1020
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All people inside savedroid have contracts based on German law which ensure confidentiality and loyalty to the company.


How does the buy back on open market comply with German law.

Confidentiality of what, of when the tokens will be pumped by savedroid after they are dumped?
That would indeed be loyal to the company.
full member
Activity: 448
Merit: 110
This will be a great achievement because i believe that savedroid will make it very far and i hope that if this ico ends they have made a lot of sales and are  improving themselves even after.
full member
Activity: 546
Merit: 106
Bountyhive.io
So the soft-cap was reached easily during the pre-sale, right? What would happen, if there will be unsold tokens after the ICO? Will they get burned? After the great success of the pre-sale it's unlikely and I think the ICO will be sold-out fast but I am just wondering.
Yes all unsold tokens will be burned.

That's really great news, the unsold tokens hanging around always makes investors anxious and tends to suppress the coin/tokens growth. Burning them off ensures the cap is safe and investors feel comfortable in the size of the network and the true value of the tokens their buying. The fact softcap was hit is also helps a lot with investor anxiety at least mine because i know its not gonna be a waste of time tracking and putting time into the project let alone money. I really hate thinking i'm into something great only to get refunded months later because a group misses the softcap.
newbie
Activity: 308
Merit: 0
BOUNTY PROGRAM
Bounty hunters! Join our bounty program, earn tokens as a reward and help us to promote and develop a strong community. We have reserved 5% of total tokens available for the global token program. The campaign will end on March 9th, 2018.


TELEGRAM BOUNTY
Claim your first 100 SVD now by joining our Telegram group.
This will also give you access to live premium support during the Pre- and Main Sale.
member
Activity: 294
Merit: 10
Founder & CTO at savedroid AG
Hello all!

Seems like we have another suedo-AI based crypto savings product to consider!  Looking at the website I think it's fair to say that a great deal of thought and effort has gone into this one.  To view the official website go here ( https://ico.savedroid.com/ ), annd to see their initial YouTube on the product please go here ( https://www.youtube.com/watch?v=YRDK5aqiP1U ).

I shall give you a little break down of the white paper, though I advise any investors to do what I just did and read it in full yourself!  Here it is :

THE SAVEDROID WHITE PAPER BREAKDOWN (Read 28/1 version 1)
=================================================

1) THE VISION : Is to offer an AI based crypto saving platform that is easy to use for anybody, is simple and can offer better security than others as it is based on German financial legal protections.

2 ) CONTROLS : The user control has settings where you type in how much you would like to save, and it will adjudge based on what you type, and suggest how and where you save that money for max profits.

3 ) DEMOGRAPHIC : This product is largely aimed at 25-35yr old professionals who want to save upwards of $50-100 per month, and look for a better return than the 2-3% savings accounts offer.

4 ) AUTOMATION : This product can be set up to automatically debit your account (currency) and convert this into coins in your saving account, as well as report on your spending habits via email.

5 ) MANAGEMENT : The board is mainly made up of people with actual financial and technology backgrounds, and is linked with several German financial blue chips.

6 ) ANTI DISCRIMINATION : The coins and products on offer, are and I quote "Sharia law compliant" and so are more than likely to be heavily backed in Islamic countries as well as Western.

7 ) YOU WHAT NOW? : The way they avoid falling foul of Sharia is by not paying dividends or interest, so the gains are purely on the speculation of rates and buying low / selling high.

8 ) OPENING EXCHANGE RATE : From the opening day the coin value is fixed at 100 SVD = 1 EURO / 0.85 USD (at todays exchange rate on Google, EURO to USD)


There you have it, the entire white paper boiled down to the 8 most important points Cheesy Please drop your merits in the hat.  Happy investing!

Great job for researching this. About point 3 demographic: I am in this age group and I have been waiting for a savings platform since 2008. The % that banks offer is just ridiculous

I haven't dug deep in the whitepaper yet; Will get that sorted today. But what is the goal behind that age group in point 3? is it because that group usually is entering the work force and look to save up? just curious as to why those number are explicitly mentioned?
These are explicitly questions to show that our product is already used in the mass market and no longer in the early-adopters-phase. Early adopters are usually male, besides that especially FinTech-early-adopters are also a bit older than that range we mentioned. So the case IS already working on mass market and not just a light promise.

Welcome to the forum discussion Tobson2!  Great to see somebody involved in the project directly fanning the questions.  I was just preparing a bunch of emails to send out to you and your compatriots on the team!  Guess I needn't bother since you are here anyway Smiley So what would you say puts this project above the other AI driven crypto savings products, and what assurances can you offer that the coin/tokens will retain their value after the ICO ends.  I ask because PCL users were stung hard on the final day, so obviously we want to see a project with the same excellent promise but with a better level of assurance for our hard earned savings capital! Thanks in advance
Thanks for the feedback, unfortunately nothing is for sure when it's about crypto-values. But I can promise that we give our best to support the value of SVD.

But to your questions, we already have an AI in place, so I think that's already an advantage. But building an AI is an iterative process, it's nothing that has to be done once and then everything is set. To increase the skill of our AI we've built up a strong team, not only from data scientist, but e.g. also with our advisor Prof. Dr. Danko Nikolic.
member
Activity: 294
Merit: 10
Founder & CTO at savedroid AG
So the soft-cap was reached easily during the pre-sale, right? What would happen, if there will be unsold tokens after the ICO? Will they get burned? After the great success of the pre-sale it's unlikely and I think the ICO will be sold-out fast but I am just wondering.
Yes all unsold tokens will be burned.
newbie
Activity: 28
Merit: 0
Hello all!

Seems like we have another suedo-AI based crypto savings product to consider!  Looking at the website I think it's fair to say that a great deal of thought and effort has gone into this one.  To view the official website go here ( https://ico.savedroid.com/ ), annd to see their initial YouTube on the product please go here ( https://www.youtube.com/watch?v=YRDK5aqiP1U ).

I shall give you a little break down of the white paper, though I advise any investors to do what I just did and read it in full yourself!  Here it is :

THE SAVEDROID WHITE PAPER BREAKDOWN (Read 28/1 version 1)
=================================================

1) THE VISION : Is to offer an AI based crypto saving platform that is easy to use for anybody, is simple and can offer better security than others as it is based on German financial legal protections.

2 ) CONTROLS : The user control has settings where you type in how much you would like to save, and it will adjudge based on what you type, and suggest how and where you save that money for max profits.

3 ) DEMOGRAPHIC : This product is largely aimed at 25-35yr old professionals who want to save upwards of $50-100 per month, and look for a better return than the 2-3% savings accounts offer.

4 ) AUTOMATION : This product can be set up to automatically debit your account (currency) and convert this into coins in your saving account, as well as report on your spending habits via email.

5 ) MANAGEMENT : The board is mainly made up of people with actual financial and technology backgrounds, and is linked with several German financial blue chips.

6 ) ANTI DISCRIMINATION : The coins and products on offer, are and I quote "Sharia law compliant" and so are more than likely to be heavily backed in Islamic countries as well as Western.

7 ) YOU WHAT NOW? : The way they avoid falling foul of Sharia is by not paying dividends or interest, so the gains are purely on the speculation of rates and buying low / selling high.

8 ) OPENING EXCHANGE RATE : From the opening day the coin value is fixed at 100 SVD = 1 EURO / 0.85 USD (at todays exchange rate on Google, EURO to USD)


There you have it, the entire white paper boiled down to the 8 most important points Cheesy Please drop your merits in the hat.  Happy investing!

Great job for researching this. About point 3 demographic: I am in this age group and I have been waiting for a savings platform since 2008. The % that banks offer is just ridiculous

I haven't dug deep in the whitepaper yet; Will get that sorted today. But what is the goal behind that age group in point 3? is it because that group usually is entering the work force and look to save up? just curious as to why those number are explicitly mentioned?
These are explicitly questions to show that our product is already used in the mass market and no longer in the early-adopters-phase. Early adopters are usually male, besides that especially FinTech-early-adopters are also a bit older than that range we mentioned. So the case IS already working on mass market and not just a light promise.

Welcome to the forum discussion Tobson2!  Great to see somebody involved in the project directly fanning the questions.  I was just preparing a bunch of emails to send out to you and your compatriots on the team!  Guess I needn't bother since you are here anyway Smiley So what would you say puts this project above the other AI driven crypto savings products, and what assurances can you offer that the coin/tokens will retain their value after the ICO ends.  I ask because PCL users were stung hard on the final day, so obviously we want to see a project with the same excellent promise but with a better level of assurance for our hard earned savings capital! Thanks in advance
full member
Activity: 686
Merit: 101
So the soft-cap was reached easily during the pre-sale, right? What would happen, if there will be unsold tokens after the ICO? Will they get burned? After the great success of the pre-sale it's unlikely and I think the ICO will be sold-out fast but I am just wondering.
member
Activity: 294
Merit: 10
Founder & CTO at savedroid AG
Hello all!

Seems like we have another suedo-AI based crypto savings product to consider!  Looking at the website I think it's fair to say that a great deal of thought and effort has gone into this one.  To view the official website go here ( https://ico.savedroid.com/ ), annd to see their initial YouTube on the product please go here ( https://www.youtube.com/watch?v=YRDK5aqiP1U ).

I shall give you a little break down of the white paper, though I advise any investors to do what I just did and read it in full yourself!  Here it is :

THE SAVEDROID WHITE PAPER BREAKDOWN (Read 28/1 version 1)
=================================================

1) THE VISION : Is to offer an AI based crypto saving platform that is easy to use for anybody, is simple and can offer better security than others as it is based on German financial legal protections.

2 ) CONTROLS : The user control has settings where you type in how much you would like to save, and it will adjudge based on what you type, and suggest how and where you save that money for max profits.

3 ) DEMOGRAPHIC : This product is largely aimed at 25-35yr old professionals who want to save upwards of $50-100 per month, and look for a better return than the 2-3% savings accounts offer.

4 ) AUTOMATION : This product can be set up to automatically debit your account (currency) and convert this into coins in your saving account, as well as report on your spending habits via email.

5 ) MANAGEMENT : The board is mainly made up of people with actual financial and technology backgrounds, and is linked with several German financial blue chips.

6 ) ANTI DISCRIMINATION : The coins and products on offer, are and I quote "Sharia law compliant" and so are more than likely to be heavily backed in Islamic countries as well as Western.

7 ) YOU WHAT NOW? : The way they avoid falling foul of Sharia is by not paying dividends or interest, so the gains are purely on the speculation of rates and buying low / selling high.

8 ) OPENING EXCHANGE RATE : From the opening day the coin value is fixed at 100 SVD = 1 EURO / 0.85 USD (at todays exchange rate on Google, EURO to USD)


There you have it, the entire white paper boiled down to the 8 most important points Cheesy Please drop your merits in the hat.  Happy investing!

Great job for researching this. About point 3 demographic: I am in this age group and I have been waiting for a savings platform since 2008. The % that banks offer is just ridiculous

I haven't dug deep in the whitepaper yet; Will get that sorted today. But what is the goal behind that age group in point 3? is it because that group usually is entering the work force and look to save up? just curious as to why those number are explicitly mentioned?
These are explicitly questions to show that our product is already used in the mass market and no longer in the early-adopters-phase. Early adopters are usually male, besides that especially FinTech-early-adopters are also a bit older than that range we mentioned. So the case IS already working on mass market and not just a light promise.
member
Activity: 294
Merit: 10
Founder & CTO at savedroid AG
500 million tokens of the Pre-sale Savedroid ICO were SOLD OUT in 7 hours!!! This is bringing me here Smiley Very interesting project! now reading on the whitepaper, so much more to learn about Smiley

Yes, this is really interesting project. There was huge demand in pre-ico. Now I expect ICO too sold out earlier than end date. I am also interested and thinking to buy tokens during ICO, but before that would Check the whitepaper to get overall idea of Sevedriod teams plan

I heard that you can already reserved your ICO from now if you want to buy, so it make sure you not miss it incase it sold quick. Cheesy


Reservation will be available from Monday.
member
Activity: 294
Merit: 10
Founder & CTO at savedroid AG
It is great to see a track record at least I know now that your product actually works. Where is the product mostly active in? Germany?

Nice to see the founder replying to questions here too shows communications are open now at least for me two things (critical things in investment decision) out of the way. A working product and an available founder. I feel it is a great path ahead.
Yes the current product is available in Germany only so far. For the crypto-product we plan to go worldwide, as there's no need to have a German bank account anymore.
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