Topic: [ANN][ICO] savedroid - BITCOIN SAVING MADE EASY! - page 205. (Read 55443 times)

First of all you are much more expensive as the credit card payment at Coinbase.

Second of all you market yourself as a "savings app" but people start with a huge 7.5 % hit on there savings and instead can just use SEPA or other methods to buy on coinbase or Kraken


Thirdly you list Kraken and that is not a "UX oriented exchange" it is made for traders, therefore the direct comparson with bitfinex, bitstamp in any crypto exchange is tindeed more than vaild since 7.5% should be an "industry wide standard".

Fouthly it is is not an industry standard to buy crypto with credit card anyway, and you can just throw the idea that in any market anywhere in crypto even with credit card that 7.5% fee is acceptable and on top of that call it a "savings app" that rapes the savers with MEGA high fees for any buy or sell action.

You will also need to do kyc as with any other place doing bitcoin to credit card, what is the advantage here? Pay higher fees than anyone else?

This is how you inttroduce new users to crypto to getting raped by high fees. Not how to "save money".  This is not the way to get the masses to use crypto, this is how you get the masses RRRRRRRRRRRRRRRRREEEEEEEEEEEEEEEEEEEEEEKKKKKKKKKKKKKKKKKKKKTTTTTTTTTTTTTTTTT


I will ask again


Where are the exchanges that have anywhere NEAR 7.5% to buy and sell crypto?


Dont worry, I know you dont have priority for this message since you suffed your telegram full of bounty hunters and told them to invite more people in order to have a real high value place to talk to people you hope the fake telegram users will "pump your metrics" , nice one

I am joined.

You got it?

Free airdrop 100 SVD Token
@airdrop #savedroidico

Thanks for the kind words.

Easy access to crypto is the main catch on this project. A lot of people out there are just skeptic about crypto because its not easily accessible. One needs to have some level of ict literacy to buy eg bitcoin or other alt coins. Bringing the ease of buying crypto will drive this project to levels. Keep up the good work Devs.

We've also just published our TokenContract on github: https://github.com/savedroid/contracts/blob/master/contracts/SvdToken.sol

This is of course also part of our Bug Bounty: https://medium.com/@ico_8796/savedroid-token-sale-bug-bounty-6750bac362cb

Looking forward to your contributions.

I'm really sorry if we have overseen your question. There are currently 15,000 members in the Telegram group, we tr really hard to answer every single question and have established a 24/7 support. So, no reason to bring this on a personal level.

First of all, all transfers will be made via credit/debit card, as you've read all information you should be aware of that and also compare with these prices.

As already mentioned we see our competition in UX oriented exchanges like Coinbase, not Bitfinex, nor Bitstamp.

The bounty thread can be found over here: https://bitcointalksearch.org/topic/bounty-ico-savedroid-cryptocurrencies-for-everyone-2700275

good luck for this interest project

How can i get details to participate on bounty and airdrop?

No it is not clear, it is buiried under all kinds of figures, numbers infographics and feel good pumpy pumpy marketing, clouded by sockpuppet shill accounts on bitcoin talk and telegram.


I mean  not answer as in, other questions answered and this one was not, as if it was not read. You know when you are asking for money how you typicaly answer questions, even if they have been answered before and if you want to quote the whitepepe documentation then you quote the exact page and paragraph since you are the one asking for money here.  Only after asking the question again was it even approched, otherwise it would have been swept under the rug, ignored and the bounty, pumpy pumpy questions asked by the outsourced sockpuppet service would continue.

Now lets have a look at those  "common market practice" numbers. Can you please breakdown how coinbase and kraken charge 7.5% , and that is not a tx fee, a tx fee is a fee on a blockchain transaction. You mean a trade fee I think. So you mean to tell me fees which are 0.2 - 0.5% plus spread is 7.5% ? Ok, lets have a look.


All prices taken from bitcoinwisdom.com orderbook display




Bitfinex BUY 11190 sell 11192 to sometimes a 10$ spread if you just watch the orderbook
7.5 % of 11190$ = 839,25 $ We dont know if there is a fee or spread when buying the tokens in order
to pay this 7.5% or a tx fee to transfer to the app. Lets just say that it is "free".


Bitfinex with a 10$ and the trade fees (hidden?) We will just use taker, which is the higher fee of 0.2%
0.2% of 11190$ = 22,38$ + 10$ spread = 32,38$ for 1 bitcoin vs. 7.5% = 839,25$

ok great, bitfinex is offshore and made for trading, not for your average noob to buy crypto and
wait for moon in a savings app. Alright lets check out coinbase. 1.5% or 3.99% with credit card

The spread is large 11318$ Sell 10984$ Buy 334$ spread
Plus the trade fee 1.5% or 3.99% with Credit Card 169,77$ or 451,58$ ! with credit card
7.5% = 848,85$ Even if you add the spread 334$ and use a credit card 451,58$ (785,58$) 7.5% is still more than
a small ammount higher.

Ok ok, maybe those are just the worst examples possible, lets try bitstamp, you can send a typical SEPA transaction to bitstamp and
they got there start in the EU.
Sell 11231$ buy 11225$ maybe sometimes a 10$ spread
They have a 0.25% trade fee , they also have a 0.5% deposit fee and a 0.09% withdraw fee
Lets just add all those up to 0,84% per trade, even though we wont withdraw or deposit each time
we can still use it just for this example. Again we are going to buy one bitcoin.
94,34$ fees plus the 10$ spread 104,34$ sounds like a lot right?
7.5% fees which is " common market price compared to Coinbase and Kraken (if you add their hidden fees)"
842,32$

Im just trying to find the " common market price compared to Coinbase and Kraken (if you add their hidden fees)"
that is anywhere near 7.5% , maybe you can break down the hidden fees or whatever it is you see that gets to 7.5%.


Let us also keep in mind this is a "savings app" that charges 7.5% off the top................  per trade

#airdrop 100 token

THANK YOU, savedroid Community!
Watch our short video. We thank you all, for the incredible support!

https://medium.com/@ico_8796/thank-you-savedroid-community-e5062d98062f

What do you mean with not answer? You can see a possible price model in the token model quite clearly. That example has a tx fee of 7.5% (including spread) for a transfer to crypto, which is a common market price compared to Coinbase and Kraken (if you add their hidden fees).

Btw we never answered a "when moon" question.

Best regards,
Tobias.

I think it is great that nobody will answer the simple question of


How much do users of the app pay in fees if they buy crypto.


Questions about "when moon",  "how do I give you my money" ect are answered quickly.


inb4 dismissive indirect answer

We sold 500,000,000 tokens in the Pre-Sale. The softcap was at 50,000,000, so yes it is reached.

The burn ratio depends over the time, best have a look in our token model for details.

Premium features will be e.g. our AI algorithm for crypto currencies.

I am thinking to invest but i have some questions.

You sold out at presale in 7 hours, how many token did you sell or how much eth/fiat did you get? What was you soft cap and did you achieve it?

What is the burning ratio of tokens? %1 of the transactions? %0,1 of the transactions?

Last of all, what will be the things you are asking some tokens for it? What are you offering for Premium features? Or your all app is based on a monthly subscription?

Yes we'll stick with the 9th of February for now. Have a lot of stuff to prepare for that happening.

We'll orientate on other market platforms like Coinbase and Kraken, this will definitely vary over the time.