Topic: [ANN][ICO] savedroid - BITCOIN SAVING MADE EASY! - page 22. (Read 55435 times)

At last this not looks like a scam as people thought early about this project. team working and doing something. But Im agree with you. They must have some solid partnerships and biggest exchanges for good price.

yes, what to expect until the market becomes bullish, and bitcoin does not grow.
unlikely you can expect a good growth of tokens,
but perhaps there is not much left

Let's pump this token while it is already on top 5 exchanges as they promised. Without any big partnership and use case it will be hard for this project to get recover just watching this when they will take serious decisions.

They announced in telegram today that Android and IOS version of  Crypto-App will be released in Google Play this Friday, August 31st.

Announce:

What u expect to this app?
if you:
1. Are interested in saving or buying crypto money in small amounts without considering the price or type of currency that you want to buy.
2. without you having to authorize when the purchase is made.
3. without needing to think about the security aspect of your own wallet .

So you can use this svd application...👌

Note... Until now u cant withdraw ur funds on that app to ur private wallet🙄

It isn't just article but if we look at the activities which team did it becomes clear that they collected money but don't have plan. Here is problem and as it was stated in article that they are not capable to develop not even simple wallet this claims seems to be solid. Everything is shouting loudly as evidence that they don't have knowledge of what they promised to deliver.

Adress: 0xbdEB4b83251Fb146687fa19D1C660F99411eefe3
Symbol : SVD
Decimals : 18

Go to www.myetherwallet.com.
Login and Unlock your wallet
Go to the “View Wallet Info” tab
Click “Add Custom Token” on the right-hand side under “token balances,”
Now a custom token form will appear where you need to fill the contract address 0xbdEB4b83251Fb146687fa19D1C660F99411eefe3, the number of decimals = 18, and the token symbol SVD as provided by the token creators
Lastly, click “Save” you tokens will be seen in MEW. I think it's easy. And now good luck with the new token  

and please be very careful with the private key

How to add SVD in MEW?
Can't find instruction.

More bad press for Savedroid, unfortunately again in german only and too much to translate it:


Exklusiv: savedroid hindert Investoren am Transfer ihrer Krypto-Token
savedroid kommt nicht aus den Schlagzeilen: Nachdem vor wenigen Tagen Ex-Mitarbeiter kein gutes Haar am Frankfurter Startup ließen, beklagen sich jetzt zunehmend Investoren. Der Vorwurf: Es ist nicht mehr möglich, die erworbenen Token abzuheben und in eine eigene Krypto-Geldbörse zu übertragen. Das Management reagiert mitunter gereizt.
https://financefwd.com/de/exklusiv-savedroid-hindert-investoren-am-transfer-ihrer-krypto-token/

Translation of the headline and the description above:

"Exclusive: Savedroid prevents that Investors transact their Crypto-Token.
Savedroid doesn't stop to make headlines. After former employees "talked badly" about the startup from Frankfurt a few days ago, now Investors increasingly complain. The accusation: It's not possible to withdraw the bought Token and to transact them to an own wallet. The management reacts petulant."



It's a really interesting article, including some quotes from telegram from Investors & Tobias. One user implies it could be intention: "Probably you don't want to release (the token) because that could cause a price-crash".

The article also refers to statements from former employees who said that Savedroid does not have the competence to build a quality wallet and implies that might be the problem.

---

The problem here is twofold:

1) Of course it should be possible for every Investor (without lock-up-period) to freely transact his/her SVD and it's not a good sign if the team is not capable or willing to get such a problem solved.

2) Once everybody can transact, including all of those the article refers to, but also those who bought per Credit Card and those who have to wait because of lock-up-periods, much more supply will hit the exchanges and bring additional pressure on the price.


The combination of both is damaging, because of course: Those who are angry now because their SVD are still stuck are more likely to sell right away once they are able to do that.

Which functions you mean? They will released own wallet? Which currencies their wallet will accept? And which advantages their wallet will have before Eidoo wallet for example?

I doubt that will happen. Reasons:

1) Much too low liquidity and volume. It's near to impossible to accumulate a lot and once that would be achieved it wouldn't be possible to sell that without crashing the price,

2) Even more important: There are whales in this, big holders who can not sell without crashing the price to zero.

3) In the last AMA (right before it hit the exchanges) Yassin said, and he meant that positive, that it would start with lower circulating supply because of lock up periods etc. Also: As far as I know many Credit Card Users still don't have their tokens (?). That means: Over time the circulating supply will increase. It's not real inflation because the total will not change but for the market it is inflation.

4) Additionally there is a specific problem this project has: A really bad reputation. That leads to a lack of buyers.

5) It's still not cheap. Ppl just believe that because they compare the current price to ICO-price. But truth is: It was unbelievable overvalued. Nobody (!) could ever explain in which universe a total value of > $80 M would be justified. Right now it's at $8 M. The whole company is most likely not worth $8 million, why should the total SVD-supply be worth that much?


If you think about it out of the perspective of a rich kid who thinks about accumulating SVD.... There may be some who have too much money in combination with a low IQ. But they don't find this. ;-)

---

Edit: Somebody tried to pump this on August 15, or maybe he believed that would be "accumulation". He is a bagholder now or sold at a painful loss:

Then forget about this investment for few months at the moment I don't see any sign of mercy for this project. majority of the investors are still doubtful about the future of this project so when they will offload their tokens and whales get control over huge portion of the supply than we will see little rise there.

I am missing the saving part. How do you save. Say I have 100000 SVD. You put it in the wallet. Then what? How do you save towards a goal? How does the value increase?

I think they are here to prove that they are not a scam project.
We cannot make the price as the basis of success currently because of the bearish market now, let's just hold if we believe this will succeed in the future.

I do not know where this all will end up. SVD before launch was considered to be one of the best project but once ICO concluded it turned out to be a scam project with no listing and no work from the admin. Then suddenly the project comes live again and list of 5 relatively small exchanges.
Now are the team back to fulfill their promised but they have to work double hard work to remove the doubt and the bad reputation which they have already again. Or they are here again for another scam ?

This function will be available by the end of this month. (Playstore/AppStore) You‘ll be able to transfer the tokens via the app later this month, the wallet function (withdrawal) will be added to the Crypto Beta for everyone and you‘ll be able to transfer your tokens to any private erc20 Token wallet.

Faildroid is a poor project, at least till now. You got interest from people also showing everywhere the sentence "made in Germany". Well, I work from decades with german companies in music biz but your way to work is nothong about them, I think german people could be angry, you look more like a chicken stealer than a german company

is the svd app is somethings like revolut ? I will be abble to have a card ? why should I think svd will make better ?

Great summary!

https://twitter.com/SavedroidShits1/status/1032740568550526976

ok have fun with your nice project which made false promises to get people to invest into it.