These guys know how to force people into saving money. They simply lock the token if they don't like how the price develops and nobody can sell anymore. Mission accomplished!
But seriously, this situation is simply crazy. First they unlock the tokens too early and two exchanges start trading hours before the announced time. The other exchanges don't start trading at all and Savedroid locks the tokens and says:
"We have not yet received the technical GO from HitBTC that the markets for SVD are open. We are talking to HitBTC to understand the situation. Once we learn more and get to know when the markets for SVD will open, we will immediately inform our community. Until then we are forced to pause the SVD smart contract to ensure the best liquidity for SVD at listing start. We are very sorry for any inconvenience caused.
All the best, Yassin & the savedroid Team."......and go to bed(?)
Interesting about the message above is:
1) While not only HitBTC didn't list SVD yet but also Bancor, they don't even mention Bancor?
2) They say that they don't have received the "technical" GO. Does that mean HitBTC is technically not ready yet but you believed to have a technical GO even hours before the scheduled time? Actually exchanges know how to list an ERC20
3) You are forced to pause the SVD smart contract to ensure
best liquidity at listing start? That doesn't make sense at all. You guys already listed > 12 hours ago and this is already trading on two exchanges. What you are doing is market manipulation because ppl on TIDEX and IDEX are playing around with a percentage of the real supply and low liquidity!
4) You said that you are
"talking to HitBTC to understand the situation" and that you will
immediately inform your community once you know more. But after more than 8 hours you didn't learn more? You guys went to sleep without saying anything because you didn't learn more in all those hours?
I had no doubt that the price would tank hard but never expected this shitshow.
A theory:
Savedroid unlocked the token hours too early and trading started on IDEX and TIDEX. HitBTC and Bancor didn't like that Savedroid crashed the agreed schedule, so they refused to list under those circumstances. Savedroid simply locked it all again and is in negotiations.
But, one never knows what is really going on with this project. Only safe bet is that they have unbelievable talent to push their own community into a state of total confusion and frustration.