Hi guys, I just came to this project.
This thread is quite long, so please don't ask me to read all 200 pages.. Can someone write me in two words what happened, that price burned to the ground, or where can I find information about that? (I believe it was not only bear market)
I already found info.
What was the softcap and hardcap, and how many funds was collected?
Thank you!
The ico has been completed, according ICO Bench they raised $4,345,948 in ICO, Soft cap 50.000.000 SVD Hard cap 10.000.000.000 SVD, ico price $0.0116.
That's not correct, maybe it's the number what all tokens are worth now or whatever. But they've raised more than 40 Million Euro and wanted 60 Million Euro.
Main reasons why the price went down hard:
1. In April they've done a stupid PR-Show:
Savedroid Fakes $50 Million ICO Exit Scam, Community Outraged
https://www.newsbtc.com/2018/04/20/savedroid-fakes-50-million-ico-exit-scam-community-outraged/2. They constantly said their token would be listed "soon" and already during their ICO they hyped it with saying they would have an agreement with a Top-5-exchange:
savedroid ICO: SVD Token will be traded on top 5 exchange
https://medium.com/@ico_8796/savedroid-ico-svd-token-will-be-traded-on-top-5-exchange-f45a453ca3efLater/Reality: Listing was delayed for months, including a voting without any transparency and meaning in between, and the Top-5-exchange never came.
My prediction at that time:
Just watched the AMA. Who didn't watch it, please do… it's worth it:
https://www.youtube.com/watch?v=41OuMFt_fMc(....)
Some words to Yassin: You have done a powerful job to give your company the scam-brand and it’s totally deserved. You also say that the situation is still too emotional and that you expect that to calm down over time. And yes, you’re right. Exactly that will happen and you’ll see: In a few weeks the public will just not care much about this project anymore. You already can see that dynamic. The media has thrown this project into the scam-or-dumb-section and that is what you asked for. Some will probably make some fun about you like I do, but attention will continue to decrease significantly - and with that a lot of potential. What will be left? My guess is: Damage to your Investors - that’s it.
To the rest of the team: I would make a bet that not all of you disagree with what I try to explain here, even if I do it in an insulting way to the company that pays your checks. But think about where that money came from and ask yourself just two questions:
1) Do you really believe it’s deserved?
2) Do you also believe that a refund should not be given because nothing has changed? #trust?