Topic: Outdated announcement - page 7. (Read 1185 times)

IEO is a waste of money.

If you pay up to $ 100,000 for IEO, you won’t attract the same amount of investment.

IEO on the TOP exchange costs up to $ 5 million

SavAct is a cryptocurrency that enables bought services, goods, voting results etc. to be delivered within an optional time limit. A transaction, recorded in the blockchain, may also contain, besides from the recipient’s address, details like product names or a time limit for delivery. If the product does not arrive within the time limit, the payment may be withdrawn before the time limit runs out. Therefore, the vendor is forced to satisfy the customer. Withdrawn payments are not returned to the buyer but instead they are distributed among token owners and miners and additionally support the development of the system. This ensures that customers do not abuse this function for their own benefits, but only make use of it if they feel betrayed by the vendor. Chapter 2 of the White Paper offers a more detailed explanation and gives a few examples.
For independent and decentralized systems, it is natural that one party, either seller or buyer, has to bear a higher risk. The buyer bears it when using current cryptocurrencies as he must hope for the paid product or service to be delivered. SavAct balances this risk among both parties and the Proof of Concept describes that it saves real vendors more money that the established trustee systems.
So if you see an online shop that only accepts cryptocurrencies but refuses to offer SavAct as a payment method, then you can immediately tell that the chance of a scam is much higher.

I think that the SavAct team should have a large budget for the investment round.

It takes a huge budget to organize IEO

Legitimate online shops that allow payments with SavAct offer the buyer a high degree of trust and security. After all, if they do not deliver their product the buyer could invalidate their payment.
Fake online shops that allow payments with SavAct can be denied their payment by simply invalidating the transaction due to scam.
If you see an online shop that only accepts cryptocurrencies but refuses to offer SavAct as a payment method, then you can immediately tell that the chance of a scam is much higher.

We wished back then to start our presale very early. But at the time we had not done a lot of marketing yet and thus had no large audience. Because of that we decided to move the presale to another date.
And now we wish to build an audience and spread the word before we announce an exact date for the presale.
For this reason we updated our documents and added more easy to understand details, submitted another patent, published a study that acts as the proof of concept and are now continuing our publishing of SavAct.

Please argue reasonably. The logical derivation in the PoC has been described in detail, see pages 5 to 6. Please read this passage carefully and check out what you didn't understand about it instead of simply dismissing something as being “worthless”.
There are many logical reasons why the rate of punishments should be even lower, see for example page 10. We always considered the worst assumptions for SavAct in the calculations. Even then, SavAct saves the sellers a lot of money.
Regarding your concerns, please have a look at this chart from the PoC:
Table 3 - Fraud possibilities in comparison if no agreement can be found. Successful fraud is marked using red underlined font.
When using direct payments with cryptocurrencies there is a high risk that the seller does not deliver the goods. After all, the seller already got his payment. When using SavAct however, neither party benefits from scam. The risk of the seller won’t be exactly 0% anymore, but still very close to it and because of the increased trust, the seller would be able to increase his sales figures over his competition.
If you ever paid with cryptocurrencies before, and did not receive your purchase, you would definitely appreciate having SavAct as an option.

We submitted our first patent way before the distribution of the SavAct app. Thus, our plans with the “ecosystem” were made from the very start.

IEO is now in trend, but having paid $ 300,000 for IEO, the exchange does not guarantee that you will sell all tokens

At the moment I do not understand how SavAct will distinguish fraudulent online stores from honest ones.

Does the online store immediately receive payment about the buyer?

From the WP it is not stated clearly but I guess it is ICO, though IEO are good but somehow ICO are still operational it just needs boost on marketing. IEO is a good choice this time as it is trend it might get some good investors too but the team should pick the exchange that has big volumes or prefer the centralize one.

Are you planning to do an IEO or the traditional ICO? I would recommend you to go for IEO's on trusted exchanges, it's very difficult to get investors if you went to the ICO route. Most investors don't see the assurance that they get from ICO compared to IEO.

SavAct is a unique cryptocurrency aimed at ensuring the safety of online purchases.

Thanks SavAct we can get rid of fraudulent online stores

That is, development is already being carried out at the expense of funds that were raised during the preliminary sale?

Will the entire ICO budget go to marketing?

Do you have a legal opinion on your token?

Can US citizens invest in your project without accreditation?

Just before the ICO.

It looks very attractive. Is your team's main language German?
In which country are you registered?

How is your cryptocurrency different from many others?

Can your project be implemented on any other blockchain?

Does your team have an iOS developer?

I saw that you have an android wallet, but I can’t check it, because I have an iPhone

What will happen to SavAct cryptocurrency if the buyer cancels the transaction and the seller has already sent the goods?

I heard cryptocurrencies are banned in Singapore. It's true?

Many projects do not accept investments from citizens of the USA and Singapore