Topic: Savedroid was a "scam" (it's now back). Still, don't trust experts 100% (Read 585 times)

I'm more concerned about the situation that ICO has long since ended, but there is still a problem with receiving and counting tokens, and it's not clear what the exchanges will be, not much news about future plans, more precisely the answer is one - soon..

Leave about its PR stunt or whatever but i am agianst these ICO review site . Please go through Tokenpay Social media page they have explained how these high rated ICO review sites approached them and offered them for high rating . Still some ICO initially particiapted based on their rating after some months if i am checking ranking its completely different before ICO if they give 4 * a. After disaster happens they reduce the rank . Still we are investing on decentrelised concept based on centrelised reviews its worst.

Actually i am one of the participants of savedroid in their bounty campaign and they are delaying the distribution of tokens, there are a lot of complains about their ico in the telegram and yes i think that it was scam because they are still not registered on the market to have an exchanger.

Everything you've said here is 100% accurate and we believe the crap that's being pulled by "experts" on sites like ICObench is far worse than this example suggests.

And since we don't mind being a wall of shame we have posted all the deets here:

http://www.tokenicide.com/review/einc/

and here:

http://www.tokenicide.com/opinion/icobench-warmer/

At this point we would call into question the quality of any ICO that has its advisory board packed with more than just one or two top-rated "experts" from ICObench.

And ICObench is only one of many sites playing this game. The only reason we've focused on them is because (1) they happen to be the most heavily trafficked ICO rating site; (2) what they're doing is so blatantly obvious that it was easy to spot; and (3) we just started working on this project about a week ago so we haven't had time to call out any of the other bad actors. But we're working on it. And we welcome any suggestions as to other sites/advisors/ICOs that need public shaming. 

I don't know if that was actually a stunt or just really changed their minds and now going back to the business.If that was a stunt then I don't see it as an appealing one but rather do make bad impressions towards the project.If they do tend to raise awareness then that one isn't really a good way.If that was a scam attempt then they would know the possible consequences ahead.

It does not matter if it's a scam or a PR stunt.
This man and his team have endangered investors' investments and almost certainly reduced them.
And they have deeply damaged trust in the crypto industry for no understandable reason.
And that with a regulated ICO. The prosecutor in Germany is likely to initiate investigations.

So the exit scam was just a PR stunt form the founder of Savedroid after all? LOL, I wasn't expecting this... Seriously, I rather think this made them look bad instead of creating any educational value about scams in crypto space. Really bad way to raise awarness to this problem.

ICOBench rep is dead now and they have always served the lowest possible bar of ratings for customers (i.e. retail investors).  It is and never will be institutional ready.
This space will change pretty fast this year and all these cheap ICO rating sites will be replaced with the Fitch or Moodys or Oddup's of the rating world.

This is very stupid and unnecessary. First of all you’ve tainted the already “not so good” image of the crypto industry, you’ve played with naive investors’ emotions, you’ve shown others how easy it is to scam people through icos. I pity those who gave their money to this guy cos this ico and it’s tokens are dead on arrival

After such jokes, I think of regulation ICO. It is necessary to be more serious and to approach with responsibility the project and investors. You remember the story when the shepherd boy shouted, "Wolves, wolves!"

What savedroid did shocked all ICO investors and even those crypto medias. It might be an April Fools joke but its pretty alarming and will impact the trust of its investors negatively. ICO competition is super tough and savedroid prank will be use to them someday when their token is mooning. Still, that project looks promising and have a strong members. Its a good thing that their token is not yet listed or a massive selling will occur.

There is a possibility, in my opinion, that they actually considered to exit scam but only later realized that they were probably not going to get away that easily and was essentially forced into reopening their site. Because to me, nobody in their right mind would ever shut down their ICO like that to "educate others".

This is not the way to educate people.

All that has been achieved is literally throw the entire savedroid investor groups into frenzy because they were scared. Terrible PR and may compromise the value of their product in the future.

Well according to a YouTube clip I saw from the CEO of savedroid,  he claimed it's his own form of drastic campaign which I think is a publicity stunt gone wrong,  I mean it's an expensive joke,  he could have find other means to make the project popular.  With what is circulating around it will be so difficult to convince the investors  about the genuinty of the project savedroid

They used a terrible way to educate anyone on safe investment practices - by using an exit scam as a PR stunt. What they did is incredibly irresponsible and lacks any understanding
of responsible PR campaigns and good common sense.

There are many incredible hard working entrepreneurs, innovating and providing real value exchange through the use of blockchain and crypto currencies. They have not only damaged their own reputation, but that of the 1000's of European start-ups invested into delivering genuine ICO's and blockchain technology.

I think the German Bundesblock said it best!

Public Statement of Bundesblock regarding the Savedroid PR Stunt
On 18th of April, 2018, the German blockchain startup Savedroid AG having its registered address at Eschersheimer Landstraße 121, 60322 Frankfurt am Main, took its official website offline, for more than 24 hours, leaving behind only an internet meme with the inscription “…and it’s gone” – referring to the funds collected from thousands of investors in its recent tokensale event (ICO).

Yesterday, 19th of April, 2018 it was revealed by the founder of Savedroid, Yassin Hankir, that the pretended “exit scam” was merely a publicity stunt to catch the world’s attention. In a Youtube video released to the public yesterday, Hankir spoke about the need for stronger regulation in the context of public crowdfunding campaigns based on blockchain technology –  so-called ICO’s (Initial Coin Offering).

The German Blockchain Association Bundesblock believes the claimed PR stunt lacks any professionalism and sense of responsibility. It sheds a negative light on the whole blockchain ecosystem. It created a sense of fear and anxiety among users and investors alike. Instead of leading by example, Hakir decided to risk the collective reputation of thousands of responsible and diligent entrepreneurs in Germany and Europe, for minutes of dubious fame and potential benefits for their own. We strongly reject Savedroid’s behavior.

The Savedroid team has operated a controversial marketing campaign throughout, which ended in a truly damaging event. Savedroid AG has never been a member of our Association.

We want to remind the world of the beneficial values for society that lie in the concepts and practices that blockchain is about. New forms of crowdfunding are important for the ecosystem. The [Suspicious link removed]munity needs to show maturity where it counts. We are deeply disappointed by this behavior, which clearly harms the goals of the [Suspicious link removed]munity as well as ongoing ICO projects, which face now as a result the withdrawal of support due to this irresponsible stand-alone PR gag.

We believe that any entrepreneur needs to care about the trust and funds of his investors, to take all possible measures to protect and grow it. Blockchain and tokens are not a game, but the next socio-economic infrastructure.

Hello everyone! It's hard to judge whether it is Scam or not. They could hack, and to induce panic among users, got rid of those flashy posts. Need to wait a bit and will be known exactly whether it is true or not.

Thanks OP you give a good head shot to realize the different ways of a scam ICO. I didn't say this because I'm on your side but because I realized another thing to make me be very careful in every ICO.

Neither I, I'm very concern with the investors of this project.

It is now giving a big attraction to the web and it's hard to know on what's the real thing and fake statement.

Who knows if that's the real him or if its a grabbed picture. If it is real him, it doesn't matter to him as he got tons of money to go away.

How can you totally think that savedroid is really a scam? There are too much investors who invest in their project and if they run away there will many crypto users will discourage including their bounty participants and the investors. There are too many news that shows that they are a scam ico but we must wait for the final outcome before concluding.

I don't care about this project scam or not because I didn't invest in this project. but his joke is not funny, make investor panic is not good. though that's just a joke, for now who would trust him 100%

Good point about telegram, as someone wrote, it's probably that he was forced to change his mind.