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As you now know, Savedroid "was" a scam. Here’s their website:
https://ico.savedroid.com/
https://i.imgur.com/yLPVhax.jpg

He even broadcasted it on Twitter:
https://twitter.com/YassinHankir/status/986551967932735488
https://i.imgur.com/wI80ydA.png


But here’s the deal. Yes, countless investors got fooled but guess what? It was one of the highest rated ICOs. In fact, over 40 experts (some deleted theirs after realizing it’s a scam) rated it and gave it an average rating of 4.0.

https://i.imgur.com/ZoldcdE.png


You can find a list of them here:

https://archive.fo/ySMOz

There should be an incentive for “experts” to thoroughly research and analysis ICO instead of just saying “good luck.” I am not posting it as a wall of shame. However, we do need to be vigilant and make sure such unfortunate events happen less often, especially when so many “experts” analyzed such ICOs.



Update:
I had some users pointing out that it would been hard to catch it as a scam because the company had many things such as physical address and passed KYC a typical scam ICO wouldn't have. I think that's a good point. My point is that experts should provide more comprehensive feedback on the ICO rather than just giving 5 rating with words like "good luck" or "strong team!" Yes, scams like this will continue to happen (though there are some that say that it might be a PR), but I thought that giving comprehensive feedback on such ICOs can reduce the likelihood of such unfortunate events.


As I noted in the post:
 "There should be an incentive for “experts” to thoroughly research and analysis ICO instead of just saying “good luck.” I am not posting it as a wall of shame. However, we do need to be vigilant and make sure such unfortunate events happen less often, especially when so many “experts” analyzed such ICOs. "

Update:
It's back but wow! That was a bad PR. :/ https://ico.savedroid.com/

I'm not so sure is SCAM - it looks like website and twitter hacked! Don't panic and wait

Solid, massive team. Nice to see some German projects coming through the ICO funnel. I like the concept, it's not new - there's a lot of projects wanting to simplify the process but this has a nice twist to it. Having said that, how will the savings accounts be affected by massive dips in Crypto like we had in January... shorting?

Found this on another thread just posted some hours ago:

https://www.ccn.com/over-and-out-savedroid-ico-makes-apparent-exit-scam/

I guess these websites recommending and rating ICO's clearly takes money from the team behind it, just like many people including youtubers promoted something like bitconnect - only to lure ignorant investors and newbies and running away with their money.

People who lose money by buying into these scams then go around saying the whole BTC and cryptocurrency are Scam.

It's common knowledge that ICO rating website are totally unreliable.

And by common knowledge I mean there is tons of evidence out there that shows they get paid to review and also flat out common sense.
If someone gets scammed because they were foolish and lazy enough to trust ico rating websites, then I have no sympathy for them.

As far as the exit scam, it is really curious and interesting...
So the guy publicly posted how he scammed everyone and exited?
Doesn't that just seem terribly stupid?

So either his ego is so big and he had to rub it in everyone's faces and all of this posting will be used as evidence against him and he will be screwed.
Or, he managed to escape to a place where extradiction is incredibly difficult.

Or, someone actually did just hack the accounts and is trolling everyone.

Hard to tell which it is...

I am not sure whether it is scam or not. But first of all we should not believe these kind of scam website. These kind of website not updating the real rating, If they got payment from the ICO's, they will show that as top and give good rating. So people dont believe this website and take decision

Those experts are people that get paid 50$ to do a review. You think any blockchain technology/ICO expert is doing this? They can advice numerous ICOs and blockchain startups and you'd think that they are sitting behind a desk writing ICO reviews for 50$?

You know right the team pay some money to be listed in site like ICO bench ? Almost all ICO do i guess. You cant really know wich one will turn to be scam or succesfull project in the end. But we learn something from something like this, we should very carefull with our money and never invest more than we can afford to lose.

I wonder why people still rely on ICO rating website. These guys do not care about their integrity as a rating site, and all they are busy looking for is to make money with their rating website and as long as they get that, they are fine. In fact, most of the ICO rating websites are the biggest scam of all. The only way to make it as an ICO investor is to do due diligence yourself.

By the way, that is like one of the funniest exit I have ever seen. It was more like the dude behind the whole thing (if that is his real face though) rubbing it on the faces of the investors like, 'Y'all just got screwed! Bye!! See you next time!!!'

It is just disappointing how the ICO space is being polluted and a lot of investors still falling for it and some would still keep saying regulation is not needed.



Come on guys! How else can it be glaring enough? How can both the website and twitter account end up getting hacked the same time? If that is the case, then why should I even trust such a team with my funds in the first place if they cannot keep their accounts and website safe? This is a scam, ICO rating websites suck and let's just call a spade a spade.

So the hacker have control Twitter account of CEO savedroid? I do not understand why if he scam, he dared to post a tweet like that

You should know that these ICO rating websites are all getting paid for their reviews that is why you shouldnt be trusting these sites,always do a lot of research because these people wont give out their reviews without getting paid,the so called experts are bunch of f*ckers who are getting the ICO situation worst which is why theres a lot of investors that are getting fooled becaue they re giving fake reviews.

Wait a minute... Yall think CEO's twitter was hacked?! I dont think so... Anyway, I'd rather hope for it but the fact is that this dude has cheated on hundreds or even thousands of people...

Anyone is on their telegram channel? If this is a hack, they should be there making any annoucement about this. But I am afraid this is another big exit scam ICO. Check this medium post by Theo Goodman, who checked their office in Frankfurt - it was empty... https://hallofrankfurt.de/savedroid-rekt-or-pr-stunt-a60d19e35ece

It looks bad.

That is clearly an exit scheme,which is why we shouldnt be trusting these websites to rely upon our review to these new ICOs,because most of these websites are getting paid for every good reviews that they have,we shouldnt be relying to these sites instead do our own digging to find those red flag campaigns which we would know thru digging to the web.

Only a fool will invest in a project because one website rate it highly without first doing his own research too, what people don't understand is that all these ICO rating websites are just doing thier works, they give their rating to the highest bidder, it happens everywhere, capitalism, money talks

ICO review websites are never a good source of these reviews,you should be doing your own thing as you are going to risk your money why would you choose to rely to these people? experts are getting paid that is why they are giving away shit reviews so that most of the investors are going to lose their money,they might be part of these scams that is why they giving away good reviews.

This is the news presently going round. One of my friends invested $1300 into savedroid. The question now is that can we conclude now that Savedroid is a scam. The reputation of ICO Bench is presently at stake, for listing this ICO. Well, they can only gain their reputations back, if only there is proper correction and perhaps it ends up to be just the work of hackers.
I am eagerly waiting to know the final outcome.

You shouldnt be trusting these websites,because the experts are getting paid so that it wont be accurate all the time,they might be part of these scams which is why they are giving good revies out of nowhere,shouldnt be trusted as well as those f*cking experts which doesnt have credibility and doesnt know how it feels when you got fooled by these schemes.

This just proves two points, one is that the ico rating websites are no guarantee that you cannot be scammed, secondly even if the team is open and transparent during the ico it can still run away with all the money after collecting the funds.
Last but not the least, always remember the rules of investment like; never put all your eggs in one basket, only invest what you can afford to loose and every investment is risky.

Review websites arent reliable source as those experts are getting paid by those ICOs,which they can give any good reviews from anyone who pays them,which is why we should be doing our own research to prevent such scams,i am not a techy guy if i wont see any good members in google,i wont be investing because hidden profiles means they are going to do something.

do not be decieve be many online rating and reviews you see on media. All this does not justify a real project. infact saying this from experience many ico listing and review platform are being paid to feature their ICO and also to get high rating. I have ones work as a digital marketing officer of a top ICO review and listing platform. during this time I use to recieve and also send message to ICO for listing and rating on the website. so the fact that ICO bench rate savedroid doesnt make save for investment. they are just doing what they are paid to do

I fully agree that you can not invest all the money in one project - this is the basic rule! I choose about 5 ICO in which I invest and when I evaluate the project, I certainly look at the ratings, but I do not always trust them! Earlier I thought that John McAffe was a good expert and listened to his opinion, but now I see that he simply takes money for advertising ICO 250 000$

Those experts looks like dickheads which are getting paid for every shit review that they giving to these new projects,unreliable as ever,these sites shouldnt be a reference because most of the review are scams.ICOBench is one o the most corrupt and biased cryptocurrency ICO review website which is why you will need to do your own research before investing to anything.

Indee ICObench is never a good source of reviews,the experts are just normal users which are getting paid by these ICOs,
normally these people does know some basic blockchaim knowledge,you can easily know which of these people are experts ,most of them giving ratings without comments are just shit people from nowhere giving their stars.

Of course it is not a reliable source,those shit experts are the reason why most of the investors are losing their money,they are giving shit reviews from these projects that is why most of the investors are risking their money without digging up some informations about the project.Best thing to do is to do your own research so there will be no regrets.

And I thought that this project is not going to end well. I was skeptical towards him from the very beginning and now I understand that it is not in vain.

If this is a scam then ICO rating means it cannot be trusted. These ICO rating sites are already fully paid by their clients and doesn't care if this ICO's are scam or not. Bette do your own diligence and do not rely on ICO ratings anymore.

This is the reason why we shoulnd be trusting these ICO rating websites because they are just getting paid everytime these new ICOs asked for their reviews,most of the new investors are the targets of these website as far as i know there are only 2/10 new investors are doing a lot of research before investing to something,these websites shouldnt be trusted.

I don't take part in the ICO but a good friend from me does. At the moment i dont think that savedroid is a scam , I think it was a pr move. I hope i'm right with my opinion because of all the people how invest in this project.

It is still not clear, what happened to savedroid, yet it may be either a scam or an extremely inappropriate marketing (their funds are actually in their wallet and they are not gone, according to the team). But this topic doesn't look right.

Let me explain why. I totally agree, that the ICO industry has to become more mature and has to implement better Due Diligence standards. Although, this particular case is by no mean can be an example for some expert's overlook or something, which audit would catch. Long story short: The CEO of the company, which existed since 2015, had the real team and the real office in Germany, and even got funding from professional VCs and those VCs on their Board... that CEO just ran with company's money. What kind of due diligence would catch that risk? I've worked in the PwC in the business evaluation and audit, and I can tell you, that there is no test for this risk. Anal probe? Wouldn't work.

Also, it is fun to mention, that ICOBench score for savedroid was actually below their average score for the successful ICOs and way lower, than most of other ICO review platforms gave to savedroid. Just a simple list:

ICOBench: 4.0 / 5
TrackICO: 4.8 / 5 - https://web.archive.org/web/20180412080252/https://www.trackico.io/ico/savedroid/ (https://web.archive.org/web/20180412080252/https://www.trackico.io/ico/savedroid/)
ICOHolder: 4.28/5 - https://icoholder.com/en/savedroid-17375 (https://icoholder.com/en/savedroid-17375)
WiseICO: 4.8/5 - https://wiserico.com/ico/savedroid (https://wiserico.com/ico/savedroid)
ICOTokenNews: 4.7/5 https://www.icotokennews.com/icos/savedroid/ (https://www.icotokennews.com/icos/savedroid/)

And that is the case with every single website out there, which made a review or rated savedroid.

It looks like ICOBench and those experts actually did way better, than anyone else from the public space. Am I missing something?

Why is this savedroid thing became something, which Analyst101 is trying to use against those guys, who actually did better than everyone else? It really smells very bad to me. Smells like some black marketing attempt, especially taking into account other Analyst101 posts - he is obviously a freelancer (translation, "reviews") looking for paid job. I do not really see, what is his agenda here (may be none, just some merit fishing), but I doubt the whole point of this article, since the logic behind the reasoning is twisted and doesn't support the point, but on the contrary.

The real problem is not some guys publicly engaging with ICOs and publicly expressing their personal opinion, the problem is in many of others, who pose as professionals or experts and in private conversations are trying to lure investors into high risk investments (and ICOs are indeed all in this group). They even sometimes start private companies calling them BlaBlaBla Investments\Fund\Ventures etc to use such entities as a deceit to cover up the fact, that most of them have a very limited knowledge and has very low experience in both venture investments and crypto industry. They are making ordinary people to invest into extremely risky projects, because they know the selling tactics. Many of them have a relevant background in traditional financial products sales, but were not successful there. They do not understand enough neither blockchain nor decentralized character and advantages of this new industry, so in many cases they actually hurt more than do good.

Whoa, I didn't expect that. I am not trying to extort anybody.  I am just saying we should be careful next time. Yes, there are other rating sites but I happen to noticed it on ICO bench because I use the website (I mean whether it's lower than other rating agencies, 4 out of 5 is still very high compared to most other ICOs).

Also, I do translation and research for fun. I already have a full time job :D
If you are interested you can read some researches here:
https://bitcointalk.org/index.php?topic=3297848.msg34419745#msg34419745
https://bitcointalk.org/index.php?topic=3320186.msg34680866#msg34680866

But yes, you do bring a fair point. It's hard to catch it. The CEO passed KYC and he attended several key meetings and conferences. However, I had problem with some experts just giving 5 rating with a comment like "good luck" or "strong team!" I feel like they should done more analysis and point out strengths and weakness of the project whether it turned out scam or not.

I'm not sure if it's real or not. I hope that they will comeback soon! that's why i don't want to post anything information about me it's cleared that hackers is controlling their Twitter account. I hope this CEO will create new account so that they will update their new website

That is obviously a great example, why I wouldn't take seriously your analysis. The average score of the running and launched ICOs at the ICOBench as of now is 4.23 (you can easily check it with their API) and it is even higher for the ICOs, that were funded (call it successful). Below average can't be called very high, you are wrong. Real analysts check and prove their numbers, they are not jumping into conclusions.

The same happened to your initial post. IT called wolfs and pointed at witches, but everything turns out just a bloop.


With all due respect, hope it is not in analytics. Or, may be, you do not
If you are interested you can read some researches here:
https://bitcointalk.org/index.php?topic=3297848.msg34419745#msg34419745
https://bitcointalk.org/index.php?topic=3320186.msg34680866#msg34680866[/quote]

I've read them. It won't benefit this discussion to dig into them. Let's say, that I wouldn't really consider showing a substandard work to public, if I were building a professional record. Unless you are in school and learning some basics of of essay compilation or TA and eager just to show off.


This part is OK, I agree to the part of the baseless rates (there must be punishment for them in one way or another). But it does not relate to your initial message, which screamed about the very different points.

The news went already yesterday and yet they didn't bother to do any announcements, as if they were never trusted and as if no one will get frustrated, they should at least make a move now if they were not into scamming, another successful project run, so sad that even they are trusted they still choose to be greedy.

I mean this is what I wrote on my original post.
"There should be an incentive for “experts” to thoroughly research and analysis ICO instead of just saying “good luck.” I am not posting it as a wall of shame. However, we do need to be vigilant and make sure such unfortunate events happen less often, especially when so many “experts” analyzed such ICOs. "

But yes, I understand your criticism. My research should been better. However, even if they had 4.0 or higher, it's hard to find projects with over 40 experts rating on it. Recent ICO I can think of would be Friendz with over 67 experts rating it. I believe there's a difference between few experts rating it high compared to several experts rating it high. But yes, the research should been better and more professionally. Thank you for pointing it out. Also, thank you for your stats. It's quite interesting.

That is pretty epic if it is for real and I hope you all learn your lesson but I doubt it..

With all this happening, we need  a regulating body for ICOs here in this forum. This cannot happen again. The CEO and team members must and shall abide to the terms and conditions before starting an ICO. I bet that is doable. All we need is the right people, the right team to scan and preview these ICOs before they launch. We need an identity escrow such that whether these scumbags run away with millions of dollars, we can easily track them and get them taken down.

try to be patient first until there is an explanation of the related, spertinya related website there is a hack if you see the condition like that.
But I still believe if this project is not scam, because the owner itself is still active in social networking.

Social media mainstream contributed a lot about the awareness of cryptocurrency worldwide, it is also a good marketing arm to promote your crypto-related business to be fully recognized and to help generative lucrative market shares, this only happen when you have a good standing and credibilty. Otherwise social media is a good tool to screw you up.

It just shows that we can not rely on the ratings given by any website ,  we need to reaserch the projects by our own before investing. I feel sorry for those loosing this money in this ICO i also have friend given some effort promoting it ending up to be a free advertisement.

First rule of ICO dont look for ico rating sites
All this raters scam you for some btc from devs scamproject

Di pa natin masasabi kung scam talaga yan maybe na hack lang ung website nila or what. Wait for further announcement at siguro sumali ka na din sa telegram nila para malaman mo ung response ng community ng savedroid about jan. And as far as i know ung ICO bench nag rrate lang skila kung gaano kaganda ung ICO inaanalyze nila kung papatok to sa masa pero di nila hawak ung pag iisip ng tao kung gusto nito man loko so walang kaso ung ICO bench kung magiging scam nga,.

---

Edit:

I thought that this topic was in my local thread sorry.

english translation:

We cant be sure yet if it is really a scam or what, because maybe their website was just hacked. Lets wait for further announce and better join their telegram to be updated about the issue as well as you will know what the community of savedroid will do. And Afaik ICO bench are just site whom they rate on how good the ICO is and if it will boom in the market however ICObench don't hold the people on how they will act so if they choose to scam their customers it is nothing to do with ICObench.

unexpected project class ico savedroid alone can be a scam
it's a lesson for all of us to choose a truly transparent ico
I hope they can be caught and input into prison immediately

haha, again such a nice and promising project whos got high ico rating scammed us again, what a pity and i got invest on there too.

what a pity, and im already invested 1 etherium on that savedroid ico, their site and project so promising that make many of us got cheated. :'(

I don't know if Savedroid is a scam or not because, a lot of my friends are already joined in that ICO and I think they invest in there. In their telegram the update was all about the missing developer and the whole team. They must not do that because, they will never escape in the hands of the hunters. Most of the investors are people with a high knowledge about crypto currency ICO and they will hunt you and accept your fate.

With this happening to icobench giving a high rating to a turn out ico scam project then it is a lesson for all us that we cannot rely on the experts rating on a certain ico , our selves should be the one researching.about the ico before investing.

You are right, it's good idea to searching of ICO before joined, don't believe of the website rating of ICO
I hope the dev of savedrois go to jail.

Oh! I see!! Thanks for the enlightenment, we sure learn every day. However, even if it turns out not to be a scam, I still feel that a very good team should have been able to look at all necessary loopholes to avert such scam. I still insist that if such could have happened, then why should I be able to trust that after investing, something even more crazy that can jeopardize investor's funds won't happen. (Just my thoughts)


Response is thesame as above.


Well, let's even assume that everyone is speculating and this is not scam, don't you think by now the team should have been able to find a medium to communicate to investors? Or probably we should just assume that their telegram account was hacked as well.

Also, I agree we cannot put all the blame on ICO rating website, since the investors also have a part to play and should at least do some diligence. Nevertheless, I still stand my ground that ICO rating websites are not worth banking on to make decisions and they are never useful. That is my take!

Obviously and clearly that it is a scam. The dev ran away with a whole $50Million, saying thank you over and out to the investors. I really don't believe what others are saying that the website is hacked. A spam bot is summoned in their telegram group and not even a shadow of an admin is seen. Now I am doubting how the experts will rate the next and other ICOs.

yes, i heard about this news. I really do not know what savedroid to be really a scam. and if true this is very unfortunate. hopefully this news is not true

In fact, most of the ICO rating websites are written on the basis of what we know online. Few rating websites can do field visits, which is actually a difficult point.

Its NOT a scam

http://anditsg.one/

At least.. this was not a good campaign

https://twitter.com/savedroidAG

Turns out savedroid wasn't an exit scam after all lol, just a really bad PR gag

https://cryptoticker.io/savedroid-back-online-exit-scam-to-send-a-message/

As of now, Savedroid staged a public stunt. They said they sent a message to all investors bla bla bla. But anyway, that is very unprofessional what they did.

very unexpected action. I don't think, that it is a very good joke. I think many Savedroid investors were shocked yesterday. In such situations, it is best to wait a little and then draw conclusions

You really need patient bro, don post some project are scam because suddenly you cant reach them you can always consider technical issues as a reason so you wont panic if something like this happen again. Just chill SVD still alive and kicking nothing really to worry about.

In fact the majority of investors aren learning from the previous ico. And this is not a good joke man. This looks weird, remember CEO of centra was appearing so many times and then they are scamming investors on the centra project and run with a lot of money and then they getting caught by US security. If savedroid ceo was doing it and he already known what he was dealing with.

Today I received this email:


SAVEDROID WAS HERE, IS HERE AND WILL BE HERE
Dear savedroider,

After some very crazy last 24 hours you for sure have many open questions. We do owe you an explanation! Therefore, our CEO Dr. Yassin Hankir has recorded a personal message to resolve the situation. Please watch the video below to understand our motivation and vision behind this campaign.


https://www.youtube.com/watch?v=o5_bwFf_byo&t=6s&utm_source=savedroid&utm_campaign=140f098e24-Weekly_Update_4&utm_medium=email&utm_term=0_3c4ddc4bfd-140f098e24-25091555 (https://www.youtube.com/watch?v=o5_bwFf_byo&t=6s&utm_source=savedroid&utm_campaign=140f098e24-Weekly_Update_4&utm_medium=email&utm_term=0_3c4ddc4bfd-140f098e24-25091555)

what do you think about?



I'm very doubtfull about that....

Why was their offices empty?  ???
surely he might have gotten hunted down and claim it was a hack or something?
but someone said the twitter picture is an old one, so there might be truth to it

Me too, I still don't trust ratings site. The savedroid team move was a bad one although they wanna make a point and a mission to put an ICO standard. I gotta say, they are kinda odd when it comes to thinking something. It was just a bad act, we don't know yet the gravity of the event but I didn't suspect it was an exit scam until I get a statement from their lawyer or from the police authorities.

Hmm concerning about Centra yeah thats a big scam considering the project really went well. So yeah you might be right and cant blame investor for being rage about what SVD did since Centra did something like that too. They explained it but still so many people doubting i hope they can fix the problem soon so we people wont panic.

Nothing to worry about? They lost the trust of people. Even if that was PR or something like "we wanted to show the world how easy it is to exit scam" - they may have ruined lives of people. Imagine what reaction it may cause to non-stable people who went "all in" - they might commit suicide after "exit scam". You really think that they have done the right thing and there is nothing to worry about?

To many bad though's spreading about them and looks like those one are valid since the savedroid dev act so lazy and shady these days. And how pathetic for their them to act like this while they are so successful on their crowdsale and people should learn a lesson from this since eventhough they came back and payed they will surely still scam if their token get a huge balance on exchange.

Because he can? Hacking all social platforms is not so easy as you think and I highly doubt that someone can hack Telegram accs of all admins in the chat. So they have done it on purpose.

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

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%

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.

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.

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.

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.

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.

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

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.

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.

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!"

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

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.

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.

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.

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.

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.  ;D

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.

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.

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..