Bitcoin Forum

Great concept but your FAQ are way too big

I see you made few spelling mistakes.
I sent you PM so please correct them if you can.
Thanks  ;)

Thank you for your feedback and for pointing out the typos, we corrected them. For further hints or feedback please do not hesitate to contact us.

We want to explain even the most complex cases and leave no questions unanswered. As such, it may be a bit extensive.

I found few more interesting things for you SavAct.
Please read PM
Thanks

That is, SavAct will become an intermediary between all online stores and customers?

You want to make online shopping safe and that’s a great idea

I don’t understand how viewers can influence the video content posted on social networks.

How is this possible?

When does token sale begin?

There is very little information on the site. Have you just started developing a development strategy?

The basic idea of making trading safer is good at first, the realization of it by them isn't thought through. Coins that were send can be eradicated even if the merchant is legit and they boldly clain that won't happen. Can't image any merchant accepting such payments. That concept is not great at all and there is little information in their whitepaper about anything. Honestly, the proof of concept is nonsense.

The guys already have a functioning wallet for smartphones on Android and PC.

This shows that developers know and are able to use blockchain.

Now there are a lot of multi cryptocurrency wallets. What is the fundamental difference and advantage of your SavAct wallet?

SavAct works without the involvement of a third party. So you still keep all the benefits of cryptocurrencies while making e.q. fake shops not worthwhile.

They did create a walletapp without having a working currency. Sounds like some script kiddies trying to make some money

QR codes can be used in the video, so that viewers can easily vote on how to proceed by scanning the QR code.
You can check out our app, which offers a preview of this function.
During a live stream the voting can be done in real time.
In a pre-recorded video the voting could be about the content of the next video, for example.
In contrast to other voting systems, the viewers can invalidate the vote, in case the content creator does not stick to the result of the vote.

Thanks for the informative video. On the Internet there are a lot of scammers selling non-existent goods.

I hope that SAVACT will be able to deal effectively with this.

The development is currently in progress. There is no fixed release date for now. We will announce the release date on our website in the near future. Stay tuned and feel free to follow us on our social media for the latest news.

As I understand it, your first product was SavAct wallet.

Now your developers have come up with the idea of creating an entire ecosystem that stimulates safe online shopping.

Have you already received a patent for your development?

Do you have a license to store digital assets?

Welcome to the BTC Talk forum!
Could you elaborate about your problem with our proof of concept?
This would help us understand you better and offer a better product!
Your worry regarding transactions being invalidated without a good reason is mentioned in our FAQ, under point 8.

FAQ : https://savact.com/menu/faq/

We have also calculated potential losses from such cases in our proof of concept.

The purpose of SavAct’s wallet is to manage the SavAct Token and Coin.
Our App is currently in the Preview-Status, so for now you can check how you can execute transactions and votings with SavAct exclusive features. Furthermore you get to see the latest news about SavAct.

There is currently no fixed date. We will announce the date on our website and on our Social media in the near future.

Your project is interesting, but I do not understand how SavAct will feature the real Internet - shops from fake when I  onlin-shopping.

We start our business in Singapore because legal implementation is easier there. More information on the legal situation can be found in our legal terms.

The SavAct miners are financed by the distributions to the system. Thus SavAct works even without further fees. See chapter 2.3 of the White Paper.

Like we previously expressed, the app is currently used for preview purposes.
The “script kiddies” you mentioned would not found an official company, register a trademark and submit two patents. This requires a large amount of pre-financing that “script kiddies” would unlikely have access to.

See also : https://euipo.europa.eu/eSearch/#details/trademarks/017946293

When is it planned to exit the preview stage and enter the operational state?

I would like to see how your wallet will work with the blockchain

Perhaps they want to create a rating of online stores with real reviews that will be recorded on the blockchain

After you sold goods and shipped them to the customer, the customer can just destroy your funds with no reason or control at all (very bad for an anonymized market). As a seller you just have to trust the buyer. Savact worte in their PoC that this literally wont happen often, but derived that conclusion from an absolutely unrelated dataset using ebay customers ???, which is worthless. Apparently they already had an ICO, which I can only guess failed because they are not revealing any numbers. Smelly fishy, so its a no for me, DYOR

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

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

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

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

How is your cryptocurrency different from many others?

Can your project be implemented on any other blockchain?

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

Just before the ICO.

Do you have a legal opinion on your token?

Can US citizens invest in your project without accreditation?

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?

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

Thanks SavAct we can get rid of fraudulent online stores

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.

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.

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?

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

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. :)

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 (https://savact.com/SavAct_PoC_en.pdf):
Table 3 - Fraud possibilities in comparison if no agreement can be found. Successful fraud is marked using red underlined font (https://savact.com/images/PoCTb3Fraud.png).
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 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.

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.

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

It takes a huge budget to organize IEO

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.

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

Since whiteweb and darkweb markets are in essence not the same, you cannot simply conclude from one to another. I´m quite surprized you even tried that and build a theory around it, which because of its missing logic is worthless. The „very low“ risk of the seller because of the increased “trust” when using your currency, is just an assumption, sadly not proven in the PoC and disregarding the fact that illegitimate cancellation of transactions would leave the seller with empty hands and thus in disadvantage compared to escrow services. I guess that lack of reasoning may be one of the causes you missed out on your ICO in the first place.

That is, all online stores that do not accept SavAct cryptocurrency are obviously fraudulent?

ICOs were banned in China, but not in Singapore. The USA are commonly excluded from ICOs, because they otherwise require fulfilling complex requirements. These are very cost intensive which is why we excluded USA from our sales for the time being.

If that were the case, but not a single project would conduct IEO.

I think you're wrong. Now IEO is the only way to attract investment in blockchain projects

It is possible that now SavAct team is finalizing the strategy and ideas of its project.

At the moment, the project needs to be finalized, but the idea is very useful for Internet users.

Judging by the information on the site, the SavAct team has not yet decided how exactly they will attract investments.

Most likely they will conduct IEO, because this is now the best way to attract investment

In order to accept investments from US citizens, accreditation is required.

Is this such a difficult process?

Especially since I think you are counting on the US market

This means that trust in little-known online stores that refused to use SavAct is much less than in online stores that accept SavAct cryptocurrency

Are your team planning to participate in blockchain conferences in Asia? I would like to get to know your team more closely and discuss your idea

Do you have preliminary agreements with cryptocurrency exchanges about listing your coin?

Do famous blockchain experts support you?

In order to require KYC confirmation from investors, the company must obtain a license to store personal data. This is a long and expensive process.

Are you planning to release your browser plugin that will show the level of trust in online stores?

Events are an important part of marketing for any project, but the SavAct team has not yet announced any events in which it will take part.

There is not even a SavAct team on the site. You can find it in white paper.

I did not find information about partners or advisers

Where is SavAct voting system applicable?

What are the advantages of a paid voting system from a free one?

The site indicates that you are undergoing the registration process in Singapore.

Why did you choose this country for registration and what type of activity do you register?

Voting will save us from unnecessary advertising. We can support the blogger financially and he will not monetize his videos

How can users exchange SavAct cryptocurrency for fiat funds?

Will it be possible to do this in your wallet or will you need to use the exchange?

You can convert SavAct cryptocurrency to fiat (dollars, EURO, etc.) on the exchange.

The list of these exchanges will be known a little later.

In this case, the community can at its own expense improve the quality of the material published by bloggers.

I like your idea

Singapore and Germany have become world blockchain states.

You have made the right choice if you want to provide services worldwide

SavAct is at an early stage of development and now requires product development and an investment round before organizing events

Since savact doesnt provide the funding before a voting action because of this deadline, the funding of voting results can be done after the vote with any other crypto. There is no difference whether one pays before or after the voting action, since in both cases the transaction takes place after the voting action. I´d personally choose the latter, because its simpler and there is no threat of losing the funds if the vote action is not performed. Why would one ever choose to throw their funds away, if they can fund someone later riskfree? So when looking at vote funding, savact seems to be obsolete.

Many projects hold events before the start of investment collection.

Events involving the team always increase the level of confidence in the project

Now there are several projects that provide the ability to instantly convert cryptocurrencies to fiat and output to a debit card. Perhaps SavAct will collaborate with such projects

If the seller has already sent the goods, but the buyer refuses to pay.

What will happen in this case?

This will contribute to the development of scientific channels on YouTube, because users rarely pay for entertainment.

Will the blogger get paid at SavAct?

I think that the seller in this case receives some compensation or even the entire cost of the goods. As far as I know, the buyer is always the first to pay for the goods

Is it safe for customers to use online stores that have added SavAct?

If the buyer does not receive the goods, will he be able to get his money back?

Do you plan to create your own marketplace in the future in which all transactions between the seller and the buyer will be monitored?

Users often pay a subscription not to watch annoying ads, so using SavAct will be useful for both viewers and bloggers

Kevin Tuncer is a member of your team?

I follow him on Twitter and often see him talking about your project

Interesting, some people definitely don't want ads along their platforms. Asides from that, what other features does SavAct provide to it's users that separates them from other buyer protection projects?

This allows the blogger not to think about showing ads and display quality content for his audience.

Can SavAct cryptocurrency be used for retail points of sale of goods?

Why do you think that SAVACT cryptocurrency will be able to effectively deal with Internet scammers?

What is the customer protection algorithm?

The algorithm and description of the probability of loss of funds are described in White Paper https://savact.com/wp_en.pdf

I think this is easily applicable, but what's the point?

If the blockchain has a high transaction processing speed and low commission fees, then users will be interested in using SavAct

Then how does this differ from Donate?

When sending a cryptocurrency, does the audience require any guarantees from the blogger?

As far as I understand, if the seller did not send the purchased goods, then SAVACT cryptocurrency can return to the buyer’s account

Where can I see links to the social accounts of your team members?

I want to be sure of the professionalism of your team

The audience votes for one or another version of the blogger’s channel development.

Thus supporting the blogger in material terms

What is the reason for delaying the start of the sale of coins?

Are you developing a new concept for your project?

Apparently, the participants in the transaction make a guarantee amount in SavAct coins.

Therefore, fraud is not beneficial for the parties to the transaction

That is, if the online store did not send the goods, then the buyer will receive his money back?

Is this algorithm described in the technical documentation?

Apparently, the SavAct team did not decide what they would conduct, ICO or IEO.

I hope that they will conduct IEO, as it is more profitable for investors

I'm not sure, but you can try to find the SavAct team in linkedin.

Usually all users are registered in this social network.

I am also interested in this issue. When will the sale token be and do you have a legal opinion on your coin?

Sadly not, because in the end there is a risk that the merchant wont get paid.

The probability of fundlosses savact has calculated is false. They used non-randomized data from ebay and assumed the darknetmarkets have the same amount of scammers as ebay, which they dont.

No, the funds wont be returned. So savact is not a buyer protection

The whitepaper does list a team, but social media tells otherwise. None of them do really seem to have any real relationship to savact.

This seems to be not their first failed project. There was another canceled kickstarter project back in january 2018

On which exchanges is listing planned and are the approximate listing dates of SavAct coins known?

The project has not yet begun the process of attracting investments and most likely at the moment they are adding information to white paper and to the site

Do you have advisors in your project who advise on the technical development of your coin?

I think this is a rather complicated project and you need a professional team

Does your project have reviews in the media or trackers?

I am interested in how crypto experts evaluate your idea and your project as a whole

I asked this question in the Telegram group, but the moderators are not too active.

No advisers listed on the site

Yes, it’s too early to talk about listing, since the SavAct team has not yet decided on the dates of the token sale

Who is the main developer on your team? I have suggestions for the technical implementation of the SavAct project

Perhaps you are right, but the community manager needs to respond more actively to user questions. As I understand it, SavAct needs a large community.

White paper indicates the presence of 9 team members. Is this relevant data?

Is your project being recruited to the savact team?

This information should be known before the start of the sale of coins, as investors must understand the prospects for profit

White paper identifies one Rüdiger Spies consultant
  (Patent attorney and Industry analyst)

Also listed is CLLB Lawyers (Legal advice)

Judging by the white paper, one of the founders and the main developer is Kevin Tuncer (Mechanical engineer (RWTH Aachen))

Why is there no fresh news on facebook or twitter?

I like your idea, but I want to watch the development of your project.

Nevertheless, I want to be sure that the people mentioned in the white paper really exist and are working on the SavAct project

Can you post links to your team’s accounts on social networks?

Cool idea. I want to see opinions from high-ranking users or blockchain experts

On his YouTube channel, Kevin Tuncer confirms that he is the founder of SavAct and talks about the concept of the project https://www.youtube.com/watch?v=aad7HIGPLnM

I downloaded SavAct Wallet from the Microsoft Store, but I can’t install it

What could be the problem?

Your site has Google+. But this social network has long ceased to exist.

I am watching your project, but you are developing very slowly. I like your idea, do you need new team members?

I also want to see the rating of this project on trackers.

Will your team be hosted on ICObench?

I saw that the project was hosted on icorating, but at the moment there is too little information added there.

I think the team has yet to add a project to the trackers

I follow the development of your project. When will the token sale be announced?

What kind of problem did you encounter?

This is a presentation version of the wallet. This version is not a working prototype.

I also like the idea of safe internet, as I often came across scammers who sell non-existent products

I think that the project needs to be finalized before publishing on trackers, because the site does not have a lot of important information

Which of the participants in the transaction carries big risks?

Buyer or seller?

Are you worried only about protecting customers?

At the moment, I don’t even understand if the team will conduct an ICO or IEO.

Now the site has very little information to understand where this project is going

At what stage of development is SavAct Wallet?

I'm interested in your project, but I want to test SavAct Wallet before investing

You can download and install the presentation version of the wallet, but this will not be a full wallet and blockchain

Great risks are borne by the buyer, since it is he who sends the money and waits for the receipt of the goods.

SavAct aims to protect the buyer

Your site is in a very raw state.

It will be difficult to count on investor confidence if you have not finished preparing your project

Most likely, the team is currently developing and is in no hurry to organize an investment round.

Nevertheless, the community manager needs to tell users about the stages of the project development.

This increases the credibility of the project.

Why did you set yourself the task of cleaning the Internet from scammers?

Have you often come across scammers at major marketplaces?

Therefore, the use of SavAct should reduce risks for customers and bring the possibility of safe purchases on the Internet.

I agree with you. The team must show that it can cope with difficult tasks before starting to attract investments

As I understand it, at the moment SavAct does not have the proper funding to hire a large professional team to implement the project. To do this, they attract investment

At the moment, this is an urgent problem for most Internet users.

I think if SavAct is working well, then the project will get a powerful community.

The founder of the project answers all the questions in Telegram.

I think that now there is no community manager in the team, so you can wait several days to answer the question

Nevertheless, the buyer still incurs great risks of losing money and not receiving the ordered goods. Will you insure users?

What is your team doing now?

I want to understand your plans for the near future and the stages of development that you have already completed

In October, a congress on cryptocurrencies will be held in Milan. Will your team participate in this event?

Now I want to get to know the SavAct team better in order to make the final decision on investing in the project.

What commissions will be in SavAct network?

Will it be a fully decentralized network?

How will SavAct cryptocurrency be related to the purchased product? Will this connection be indicated in the smart contract at the conclusion of the transaction?

If the transaction is declared invalid, will the money be returned to the sender?

Why is your team fighting for anonymity of transactions on the Internet? Do you consider this an important issue?

Now the SavAct team is busy developing the application and integrates SavAct-Token into it

The SavAct are mainly transferred to an uninvolved party, the token owners. Another part is given to the miners of the blockchain and another small portion is transferred to the development team to ensure ongoing development.

Apparently this is the basic principle of SavAct.

All transaction security conditions are accepted in a smart contract.

This is the basic principle of cryptocurrencies. Speed, low cost of transactions, security and anonymity.

This is all very important for cryptocurrencies.

What kind of third-party company are you talking about?

What equipment do you need to buy for mining on your network?

Also, by voting (using cryptocurrency), you can choose the development of a scenario from bloggers

As far as I understand, now the main task for the project is to attract investments that will contribute to the implementation of all plans

Which of these principles will SavAct adhere to?

What will be the speed and cost of transactions?

Blockchain development has been going on for about a year. The development is led by Kevin Tuncer with a colleague.

Now the team took a break to organize the IEO

I think that your concept needs to be improved, because you can not guarantee 100% security for buyers on the Internet

SavAct is worried about user safety, while the blockchain will have low transaction fees.

I did not find any information about anonymity

Why pay for the vote? It is necessary ? and what benefits will users receive from voting?

You are absolutely right. Therefore, the SavAct team is not in a hurry to attract investment, but is working on improving the SavAct project.

Kevin Tuncer has stated many times that attracting investment will begin when they can demonstrate that their product is already in the final stages of development

Users vote on the direction of bloggers. That is, for the material that he will publish in the future. They can also vote for the lack of advertising, which will positively affect the development of the blog.

Savact transactions will be done only after the deadline. Therefore a vote can be carried out by using EVERY voting system and the creators can be paid after performing an action with EVERY existing crypto. Savact doesnt introduce anything new, but rather an old mechanism. Savact also acts like ratings dont exist on tradingsites (to make their system falsely plausible), which indicates that they either didnt research well enough or implementing some kind of scam.

Is Fabian your main developer?

What projects did he work on before?

Does he have fun with blockchain development?

I also do not fully understand the concept of the project, so I would like the SavAct team to hold an event where one could personally hear about the implementation of the SavAct idea

For aliexpress, the seller receives money for the goods only after the buyer receives the goods. (delivery may be from 7 to 50 days)

Do you have any plans for listing coins? Perhaps you have partnerships with exchanges

Development lead Kevin Tuncer and Fabian

The White Paper does not indicate where Fabian worked earlier, there is such information:
Computer science (RWTH Aachen)
- C / C ++, C #, Java, Python

Several questions have arisen. You are also welcome to contact us in our telegram group (https://t.me/SavActGroup) to get a quicker answer. We have also answered many questions in our FAQ (https://savact.com/menu/faq/), please have a look there.
 
Which advantages does SavAct have compared to other decentralized voting systems:
SavAct “forces” the host of a voting to stick with the result, otherwise most voters might invalidate their transactions. Content creators can use these votings to fund themselves with the help of their supporters. The votings can be shared independent of the platform, for example as texts, images, or masks in video streams. You can find more information in chapter 2.2 of the White Paper (https://savact.com/wp_en.pdf).
 
Regarding the Proof of Concept (https://savact.com/SavAct_PoC_en.pdf):
It uses a prescriptive analogy model. This means that similar mechanisms of interaction are compared. The relationship between invalidation and negative evaluation was explained in the section "Relative frequency 𝑷 in comparison". Both actions have absolutely no advantages for the buyer and only serve to punish the seller. Thus, they are both performed for the same motivations. In addition, a couple of worst-case assumptions were introduced in the study, making it very unlikely that the resulting costs would be underestimated. We have linked the almost 2000 analyzed sellers, how they were selected and their data here (https://savact.com/PoC1_Dataset.pdf). So everyone can check for themselves that the analysis is valid.

Regarding the wallets (https://savact.com/about-savact/wallet/):
If there are any problems, please check if you meet the system requirements. If something still doesn't work, please let us know and describe your problem in detail.
When the token or coin is online, the wallet will be updated to be able to handle them. We also want to cover as many systems as possible and there will certainly be a browser-plugin, but currently we are working on the programming on the blockchain.
 
Regarding to getting the token and coin:
We want to build up some reach, partnerships and push the programming before we announce the sale. Furthermore, we are planning different projects which will grant access to the coin SavAct, but currently other tasks have priority.
 
Regarding to our team:
We don't know why some people make up such a groundless accusation. Well, our team consists exclusively out of real people. This can be easily seen by a short google research, in LinkedIn and Facebook are also some registered. On some listing pages our team members are even verified by KYC. If there are further possibilities to verify our team members, please let us know.

Furthermore, we are searching for more team members, for that we want to publish some job offer in the near future.
 
There were some questions about Kevin Tuncer, his social media channels and his previous Kickstarter project.
Kevin Tuncer is CEO of SavAct and has submitted the trademark application (https://euipo.europa.eu/eSearch/#details/trademarks/017946293) and patents through a patent attorney Rüdiger Spies. Kevin was already a lecturer in Rapid Prototyping and sometimes publishes some articles on his private social media (https://www.youtube.com/channel/UC7lWGU8i2q1ztid8woUV59g) channels, but mostly in German.
At the time during his master studies he had worked on some open source projects and started a Kickstarter campaign. He had developed a computer- and app-controlled camera track, but the founding was not sufficient in the foreseeable future. Therefore, the Kickstarter campaign was stopped before the deadline, so no founder lost money. The project was then made available open source and now everyone can enrich themselves free of charge. See here (https://www.kickstarter.com/projects/154976602/appslider-tuncertec) on Kickstarter and here (https://github.com/KevinTuncer/AppSlider/tree/master/AppSlider/Repetier) on GitHub.
 
Regarding to Fabian Kahlert:
Fabian as computer science master worked on a blockchain at the FIT (Fraunhofer Institute for Applied Information Technology) in cooperation with the RWTH (Technical University in Germany). Until the end of this year we are planning to upload more programming code.

How we came to the problem of buyer protection with crypto currencies:
Many fake vendors on the Internet accept crypto currencies because of the identity veiling, you can find many reports about it online. Some of the members of our team have also been scammed when paying with crypto currencies. Therefore, we recognized the need for a mechanism to prevent fraud while maintaining the benefits of crypto currencies. This means that the whole transaction process must be completely decentralized and without the influence of third parties. SavAct offers these features.
 
Regarding the payment process with SavAct:
The seller should not ship the goods until the buyer has sent the coins, of course with a deadline. Within this deadline, the seller should ensure that the buyer receives the goods. If the buyer does not receive the goods, the seller can extend the deadline or return the coins. How exactly this can look like with an offered product was described in chapter 2.1 of the white paper (https://savact.com/wp_en.pdf) section "Example 1: The use of the Coin SavAct in online trading". Ultimately, the risk of fraud is significantly reduced as fraud does not pay off for any party.

The whole Proof of Concept assumes that buyers and merchants on ebay behave identically in the same way as in darkweb markets. This is clearly not true. Disregarding this and the nonrepresentative dataset, the conclusions described in the Proof of Concept are simply invalid. Regarding the speed of development of the project there can be no doubt, that you have listed more members in the whitepaper than people that are actually working on the project. Looking at the slow progress I wouldnt be surprised if most of the members have no relation to the project itself. Kevin Tuncer didnt get sufficient funding for the kickstarter campain and the first ICO. Anyhow, either your "members" did really get scammed online, which indicates that they ignored the ratings of merchants, or they are lying to sell their product. Either way they do not seem to be thrustworhy and why should they be, they disregard the fact that decentralized escrow services do exist and work quite well. In the end, the risk of fraud by using savact seems to be even higher, because both buyer and merchant can loose the funds and the goods, leaving empty handed.

Now a few words from someone who has really read the documents and can say that:
Hibrabase, all your comments here are misleading and intentional misrepresenting. I don't understand why you're doing this