I have some question. If peoples contributing in ICO or PRE-SALE, they need to provide KYC to Savedroid? If yes then how many days they are taking to verify KYC details?
Copied from https://ico.savedroid.com/sale/: Documents/information required (KYC) These information are required by regulatory and compliance to prevent money laundering Level 1: 10.00 - 849.99 € capturing name and country Level 2: 850.00 - 4,199.99 € Level 1 + photo of ID card or passport + selfie Level 3: 4,200.00 - 8,499.99 € Level 1 + Level 2 + proof of address via utility bill (if not included on ID card) Level 4: >= 8500.00 € Level 1-Level 3 + capturing source of funds Big deals: >= 100,000.00 € further proof of source of funds on request Thank you for this information. you can see that it is an ICO in Germany. Many stricter specifications. Of course, this is partly due to the fact that you open a bank savings account, and on the other hand money laundering should be prevented, they want to know exactly where your money comes from. So I have to look for other ways to hide my millions of moonstone sales from the tax office Dear god it would be amazing if all ICO's followed this sort of level based identity verification. The fact is somethings i put in only 20-100$ in an ico and they want my left arm to confirm who i am. I'm sorry but KYC the extent of ID verification etc, really shouldn't be needed for <1000$, it seems savedroid realizes this and is trying to allow people to scale their relinquishing of information with their investment size. This is how the real world works, i don't have to give utility bills to send my mom some money from western union why should i to buy 500$ of a coin... Really hope the team knows how appreciative those small investors like me find this kind of scale based KYC. I really do agree with you on this, savedroid is giving everyone the opportunity to be part of this, when starting up a project, is necessary you weigh the odds of secluding a particular set of people in terms of finance etc, erasing the errors of this odds makes the project solid, i really do appreciate savedroid for this |
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Wow, did you see how much profit you made by participating in ICO? 1700% !! That's great. They seem to have a good hand there.
And with mining, they made 63% last year. That's very impressive numbers
I see, my investment will be in good hands
Hey Fauler, What do you mean by, did u see how much profit u made by participating in ICO? 1700%? Where did you see this figure and also - what exactly does it mean, Luxcess team made 1700% from what?? Thanks in advance Actually I have also that question. Where you did saw that profit? I mean any news or any updates or any latest meeting? Please mention that reference link if available. Because of that news is confirm then investors also know this news. You both should take a look in the whitepaper. Page 29 They participated at ICOs from VIBE, QUA, KICKICO, ICN, SNC, CMD and NEO and made 1700% with their investment. There are a lots of informations about their perfomance the last 2 years, take a look! Now these are the things that excite me in projects, people with real life experiences, with purpose, i'm yet to finish the whitepaper but is good you brought this up for the community to see and digest, they obviously have what it takes to move LUXCESS forward |
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They just distributed the Bar tokens from the bounty program yesterday, some of them are probably selling now this is why the price is at All time low right now. I am going to keep holding my tokens and let the weak hands sell. It's still to early to dump your tokens, it's not even listed on any official exchange yet guys please be patient. I am sure this is one of the best project this year, I am going to wait atleast a year before thinking about selling.
you are right,I think this is the reason for the price correction, more than a million BAR were distributed for bounties Definitely a good reason for dumping and unfortunately one of the disadvantages of a big bounty/airdrop - however, let the weak hands sell now. you will be laughing in 1 years time once the has been fully developed It seems like it is true, that most bounty hunters just dump their tokens as soon as they get them. So are all bounty tokens distributed right now? In a situation where the project is a solid one, with reasons for a whole lot of people to invest, even most bounty hunters will hold, i can only feel such may happen in a not so good project, things like lending projects where majority can easily dump because they no longer have the need to hold, but for titanium, i'm confident |
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See what happened in the crypto market today. Morning it was 20% down in all famous altcoins and bitcoin was down some 10%. All recovered. This morning would have been an ideal time to buy ETH for investing in quality ICOs like Luxcess. Missed it bigtime.
Yea. Good time for stocking major coins for investing on minor coins. If so happened in a flash that if you weren't ready of in front of your computer you won't even notice. LOL you mean we're not all glued to the screen to grab bitcoin for investing in the like 5 minutes it dropped into the 7000s, i know i wasn't sadly  Either way the retrace on bitcoin was expected by pretty much all it was too high. It's good to see the strong cryptos still fighting to stay near positive these last few days, it'll be interesting to see how investment platforms like luxcess can perform in a bear market and not just in a bull market, performing well in a bear market is really a triumph for a trade platform. That is actually one of the advantages of Luxcess. Their investments are very widespread, so if one market is struggling, they have other markets to gain profits from. It would have been great if in those bearish days of the crypto market I would be able to make good profits from gold for example and return to crypto when it's back on it's feet. OH really haven't given thought in this direction... How verifiable is this claim that investment will practically go into gold to make up for crypto loss when in bearish mode? I'm not saying they will but what i'm saying is this, in a situation where their portfolio is diversified, there is the possibility of Luxcess to switch and generate revenue from other means when cryptocurrency is not showing significant progress in the market. We're talking trading her, saying cryptocurrency not showing significant progress will never be its issue. Holding crypto may be variably profitable, but the volatility of crypto will always mean its an insanely good target for day trading. But your right that its really good that the group should be diversified if for nothing other than peoples peace of mind in the event of big corrections like the one these last few weeks. I'm not disputing the fact that is not trading, i'm been specific on the portfolio aspect, every aspect of it is related to trading but giving the community of the opportunity to diversify is a good thing, revenues can easily be generated for Luxcess thereby giving the project a solid foundation |
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Will the Savedroid user have any say in how their savings will be invested or will this be calculated by evaluating their attitude to risk?
For example will Savedroid create funds/portfolios with a mixed bag of different types of assets for customers or will the customers get to choose each individual asset themselves from a selected list of assets?
I think this quote here might answer you question:
Question about investing in cryptocurrencies: In the app, my saved money is automatically invested partly in cryptocurrencies. Are these cryptos always given, or can you choose them yourself? I could well imagine that as an additional option for more experienced users
The primary idea is definitely that our AI handles that for the users. But we're always looking at community feedback and if there's a need to change crysptos manually we will consider it somehow. In my opinion an option to manually invest is a must as more advanced users will definitely want to have some control on their investments. So, all users of the Savedroid app will be invested into the same investment portfolio. The investment strategy of the portfolio is decided by the Savedroid AI software which is sort of like a robo-adviser. I presume the AI software bases its investment decision on past performance/charts, media articles and social media data, could someone please confirm if this is correct? I don't think all users will have the same portfolio. I assume the AI will choose the portfolio of each user based on his specific parameters. For example, different users will have different saving goals, and the investments would be chosen according to that. Also, users with small amount of money to be invested would have a more static portfolio as changing it to often will won't be profitable because of the fees. This is just my opinion if course, don't see the point of an AI system if everybody has the same portfolio, but of course this needs to be confirmed by the devs. Yes, each individual has their own preference, not everyone has same saving habit, i believe an opportunity is given for everyone to select what best suit them, set and allow savedroid go to work, it doesn't make sense if all have same portfolio, every good project offers flexibility Maybe there will be crypto packages to choose: 1 not risky (BTC, ETH, LTC, ..) 2 little risky with not so well known Tokens out of the first 3 very risky: complete unknown tokens, ICO, shitcoins :-) Lol, funny you, i'm sure the team knows what's best, at same time, the individual knows what's best for him/her, so is like a two way thing and the ability of both parties co-existing as one will lead to savedroid going platinum |
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See what happened in the crypto market today. Morning it was 20% down in all famous altcoins and bitcoin was down some 10%. All recovered. This morning would have been an ideal time to buy ETH for investing in quality ICOs like Luxcess. Missed it bigtime.
Yea. Good time for stocking major coins for investing on minor coins. If so happened in a flash that if you weren't ready of in front of your computer you won't even notice. LOL you mean we're not all glued to the screen to grab bitcoin for investing in the like 5 minutes it dropped into the 7000s, i know i wasn't sadly Either way the retrace on bitcoin was expected by pretty much all it was too high. It's good to see the strong cryptos still fighting to stay near positive these last few days, it'll be interesting to see how investment platforms like luxcess can perform in a bear market and not just in a bull market, performing well in a bear market is really a triumph for a trade platform. That is actually one of the advantages of Luxcess. Their investments are very widespread, so if one market is struggling, they have other markets to gain profits from. It would have been great if in those bearish days of the crypto market I would be able to make good profits from gold for example and return to crypto when it's back on it's feet. OH really haven't given thought in this direction... How verifiable is this claim that investment will practically go into gold to make up for crypto loss when in bearish mode? I'm not saying they will but what i'm saying is this, in a situation where their portfolio is diversified, there is the possibility of Luxcess to switch and generate revenue from other means when cryptocurrency is not showing significant progress in the market. |
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Will the Savedroid user have any say in how their savings will be invested or will this be calculated by evaluating their attitude to risk?
For example will Savedroid create funds/portfolios with a mixed bag of different types of assets for customers or will the customers get to choose each individual asset themselves from a selected list of assets?
I think this quote here might answer you question:
Question about investing in cryptocurrencies: In the app, my saved money is automatically invested partly in cryptocurrencies. Are these cryptos always given, or can you choose them yourself? I could well imagine that as an additional option for more experienced users
The primary idea is definitely that our AI handles that for the users. But we're always looking at community feedback and if there's a need to change crysptos manually we will consider it somehow. In my opinion an option to manually invest is a must as more advanced users will definitely want to have some control on their investments. So, all users of the Savedroid app will be invested into the same investment portfolio. The investment strategy of the portfolio is decided by the Savedroid AI software which is sort of like a robo-adviser. I presume the AI software bases its investment decision on past performance/charts, media articles and social media data, could someone please confirm if this is correct? I don't think all users will have the same portfolio. I assume the AI will choose the portfolio of each user based on his specific parameters. For example, different users will have different saving goals, and the investments would be chosen according to that. Also, users with small amount of money to be invested would have a more static portfolio as changing it to often will won't be profitable because of the fees. This is just my opinion if course, don't see the point of an AI system if everybody has the same portfolio, but of course this needs to be confirmed by the devs. Yes, each individual has their own preference, not everyone has same saving habit, i believe an opportunity is given for everyone to select what best suit them, set and allow savedroid go to work, it doesn't make sense if all have same portfolio, every good project offers flexibility |
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See what happened in the crypto market today. Morning it was 20% down in all famous altcoins and bitcoin was down some 10%. All recovered. This morning would have been an ideal time to buy ETH for investing in quality ICOs like Luxcess. Missed it bigtime.
Well it looks like the market is not exactly recovering when you look at the last hour change page on coinmarketcap. You still have the chance to buy tokens cheap i think in the next few hours and days it will go up and down all time. 2h up, 2h down:-) The market is currently very nervous, many already have the Fomo fever. others are using this again and are selling for a short-term plus of 10%. exciting days :-) Yes the market has been crazy for quite some time now. Fake news and FUD every day, and generally it seems like the big players are playing again with the market. Hopefully the market returns to a more stable state soon as those drops and recovers are not good. Oh its the normal movement of an unregulated but manipulated market. I dont think its crazy and the correction was nessesary. All about trading right and I trust the luxcess team, that they also can handle bear markets True, the cryptocurrency market is not regulated, so such can easily happen, Luxcess offers expertise in this in terms of their portfolio and is one good thing about diversification, if one aspect is not doing well they can easily switch to another market |
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I spent some time to get acquainted with your project.
The market for storing personal data is really much in demand, and this niche can perfectly evolve with the advent of blockchain technology.
And given that the hard cap was assembled so quickly, the project does have great potential.
It's a great niche market to be involved in, soon all businesses will be transitioning to cloud storage. most big businesses have started to transfer their data already but there are lot's of smaller companies that still use traditional storage methods. Massive market worth billions and hopefully Titanium can have a big share of this market in the future. I very much doubt that many large companies will soon have a new kind of data storage. No one argues, this will definitely happen, but enough time must pass to adjust andd use the technology. And what about Titanium, he certainly has a chance to take his share of the market. By not forgetting that in this niche there are many similar projects, and each of them is trying to achieve success. Look makersONE, I didn't say Titanium were going to do this overnight and I didn't necessarily say that Titanium was going to have a monopoly over the whole Cloud storage market. Hopefully (because I believe in this project) Titanium will be able to compete, the market is worth $100 BILLION and with TBIS' product they should be able to achieve a modest proportion of the market share. Which you agreed with in your reply to my comment. Yea and i don't really agree with makersONE, titanium already have the client base, their portfolio is not just from startups but big brands and we all know the fact that except your client ain't happy with you, they won't follow you anywhere you go, so is easy for them to migrate to this new technology |
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See what happened in the crypto market today. Morning it was 20% down in all famous altcoins and bitcoin was down some 10%. All recovered. This morning would have been an ideal time to buy ETH for investing in quality ICOs like Luxcess. Missed it bigtime.
Yea. Good time for stocking major coins for investing on minor coins. If so happened in a flash that if you weren't ready of in front of your computer you won't even notice. LOL you mean we're not all glued to the screen to grab bitcoin for investing in the like 5 minutes it dropped into the 7000s, i know i wasn't sadly Either way the retrace on bitcoin was expected by pretty much all it was too high. It's good to see the strong cryptos still fighting to stay near positive these last few days, it'll be interesting to see how investment platforms like luxcess can perform in a bear market and not just in a bull market, performing well in a bear market is really a triumph for a trade platform. Yea, my top priority of interest in this is the diversification of their packages, it gives luxcess some kind of uniqueness, so i really can't wait to see the total package in action, a project similar to this came out late last year, i got excited about it but it never came to life, so i'm sticking with this and see where its heading |
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market is bearish but titanium is holding strong such a strong community behind this project.... now is the time to buy more bars..  Theres a whole lot of FUD around crypto at the moment but imagine how well BAR tokens will perform when the bulls get back in! Hopefully this will happen soon! Yes that's right. they are doing really well. when cryptocurrency prices start to rise again, BAR will really go up like a rocket. I am already in the FOMO fever, I have to buy more BAR tokens, otherwise I'll be angry soon Yeah, Crypto is falling again i just checked. These Fuds are nasty. People need to stop believing in these nonsense. We have all seen that Titanium bars were at 4 dollars or even more. Now they are at 1.48. A good chance to buy some more coins before it will rise. Yea, i can't bear to look at the market again, really bearish, this is like the worst ever but is normal, reason why projects should have a purpose because the good ones will always scale through, so lets keep the fire burning within us as we expect normalcy to return soon If you have been watching the market in recent years, then you see that it was always down at this time. i guess many whales take their profits with them, then small investors become nervous and sell too. and then it's going down... Quality will prevail again this time and tokens like BAR will become even stronger afterwards You're right, is usually the case at the beginning of every year but it seems to be gradually picking up, i see things going bullish, that's the intriguing nature of the cryptocurrency market and like you said , quality always prevails and that's why i'm here |
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Will the Savedroid user have any say in how their savings will be invested or will this be calculated by evaluating their attitude to risk?
For example will Savedroid create funds/portfolios with a mixed bag of different types of assets for customers or will the customers get to choose each individual asset themselves from a selected list of assets?
I think this quote here might answer you question:
Question about investing in cryptocurrencies: In the app, my saved money is automatically invested partly in cryptocurrencies. Are these cryptos always given, or can you choose them yourself? I could well imagine that as an additional option for more experienced users
The primary idea is definitely that our AI handles that for the users. But we're always looking at community feedback and if there's a need to change crysptos manually we will consider it somehow. In my opinion an option to manually invest is a must as more advanced users will definitely want to have some control on their investments. In my humble opinion, i don't think is much of an issue, lets say i did a $10 saving plan and at the stated stipulated time, savedroid deducts from my account and at a point, i want to change my investment plan, i think it can be done, the app is just a way of keeping the individual on track, on the negative side, if the manual option is easily available , then what's the point of saving because individual will easily manipulate it at their will, the urge to spend can easily affect the purpose of savings |
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But using 50% of the profits to buy and burn? Isn't it too aggressive like you said? Imagine I have 100 tokens worth 1$ each and I invest in some project. After 1 month I gain 1% profit from the project. Now lets say in the mean time, there was a very successful project that many others invested in. This other project had really good profits and the lead to buying and burning 2% of the total amount of tokens. That means that I would have earned more by simply holding the token and not investing in any project (of course the numbers are unrealistic, I just try to make a point). That can lead to people holding their tokens and not investing, which is of course not something we wish for.
I am a bit lost in all this; Investing in other projects using tokens would yield in profits off that projects (assuming the project is profitable). That I get but what do you mean by saying burning 50%? you burn 50% of what exactly? This is what they say in their white paper. They will use 50% of the profits their projects yield to buy tokens at exchange price and burn them. This way they will create deflation which should increase the token's price over time. I was just saying that 50% sounds alot too me, and I gave example of what could happen if they manipulate the market too much through token burns. The 50% does sound alot but surely that is a good thing if they are burning that amount of coins? which will cause the price to spike up due to higher demand? Am I correct in saying that? Thanks Yes but that should be strategically done to avoid negative effects, inflation tends to come in with too much in circulation but very little in circulation may also result to deflation, so the luxcess team should effectively do the burning in a way that it won't affect the positive nature of the cryptocurrency |
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Question about investing in cryptocurrencies: In the app, my saved money is automatically invested partly in cryptocurrencies. Are these cryptos always given, or can you choose them yourself? I could well imagine that as an additional option for more experienced users
Since the AI is involved I think the duties are taken care of by the system, when users have the freedom to make judgment calls, it might impact the intended outcome Is actually a self learning body which can simply change to adaptation, in this case, if the individual decides to make a change on his/her saving plans, the AI will go with the recent saving plan, changing its initial agreement, the saver is still the boss but savedroid is streamlining the savings based on the individual |
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The whole crypto market is bleeding heavily. This might be the right time to add good coins to portfolio as well as good time to investment in the very good ICOs like Luxcess. Not sure how far the btc and other altcoins will go down now.
Yes this is definitely a really good time to start converting fiat into crypto, hopefully it won't be long until the markets start to pick up again. Luxcess looks like a good investment opportunity, however I'm a bit confused why they have a picture of Binance's logo on their website? I haven't seen any confirmation of a partnership between Luxcess and Binance, also the picture is linked with a referral code for the Binance website... I believe they are cooking up something with binance because it doesn't make sense to put binance logo on their whitepaper without something happening, it will be great to see luxcess having the exchange as their first priority, that will surely give a positive boost. |
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Wait let me get this striaght. Savedroid is not a trading app but a saving but. All I have to do is connect my credit card to the app and the AI will tell me which coin to buy for profit making. Correct me if am wrong, but this looks more of trading than saving. Where exactly does the saving action come in?? I mean how does it help save money by making us spend money? Not to mention the likely 2€ fee for using the app. Please some should explain this to me please. Thanks
Thanks for sharing the article. Didn't know that it charge the monthly fee :O They said if you shopping with in the app in the store that they have a deal you will get a discount. and the AI will study what do u like to buy and find the best deal direct to you when it see the good one. so kinda save that money? or something els i missing??? We see multiple types of saving which we have all already implemented in the current app: - saving in the sense of moving money from your checkings account (via ifttt-rules or our AI) - saving in the sense of saving money on existing contracts. Therefore our AI analyzes your contracts and behavior (e.g. data consumption) and suggests better contracts for you - saving in the sense of saving money when fulfilling your wishes. Therefore we scan our partner network for good deals for you (e.g. the 3% offer on Amazon) Will users have to pay fees for the automatic savings done by the AI (i.e moving money from the checking account)? If so users, especially those who deal with small amounts of money, might lose more money on fees than the amount they save. The current app is totally free for our users. This might change when converting to crypto, but this will be percentual fees. So it doesn't matter if you save cents or millions. Thanks for the quick answer. So if you don't take fess on the transactions, what will be your primary source of income? Or will you just leave the savings fee free and take cuts from investments or transactions? We'll defintitely iterate also on the cost structure, to make it accepted by the users. My current assumption (to be proven) is that we'll stick with the affiliate commission for fiat savings and when converting to crypto make a cut on these. Fair enough. I'm sure you will find the economic model that works both for you and for the users. I think once large amount of users make the switch into crypto, they will soon be interested in investments aswell, and this is another great source of potential income. I don't really see savedroid as an investment but an opportunity to develop a habit of savings and to give the community the benefits involved in savings, is like a disciplinary app that disciplines us in a better way, i don't need to argue about it once it understands me, it simply takes care of my finance |
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Can someone please help me understand? Basically we buy the tokens now and will be able to use them later on the projects the group offers. People who used the tokens to buy into projects earn profits, but 50% of them is cut and used to buy tokens and burn them?
Yes, you understand correctly. This buy and burn method is being used by more and more projects now. Basically it's a good idea but it needs to be done carefully as deflating the token too aggressivly can lead to undesirable results. You're right, pure economics principle, means of exchange is meant to be scarce but not over the top, i'm sure the luxcess team have this in mind, if the right percentage are been burnt every month, it will give value to the project properly |
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market is bearish but titanium is holding strong such a strong community behind this project.... now is the time to buy more bars.. Theres a whole lot of FUD around crypto at the moment but imagine how well BAR tokens will perform when the bulls get back in! Hopefully this will happen soon! Yes that's right. they are doing really well. when cryptocurrency prices start to rise again, BAR will really go up like a rocket. I am already in the FOMO fever, I have to buy more BAR tokens, otherwise I'll be angry soon Yeah, Crypto is falling again i just checked. These Fuds are nasty. People need to stop believing in these nonsense. We have all seen that Titanium bars were at 4 dollars or even more. Now they are at 1.48. A good chance to buy some more coins before it will rise. Yea, i can't bear to look at the market again, really bearish, this is like the worst ever but is normal, reason why projects should have a purpose because the good ones will always scale through, so lets keep the fire burning within us as we expect normalcy to return soon |
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Still going through the whitepaper but something of value caught my attention, it states that, once a month, the tokens purchased with this profit will be destroyed, It's called BUY BACK and BURN and with this, a smaller number of tokens will be available from month to month, and consequently the token price will increase, that's really something that will skyrocket the value  |
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Bitcointalk username:Ace44
Rank: Member
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