Do the team's developers have active GitHub profiles?
No, at te moment they only have facebook, linkedin and instagram. In my opinion, they should indeed also add active GitHub profiles. Github activity would make it easy for investors to view the track history of developers, it wouldve been a nice addition to show what the project is capable of But just because a Github reference is absent from the website doesn't mean the developers are less qualified |
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We are very excited and proud to announce the first of many exchange listings of the savedroid Token – even before the start of our Main Sale! HitBTC is one of the most advanced crypto exchanges. That is good news before the main sale. At least is a better exchange than ED lol; We hope to see Kucoin or binance soon too. I think listing in any of those exchanges would boost the price well and of course a wider exposure to more audience. There are community votes going on on those; would be worth if the team would take a look. Anyways HitBTC is a great start; congratulations. Just heard about the confirmation of the HitBTC listing. That's great news! I know some people don't really like the exchange but you have to start somewhere. And it seems like getting listed on the bigger exchanges is much harder, so we need to be patient in that matter. It's a good start, exchange listing is important and with the continued project development it will be easier to get listed on more mainstream cryptocurrency exchanges, apparently there are more conditions that the token must fulfill besides from a single payment in BTC |
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A project that is ahead of its time!! It will change the way things work as it will provide services at much less cost than today.
Well put! Although I would say Titanium started exactly on time, so many companies show interest in blockchain application and once TBIS offers optimal IAAS the company will grow, long term project with good prospects |
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To those who have missed the frankfurt meetup organised by Blockchain Helix AG, here is the link to see the video which was published 23h ago: https://www.pscp.tv/w/1lDxLavrzAvKm |
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Cryptossi has already asked in their Telegram channel, and the 30% is taken off every investment, also if it loses. So this leads to the obvious question: 30% of what? 30% is alot, but I guess people can live with it if it's taken off their profits. But if it's taken off losing investments aswell, then there are no profits to take 30% off of them. That leads me to believe that 30% fee will be taken off the amount invested. Now if this is the case I think this is way too much and I doubt many people will agree to invest with such fees. Hopefully the team can clarify this for us as soon as possible.
maybe he got some wrong information. what if they lose all my money, do i have to pay then 30%. For example i lose 100$, i have also to pay 30$? or did i understand something wrong? Yes this doesn't make alot of sense to me either. We will have to wait for an official clarification. I hope we get a response soon as it is a very importabt issue. If this is really how it's going to be I don't think this is goana work for Luxcess. It would be pretty harsh indeed having to pay additional fee when you've made losses I think it's a good idea to let an official statement clarify the 30% fee in question |
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I was going through the whitepaper and read this:
"If you invest your tokens at the index value 1.00 and it increases to 2.00, you made a 100% yield. In case of withdrawal, the platform automatically deducts PROFIT SHARE (30% of the yield) whereas the rest of the money is transferred to Royal Luxcess Hold"
If I understand correctly any withdrawal is subject to 30% deduction of the profit; if there weren't any profits no deduction would take place?
Yeah but they’re investing on your behalf, they have to make money, all banks/asset managers do it therefore it makes sense that the Luxcess collective investment fund would also do this. I presume their cut of the profit they gain from is tiered based on % return of investment, would be great if a dev or team member could confirm this? What happens to profits below 100% what cut will Luxcess take? Probably there won't be any cut as there is no profit to take a cut from? It's an interesting question and I am curious how Luxcess will handle this, would be nice if there is a response to this question Yeah it would be good to get a response from the Luxcess team, I might post the question in their Telegram and find out the answer from one of their moderators. I think they're a bit more active on telegram compared to BCTTalk! Oh that's a good idea, I think on telegram they are more responsive since it is an active chat system Would be nice if you could address that question in telegram, perhaps post here the answer so that other people can find out how it works as well Thanks  |
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Guys, look below link and rating. Its seems to be good going... Savedroid Team is working hardly.... https://cryptogo.de/en/savedroid-cryptocurrencies-for-everyone/5.9 SCORE Product6.5 Market5.6 Use of Blockchain3.6 Whitepaper6.4 Roadmap7.6 Business Modell5.9 Team6.8 Token Sale4.6 Status Quo 200k Downloads 10 Million € in Transactions 25k+ Telegram 3000+ Twitter 8100+ Facebook 3 Million € Funding This is quite low for a project like savedroid and this might push off potential investors from participating in the main sale I think you are right but if the investor does a bit research, the person will notice that the review itself contains some errors and should not believe it as absolute truth I always say DYOR, do your OWN research, information shown on external websites can always have other motives |
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are there any partnership and collaboration with companies?
on the website of Luxcess group, when you scroll down a bit you will see all the logos of the companies the luxcess group works with Forex Factory, Capital Index & Binance are three examples Perhaps there is more explanation in the whitepaper |
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my first thought: good, an interview with michael stollaire. then I listened to a few minutes of the interview and read through the comments. Most give back what I thought: what a bad sound. I really did not understand a lot and then it was too exhausting for me to listen to everything. It may be that I missed a lot of information, but the sound makes it impossible for me to listen any longer. I read in the comments that the two guys are friends and supporters of him. that explains why he gives an interview to a youtube channel with 4500 subscribers (a very long interview) Of course it's good to promote his project in many ways, but that seems to have been more of help to them both than titanium helped himself. I think that an interview with this sound quality should not be published on the official pages of Titanium, the project is too professionally raised and the interview unfortunately not. Do not get me wrong, I think it's good that Larry and Joe are so enthusiastic, but maybe they should invest a few dollars in the equipment You seriously listened to this? The sound is so bad, even though I tried listening. I just could not focus. Too bad so much energy wasted on something that could have been really good I think that the sound could have been better. It was a little bit hard to follow. Maybe they need to try add subtitles on the next video this will make it a lot easier to understand it. I will watch it again later on the day again with headphones. i also thought, that subtitles would be a good idea. but the interview is very long, i don't think they can manage this. Since I do not want to miss any new information, I will try again tonight to watch the video. some of you have already posted information from the video, these will also help to understand everything better Everyone has to start somewhere I suppose, I think alot of good points are made here and they can use that to improve their services When their youtube channel grows big, the community helps out as well with making subtitles in different languages, but you are right that the sound quality is more important than adding subs |
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Savedroid convert ETH/BTC through their payment system to keep in line with the current ETH/EUR & BTC/EUR prices. There is a bit of a spread but you do not lose a lot in the great scheme of things.
So does this basically mean, that we will get the 'live' rates for ETH/EUR & BTC/EUR when we participate in the ICO? So, for example, when I'll send ETH, their payment system gets the current market price of ETH in the moment I sent it, and then calculates an individual SVD/ETH for me? As others have pointed this out, when you transfer ETH, the value of your investment is locked in USD equivalent value and that amount will be considered when distributing the tokens. If ETH would have increased by 50% from the moment you invested till the moment you received the tokens, your investment is from your persective worth 1.5x the amount you invested in USD value But most ICO only look at the USD equivalent value of the moment you invested, savedroid and most ICOs do this because it is fair for both parties |
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I was going through the whitepaper and read this:
"If you invest your tokens at the index value 1.00 and it increases to 2.00, you made a 100% yield. In case of withdrawal, the platform automatically deducts PROFIT SHARE (30% of the yield) whereas the rest of the money is transferred to Royal Luxcess Hold"
If I understand correctly any withdrawal is subject to 30% deduction of the profit; if there weren't any profits no deduction would take place?
Yeah but they’re investing on your behalf, they have to make money, all banks/asset managers do it therefore it makes sense that the Luxcess collective investment fund would also do this. I presume their cut of the profit they gain from is tiered based on % return of investment, would be great if a dev or team member could confirm this? What happens to profits below 100% what cut will Luxcess take? Probably there won't be any cut as there is no profit to take a cut from? It's an interesting question and I am curious how Luxcess will handle this, would be nice if there is a response to this question |
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I'm a bit curious about the royal platform where you invest your tokens after the purchase, two options are available HOLD and LXC index, it is stated that the Royal Luxcess Hold is an option where you safely store and keep your tokens, it also states that you also make profit or loose it depending on whether the tokens rise or fall, is it not similar to storing tokens on our mew or btc wallet or is there any difference
If you choose to hold LXCs on our platform you can only lose in case that price of the coins drops, on the other side there will be some rewards for holding our tokens. Luxcess group That's pretty good, so if the coins take a hit and you're in a minus - you'll still get rewarded for loyalty due to holding some of luxcess coins, and if crypto market does well - that would be a double winner, with the inflation of price on crypto as well as the loyalty rewards for holding LXC. Yeah that is a nice passive income opportunity. Also if the Luxcess investment fund is spread over a diversified list of investments then the investor will always be receiving some form of profits, to balance the risk. Yeah that is true in general, but if (like now with the market) everything goes down in value, I think it is difficult to minimize the risk I heard they will also use gold as an investment asset, perhaps this will negate the risks? |
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Guys, look below link and rating. Its seems to be good going... Savedroid Team is working hardly.... https://cryptogo.de/en/savedroid-cryptocurrencies-for-everyone/5.9 SCORE Product6.5 Market5.6 Use of Blockchain3.6 Whitepaper6.4 Roadmap7.6 Business Modell5.9 Team6.8 Token Sale4.6 Status Quo 200k Downloads 10 Million € in Transactions 25k+ Telegram 3000+ Twitter 8100+ Facebook 3 Million € Funding This score, 5.9 is a score based on a 10 point scale. So it does not look to good at all right? I would have expected a higher score for Savedroid You're right, the max score is 10 and that ICO review is not all too posivite about savedroid. From what I understood is that it gives negative points if the concept is not original (already other ICO with similar intentions), but this doesn't mean the ICO will not be successful Also they mention: " Savedroid destroys 15% of SVD with every transaction. Besides this mechanism to reduce the tokens there is no integrated feature to increase the price of SVD. The incentive to keep the token for the long term is therefore very low with the current model." The first sentence they acknowledge that there is a system which induces purchase power, then mention that because this is the only mechanism, the token is not suitable for long term hold. Imo the review contradicts itself, so I have my doubts in the quality of this review |
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my first thought: good, an interview with michael stollaire. then I listened to a few minutes of the interview and read through the comments. Most give back what I thought: what a bad sound. I really did not understand a lot and then it was too exhausting for me to listen to everything. It may be that I missed a lot of information, but the sound makes it impossible for me to listen any longer. I read in the comments that the two guys are friends and supporters of him. that explains why he gives an interview to a youtube channel with 4500 subscribers (a very long interview) Of course it's good to promote his project in many ways, but that seems to have been more of help to them both than titanium helped himself. I think that an interview with this sound quality should not be published on the official pages of Titanium, the project is too professionally raised and the interview unfortunately not. Do not get me wrong, I think it's good that Larry and Joe are so enthusiastic, but maybe they should invest a few dollars in the equipment You seriously listened to this? The sound is so bad, even though I tried listening. I just could not focus. Too bad so much energy wasted on something that could have been really good I tried following the entire interview but couldn't, so i scrolled through until I found interesting segments. A few tips I have for the guys who ran the interview: - Record the interviewee digitally, instead of recording his voice from a speaker. Then use headsets to listen to the interviewee and when you do the video editing just add another audio level to overlay the interviewee's recording Just watch an episode of Joe Rogan - I found it hard to follow, not only because of poor audio quality but also because there is too much dwelling on (deviating from the subject), it helps to close subjects by making firm & clear conclusions then to move on the next subject - It's a better sight for the viewer to perform the interview on a desk, rather a couch and living table All in all I think the questions are answered nicely but the execution is poor, there is potential |
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to put it simply, the fewer tokens there are, the less can be bought by those interested and the more the holders can charge for their tokens. Much demand, little supply = high price
Ok. Got it. In short this logic is like demand and supply. Less supply high demand. That's why after burning unsold tokens limited tokens value going to increase. Correct? It's the other way around. If the tokens wouldn't be burned, they would most likely be sold on exchanges; more sale orders -> more supply -> lower value If the tokens are going to be burned, there won't be more sale orders so it's all the same, this doesn't mean the value will increase. In other words, just because there will be less tokens doesn't magically make the value go up. It might have effects though, such as the less tokens the team holds, the more incentive investors have to place buy orders on exchanges, but this is an indirect consequence of which there are too many to mention. In my previous post I explained that with the profit Luxcess makes, a percentage of it will be used to BUY additional LXC tokens which will be burned afterwards. This does induce a constant purchasing pressure. Hope I was able to explain effectively! |
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If anyone is attending the Frankfurt Meetup, it would really fun to see some selfies
Glad to see there is a live stream, can't wait!
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There is an error in https://icobench.com/ico/savedroidIn the financial tab a percentage of 55 is mentioned (amount of tokens that will be sold in ICO). But according to the whitepaper, this is 60% (pre-sale + main sale) The 55% is the percentage when only considering the main sale But an ICO encompasses the pre-sale and the mainsale |
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What is the hardcap and softcap target for Luxcess? What will happen to the unsold tokens? Is it going to be burnt out frozen or some other options?
Information found in the whitepaper: Softcap 0.5 Mio, Mediumcap 2,5 Mio, Hardcap 5,25 Mio. 60 mio tokens, price 0,15$ Unsold Tokens will be burnt I do love a good unsold coin burn  Instant potential value increase! Look forward to around June when the Royal platform gets introduced if everyone goes to plan! I think that's the breaking point and will certainly help with the value and volume. Especially on already somewhat low cap coins it basically means they your Garanteed a solid return on your investment especially if the ico in question has no bonus or a limited scope of bonus to keep the individual coin value high post sale. Luxcess seems to be lining their token up to be a small but high dollar token in the future which I can get behind for sure Yes, once they hit good exchanges after the ICO is complete, the value will definitely increase as the volume spreads across the exchanges, coupled with the periodic burning of the tokens, the luxcess team just need to clean up all loopholes, i see this going far I think burning tokens can be good for investors; i am curious what implications would that have on the project itself; I understand the token price might be driven upwards; but also the token is a mean of operation in the platform; don't get me wrong i like that my investment would increase but also the long term value should be considered; I am just curious on that end. I didn't understand what the meaning of burning tokens can be good for investors? And how value is increased if unsold tokens gets burned? to put it simply, the fewer tokens there are, the less can be bought by those interested and the more the holders can charge for their tokens. Much demand, little supply = high price What was mentioned by Luxcess team about token burning? I really would like to hear from the team than we speculate about it. I too agree on lower supply means higher price in the end. It's in the WP, Page 39: " The Luxcess Group will issue 60 million tokens. In case they are not sold during the ICO project, they will be burnt." On page 36 the concept of ' BUY BACK and BURN.' is elaborated, it is unclear to me what exactly the profit is, but assuming there is going to be profit, Luxcess team will use a percentage of this to buy LXC tokens from exchange offices and consequently burn them, to guarantee a constant presence of purchasing power |
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What is the hardcap and softcap target for Luxcess? What will happen to the unsold tokens? Is it going to be burnt out frozen or some other options?
Information found in the whitepaper: Softcap 0.5 Mio, Mediumcap 2,5 Mio, Hardcap 5,25 Mio. 60 mio tokens, price 0,15$ Unsold Tokens will be burnt I do love a good unsold coin burn Instant potential value increase! Look forward to around June when the Royal platform gets introduced if everyone goes to plan! I think that's the breaking point and will certainly help with the value and volume. Especially on already somewhat low cap coins it basically means they your Garanteed a solid return on your investment especially if the ico in question has no bonus or a limited scope of bonus to keep the individual coin value high post sale. Luxcess seems to be lining their token up to be a small but high dollar token in the future which I can get behind for sure Yes, once they hit good exchanges after the ICO is complete, the value will definitely increase as the volume spreads across the exchanges, coupled with the periodic burning of the tokens, the luxcess team just need to clean up all loopholes, i see this going far I think burning tokens can be good for investors; i am curious what implications would that have on the project itself; I understand the token price might be driven upwards; but also the token is a mean of operation in the platform; don't get me wrong i like that my investment would increase but also the long term value should be considered; I am just curious on that end. The burning of the unsold tokens basically is an implication that those tokens can not be used to sell, which would otherwise suppress the token demand in exchanges It's a guarantee that the team will stick to the budget as described in the whitepaper. In other words, if the tokens would not be burned but instead be sold on behalf of the team to further finance their agenda, the team's expenses would be more than initially agreed upon. Very much like a construction project costing 2M USD based on a calculation, but after a year it turns out it costs 3M USD which might cause investors to lose faith in that construction company. Analogy here is that if the unburned tokens are sold on an exchange, the value of the token is decreased proportionally, meaning your share of the tokens is worth less so in the end you paid for it if the tokens are not burned. |
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