[ANN][ICO] savedroid - BITCOIN SAVING MADE EASY!

[Cnote328]

Nearly 2.7 Billion tokens sold this is nuts lol i get the feeling their going to crack 3b later tonight or early tomorrow morning, a truely impressive feat for the team, especially given the short time frame...

I don't understand why there seems to be an influx of recent of people being negative and trying to spread fud, but i just enjoy stopping in to see how the ICO is going :S

Yes, it's nice to see that the ICO keeps going well and that steadily tokens get sold. If this can continue in that pace, we might see a sold-out ICO very soon.

It's an established fact that Savedroid token will be sold out real soon, reaching 3b tonight looks achievable. As for the influx of negativity i believe it's a normal trend that happens in crypto most times to make people miss out on good project like savedroid.

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[Nathan01]

In Q2 2018 Savedroid will be launching "Exclusive beta launch of self-learning AI algorithm enabling convenient cryptosaving in Bitcoin, Ethereum, and Bitcoin Cash for ICO token holders only"

That's nice but do they say the platforms it will be tested on? Seems I skipped that part in the white paper

[Gunny95]

Nearly 2.7 Billion tokens sold this is nuts lol i get the feeling their going to crack 3b later tonight or early tomorrow morning, a truely impressive feat for the team, especially given the short time frame...

I don't understand why there seems to be an influx of recent of people being negative and trying to spread fud, but i just enjoy stopping in to see how the ICO is going :S

The sale is going quite well and an exchange listing is already announced and even more exchange listing will be announced in a few days, the team does a good job with customer service

[krach]

It's not a badpercentage, its just i think other fiat->crypto hide the exchange fee pretty well that you don't realize how much it is...

Example coinmama has BTC at :9,203.54 current trading price of BTC on exchanges is 8,771.19 so around 5.5% "fee" for use of the service... Add to that payment processor fees for CC/Paypal/Wire and i'm pretty sure it closes in on 10% depending on their processor.

So the estimated 7.5% was a high estimate it seems but like you said its based on assumptions so :S

Coinmama is small, its not in the top 10, not even top 20 when using volume to rank anywhere to buy crypto in the entire planet earth.
Sure you can find one example to fit the narrative that 7.5% is not a bad fee. Nice

I have already gone through and caculated what it costs to buy at coinbase with CC and it is still significantly less than 7.5% , it is in this thread, so it should be easy to find, just like the German text explaining what part of the ICO TÜV checked, what part of the whitepaper tells people how much it costs to buy crypto with the app, and also as easy to find as the so called "working product" that is advertised in the ICO, not the product that uses banks, that has nothing at all to do with the token or the ico whatsoever.


Even crypto noobs know that it doesnt cost 7.5% at ANY other exchange  ,and yes, they will learn through pain if they use the app and see how they are not saving money, but how the money gets smaller and smaller paying that fee. Then they will leave.


It is a bad percentage , please think   "savings app, please pay 7.5% each time you buy crypto"

The 7.5% is for a buy or sell and not based on any asumptions at all, in fact it was confirmed by the team, that it is not 15% but indeed 7.5% that two actions they expect per month. Now if that is just what they think people will do, or if that is what the AI will suggest they do to meet the 15% , who knows. There is zero way to verifiy this AI.



https://ico.savedroid.com/savedroid%20tokenmodel.xlsx

What you mean, you didnt just find it, it is right on the xlsx, that is interesting isnt it. "hey what is this thing?" meh, go read the white paper bro, go on the site, bro, google search, it is clearly there,,   

but if you ask
"what is up with the 7.5%" silence


Some questions get answered faster and more clear than others.

[tobson2]

In Q2 2018 Savedroid will be launching "Exclusive beta launch of self-learning AI algorithm enabling convenient cryptosaving in Bitcoin, Ethereum, and Bitcoin Cash for ICO token holders only"

That's nice but do they say the platforms it will be tested on? Seems I skipped that part in the white paper

What do you mean with platform to be tested on? The app will be available in Apple's App Store and Google's Play Store.

[tobson2]

but if you ask
"what is up with the 7.5%" silence

Have you already blocked my posts? This would explain why you stick at the same false assumptions for weeks.

I do not want to go into most of this very critical poster, he does not even seem to be able to find a link under a logo.
I would only care if this 7.5% fee is correct when buying and selling cryptocurrencies. That would be way too high for me. But I have not found any information in this regard, does anyone have an exact source?

There is no source as the 7.5% is just an example calculation preset in the token model, not even as a fee more as overall earning including spreads etc. As also stated by @ibininja a fee is something which has to be adjusted to the market, therefore we published the token model where everyone can make his own assumptions on a possible price scenario.

[krach]

There is no source as the 7.5% is just an example calculation preset in the token model,

Nope that is in the revenue model, not the token model, and on top of that it was confirmed by the team, and defended by them.

Have you already blocked my posts? This would explain why you stick at the same false assumptions for weeks.

Nope,  the "assumption" comes from a discussion with you, and the file that I have posted.


Thats it.


If you want I can post the discussion in which you confirm the 7.5%

or you can pretend that it never happened, its up to you.


It goes like this

15% ! that is high
no it is 7.5% buy and sell once a month.
oh
7.5% is high




later


no no , places with good UI charge more or that much.



no no,   it can change.


On the one hand it is defended, when that doesnt work out, "it can change" when that doesnt work out "it is based on asumtions" it is based on clear documents from savedroid, of which I asked the team directly about and they confirmed. LOL

[tobson2]

So whatever you seem to have: it is wrong. We're working iteratively and therefore of course also make wrong hypotheses/assumptions and correct them over the time. Nobody is perfect, neither is savedroid. But we're willing to learn from any mistakes and improve based on this experience. That's what also makes us different from many companies out there, willing to iterate and learn over the time.

[Nathan01]

In Q2 2018 Savedroid will be launching "Exclusive beta launch of self-learning AI algorithm enabling convenient cryptosaving in Bitcoin, Ethereum, and Bitcoin Cash for ICO token holders only"

That's nice but do they say the platforms it will be tested on? Seems I skipped that part in the white paper

What do you mean with platform to be tested on? The app will be available in Apple's App Store and Google's Play Store.

Thanks for the reply... that's what i needed to know... good work tobson2 you have really been helpful around here

[gee777]

Nearly 2.7 Billion tokens sold this is nuts lol i get the feeling their going to crack 3b later tonight or early tomorrow morning, a truely impressive feat for the team, especially given the short time frame...

I don't understand why there seems to be an influx of recent of people being negative and trying to spread fud, but i just enjoy stopping in to see how the ICO is going :S

The sale is going quite well and an exchange listing is already announced and even more exchange listing will be announced in a few days, the team does a good job with customer service

Honestly savedroid is one of my second most favorite project based on their customer service
they are swift to respond and agile in fixing issues.
kudos to the workers.

[krach]

So whatever you seem to have: it is wrong.

What I have is from you,     personaly

Theo Goodman, [18.01.18 14:11]
but it shouldnt change the basic answers of how it all works and where the 15% on the xls sheet comes from

Tobias Zander, [18.01.18 14:11]
The 15% is still the 7.5% per transaction. Once coming in, once going out.

Theo Goodman, [18.01.18 14:12]
ok so if I buy btc or eth I pay 7.5% each way

Theo Goodman, [18.01.18 14:12]
and I pay in the token

Tobias Zander, [18.01.18 14:12]
yes

We're working iteratively and therefore of course also make wrong hypotheses/assumptions and correct them over the time. Nobody is perfect, neither is savedroid. But we're willing to learn from any mistakes and improve based on this experience. That's what also makes us different from many companies out there, willing to iterate and learn over the time.

The information I have is from you, personaly and the savedroid documentation.


So you mean it doesnt cost 7.5% anymore? Great what is the new revenue model? Do you still think the average person that puts in 100euro (under your projections) will be able to save money paying the fees and the 2 euro a month app fee?


If needed I will show the screenshot of the conversation if anyone thinks it did not happen,  no problem. Do not act like you have not been asked about this.


You could just say that it is not 7.5% , that the team changed it, but you have not said that. More than enough time to say something concrete.
Trying to say that other companies dont change or learn, is not anything concrete.


Do not act like these numbers do not come out of your documents and your typing, they do.


If it is no longer 7.5% how much will it cost, what are your new projections?

[Owillz]

Nearly 2.7 Billion tokens sold this is nuts lol i get the feeling their going to crack 3b later tonight or early tomorrow morning, a truely impressive feat for the team, especially given the short time frame...

I don't understand why there seems to be an influx of recent of people being negative and trying to spread fud, but i just enjoy stopping in to see how the ICO is going :S

The sale is going quite well and an exchange listing is already announced and even more exchange listing will be announced in a few days, the team does a good job with customer service

The rapid increase in sales statistics daily is really interesting. They must have done a really good job in promotion. It's paying off

[Sozialtourist]

Nearly 2.7 Billion tokens sold this is nuts lol i get the feeling their going to crack 3b later tonight or early tomorrow morning, a truely impressive feat for the team, especially given the short time frame...

I don't understand why there seems to be an influx of recent of people being negative and trying to spread fud, but i just enjoy stopping in to see how the ICO is going :S

The sale is going quite well and an exchange listing is already announced and even more exchange listing will be announced in a few days, the team does a good job with customer service

Honestly savedroid is one of my second most favorite project based on their customer service
they are swift to respond and agile in fixing issues.
kudos to the workers.

Yeah you are right. Savedroid is handling the community and customer work pretty well. Easy to reach them both here in the forum and on Telegram.

[tobson2]

If it is no longer 7.5% how much will it cost, what are your new projections?

As said will adjust it to market situation half a year from now. I cannot predict the future

[krach]

As said will adjust it to market situation half a year from now. I cannot predict the future Sad

That is not even a ballpark range, as I said the data comes from your documents, and you personaly. If you are wrong, and your documentation is wrong, only then am I wrong. When you "adjust" that sounds like you will just keep the same % on top of whatever you can get from the market and if that is anywhere, near   what you have projected now you will be more whole numbers % higher than other offers out there. Even with "UI".


As I said "it will change" is an answer after people question the 7.5% as being too much.

As I said "it will change" is also too vague and does not show how the app will make money.

[tobson2]

As said will adjust it to market situation half a year from now. I cannot predict the future Sad

That is not even a ballpark range, as I said the data comes from your documents, and you personaly. If you are wrong, and your documentation is wrong, only then am I wrong.

It's not about wrong or right, neither is the world black nor white. It's an example, neither more nor less. Please adjust it to your assumptions, that's why we offered it for a download and made it public.

[krach]

It's not about wrong or right

But just a short while ago it was indeed in a message from you very much about wrong or right, and i quote:

So whatever you seem to have: it is wrong

Futhermore the “ whatever I have“ that you, you say is wrong are your own words.
Combined with company documents.
These are not assumptions, this all based on what you told me directly and your own documentation.



 

[ibininja]

I think for this business model it is all agile. On pre-ico's business model things are working, I am not sure about the pre-ico numbers; but it seems to be working and growing healthy. With post-ico i think the founder has cleared that it would depend on how the market would perform to actually fix the actual numbers. It is good that concerns are stated; he will have to experiment and study the data generated from the post-ico traction and amend accordingly. Businesses should be flexible to change and I don't expect any ico to stick to every word in the whitepaper. The businesses operate towards a bigger goal, and is making money. Anything that could stop that or minimize that should be eliminated or restructured that is why in many cases we see ideas come out as one thing and pivot to a completely different thing; take groupon for example it started as a whole different thing. My point is change is core for the success of any business, fees are no exception. Paypal has high fees but many justify that to the services and guarantees they get. fees are always debatable and I think the deciding factor would be the performance of the business with those fees.

[Anilg]

Nearly 2.7 Billion tokens sold this is nuts lol i get the feeling their going to crack 3b later tonight or early tomorrow morning, a truely impressive feat for the team, especially given the short time frame...

I don't understand why there seems to be an influx of recent of people being negative and trying to spread fud, but i just enjoy stopping in to see how the ICO is going :S

The sale is going quite well and an exchange listing is already announced and even more exchange listing will be announced in a few days, the team does a good job with customer service

The rapid increase in sales statistics daily is really interesting. They must have done a really good job in promotion. It's paying off

No need to give attention to such negative comments, yes in case person is providing details about the reason behind such comment then we can check and cross verify.

[krach]

With post-ico i think the founder has cleared that it would depend on how the market would perform to actually fix the actual numbers

I am not sure about the pre-ico numbers;

LOL

You can download it now, this is ico phase.

Even as an estimate the number is more than astronomical and is in zero cases suitable for anyone to save money.

ico to stick to every word in the whitepaper

What if I told you the team said look in the whitepaper.


Guess what

It is not in the whitepaper.




There is nothing clear. It is at best vauge how the app will make money.

Nobody,    nobody knows how much it will cost to buy crypto with the app that should be for the masses.
Kind of important for a savings app.

No need to give attention to such negative comments, yes in case person is providing details about the reason behind such comment then we can check and cross verify.

Indeed that is what was done. The details were verified by the team.



This just fits exactly what I have been saying: What are the fees to buy crypto? SD:"read the whitepaper bro"  What part of the whitepaper, could you just tell me SD: "what you didnt look on the xlxs sheet?"   Hey it says 15% what is that? SD:"it is 7.5% two times a month" "7.5% is high" -   SD: not for UI exchanges - "yes it is"  - SD:  we dont know how much it will cost, it will change.   

So now the vauge answer of "it will change"

But magicly this estimiate higher than any exchange on earth is out there.

Alright.

fees are always debatable and I think the deciding factor would be the performance of the business with those fees

Keep in mind this is a savings app, in this case the fees are not just some small thing. So no this is not the same as paypal or groupon. Indeed with the fees as the currently are in all documentation and all the prices of fees that have been confirmed by the team. Indeed a piviot would be the only way.