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Author Topic: [ANN][ICO] savedroid - BITCOIN SAVING MADE EASY!  (Read 51137 times)
krach
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January 28, 2018, 01:33:41 PM
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Hello all!

Seems like we have another suedo-AI based crypto savings product to consider!  Looking at the website I think it's fair to say that a great deal of thought and effort has gone into this one.  To view the official website go here ( https://ico.savedroid.com/ ), annd to see their initial YouTube on the product please go here ( https://www.youtube.com/watch?v=YRDK5aqiP1U ).

I shall give you a little break down of the white paper, though I advise any investors to do what I just did and read it in full yourself!  Here it is :

THE SAVEDROID WHITE PAPER BREAKDOWN (Read 28/1 version 1)
=================================================

1) THE VISION : Is to offer an AI based crypto saving platform that is easy to use for anybody, is simple and can offer better security than others as it is based on German financial legal protections.

2 ) CONTROLS : The user control has settings where you type in how much you would like to save, and it will adjudge based on what you type, and suggest how and where you save that money for max profits.

3 ) DEMOGRAPHIC : This product is largely aimed at 25-35yr old professionals who want to save upwards of $50-100 per month, and look for a better return than the 2-3% savings accounts offer.

4 ) AUTOMATION : This product can be set up to automatically debit your account (currency) and convert this into coins in your saving account, as well as report on your spending habits via email.

5 ) MANAGEMENT : The board is mainly made up of people with actual financial and technology backgrounds, and is linked with several German financial blue chips.

6 ) ANTI DISCRIMINATION : The coins and products on offer, are and I quote "Sharia law compliant" and so are more than likely to be heavily backed in Islamic countries as well as Western.

7 ) YOU WHAT NOW? : The way they avoid falling foul of Sharia is by not paying dividends or interest, so the gains are purely on the speculation of rates and buying low / selling high.

8 ) OPENING EXCHANGE RATE : From the opening day the coin value is fixed at 100 SVD = 1 EURO / 0.85 USD (at todays exchange rate on Google, EURO to USD)


There you have it, the entire white paper boiled down to the 8 most important points Cheesy Please drop your merits in the hat.  Happy investing!

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2 ) CONTROLS : The user control has settings where you type in how much you would like to save, and it will adjudge based on what you type, and suggest how and where you save that money for max profits.

We have no idea how much the factor of the app making money on each trade is factored into this suggestion. The more you trade, the more money the app makes, how this infuences the suggestions is just a trust factor and can not be verified.

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4 ) AUTOMATION : This product can be set up to automatically debit your account (currency) and convert this into coins in your saving account, as well as report on your spending habits via email.

In other answers, in this exact thread it was said "only credit card"  now we have  "debit your account" which account is that?

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5 ) MANAGEMENT : The board is mainly made up of people with actual financial and technology backgrounds, and is linked with several German financial blue chips.

But they need to raise money ,                      again.


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1) THE VISION : Is to offer an AI based crypto saving platform that is easy to use for anybody, is simple and can offer better security than others as it is based on German financial legal protections.

With the fees in the documentation of 7.5% and projected 15% a month that is not exactly the best way to save. People looking for better than 2-3% at banks will have to do a lot better since they get hit with 7.5% just to enter. Is this the kind of crypto mass adoption we want?

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7 ) YOU WHAT NOW? : The way they avoid falling foul of Sharia is by not paying dividends or interest, so the gains are purely on the speculation of rates and buying low / selling high.

I guess Sharia does not mind paying 7.5% fees on each transaction.




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very nice summary, thank you
Unfortunately, I have no more merits to send, I guess i have to wait until someone gives me some.

for me, then point 3 of your lineup will be interesting, monthly $ 100 I put in cryptocurrencies already today, with Savedroid will it be perhaps even more successful :-)
I'll download the app today to see how it works already, even if currently only Fiat can be saved

If you put monthly in 100$ go ahead and take 7.50$ out of that each month, or 90$ a year, almost the same as one month what you put away to "save". That means your "savings" (notice not investments) have to overcome a huge 7.5% spread on the buy or sell side. It might be possible, and a lot of plebs in the public dont even understand this, or dont even care, they just want to play the crypto game and get in fast and easy. Forget that they will have to overcome those fees first.

Although the aveage pleb on the street might not make this caculation the people that are good at saving and investing will, and they will see the fees and move on to cheaper waters. Since most people are not good at that, then the app should be fine.

Join telegram to earn massive ammounts of savedroid tokens

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Join the NYM telegram chat: https://t.me/nymchan
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January 28, 2018, 01:34:29 PM
 #162

I just read their your info graphic post on medium and I must say it's really good. A very simplified explanation of your purpose. I have the post multiple claps. I now have a clue of what your project is about even though am yet to read your whitepaper. Who ever wrote that Infographic article among your team members is really good. I recommend that article for everyone who wants to get a good summary of this project.
krach
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January 28, 2018, 01:38:17 PM
 #163

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I just read their your info graphic post on medium and I must say it's really good. A very simplified explanation of your purpose. I have the post multiple claps. I now have a clue of what your project is about even though am yet to read your whitepaper. Who ever wrote that Infographic article among your team members is really good. I recommend that article for everyone who wants to get a good summary of this project.

Just make sure to include the fees between each part of the infographic

-NYM is building the next generation of privacy infrastructure-
Join the NYM telegram chat: https://t.me/nymchan
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January 28, 2018, 01:42:30 PM
 #164

So the soft-cap was reached easily during the pre-sale, right? What would happen, if there will be unsold tokens after the ICO? Will they get burned? After the great success of the pre-sale it's unlikely and I think the ICO will be sold-out fast but I am just wondering.
Yes all unsold tokens will be burned.

That's really great news, the unsold tokens hanging around always makes investors anxious and tends to suppress the coin/tokens growth. Burning them off ensures the cap is safe and investors feel comfortable in the size of the network and the true value of the tokens their buying. The fact softcap was hit is also helps a lot with investor anxiety at least mine because i know its not gonna be a waste of time tracking and putting time into the project let alone money. I really hate thinking i'm into something great only to get refunded months later because a group misses the softcap.

First of all, thanks tobson2 for your fast answer.

And yes, it's good that unsold tokens would be burned. I know of other projects that move unsold tokens to a pool for a second token sale and I absolutely dislike this approach. Great that Savedroid is doing it differently.

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January 28, 2018, 01:45:43 PM
 #165

I have downloaded the app, but i cannot register with a Belgium post code.
Access only with German post codes?
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January 28, 2018, 01:48:35 PM
 #166

I have downloaded the app, but i cannot register with a Belgium post code.
Access only with German post codes?
Unfortunately, yes. For the current app you need to be a German resident. But we'll expand worldwide with the funds from the ICO. Feel free to have a detailed look into our roadmap at ico.savedroid.com/roadmap

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January 28, 2018, 01:53:18 PM
 #167

Will there be more currencies available to pay with ? Currently you can pay with EUR, BTC and ETH. My brother has some Bitcoincash so that would be nice for him to invest with it.

tobson2
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January 28, 2018, 01:55:07 PM
 #168

Will there be more currencies available to pay with ? Currently you can pay with EUR, BTC and ETH. My brother has some Bitcoincash so that would be nice for him to invest with it.
For crypto we'll only support BTC and ETH. For FIAT we're evaluating to also offer USD. Unfortunately, no Bitcoincash.

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January 28, 2018, 02:10:32 PM
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Will there be more currencies available to pay with ? Currently you can pay with EUR, BTC and ETH. My brother has some Bitcoincash so that would be nice for him to invest with it.
For crypto we'll only support BTC and ETH. For FIAT we're evaluating to also offer USD. Unfortunately, no Bitcoincash.

Ah oke thanks for your super fast answer Smiley. Well then i need to convince him to convert his Bitcoincash to ETH maybe. I will probably wait for the main sale. Cheers !

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January 28, 2018, 03:04:26 PM
 #170

500 million tokens of the Pre-sale Savedroid ICO were SOLD OUT in 7 hours!!! This is bringing me here Smiley Very interesting project! now reading on the whitepaper, so much more to learn about Smiley

Yes, this is really interesting project. There was huge demand in pre-ico. Now I expect ICO too sold out earlier than end date. I am also interested and thinking to buy tokens during ICO, but before that would Check the whitepaper to get overall idea of Sevedriod teams plan

I heard that you can already reserved your ICO from now if you want to buy, so it make sure you not miss it incase it sold quick. Cheesy


Reservation will be available from Monday.

Great start very soon on Monday!  Will read true the whitepaper and maybe get it some .... by the way is there any Thai version on the Whitepaper yet? It would be nice for me to read and understand as i am Thai  Huh  
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January 28, 2018, 03:17:07 PM
 #171

500 million tokens of the Pre-sale Savedroid ICO were SOLD OUT in 7 hours!!! This is bringing me here Smiley Very interesting project! now reading on the whitepaper, so much more to learn about Smiley

Yes, this is really interesting project. There was huge demand in pre-ico. Now I expect ICO too sold out earlier than end date. I am also interested and thinking to buy tokens during ICO, but before that would Check the whitepaper to get overall idea of Sevedriod teams plan

I heard that you can already reserved your ICO from now if you want to buy, so it make sure you not miss it incase it sold quick. Cheesy


Reservation will be available from Monday.

Great start very soon on Monday!  Will read true the whitepaper and maybe get it some .... by the way is there any Thai version on the Whitepaper yet? It would be nice for me to read and understand as i am Thai  Huh  
Unfortunately, there's no Thai whitepaper yet. But our community adds new translations almost daily to https://docs.google.com/spreadsheets/d/1xhUd2RGg7BtFM3SHXYvjrCSoGHyicss-3S4tYWUNkAU/edit#gid=448276818.

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January 28, 2018, 03:34:19 PM
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I just read their your info graphic post on medium and I must say it's really good. A very simplified explanation of your purpose. I have the post multiple claps. I now have a clue of what your project is about even though am yet to read your whitepaper. Who ever wrote that Infographic article among your team members is really good. I recommend that article for everyone who wants to get a good summary of this project.

Just make sure to include the fees between each part of the infographic

Hum? Not sure I get what you trying to mean presently mate. What fee are talking about? Didn't see any fees in the Infographic I am referring to. Unless we not talking about same thing. Mind clarifying to me what you mean?
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January 28, 2018, 03:46:19 PM
 #173

Ive downloaded the token model from this link: https://ico.savedroid.com/savedroid%20tokenmodel.xlsx

Why is there a 10% allocation of tokens for ''community, Biz dev, expansion''? What does this exactly mean?

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January 28, 2018, 03:50:25 PM
 #174

Ive downloaded the token model from this link: https://ico.savedroid.com/savedroid%20tokenmodel.xlsx

Why is there a 10% allocation of tokens for ''community, Biz dev, expansion''? What does this exactly mean?
That is used to build, develop, tain and engage the community. Some examples could be sponsoring of events, organizing meetups etc.

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January 28, 2018, 04:18:15 PM
 #175

Savedroid Founder & CEO Dr. Yassin Hankir great experienced person. He have total 8+ years experience. Please check below about Dr Yassin Hankir.

LinkedIn : https://www.linkedin.com/in/yassinhankir/

Twitter : https://twitter.com/YassinHankir
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January 28, 2018, 04:36:44 PM
 #176

It is great to see a track record at least I know now that your product actually works. Where is the product mostly active in? Germany?

Nice to see the founder replying to questions here too shows communications are open now at least for me two things (critical things in investment decision) out of the way. A working product and an available founder. I feel it is a great path ahead.
Yes the current product is available in Germany only so far. For the crypto-product we plan to go worldwide, as there's no need to have a German bank account anymore.

Good because i was about asking same, i'm relieved and for the fact that savedroid is using an artificial intelligence is a plus, the globe is involving and AI is the future, is either one joins where the future is heading or left behind
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January 28, 2018, 04:40:28 PM
 #177

It is great to see a track record at least I know now that your product actually works. Where is the product mostly active in? Germany?

Nice to see the founder replying to questions here too shows communications are open now at least for me two things (critical things in investment decision) out of the way. A working product and an available founder. I feel it is a great path ahead.
Yes the current product is available in Germany only so far. For the crypto-product we plan to go worldwide, as there's no need to have a German bank account anymore.

Good because i was about asking same, i'm relieved and for the fact that savedroid is using an artificial intelligence is a plus, the globe is involving and AI is the future, is either one joins where the future is heading or left behind

Artificial Intelligence exists for a long while now, the concept of AI goes quite deep, I think it helps to be a bit more specific, for example sentiment analysis (implying that a system attempts to characterize emotions) or machine learning (where a large dataset is supplied to the system which then attempts to find a correlation)

Perhaps it makes more sense to look at cancer, the amount of types of cancer is so diverse that it is almost impossible to find a cure to it

Nevertheless, I think AI works well together with blockchain applications

The world is a dangerous place, not because of those who do evil, but because of those who look on and do nothing
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January 28, 2018, 04:41:47 PM
 #178

Tobson, are there any restrictions for citizens of some countries, like at some other procjects for people from the US or China, that stops them from participating or is your ICO open for everyone?

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January 28, 2018, 04:52:00 PM
 #179

Tobson, are there any restrictions for citizens of some countries, like at some other procjects for people from the US or China, that stops them from participating or is your ICO open for everyone?

Is there already an ICO ban active in some countries?

I was under the impression that ICO's filter out some countries out of precaution so that they won't have difficulties explaining their investment when a ban does become active

The world is a dangerous place, not because of those who do evil, but because of those who look on and do nothing
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January 28, 2018, 04:53:18 PM
 #180

It is great to see a track record at least I know now that your product actually works. Where is the product mostly active in? Germany?

Nice to see the founder replying to questions here too shows communications are open now at least for me two things (critical things in investment decision) out of the way. A working product and an available founder. I feel it is a great path ahead.
Yes the current product is available in Germany only so far. For the crypto-product we plan to go worldwide, as there's no need to have a German bank account anymore.

Good because i was about asking same, i'm relieved and for the fact that savedroid is using an artificial intelligence is a plus, the globe is involving and AI is the future, is either one joins where the future is heading or left behind

Artificial Intelligence exists for a long while now, the concept of AI goes quite deep, I think it helps to be a bit more specific, for example sentiment analysis (implying that a system attempts to characterize emotions) or machine learning (where a large dataset is supplied to the system which then attempts to find a correlation)

Perhaps it makes more sense to look at cancer, the amount of types of cancer is so diverse that it is almost impossible to find a cure to it

Nevertheless, I think AI works well together with blockchain applications
We're right now using Machine Learning especially for all financial predictions, but are experimenting a lot with some deep learning frameworks like TensorFlow. Of course AI is not a new concept, but we (in the sense of humanity, not only savedroid) are also still far away of having a strong AI, but this is in my opinion just a matter of time.

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