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Author Topic: [ANN][ICO] savedroid - BITCOIN SAVING MADE EASY!  (Read 54964 times)
tempus
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May 07, 2018, 09:50:11 AM
 #2941

One thing that I don´t understand is why it seems like they would like to release the token at all exchanges at once.
Wouldn't it be better if they started at a small exchange were a price could be established with a low trading volume instead of a complete massacre if SVD hits all exchanges at once and everyone just want to dump?

Maybe I am to inexperienced. Is it standard to do it that way?

It makes sense to start on all exchanges at the same time or at least not on a small exchange first, because what usually happens to tokens that are listed on small exchanges first and only and don't get on big exchanges quickly: They drop with low volume because of a lack of liquidity. You can imagine it this way: It's normal that at least some ICO-Investors sell (impatience etc.). If there is not enough attention and liquidity to catch that even a few guys selling can push the price down significantly.

And it's not just about liquidity, but also about the psychologics. A big exchange brings some attention, has a PR-effect, and that leads into something like a "feedback-system". Investors are more optimistic and more likely not to sell or at least not below ICO-price. Potential buyers are more likely to pay attention.


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Bolovich
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May 07, 2018, 09:58:18 AM
 #2942

One thing that I don´t understand is why it seems like they would like to release the token at all exchanges at once.
Wouldn't it be better if they started at a small exchange were a price could be established with a low trading volume instead of a complete massacre if SVD hits all exchanges at once and everyone just want to dump?

Maybe I am to inexperienced. Is it standard to do it that way?

Low volume exchanges are not good choice to get started after having this kind of situation where so many people are already afraid about the future of this token. Listing on small exchange give control to the whales to manipulate the price and grab all tokens at cheap price.
Indeed the more exchanges the token is the more different people will have  access to it to is better to avoid whales.

  ▬▬▬▬ ViValid   █   ITEMS' VALUE AND OWNERSHIP IN THE BLOCKCHAIN
every item has a story   █   PRE SALE 14th May 2018                                                
   █   Whitepaper   Twitter   Telegram       
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May 07, 2018, 10:10:25 AM
 #2943

One thing that I don´t understand is why it seems like they would like to release the token at all exchanges at once.
Wouldn't it be better if they started at a small exchange were a price could be established with a low trading volume instead of a complete massacre if SVD hits all exchanges at once and everyone just want to dump?

Maybe I am to inexperienced. Is it standard to do it that way?

Low volume exchanges are not good choice to get started after having this kind of situation where so many people are already afraid about the future of this token. Listing on small exchange give control to the whales to manipulate the price and grab all tokens at cheap price.
Indeed the more exchanges the token is the more different people will have  access to it to is better to avoid whales.

Exactly this would a big mistake if team will decide to put this on a small exchange this will crash the price and it will make more difficult to enter into the recovery mode. Big exchange mean big chance to grow and more visibility to big investors this is promising project.
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May 07, 2018, 11:24:50 AM
 #2944

This savedroid always lies to community, their telegram admin said bounty allready distribute but no one receive until now
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May 07, 2018, 11:27:28 AM
 #2945

One thing that I don´t understand is why it seems like they would like to release the token at all exchanges at once.
Wouldn't it be better if they started at a small exchange were a price could be established with a low trading volume instead of a complete massacre if SVD hits all exchanges at once and everyone just want to dump?

Maybe I am to inexperienced. Is it standard to do it that way?

Low volume exchanges are not good choice to get started after having this kind of situation where so many people are already afraid about the future of this token. Listing on small exchange give control to the whales to manipulate the price and grab all tokens at cheap price.
Indeed the more exchanges the token is the more different people will have  access to it to is better to avoid whales.

Will there ever be listing on an exchange.? These guys are just playing with investors money. They don't have a clue on what to do.
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May 07, 2018, 12:30:49 PM
 #2946

There is something I find mysterious. Maybe somebody can help me to understand.

Three days ago this was posted on Reddit:

Minting for public sale tokens is done ...

... for everyone who has submitted his KYC, minting mode and wallet in time and hasn't paid via creditcard! In doubt feel free to contact us on Telegram https://t.me/savedroid
We continue now with the bounty tokens ...

https://www.reddit.com/r/savedroid_ico/comments/8gy040/minting_for_public_sale_tokens_is_done/


Their website shows...

a total supply of: 10,000,000,000 SVD
sold during the crowdsale: 6,000,000,000 SVD

https://ico.savedroid.com/token/


I believed that the ICO sold out and that there were about 35k public Investors. Etherscan shows this today:

Total Supply:   2,997,326,447 SVD
Holders:   19367 addresses


Does that mean  > 50% of the tokens were bought with Credit Card and weren't created because of that yet?


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May 07, 2018, 01:06:45 PM
 #2947

Only the Presale sold out, but not the main sale. From 6 billions token for sale "only" 4 billions were sold, 2 will be burnt.

I think they will have a harder time getting listed on good exchanges after their marketing campaign.
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May 07, 2018, 01:25:07 PM
 #2948

Only the Presale sold out, but not the main sale. From 6 billions token for sale "only" 4 billions were sold, 2 will be burnt. 


Ah, okay. Thanks! In that case the rest are Credit Card buyers and those who didn't pass the KYC. And Credit Card buyers theoretically could get their money as far as I know. Those who didn't appreciate the PR-Stunt and even more if they were not well informed about the 180 lock up period could try that maybe. Not all of course but I've read that some hoped to get refund.

What I find astonishing is that the Savedroid-Guys seemed to believe it would be reasonable to measure the total value at 100 mln EUR.



I think they will have a harder time getting listed on good exchanges after their marketing campaign.

Some days ago (April 26) I asked tobson2 on the german thread:

And you got the future listing on that certain top5-exchange without having to pay for it? And they don't see a problem with your PR-Stunt so that they cancelled an agreement?

He replied: Both correct.

https://bitcointalk.org/index.php?topic=2611692.msg35614895#msg35614895


The question is if he is honest or not. But tomorrow is the AMA and the exchange-question will probably be the number 1 question. One day later they have invited to their barbecue... If the exchange-topic should go wrong the barbecue might turn out as really hot for them. ;-)
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May 07, 2018, 01:33:35 PM
 #2949

There is something I find mysterious. Maybe somebody can help me to understand.

Three days ago this was posted on Reddit:

Minting for public sale tokens is done ...

... for everyone who has submitted his KYC, minting mode and wallet in time and hasn't paid via creditcard! In doubt feel free to contact us on Telegram https://t.me/savedroid
We continue now with the bounty tokens ...

https://www.reddit.com/r/savedroid_ico/comments/8gy040/minting_for_public_sale_tokens_is_done/


Their website shows...

a total supply of: 10,000,000,000 SVD
sold during the crowdsale: 6,000,000,000 SVD

https://ico.savedroid.com/token/


I believed that the ICO sold out and that there were about 35k public Investors. Etherscan shows this today:

Total Supply:   2,997,326,447 SVD
Holders:   19367 addresses


Does that mean  > 50% of the tokens were bought with Credit Card and weren't created because of that yet?





I have the same question. 18k of investors can not get their tokens till six months?
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May 07, 2018, 03:31:16 PM
 #2950

There is something I find mysterious. Maybe somebody can help me to understand.

Three days ago this was posted on Reddit:

Minting for public sale tokens is done ...

... for everyone who has submitted his KYC, minting mode and wallet in time and hasn't paid via creditcard! In doubt feel free to contact us on Telegram https://t.me/savedroid
We continue now with the bounty tokens ...

https://www.reddit.com/r/savedroid_ico/comments/8gy040/minting_for_public_sale_tokens_is_done/


Their website shows...

a total supply of: 10,000,000,000 SVD
sold during the crowdsale: 6,000,000,000 SVD

https://ico.savedroid.com/token/


I believed that the ICO sold out and that there were about 35k public Investors. Etherscan shows this today:

Total Supply:   2,997,326,447 SVD
Holders:   19367 addresses


Does that mean  > 50% of the tokens were bought with Credit Card and weren't created because of that yet?





I have the same question. 18k of investors can not get their tokens till six months?

Actually, I don't believe that almost half of the investors paid with credit card. Even if you count some people in who didn't pass KYC it would still be too many cc contributors imo.

tempus
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May 07, 2018, 04:28:29 PM
 #2951

There is something I find mysterious. Maybe somebody can help me to understand.

Three days ago this was posted on Reddit:

Minting for public sale tokens is done ...

... for everyone who has submitted his KYC, minting mode and wallet in time and hasn't paid via creditcard! In doubt feel free to contact us on Telegram https://t.me/savedroid
We continue now with the bounty tokens ...

https://www.reddit.com/r/savedroid_ico/comments/8gy040/minting_for_public_sale_tokens_is_done/


Their website shows...

a total supply of: 10,000,000,000 SVD
sold during the crowdsale: 6,000,000,000 SVD

https://ico.savedroid.com/token/


I believed that the ICO sold out and that there were about 35k public Investors. Etherscan shows this today:

Total Supply:   2,997,326,447 SVD
Holders:   19367 addresses


Does that mean  > 50% of the tokens were bought with Credit Card and weren't created because of that yet?





I have the same question. 18k of investors can not get their tokens till six months?

Actually, I don't believe that almost half of the investors paid with credit card. Even if you count some people in who didn't pass KYC it would still be too many cc contributors imo.

Read posts #2960 and #2961... I believed the sale would have sold out, what's not that case, so the number is lower.

Btw, were can I find the ICO-results in numbers, how much they got in which currencies? Their last blogpost was a hype-article on March 9. And these guys demand others to be more transparent.
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May 07, 2018, 07:00:25 PM
 #2952

Looks like this time they really really gone

No exchange

No distribution for bounty

No respons from dev

Only fake telegram admin with full of shit word

Scammmmmmm savedroid
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May 07, 2018, 08:56:42 PM
 #2953

Their joke or "trying to raise awareness" was really poor of judgement.

I am an investor and i can't think this is a serious project anymore. What were they thinking?

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May 07, 2018, 09:26:36 PM
 #2954

"I believed that the ICO sold out and that there were about 35k public Investors. Etherscan shows this today:

Total Supply:   2,997,326,447 SVD
Holders:   19367 addresses


Does that mean  > 50% of the tokens were bought with Credit Card and weren't created because of that yet?"


We now that 5M Euro was held in scrutiny from credit cards. Even assuming that they reached the 40M, it is realistic that the bulk of the small buyers payed with cc even though it only represent 1/8 of the total tokens.

That is 50% of the investors but only a small part of the tokens.
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May 08, 2018, 07:31:18 AM
 #2955

"I believed that the ICO sold out and that there were about 35k public Investors. Etherscan shows this today:

Total Supply:   2,997,326,447 SVD
Holders:   19367 addresses


Does that mean  > 50% of the tokens were bought with Credit Card and weren't created because of that yet?"


We now that 5M Euro was held in scrutiny from credit cards. Even assuming that they reached the 40M, it is realistic that the bulk of the small buyers payed with cc even though it only represent 1/8 of the total tokens.

That is 50% of the investors but only a small part of the tokens.

that mean that they laying i complete my kyc payment with btc and don't get my token yet and many have same probleme you can check telegram
and the big ^probleme many people get tokens twice and some people got tokens triple
how buy 100k get 200k
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May 08, 2018, 07:37:50 AM
 #2956


I think they will have a harder time getting listed on good exchanges after their marketing campaign.

Some days ago (April 26) I asked tobson2 on the german thread:

And you got the future listing on that certain top5-exchange without having to pay for it? And they don't see a problem with your PR-Stunt so that they cancelled an agreement?

He replied: Both correct.

https://bitcointalk.org/index.php?topic=2611692.msg35614895#msg35614895

The question is if he is honest or not. But tomorrow is the AMA and the exchange-question will probably be the number 1 question. One day later they have invited to their barbecue... If the exchange-topic should go wrong the barbecue might turn out as really hot for them. ;-)

I will read up the german topic, thanks for the link (I'm Austrian). I didn't have much faith in the project and only because of the hype I invested a very small amount play money, just to be onboard.
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May 08, 2018, 07:49:06 AM
 #2957

Their joke or "trying to raise awareness" was really poor of judgement.

I am an investor and i can't think this is a serious project anymore. What were they thinking?

And the worst thing, that they were joking at that moment when not all investors received their tokens... It didn't improve the reputation of the project.

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May 08, 2018, 08:01:06 AM
 #2958

"I believed that the ICO sold out and that there were about 35k public Investors. Etherscan shows this today:

Total Supply:   2,997,326,447 SVD
Holders:   19367 addresses


Does that mean  > 50% of the tokens were bought with Credit Card and weren't created because of that yet?"


We now that 5M Euro was held in scrutiny from credit cards. Even assuming that they reached the 40M, it is realistic that the bulk of the small buyers payed with cc even though it only represent 1/8 of the total tokens.

That is 50% of the investors but only a small part of the tokens.

that mean that they laying i complete my kyc payment with btc and don't get my token yet and many have same probleme you can check telegram
and the big ^probleme many people get tokens twice and some people got tokens triple
how buy 100k get 200k

This project allready failed, even the Simple task to distribute token they dont know how to do it, so how can they run this project in the future, all of them just a bunch of newbie in crypto, the best way is they cancel the project and refund investor money
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May 08, 2018, 08:09:28 AM
 #2959



We can ask our questions about bounty and exchange listing today. This project is slowing down, a lot of talks and promises from developers, and nothing valuable have not been done yet. They should work harder, because competitors aren`t sleeping.
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May 08, 2018, 12:49:06 PM
Last edit: May 08, 2018, 01:08:08 PM by tempus
 #2960

An interesting Interview with Yassir Hankir was published today - unfortunately only in german:

„Müssen uns dafür aufrichtig entschuldigen“ – So erklärt der Savedroid-Gründer seine missglückte PR-Aktion




Headline in english:

"We have to genuinely apologize" - This is how the Savedroid-Founder explains his failed PR-Stunt


I'll not translate everything but point on some interesting things he said during that Interview:

At one point he is asked why they've done an ICO. His answer is this - german original:

"Wir haben kurz vor dem ICO 1,5 Millionen Euro Eigenkapital von Investoren eingesammelt. Insgesamt haben wir nun 3,5 Millionen Euro Eigenkapital bekommen. Mit dem ICO konnten wir gleichzeitig eine neue Nutzergruppe auf uns aufmerksam machen, schließlich wollen wir mit dem Kapital eine Plattform zum Sparen in Kryptowährungen aufbauen. Die Zielgruppe ist eine ganz andere. Aktuell haben wir etwa gleich viele weibliche und männliche Kunden, die zwischen 18 bis 40 Jahre alt sind, sehr konsumfixiert sind und sehr schlecht mit Finanzen umgehen können. Die Mitglieder der Krypto-Szene sind älter, sehr technologieaffin und zu 95 Prozent männlich."


In english: He explains that they've collected 1.5 mln EUR before the ICO selling real shares and that they got 3.5 mln EUR in summary. The interesting part is:

"Due to the ICO we were able to get the attention of a new user/target group, since we want to develop a money-savings-platform in Crypto. The (this) target group is very different (...)"

Why I point on this is: Actually he says that the ICO itself was about marketing/PR, to get attention in the Crypto space and more users for the App under the line. It's not what I'm critical about per se. But good projects always try to create win-win-situations. To do that it's about the whole context and exactly that is totally distorted when it's about Savedroid:



Purpose of the token:

Utility tokens were invented by decentralized networks and have two or even three purposes: 1. Financial incentive to secure a decentralized network (mining for example). 2. Payment for services / Fees 3. Sometimes Utility tokens are also government tokens


SVD is about two: Payment for services / Fees. But:

1) That would not just be possible but much easier to do without the token at all, just to collect fees in whatever Currency they may offer in future.

2) He says that they want to develop a savings-App for Crypto. The offered service would be about helping Users to put money aside using algorithms that initiate automated transactions which follow some fancy rules - like whenever Trump pushes something out on Twitter, money is transferred from User-Address 1 to Adress 2 (savings-address). The problem with that is: It's a total contradiction in itself because each transaction costs fees. If somebody wants to put money aside he does exactly that, but he doesn't pay for unnecessary transactions that cost money having less money as result. How does it help anybody to save money if the whole business idea is about tricking the mind into tiny transaction that cost a lot of money under the line?

3) To do that Savedroid needs control about the used addresses. It's not possible to make automated transactions (or any transaction) from an address without having the private keys. That means: A user additionally pays to keep the money he wants to put aside in an online environment (unsecure) and to give up control about his private keys ---> money (unsecure!!!). Result: Savedroid-Users would pay for having less control and weaker security.

4) Economics of the ICO: They've believed it would be good to have a total supply of 10 bn tokens at a price of 0.01 EUR each. That makes obvious what they believe or want to make others to believe how valuable their economical system is or will be: 100 million EUR = 129 million Dollar. They wanted to sell 6 bn tokens but sold less while the exact numbers are nowhere to find. At least I didn't find them. But it's said they got about $50 mln. That is insane in itself. There are much better projects who not just didn't get that much money but didn't even ask for so much money because they know they don't need it. ICO's with experienced teams can be very attractive because they simply act honest and rational, also and especially when it's about the economics. That gives room once a token hits the exchange. But Savedroid took all the money they could get, leaving not much or even no room but a lot of potential that this could really sink like a stone. Experienced Guys would have stepped back only seeing the economical design.  



Marketing


Considered the context above (and sure: nobody needs to agree with my view on it) Savedroid has showed real commitment only in two aspects:

1) Creating a buzz, using everything for marketing
2) selling as much of their token to a ridiculous high price


Yassir now apologizes but in my opinion that is more in regards to the german Fintech-Community. If it was about their Crypto-Investors this apology can not be considered as honest, because otherwise he would have agreed to refund those who want get out. It's not possible to honestly admit "I have done something wrong" while saying "No, actually I don't want to repair the situation for those who are likely pay the bill".

And actually that's not just a mistake others are likely to suffer from. It's also not good for the project itself to start with such a high token valuation. They wouldn't ever need so much money to start. Software Development is not about building tons of infrastructure. They undermine their own credibility with that as well. Even without the PR-disaster Savedroid has to be seen as a hype-project without any interesting fundamentals. I personally see no potential at all because there are contradictions on all important aspects.

Plus: They've pushed themselves into a very bad position. Yes, they are millionairs now but that comes along with a lot of pressure. I consider it as a safe bet that no one of the team is happier now than he/she was before they've pulled of this ICO and especially their PR-Stunt. They will earn pressure each and every day and that will cut between them and their own Community while there is only one connecting aspect: The lack of experience. Team and their Investors seem to have that in common.



And just btw: Those who bought with Credit Card are the ones who are really fucked in this game.

Reason number 1: They have to wait 180 days after the payment was made until they will be able just to move their tokens
Reason number 2: Once they can it will be about significant supply flooding the markets and others will anticipate that. Just imagine you hold SVD and you know: "In three days first Credit Card buyers will be able to move and therefore to sell their tokens". What would you do? More supply flooding the market means pressure on the price and because ppl will anticipate that, the price is likely to tank some time before.


Another interesting point of the Interview:

The Interviewer calculates:

"You speak of 200,000 App-Downloads but you don't give numbers about actual Users. Marketing-Experts expect that only 20% really use an App after downloading it. Therefore you would only have 40,000 Users. (...)"

The interesting part is: Yassier doesn't reject that. He answers that it typically needs some time to get new users and more attention and so on. And yeah, that's probably true. But what he can't say there is, that it's also about trust. And besides everything else which I personally totally dislike: They've targeted trust with their PR-Kamikaze.

Plus: Their business model didn't work that well with Fiat until now while that actually makes much more sense, because it's not that much about security like in Crypto and it wasn't about high fees yet (or any fees).


What he says about exchanges:

"At the moment we're coordinating the trading-start of our token so that it will start at the same day on all exchanges. It should start in a few weeks."

Original: "Im Moment koordinieren wir den Handelsstart unserer Token, sodass dieser für alle Krypto-Börsen auf den gleichen Tag fällt. In wenigen Wochen soll es so weit sein."



If that quote is correct it doesn't seem to be about hitting exchanges "end of april or early may" anymore, but about weeks.

If so, the question would be why...?  My guess is: Exchanges backed off after their PR-Stunt, but of course, I can't know that for sure.


What he speaks else about is that they will put some effort in becoming better... also regarding communication etc. To read the whole interview in english Google Translator might be helfpul.




I don't even want to blame Savedroid for everything because in my opinion everybody should show some self-responsibility and think about projects and potential Investments. What I'm really eager to see is the due-diligence-list Savedroid has promised to put out, to help people to invest in a rational way. Because they'll find themselves in another paradox:

If that due-diligence-list should be high quality, it would have ruled out their own project. It will have to be superficial not to do that.
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