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

[incetivepro]

In simplest word it can be explained this way they are doing everything except listing on promised exchanges. That is the reason things which are interesting by their point of view and for project as well, are not getting the appreciation by holders. They need to satisfy their investors by fulfilling the promises to bring pace in the development and support. They need to build the bridge to bring the supporters on the same page.

Just think, what will be the price for the SVD token if they go to the exchange now? We all perfectly understand that this will be the end for the coin. Therefore, it seems to me that we will not see the exchanges for a very long time. And if you have not yet noticed, the SVD team generally does not care about investors.

5 ~ 10 satoshi

on: July 04, 2018, 02:37:35 PM   =>  5 ~ 10 satoshi
Sit and watch

Now  23 Sat


Dev team must do something and list SVD to top 5 as soon as possible. 6 months waiting and lost 80% of investment

[1615198804]

1615198804

[1615198804]

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[1615198804]

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[tempus]

The best and probably most unequivocally feedback the team gets is the market itself - not necessarily only the current price but maybe even more the whole orderbook-dynamic.

Example: IDEX - by far the leading exchange for SVD by volume: https://coinmarketcap.com/currencies/savedroid/#markets


This is how the orderbook looks like:





The buyside is pretty thin but that's not even the point. The sell side clearly shows how many want out.


Market Depth:




Means: They don't even want high prices. They just don't see enough liquidity on the buyside, so they (have to) open orders on the sell-side. Exactly that has a huge downside, because it has an indirect effect on Traders. It's deterrent...


Who still may believe that only smaller guys want to sell: Here is a single > 35 Million SVD transaction to IDEX about 1 hour ago:

https://etherscan.io/tx/0x5808f37697e4e307bb0ad25709f6529d4d69832c5c1d9e17710c88cb14e6c78a

Not sure what the guy believes how he ever could sell that much. Theoretically it would be possible but at the moment I doubt he will sell. Considered he bought that at ICO-price (probably he got some discount or whatever) his SVD were worth > 350k EUR.

Right now, and if such a huge order would be bought: About 44k EUR

Again, I don't believe he will sell. Actually I don't even understand that move to send it to IDEX. Makes little sense because if he would want to sell he should be more subtle, send it to IDEX in portions and also sell it that way.

[Maslate]

The best and probably most unequivocally feedback the team gets is the market itself - not necessarily only the current price but maybe even more the whole orderbook-dynamic.

Example: IDEX - by far the leading exchange for SVD by volume: https://coinmarketcap.com/currencies/savedroid/#markets


This is how the orderbook looks like:





The buyside is pretty thin but that's not even the point. The sell side clearly shows how many want out.


Market Depth:




Means: They don't even want high prices. They just don't see enough liquidity on the buyside, so they (have to) open orders on the sell-side. Exactly that has a huge downside, because it has an indirect effect on Traders. It's deterrent...


Who still may believe that only smaller guys want to sell: Here is a single > 35 Million SVD transaction to IDEX about 1 hour ago:

https://etherscan.io/tx/0x5808f37697e4e307bb0ad25709f6529d4d69832c5c1d9e17710c88cb14e6c78a

Not sure what the guy believes how he ever could sell that much. Theoretically it would be possible but at the moment I doubt he will sell. Considered he bought that at ICO-price (probably he got some discount or whatever) his SVD were worth > 350k EUR.

Right now, and if such a huge order would be bought: About 44k EUR

Again, I don't believe he will sell. Actually I don't even understand that move to send it to IDEX. Makes little sense because if he would want to sell he should be more subtle, send it to IDEX in portions and also sell it that way.

Thanks for sharing this information, but I am sorry to say that this data is not relevant if we want to know the market status of SVD.
We all know that it has raised a decent amount during the ICO, but IDEX trading volume as of this writing is only $51,000 which means it's just a small action.

[tempus]

The best and probably most unequivocally feedback the team gets is the market itself - not necessarily only the current price but maybe even more the whole orderbook-dynamic.

Example: IDEX - by far the leading exchange for SVD by volume: https://coinmarketcap.com/currencies/savedroid/#markets


This is how the orderbook looks like:


(.........)

The buyside is pretty thin but that's not even the point. The sell side clearly shows how many want out.


Market Depth:

(........)

Means: They don't even want high prices. They just don't see enough liquidity on the buyside, so they (have to) open orders on the sell-side. Exactly that has a huge downside, because it has an indirect effect on Traders. It's deterrent...


Who still may believe that only smaller guys want to sell: Here is a single > 35 Million SVD transaction to IDEX about 1 hour ago:

https://etherscan.io/tx/0x5808f37697e4e307bb0ad25709f6529d4d69832c5c1d9e17710c88cb14e6c78a

Not sure what the guy believes how he ever could sell that much. Theoretically it would be possible but at the moment I doubt he will sell. Considered he bought that at ICO-price (probably he got some discount or whatever) his SVD were worth > 350k EUR.

Right now, and if such a huge order would be bought: About 44k EUR

Again, I don't believe he will sell. Actually I don't even understand that move to send it to IDEX. Makes little sense because if he would want to sell he should be more subtle, send it to IDEX in portions and also sell it that way.

Thanks for sharing this information, but I am sorry to say that this data is not relevant if we want to know the market status of SVD.
We all know that it has raised a decent amount during the ICO, but IDEX trading volume as of this writing is only $51,000 which means it's just a small action.

Yes. Volume is very low and so is liquidity. But as I pointed out above: "IDEX - by far the leading exchange for SVD by volume: https://coinmarketcap.com/currencies/savedroid/#markets"

That means: Low volume and low liquidity is just an additional information.

If you also take into account that there are high supply transactions to exchanges, even if not sold because of a lack of buyers, it can tell you a lot about the current situation. That's not irrelevant but the opposite.

Btw: What is probably surprising to many and me as well, HitBTC didn't help and does not outperform IDEX by Volume. Not even Bancor or Cobinhood.

[Ndok88]

All coin and token recovery their lost... Almost all is green...
Ask: when svd?

[gembira]

When will be top 5 exchange? They promised top 5 exchange since beginning. Top 5 now are: Binance, Okex, Huobi, ZB, Bitfinex....

[Ndok88]

When will be top 5 exchange? They promised top 5 exchange since beginning. Top 5 now are: Binance, Okex, Huobi, ZB, Bitfinex....

I think more exchager is useless... No liqudity.. no attrack new investor... Nobody interest to buy the token.

The solutions is no more exchanger but promotions, rebrand, or something else to repair that bad reputation.
Maybe build their own mainet.😋

[Zontop]

Best solution is to keep going on with tokens in wallet as long as there is no opportunity to sell them. It may be turn to be good if bull returns and every single market will go up. Fresh money can move this market. I have stopped asking and just waiting for the situation to be good helplessly.

[sukhwindersingh]

What you will do with EUR investors ? Why you postpone tokens minting for us ?
Hopefully we will receive euro in android app ?
And start saving with SVD

[xiaomi99]

You are right but you‘ll be able to transfer the tokens via the app later this month, the wallet function (withdrawal) will be added to the Crypto Beta for everyone and you‘ll be able to transfer your tokens to any private erc20 Token wallet.

[Ndok88]

When will be top 5 exchange? They promised top 5 exchange since beginning. Top 5 now are: Binance, Okex, Huobi, ZB, Bitfinex....

I think more exchager is useless... No liqudity.. no attrack new investor... Nobody interest to buy the token.

The solutions is no more exchanger but promotions, rebrand, or something else to repair that bad reputation.
Maybe build their own mainet.😋

is this token more valuable than btc or eth? because to buy this token you need btc or eth. The question is better where to keep btc / eth or exchange it for svd token. Answer the question by yourself

[tempus]

The german site Gründerszene (focused on Fintech and Startups) just published the most interesting (and in my opinion also most important) article about Savedroid I've ever read so far:


Ex-Savedroid-Mitarbeiter berichten: „Es war wie bei Wolf of Wall Street“
https://www.gruenderszene.de/allgemein/savedroid-mitarbeiter-ico


It's too long to translate it all, but I'll translate what I believe to be the most important parts:



Headline: Former Savedroid employees report: "It was like Wolf of Wall Street"


About dick-pics:

- the PR-Stunt in April wasn't the only weird idea of the CEO Yassin Hankir. He also thought about replacing the website with the picture of a dick (when doing the Exit-Scam-Prank)

- If a potential (token) Investor changed his mind and quit the pay process Yassin wanted to insert a message that the potential Investor only wouldn't want to buy because he has a small dick.

- The team convinced Hankir not to do such things


About work-atmosphere:

- "It was dirty and the atmosphere was depressing" a former employee says

- Although Savedroid has to deal with sensitive data employees had (have?) to work on their private Laptops

- In the "welcome-letter" new employees were prompted to give Savedroid a good rating on Kununu (rating portal for employers)

- The mood was good in 2017, there was "startup-spirit", but also on Kununu the ratings went shouth in 2018


Then the article gives links to bad ratings as an employer...


- Although employees worked overtime it was never enough and while there is an agreement in the contract that Savedroid would pay employees with Crypto for overhours, several report they were not paid

- Founders booked a trip to Thailand for the team in May to lift the mood - it was paid with ICO-money.

- The gap between founders and employees became greater over time and Yassin Hankir increasingly acted like a "dictator"


Advertising & ICO:

- The Facebook-ban of Crypto-Ad's hit Savedroid hard. Traffic went down 95%

- The daily number of token sold tokens also went down

- They've tried to circumvent the ban with writing Crypto with „Ω“ instead of "o" - but it didn't really work out.

- Shortly before the ICO ended the Sales team got order to contact big Investors and to convince them to give more money. They had to promise premium and a good return. A prediction of an increase in value of 500% and more in a few months was also used to convince Investors.

- Also a fake-image of SVD trading on Binance was sent to Investors to convince them

- Savedroid wanted to hire a german rapper as testimonial but only hired Influencer on YouTube.

- A german Journalist (Roland Klaus), who is also member of the Advisory-Board of Savedroid, made advertising in articles on Wallstreet-online without identifiying it as that

- Savedroid got twice as much money during the ICO as expected but after the ICO also about half of the team left


About competence and expertise:

- Former employees have a lot of doubts that the Savedroid team has the expertise to build safe software

- There is a lack of knowledge about Blockchain-tech

- Until the end of the ICO nobody knew how to build a wallet

- During the ICO there was no work on the product, selling tokens was the only focus

- The website often does not reflect the current status but shows team-members that don't work for Savedroid anymore. Only after multiple requests Savedroid would delete pics of former employees


- The former Savedroid employees who talked to Gründerszene are relieved not to work for Savedroid anymore.

- They had to defend themselves against friends and others because of the PR-Stunt.

- One guy says: "I'm sorry for the team that tried to slow down Yassin". That he talks about it all now is not meant as revenge, he wants to do the right thing and to tell people what happens at Savedroid. He is glad that he left and says: Like in the movie Wolf of Wall Street




What I didn't translate: Gründerszene asked Yassin to directly comment on the allegations but he didn't want to. Instead he sent a Statement "why Savedroid is an attractive employer". In the article his quotes are kind of used to show the gap between reality and his irrelevant advertisement talk... I skipped those parts - because it really is irrelevant.

[pumz]

I appreciate your hard work to translate these important points. That was not just stunt but reality and raised red flags about the project. Even it was clear from the start they are capable but reading the translated lines it becomes clear that they were not knowing their work. They were and are dragging the things for more and more time as conclusion I can say.

[21joker]

Hi friends!

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URL: https://bitgur.com/alerts

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URL: https://bitgur.com/coin/SVD/chart

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URL: https://bitgur.com/watchlist

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[Ano]

Trading volume is not so good even there are 5 exchanges are on the list but it has down trend. I think current bear market will hurt a lot and we will see price on more low level in coming days and it could take more long time to get recover.

[tempus]

Since I've read the "Gründerszene-article" (summary-translation can be found here)  today I think about especially three aspects, and how the founders will react on that, because that are serious allegations.

Especially this one - German original:

"Kurz vor Ende des Tokenverkaufs sei das Sales-Team angewiesen worden, Groß-Investoren des ICOs zu kontaktieren und zu weiteren Investments zu überreden. Dabei habe man hohe Boni und Renditen versprochen. So sei eine Wertsteigerung der Savedroid-Token von 500 Prozent und mehr innerhalb weniger Monate prognostiziert worden, erzählen ehemalige Mitarbeiter. Des Weiteren sei ein gefälschtes Bild herausgeschickt worden, das zeigte, dass Savedroids Token auf der bekannten Kryptobörse Binance gehandelt werden solle. Auch dazu wollte sich Savedroid auf Nachfrage von Gründerszene nicht äußern."

Translation:

"Shortly before the end of the tokensale, the Sales team was instructed to contact big Investors of the ICO and to persuade them to additional Investments. There have been made promises of high premium and returns. An increase of value of the SVD-token of 500% and more in a few months was predicted, former employees tell. Also a doctored image was sent out which showed that the Savedroid Token was planned to being traded on the known Crypto-Exchange Binance. Savedroid didn't want to comment on that as well."  


The question here is: Are those allegations true? Some told me that several (many?) in the community believe that Gründerszene just wants to generate traffic. I don't believe that, because such allegations are too serious to play a risky game. Savedroid could very well sue them in case that Gründerszene hasn't fact checked or even made things up.

But:

1) Obviously they've talked to several former employees of Savedroid.
2) One allegation also is that, even if employees had to handle sensitive data, they had to use their own private computers to do that. If true, there is some probability that the journalists have seen proof... let's say a former employee showed them mails and the fake-pic or maybe they've even contacted bigger Investors to ask if that is true.



What I find interesting about this situation is: Some of the allegations in that article are so serious that Savedroid would have to sue in case it's just a made up story combined with serious lies. I mean, just remember: Savedroid publicly threatened the guys who published this study, which called Savedroid a scam, to take legal action (I doubt they've really done that). And the study was a non-event in comparison to this article.


How could Savedroid react on this?

1) Taking legal actions against Gründerszene? Sure, but only if Gründerszene doesn't have proof to underline it all.
2) Publish a blog post and say "this is not true"? Sure, but only if Gründerszene doesn't have proof to underline it all.



What I want to say with that: It's very likely that Savedroids reaction will show if those allegations are true or not. If it's just random talk without any detailed rebuttal and/or taking legal action --> Gründerszene tells the truth

If Savedroid rebuts details of the article and/or takes legal action it would be interesting to see who will win.


What I believe is: The guys of Gründerszene are no stupid kids but that they are prepared. They know that they can not just come up with something like that without having fact-checked it. And if they have done that, they have a lot to reply on everything Savedroid could come up with. At the same time: It wouldn't need that article to know that Savedroid doesn't have any integrity. They have a long track record of deceptive hype and lies.



And btw, I've already said this at the end of a long post in late April:

(...)


To the rest of the team: I would make a bet that not all of you disagree with what I try to explain here, even if I do it in an insulting way to the company that pays your checks. But think about where that money came from and ask yourself just two questions:

1) Do you really believe it’s deserved?  
2) Do you also believe that a refund should not be given because nothing has changed? #trust?

What I meant by that is simple: I've never believed that the whole team agreed to do this insane PR-Stunt - yet, it was done. Just that tells a lot about the company. It would be unlikely if there wouldn't have been more situations in which team-members had to follow insane orders of the founders. That's the reason why I'm not even too surprised that some former employees become whistle-blowers now, while I would be very surprised if their allegations should turn out as lies -  simply because everything what is said in that article fits into the obvious track-record of this crazy hype project which always showed a total lack of competence, integrity, sustainability, transparency, communicative skills while the opposite was often totally obvious, especially their greed and hypocrisy.

[memii]

There is complete mess up of information and facts. Anything can be true or false but all responsibility goes to founders who did and are doing strange things. It seems that with planning this kind of things are being published to keep the people confuse and uncertain about the next moves. But one thing is clear this situation can't last long and truth will be out sooner or later.

[Maslate]

Trading volume is not so good even there are 5 exchanges are on the list but it has down trend. I think current bear market will hurt a lot and we will see price on more low level in coming days and it could take more long time to get recover.

That's the price and we have to accept that, 5 exchanges but not high volume trading sites does not help us to achieve decent trading volume.
However, we should still be optimistic, we are just in the beginning and the good thing is that they deliver what they promised.

[tempus]

The day is still young, but already three things happened:

1) Another damaging article about Savedroid: Exklusiv: Savedroid-Token erlebt in erster Handelswoche ein Debakel *
2) Sparkasse Mainz (german Bank) uses that article and Savedroid to warn it's customers
3) Price: at 0,00098 Euro what means: It would need more than just x10 to get back to ICO-price


* The article is about the price disaster in it's first week on exchanges, about the bad mood, it also points on the PR-Stunt and then goes on:

"Shortly after "Finanz-Szene.de" digged deeper into the business-model of Savedroid - and came to the conclusion that this Fintech does not have a comprehensible business model."


Edit: The real irony here is that Savedroid pretended to give lessons for others about Scammers and ICO's, even wanted to promote their ICO-advisory with the PR-Scam-Prank. And now a german bank warns it's customers using Savedroid to point on the risks. Savedroid has not only done damage to their own Investors but they've also done damage to German projects that would have deserved trust of Investors (I'm not talking about Coinanalyst because I see them as pretty much the same as Savedroid and they even copied parts of the Savedroid whitepaper - btw: When I pointed on that I had a discussion with Tobias Zander on Telegram and he kicked me of course ).

[Ndok88]

The day is still young, but already three things happened:

1) Another damaging article about Savedroid: Exklusiv: Savedroid-Token erlebt in erster Handelswoche ein Debakel *
2) Sparkasse Mainz (german Bank) uses that article and Savedroid to warn it's customers
3) Price: at 0,00098 Euro what means: It would need more than just x10 to get back to ICO-price


* The article is about the price disaster in it's first week on exchanges, about the bad mood, it also points on the PR-Stunt and then goes on:

"Shortly after "Finanz-Szene.de" digged deeper into the business-model of Savedroid - and came to the conclusion that this Fintech does not have a comprehensible business model."


Edit: The real irony here is that Savedroid pretended to give lessons for others about Scammers and ICO's, even wanted to promote their ICO-advisory with the PR-Scam-Prank. And now a german bank warns it's customers using Savedroid to point on the risks. Savedroid has not only done damage to their own Investors but they've also done damage to German projects that would have deserved trust of Investors (I'm not talking about Coinanalyst because I see them as pretty much the same as Savedroid and they even copied parts of the Savedroid whitepaper - btw: When I pointed on that I had a discussion with Tobias Zander on Telegram and he kicked me of course ).

ups😫 ... dictators like German Hitler🤔🤐, if left like this, there will be no future for this company. This means that the issued tokens are no longer worth ...🤦