Savedroid is no doubt a great project. Their vision is very clear and achievable. Look everywhere, not every people are ready enough to use cryptocurrency, and one reason why is because it is technical to use. I think savedroid wants to solve that problem, they are really targeting mass adoption.
There is an unbelievable high number of projects who aim to deliver exactly that. The biggest task is to find a good solution between easy-to-use and high-security. It's the latter that concerns me when it's about Savedroid (actually it doesn't concern me personally because I won't use it). Thing is: The business-model of Savedroid was to help people putting money aside. In the Fiat-world it doesn't matter so much if you have money on this or that bank-account. But translated into Crypto there are several differences and difficulties:
1) Experienced Crypto-Users wouldn't ever store Crypto-Assets as savings in an online environment. That would be similar to having it on an exchange-account
2) It's the other way around: Crypto-Assets "should" be stored in a cold fashion what means: Not just should never ever anybody else have control over the own private keys but in best case (most secure) those PK's shouldn't touch an online device until the user wants to transact
3) If I get it right: Savedroid will have control over the private keys and of course it's not a cold-storage-service
4) The Savedroid-Guys are not experienced in Crypto themselves
5) Under the line: Users will have to pay fees to put money aside (doesn't make that much sense) and to give away control about it. Very true is this saying in Crypto: Who has control over the private keys owns the money.
6) Competitors are better and there are many.
Under the line there is not much incentive to use Savedroid at all, and even if: It's unlikely that they'll be superior to projects who basically do the same, but without all the fancy stuff (unnecessary transactions whenever trump tweets etc.) and focused on what matters: Security and easy to use. Actually I don't even get how Savedroid was able to market themselves as "we want to simplify" because that is not what they do. Their own token is not necessary but adds complexity. All the "AI-transactions" (if....happens...transact...amount x to..) add complexity and are not necessary. Question really is what is left?
And what already is obvious, even if we don't think about their silly PR-Stunt anymore. They are not ready for Crypto yet, overwhelmed by the tech and communication, don't know how to build and treat their own community etc. Just one example: This is on reddit today:
Currently investigating a minting issue, relevant for <1% of all tokens. Will announce details and solution in the next AMA before trading start.https://www.reddit.com/r/savedroid_ico/comments/8goxr6/currently_investigating_a_minting_issue_relevant/That seems to be all what they are saying about that subject and it's a weird choice to put that on reddit which is a desert for the project - near to zero activity, while not saying it anywhere else I would know of. But they used a megaphone to demand the whole space to be more transparent and that it would need higher ICO-Standards etc. I don't see any sign that they meet any of that themselves.
