What’s SAVEDROID (SVD)?
Savedroid is the biggest and winning German FinTech specialized in artificial intelligence (“AI”) saving technology that has geared up to democratize cryptocurrencies. Savedroid uses a unique AI fuelled ecosystem of crypto saving and investing for the masses. Users profit from easy access to AI-based crypto saving plans in BTC, ETH, BTC Cash, Ripple, LTC, IOTA, Dash etc…and superior crypto investment opportunities, like portfolios, derivatives, and ICOs, without any technology adoption barriers.
Savedroid eliminates the complexities of today and painful processes by creating a smart user experience, which conveniently auto converts savings to cryptocurrencies, securely stores them, and makes them easily accessible, tradeable, and spendable. Than, Savedroid is the first German ICO driving crypto inclusion. Savedroid leverage its existing core assets of state-of-the-art AI technology and great UX based on maximum simplification and emotional gamification to deliver this exceptional value proposition.
In the end, Savedroid is the first ICO of a German stock corporation that follows German legislation and regulation to provide participants with the highest level of security. Savedroid’s spot is: Give the power to the people!
Partnerships and Beta Products Since ICO ends
Savedroid crypto beta runs on invitation only. So, you need to check the mailbox carefully to find out if you are the lucky one and have earned the privilege to be one of the most important first users to join the Savedroid crypto saving app.
In case the mail was not received with the personal invitation right away please don’t be disappointed. Savedroid is going to invite more users to join the crypto saving beta over the coming weeks.
Savedroid AG is a company located in Frankfurt on Main and its object is to create an AI-based Ecosystem made up of crypto savers and with fees as low as possible smoothing the way to investments in futures and ICOs for them. Since its start in October 2016, Savedroid has focused on an easy way of saving and now is having a try at reducing the fees into the cryptomarket, that is pretty high for a normal user.
- Wirecard Bank: that holds the deposits of Savedroid and provides the Savedroid credit card;
- CoinAnalyst will include savedroid’s crypto saving app in its cryptocurrency news app to offer newbies a smart, convenient, and safe access to the complex crypto world
Especially in this historical period, saving is difficult for many people.
The trading of cryptocurrencies, buy or sell, is still too complicated and elaborate.
Savedroid facilitates an access to cryptocurrencies for the customers as well as the simple exchange between FIAT and cryptocurrencies.
Savedroid is developing an AI operation to help users find good deals and automatically put some money aside in the case of a purchase. Savedroid wants in this way helping people putting money aside in a smart way.
- Wallet: https://savedroid.zendesk.com/hc/en-us/articles/115005994049-Which-wallets-do-you-support-
- Mobile App: https://www.savedroid.com/#about-section
Whitepaper Link: https://ico.savedroid.com/savedroid-ico-whitepaper.pdf
Info, News and ICO Results
SVD is an ERC20 token planned to be used for all future payment of fees on the Savedroid platform. Anyway, these fees are calculated in FIAT, so SVD is only used as an exchange and virtually has no real use.
Integration and usage of established cryptocurrencies would have been definitely possible and sure would not have hurt the basic business model. Through the payment of fees with SVD, a precise number of these tokens is destroyed. This burning practice is supposed to run short the token supply and at the same time increase the value of the still existing tokens.
Assessment on exchange list:
- Pre-sale 500.000.000 Token (bonus 30%)
- Public-sale 5.500.000.000 Token
- Max Token supply 10 Bil.
- Circulating supply 60%.
- Fully diluted $112M
Savedroid in the last period traded down -2.80% against US dollar since 25/09/2018 interval. Savedroid at this time has a market cap of $2.173.150 and its 24-hour trading volume is about $3.991. In the period of time covering 7 days, Savedroid is -4.87% against the US dollar.
Community Around It
- Telegram: 35188 members
- Twitter: 9645 members
- Facebook: 16288 members
- Reddit: 755 members
In regards to the recent news you can have a look at the links below:
- savedroid Tops One Day Volume of $1,441.00 (SVD)
- savedroid (SVD) price (value) is $0.000827
Yassin Hankir – Founder & CEO: McKinsey, Master in Economics, Ph.D. in Finance at the Goethe-University Frankfurt, Germany
Marco Trautmann – Founder & COO: McKinsey, consultant
Competitors and comparisons
Savedroid, as other already established companies, aims to make easier the buying of cryptocurrencies. Than Savedroid has to take strong competitors into account, like coinbase, coinflash, and mybitcoinsaver, that ease the purchase of cryptocurrencies. With the current structure of charges Savedroid has the by far the highest costs.
* Savedroid: €2/month, 7,5% for transaction charge;
* Coinbase: no base costs, 3,99% transaction charge
* Coinflash: $1/month, 3,99% (using Coinbase), rounds up payments and stores the difference as cryptos
* Mybitcoinsaver: no base costs, 4,5% transaction charge.
In comparison the position of Savedroid is weak. That’s why the AI aspect should be strongly emphasized so that an outstanding unique selling point can be created.
There are not really a lot of details on the financial and technical alignment and implementation of Savedroid. It can be assumed that cryptocurrencies are only bought in the name of the user from exchanges and kept in integrated wallets.
Company outlines with weaknesses in the whitepaper and the integration of the SVD token, that is not integrated into the business model in a useful way, besides the ICO crowdsale.
Savedroid requires that every user use SVD like currency for their services but using the tokens in this way does not afford Savedroid any increase in efficiency.
Overall, it can be said Savedroid’s concept, and the kind of technology it is built on, and the kind of technology it exploits, combine to make a significant contribution to the cryptocurrency world.
- Website: https://www.savedroid.com/
- Telegram: https://t.me/savedroid
- Twitter: https://twitter.com/savedroidag
- Facebook: https://it-it.facebook.com/savedroid/posts
- Reddit: https://www.reddit.com/r/savedroid_ico/
- BitcoinTalk: https://bitcointalk.org/index.php?topic=3346190.0
- Github: https://github.com/openblockchains/awesome-ico-truths/tree/master/i
- Youtube: https://www.youtube.com/channel/UC3Y2JBvIE2Zo1kczsrUpWRw
- Medium: https://medium.com/@ico_87
By Frank desifone
- Solid, massive team
- Interesting German projects coming through the ICO funnel
- Highly sustainable and innovative product with a massively growing user base and revenue
- Is the first ICO that follows German legislation and regulation to give participants the highest level of security
- Good concept, but it's not brand new
- Could use a more robust analysis and an alpha/beta product