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Savedroid (SVD) ICO Review – ICO Token News

What is Savedroid?

Savedroid brings to you a distinctly crafted AI-fueled ecosystem of crypto investing and saving for the masses. The system allows users to gain profits by having easy and hassle-free access to Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, IOTA, Dash, Stellar etc.

The system also facilitates savings plans and enhanced crypto investment opportunities, such as futures, portfolios, and ICOs. This eliminates the need to learn AI technology and creates a great user experience, based on maximum emotional gamification and simplification.

SaveDroid

Savedroid’s aim is to end the existing painful and complex processes with the creation of a smart User Experience (UX), which can automatically and conveniently convert savings into cryptocurrencies, store them securely, and make them easy to access, trade, and spend.

With a view to making available this remarkable value proposition, the company will take advantage of its available core assets of advanced and avant-garde Artificial Intelligence (AI) technology and amazing UX.

Savedroid Graph

Problems that led to the making Savedroid

The creators of Savedroid claim that everything is not just fine according the people, beginning to get in Cryptocurrency market. Having a smooth entry and execution is important along with new facilities, perks and benefits, but people do face some unwanted glitches that leave them nowhere. For example, traders are sometimes charged fees by Trading Exchanges, which traders believe are unnecessary and contribute to one sided profit. Like this, there are many, which make entering Cryptocurrency market daunting even for tech-savvy players.

The turns and bounces

This is where, people need to take a lot of learning about blockchain technology, its structure, importance of private keys, hardware and web wallets. Savedroid has been designed in a way, so it can make life easier on this zone for investors and collectors. They have enabled their token-sale in escrow, executed by renowned lawyer Alex Hellinger from Germany.

The company has programmed their tokens in a way, so it can resolve some real world problems and attain a label of ‘utility token.’  The SVD tokens are as well meant to facilitate users with ‘auto save’ option. For instance, as you are eyeing on to invest in a ‘new car,’ do you know you can save $10 on your each drive upto 100km and they have got a chic term for this mechanism – ‘smooves.’ This means ‘smart saving moves.’

With such of an innovative project, Savedroid has proved to be smart and likely to be approached by younger generation of our society to meet the calls of their target market. By now, what we have got here is this is simply a smart saving app; however it is as well enabled with crypto investment. With the use of a credit card, the user can make payment to attain Cryptocurrency. Well, the company is as well facilitates the users with a native credit card and it is known as Wire Card. There are though more associated to its perks and features, but the mains include integration of Amazon Gift, direct access to various ICO investment opportunities and mobile phone tariff tracking.

How good is the Savedroid project?

They say, so what if their tokens don’t serve as any currency, but it surely has been programmed to solve some practical issues. If you are wondering whether your ICO investment would be worth or not, do look at the audience and purpose it is serving. The market it is serving is immense and importantly functional. Little do you know that there’s as well a market of Personal Savings and it’s huge dimensional.

Personal savings market is mostly saturated with younger generation. Of which most are under 25. Now, why younger generation is because they don’t believe and buy financial products offered by banks. Cryptocurrency is being a new interest amongst them. They are likely to more of Ethereum than bank bonds.

Even affluent countries such as the UK is bothered looking at the increasing rate of unemployed youth and the financial products or schemes that are no way helping them out. Simply speaking of share dealing accounts, they usually require an immense investment to be opened and then activated.

From this point of view, Savedroid proves to have potential to totally disrupt those financial markets that are not generating anything of use for younger generation. The creators of the app says, from now on, everything will have a value that will benefit a certain section of the society and help them become at least micro investors, who have not yet got any easy access to any financial markets yet.

Savedroid Whitelisted

How is Savedroid worth investing for?

As some of you might know about the risk factors of ICO market is still holding onto, this is where pre-investment consultation service comes to play its role. Not all ICOs have potential to earn you double of your investment. While some of them set a poor goal, some are not law compliant. Typically, ICOs are set on strict legal grounds, simply because it relates a lot of money. For most times, people complaint about losing money, ICO holders have to follow certain regulations.

Savedroid has nothing as such as it has been extensively researched before being put up on public recommendation platform. And, as far as comparison with other ICOs is concerned, here’s why, SaveDroid is worth investing for:

  • The concept is innovative and importantly functional.
  • The market it has targeted has high value
  • It has released perhaps the most comprehensible whitepaper for anyone and everyone read and invest
  • They ensure transparency as well as reliability.
  • Their team deserves several rounds of applause for leaving no loopholes in project processing.

How does Savedroid work?

Dissimilar to other Fintech companies, the objective of Savedroid is to target those who are disinterested in spending their time in conducting financial research. The company, instead of targeting an elite group of hardcore experts, is aiming at the vast majority of mobile users, which undoubtedly has an immense market potential. Savedroid brings to its users an easy to use, lifestyle-centric way of micro saving to meet their requirements, for example to buy their next new notebook or vacation.

Some critical functions that Savedroid performs are as follows:

The AI technology based smooves turns a user’s daily activities into automated savings, for instance:

When you go out for a run, Savedroid will save €5.00 for you.

When you hit the snooze button, it saves €0.50 for you.

When you purchase through Amazon, it saves 5%for you.

Moreover, through its partner bank Wirecard, the company intends to provide its users with a free savings account. With every triggered smoove, the company will transfer a small sum to the savings account, so that the saved amount continues to grow day by day.

Savedroid Process

So far, the Savedroid app has triggered multiple millions of savings transactions, and it has already kept aside multiple millions of euros with a view to achieving its users’ individual wishes and making the most of their lifestyle.

What is the Savedroid Token?

Similar to other ICOs such as Celsius, SkyChain, Altair, Lendo, ABYSS, EQUI, Fiancia,  Savedroid names its token as SVD. It is a utility token with a deflation mechanism. Users can use SVD token to purchase crypto services available within the Savedroid ecosystem. Savedroid will burn a certain percentage of these tokens once their holders have used them for a purchase. Besides, the company will use the burned tokens to extend support to the future value growth of the Savedroid token.

SVD token sale

Savedroid claims to have created up to 10,000,000,000 SVD tokens, but it will release only 6,000,000,000 tokens for sale.

The token pre-sale commenced on January 26, 2018, at 12.01pm,

Its main sale will take place on March 1, 2018, at 9.02am.

The company has decided to offer 30% of pre-sale bonuses though the first 100 SVD tokens it offered for sale at EUR1. It will offer its SVD token for purchase through cryptocurrencies like Bitcoin and Ethereum, EUR, and USD through bank transfer and credit card.

 

How does Savedroid work?

Dissimilar to other Fintech companies, the objective of Savedroid is to target those who are disinterested in spending their time in conducting financial research. The company, instead of targeting an elite group of hardcore experts, is aiming at the vast majority of mobile users, which undoubtedly has an immense market potential. Savedroid brings to its users an easy to use, lifestyle-centric way of micro saving to meet their requirements, for example to buy their next new notebook or vacation.

Some critical functions that Savedroid performs are as follows:

The AI technology based smooves turns a user’s daily activities into automated savings, for instance:

When you go out for a run, Savedroid will save €5.00 for you.

When you hit the snooze button, it saves €0.50 for you.

When you purchase through Amazon, it saves 5%for you.

Moreover, through its partner bank Wirecard, the company intends to provide its users with a free savings account. With every triggered smoove, the company will transfer a small sum to the savings account, so that the saved amount continues to grow day by day.

Savedroid_process

So far, the Savedroid app has triggered multiple millions of savings transactions, and it has already kept aside multiple millions of euros with a view to achieving its users’ individual wishes and making the most of their lifestyle.

What is the Savedroid Token?

Similar to other ICOs such as Requitix, Cointed Token, Sether, SuperPay, Upline, ODEM,    Savedroid names its token as SVD. It is a utility token with a deflation mechanism. Users can use SVD token to purchase crypto services available within the Savedroid ecosystem. Savedroid will burn a certain percentage of these tokens once their holders have used them for a purchase. Besides, the company will use the burned tokens to extend support to the future value growth of the Savedroid token.

SVD token sale

Savedroid claims to have created up to 10,000,000,000 SVD tokens, but it will release only 6,000,000,000 tokens for sale.

The token pre-sale commenced on January 26, 2018, at 12.01pm,

Its main sale will take place on March 1, 2018, at 9.02am.

The company has decided to offer 30% of pre-sale bonuses though the first 100 SVD tokens it offered for sale at EUR1. It will offer its SVD token for purchase through cryptocurrencies like Bitcoin and Ethereum, EUR, and USD through bank transfer and credit card.

SVD token

SVD token distribution

Unlike other ICOs, such as ODEM, Requitix, Shping, TV-TWO, Signals, Gamblica, LocalCoinSwap, Savedroid has decided to distribute the funds that it expects to raise from SVD token sale in the following way:

10% for community, business development and expansion.

15% for equity investors and team.

10% for advisors and legal.

55% for the main sale.

5%for pre-sale.

5% for bounty.

Allocation of sale proceeds

Savedroid has decided to allocate the acquired proceeds in the following way:

5% will be allocated to legal and admin.

15% will be for banking and crypto.

50% will be allocated to marketing.

30% will be allocated to technology.

Savedroid roadmap

The mission of Savedroid is to bring cryptocurrencies to the masses. With this in mind, the company has designed and developed its roadmap, which is as follows:

1 – In Q4 2015, Savedroid was founded as a stock corporation and as part of the Unibator program of the Goethe University Frankfurt/Germany (the financial center of the Euro Zone).

2 – In 2016, it was selected for Deutsche Borse FinTech Hub, seed financing, Wirecard partnership. In the same year, Savedroid launched Android and iOS mobile apps and AI algorithm, and 50K+ app downloads.

3 – In 2017, the company upgraded to a self-learning AI algorithm, launched spend optimization, growth financing, 200K+app downloads, 10M+ savings transactions

4 – In 2018, it has planned to introduce a self-learning AI algorithm, which will allow for convenient crypto saving in Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, IOTA, Dash, Stellar etc., thus allowing for hassle-free access without technological barriers.

5 – In 2019, it will be launching a self-learning AI algorithm to enable smart spending and saving, in and across cryptocurrencies, thereby offering easy crypto switching and payments

6 – In 2020, it is committed to introducing a self-learning AI algorithm which will enable smart investments in cryptocurrency portfolios, futures, and ICOs, thus delivering diversified and cost-efficient returns.

The team behind Savedroid

Savedroid is a team of exceedingly intelligent and extensively experienced people. The hierarchy of the team starts from Yassin Hankir, the Founder, and CEO, who actually set up the foundation of Savedroid, and is highly recognized FinTech entrepreneur and enthusiast. YIassin holds a master degree in Economics and Ph.D.  in Finance from the Goethe-University Frankfurt/Germany. After the Founder and CEO of Savedroid, the team further includes:

Marco Trautmann, Founder, COO.

Tobias Zander, Founder & CTO.

Debjit “Debu” D. Chaudhuri,

How does Savedroid ICO differ from other ICOs?

Savedroid has a highly sustainable and innovative product with a massively growing user base and revenue.

It allows every prospective user to become part of the revolution and profit from cryptocurrencies.

Its specialization in AI saving technology democratizes cryptocurrencies.

It eliminates the existing complex and painful processes of smart UX creation.

It takes advantage of its currently available core assets of AI technology and great UX.

Savedroid is the first ICO that follows German legislation and regulation to give participants the highest level of security.

Summary

Overall, it can be said Savedroid’s concept, and the kind technology it is built on, and the kind of technology it exploits, combine to make a significant contribution to the cryptocurrency world.

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