Savedroid — CRYPTOCURRENCIES FOR EVERYONE
”Cryptocurrencies for Everyone!”
savedroid, the award-winning German FinTech specialized in artificial intelligence (“AI”) saving technology, has geared up to democratize cryptocurrencies: savedroid will create a unique AI fueled ecosystem of crypto saving and investing for the masses. Users will profit from easy access to AI-based crypto saving plans in Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, IOTA, Dash, Stellar, etc. and superior crypto investment opportunities, such as portfolios, derivatives, and ICOs, without any technological adoption barriers. savedroid eliminates today’s complex and painful processes by creating a smart User Experience (“UX”), which conveniently auto-converts savings to cryptocurrencies, securely stores them, and makes them easily accessible, tradeable, and spendable. Hence, savedroid is the first German ICO1 driving crypto inclusion. savedroid will 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 fact, savedroid is the very first ICO of a German stock corporation that follows German legislation and regulation to provide participants with the highest level of security. So, join us in making the crypto world accessible for the masses and finally democratize financial services: Give power to the people!
Our Story
This is savedroid Within only 2 years, savedroid has already left its mark in the German FinTech space. We have built an award-winning, cutting-edge AI savings ecosystem that is available for free on Android and iOS in Germany. The app is targeting a rather younger user group — 90% between 18 and 44 years — and has registered more than 200K downloads and multiple millions of saving transactions have been processed so far. We have created enormous economic value for our mass market users. And high customer satisfaction — just have a look at our app store ratings:
Company History
savedroid was founded as a stock corporation (Aktiengesellschaft) in 2015 as part of the Unibator program of the Goethe University Frankfurt/Germany — the financial center of the Euro zone. Since then savedroid has raised more than €3M in equity from renowned investors such as the Investment and Economic Development Bank of Rheinland-Pfalz (ISB), 360T Group Managing Partner Alfred Schorno, Infosys Germany Founder & former CEO Debjit D. Chaudhuri and Traxpay Founder Dr. Michael Rundshagen etc. Just a few months after its foundation savedroid already closed a partnership deal with Wirecard Bank and delivered the first mobile app with a fully deposit secured savings account. Not much later, savedroid launched a credit card so that saved money can be spent easily to purchase the desired wishes.
Partner Ecosystem
savedroid has built a very strong ecosystem of renowned partners3 , many of them leaders in their respective field of operations. With these partners, savedroid can not only offer the best services to its users but can also benefit from the reach, trust and reliance of its strong partners. We choose our partners based on capability of innovation, implementation speed, reputation and user focus.
Media coverage savedroid has been featured in many trusted magazines, newspapers, blogs and even on radio and TV:
Awards savedroid and the savedroid solution to automatically save money and optimize personal spend based on self-learning AI technology have been recognized by various prestigious awards, amongst them:
The savedroid Token — SVD We create an ERC20 utility token with a built-in deflation mechanism as suggested by Vitalik Buterin4 to support the future value of the savedroid token. The savedroid token — with the short name “SVD” — can be used to purchase the crypto services within the savedroid ecosystem. Users of our automated crypto saving and investing will use the savedroid token to pay the fees of these crypto services. Once, a savedroid token has been used for a purchase within the savedroid ecosystem we will burn a certain percentage of these tokens to support the future value of the tokens. You can also sell the SVD privately, in supported token exchanges, or hodl [sic] it. Moreover, using the SVDs within the savedroid ecosystem will provide additional user and network benefits to further stimulate savedroid’s growth, as described in more detail below.
Token Issuance
savedroid is up and running fast for more than 2 years, has a successful product live with a strong track record of the latest AI technology and state-of-the-art UX, a massively growing and highly engaged user base, and relevant revenue streams. Now integrating cryptocurrencies is a logical and very important leap forward to consistently expand the savedroid ecosystem. Further extending our AI technology, integrating B2B partners, growing our talent pool with the right developers, UX designers, marketing professionals, setting up the legal framework, and, of course, driving significant user growth through targeted performance marketing requires substantial additional investments. By launching an Initial Token Sale (“ITS”, often also referred to as ICO — although a token sale is not the offering of coins), we would like to give the crypto community the amazing opportunity to participate in savedroid’s success story, instead of limiting access to a small number of traditional venture capital funds. Besides, an ITS is quick, transparent, and efficient and, thus, empowers savedroid to expand its ecosystem and launch the AI fueled crypto saving and investing features much faster. Issuing SVD also allows savedroid to be backed by participants from all over the world, who will have access to SVD right after its creation and can help to spread the word of savedroid’s new crypto services to facilitate user growth and create additional value for the savedroid token. After the ITS, savedroid will aim to list SVD as soon as possible on relevant token exchanges. We will communicate the exact starting dates of the SVD trading once we have received final confirmation from the token exchanges. Participants can be part of this immense opportunity to allow everyone world-wide6 to have their micro-savings automatically converted in cryptocurrencies and profit from the massive future potential of cryptos.
Metric Parameter
Start of Pre-Sale 12 January 2018
Start of Main Sale 09 February 2018
Token Price 1 EUR = 100 SVD
Tokens Issued 10,000,000,000
Tokens for Sale 6,000,000,000
Min Cap 50,000,000
Min number per subscription 1,000 M
Max number per subscription 10,000,000
SVD Distribution
60% of the maximum number of SVD will be offered for sale during the Pre-Sale and the Main Sale. The remaining SVDs are reserved and will be distributed as follows: 10% will be reserved for community initiatives, business development, and expansion. 5% will be allocated for our bounty program for ITS participants. A further 10% will be retained for distribution among advisors, community managers, smart contract developers, and legal. The remaining 15% of SVDs will be distributed to savedroid’s early equity investors and the savedroid team as an incentive to ensure long-term alignment of interests and commitment to the savedroid ecosystem and, hence, the savedroid token and their future value. All reserved tokens (except bounty tokens) will be locked and vest 1/20 per quarter, i.e., linear vesting over a total period of 5 years. This means that, each quarter, the owners of reserved tokens can only sell up to an additional 1/20 of their effectively allocated SVD. All lock-ups will be controlled by a dedicated smart contract (“Vesting Contract”) that will be publicly available.
Financial Model
The model is based on a micro-economic model that simulates possible price developments of SVD on third party token exchanges. The model includes parameters for possible future prices and revenues of the savedroid crypto services, assumptions for ITS sales, sell pressure, and savedroid token burn percentage. For more information about the savedroid token economics, please refer to chapter 3 above, where the supply and demand model behind the forecasted SVD price development is explained in detail. In the charts below, we simulated a possible outcome to illustrate the functioning of the model.
additional information:
Website: https://ico.savedroid.com/?ref=567237a0-75b3-496a-badd-15cee63d313a
WHITEPAPER: https://ico.savedroid.com/savedroid-ico-whitepaper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=2578161
Facebook: https://www.facebook.com/savedroid
Twitter: https://twitter.com/savedroidAG
TELEGRAM: https://t.me/savedroid
BTT:https://bitcointalk.org/index.php?action=profile