savedroid

Savedroid - helps users achieve manageable savings goals

Large ICO from Savedroid

How time changes! Anyone who needs capital as a startup (fintech) must get a business broker or venture capital provider. But since mid-2017, new alternatives have been marked by rapid growth rates: ICO. The German fintech scene is now soaring on this train. Currently running the first Coins Offer from Savedroid, an innovative austerity app with a small droid.

Savedroid as savers savers

About the small savings helpers I have written in the early stages after undergoing a trial report in an IT financial magazine. Essentially, it's about helping users achieve manageable savings goals. A new 2,000 euro road bike, a 5,000 euro Caribbean vacation or a new iPhone for 1,000 euros. Simple Smoove rules allow users to transfer money from their checking accounts to their Savedroid accounts. As a reward for sporting goals achieved (or as a missing penalty) or even with excessive use of smartphones or certain applications.

Banner Savedroid with Claim: Save Yourself (Source: Savedroid / Pressekit)

Since the article, the team has been developing applications continuously. Thus, credit accumulation can now be issued with virtual MasterCard directly in the online store. So, if you've reached your saving target, you do not have to rethink your account. In addition, there is the first savings tips that allow users to reduce their operating costs, resulting in more money to save. With the right Smoove you can automatically save savings from previous rates or any bonuses.

Everything seems to arrive well. According to company information, the app has been downloaded more than 200,000 times since its launch in mid-2016. How many of them are unpublished active users, but the majority are between the ages of 18 and 34-and surprisingly around 50:50 spread to men and women . More than 10 million savings transactions have been made, but the volume is kept secret.

Save it on crypto in the future as well

So far, the amount of small and large savings is transferred to a non-discounted savings account at Bank Wirecard and accumulates there. Given the current interest rate environment, this is basically OK for short-term austerity targets. For long-term asset accumulation, on the other hand, higher-yield investment is more attractive. For the highly tech-savvy Savedroid target group, now there should be a new way of asset accumulation in the future. And it's not about stocks or funds, but about crypto.

To buy this is currently a bit uncomfortable and therefore, unfortunately, somewhat something for nerds. This is where Savedroid wants to start and simplify the regular crypto savings for the breadth of society. In early 2018, according to the company's roadmap, automated investments on famous Coins such as Bitcoin, Ethereal and Bitcoin Cash, as well as other Altcoin such as Ripple, Litecoin, IOTA, Dash, Stellar would be possible. From 2019, self-learning algorithms should simplify the conversion between coins and payment transactions with coins. In the final stages of development, smart algorithms from 2020 should offer the creation of a diversified portfolio, from which it can generate regular revenue.

Initial financing through ICO

Implementing this plan would be a trivial thing for a rather young fintech. For the development of platforms and algorithms required highly specialized developers, crypto professionals and of course expensive legal advice. Moreover, since high investment is only beneficial if the cost can be distributed to the widest possible user base, a major marketing attack is required.

Group pictures with dogs: Savedroid founding team (Source: Savedoid / Pressekit)

All this spends a lot of money, which the company does not own, despite some successful financing rounds. And the current operating business is unlikely to provide a positive cash flow to invest. What is closer to a crypto-fintech currency than to finance the plan through its own ICO? And it actually happens in the first quarter of 2018 as well. (Click here for English white paper in ICO).

A total of 10 billion units will be generated by SVD called tokens. A total of 6 billion units will go on sale and will be issued at a rate of one euro per 100 SVD tokens. However, from the pre-sales stage that has been completed (500 million units), buyers will receive 30% initial stage bonus. If ICO is actually sold, Savedroid will receive 58.8 million euros. Unclaimed evidence of sale "burned", reducing the total amount.

For that Savedroid requires capital

As already mentioned, major investments must be made in marketing for customer growth as needed. And so the lukewarm whitepapers are also 50% of the proceeds - so up to 29.4 million euros - flows there. 30% follow technical development and further publication in banking and rights consultation. Advisors receive not only cash, but also some of the SVD tokens that are not for sale.

But people also benefit from the award as part of the bounty program. For example, aides who translate white papers to other languages receive free tokens as gifts, as well as productive social media advocates who report ICO. Last but not least, there is also an appreciation for investors who are mediated in the context of a "customer advertising subscriber" program (ad link *), which is now part of the standard list for many companies. After all, 5% of all tokens are provided for this gift program.

SVD Tokens as an in-app currency - and with potential profits?

The SVD Token is called a utility token that is used as the currency in the Savedroid app. So if you want to redeem cryptocurrency via Savedroid, you may have to pay or at least be able to pay your trading fees on SVD tokens. However, it's just a dream of the future, because Savedroid does not currently offer any services to be paid. The white paper remains vague at this moment, but it is also fair to point out this issue as well.

Ultimately, this is the case that the token buyer, in principle, first stops his future transaction costs. Of course, that does not sound very sexy, so Savedroid has an incentive. Whenever an SVD token is used to pay a fee, some tokens are "burned". As a result, the total number of tokens decreases over time. Of course, this increases the likelihood that SVD tokens will increase in value over the long term - an argument for investing in the current crypto census.

In order for that to really happen that way, of course, the real business model of Savedroid should start well. There must be some risk here, because the promise of added value is very important in facilitating access to crypto-crypto for the masses. In order to work, two conditions must be met simultaneously. On the one hand, crypto explosions must continue in the future, as before. Otherwise, the viewer's address for Savedroid will be too small. At the same time, success requires that crypto purchases in trading areas continue to provide the bad UX as before.

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Savedroid's pre-sale ICO has gone so well. All SVD tokens on offer are sold within 7 hours. The question is whether the Main Sales of 09.02. until 09.03. Just as successful, but in today's environment it seems quite realistic. However, it would be much more interesting if Savedroid underwent a huge responsibility resulting from such huge funds. After all, tens of thousands of tokens buyers then believe that the team of millions of these investments will build something great.

Street map of Savedroid - all about crypto (Source: Savedroid / ICO One-Pager)

However, in the past, Savedroid has at least shown that they can build innovative tools - the little Spardruid has been running successfully for over a year, and I am very curious about the ability to store easy crypto. It would be very important and very helpful, however, if Savedroid would handle that annoying tax issue for me. Because this is one of the biggest construction sites for investors so far. In the long run, the tax office will not look the other way if some of them make a big profit and do not properly falsify it. An app that helps here will have enormous potential. Let's wait and see what else will happen.

If you are interested in ICO of Savedroid, you can register through this link (ad link **)

Indication of transparency

The text above only reflects my own opinion! However, I would like to point out the following for the sake of transparency. On the one hand, in this text in some places the affiliate links (marked as ** advertising links) are built. If you participate in ICO through this link, I will receive a commission of 5% of the purchase amount. Therefore, nothing is more expensive, but you support my work.

In addition, I purchased an SVD token as part of a pre-sale even with a low three-digit number. I have it an easy-to-manage economic interest in successful primary sales. However, balanced article points may be against risk.

Lastly, as part of the Boldy Savedroid program, I may receive some SVD tokens as a reward for this article. However, prize coverage is ultimately uncertain and possibly zero.

Important: these points do not affect my objectivity and my true opinion.

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