Savedroid – Investment for Modern Finance Solution

hi this time i will discuss about savedroid project coming from german

see my article below.

The first German smart saver app launches an ICO. The company from Frankfurt wants to make cryptocurrencies accessible to the average consumer and help users with savings.

The Frankfurt-based company wants to make it easy for ordinary users, not crypto-nerds, to save in cryptocurrencies as easily as possible. Savings contributions are to be created in Bitcoin or Ethereum.

What is SAVEDROID?

Savedroid is an app for Android and Apple smartphones which can be downloaded in the Playstore or App Store. Once an account has been created, either by email, Facebook or Google, the app asks for a bank account. In order to connect his user account with the checking account, the login information for the online banking of the app is revealed. In the course of the GTC confirmation, a SEPA direct debit mandate is also issued which allows savedroid AG to collect money from the account and create it for the user.

Pre-set amounts are now, when a rule has been met, deducted from the bank account and credited to the wallet. The whole thing happens after an if-then logic. For example, if the phone detects that you have walked 5 km instead of taking the car, you will automatically save 5 €. These savings rules are called safedroid "smooves".

A few smoove examples are:

Whenever you have a financial margin in the bank account.
Each time the account balance changes, the amount is rounded up and invested.
If you turn on your mobile phone display 50 times.
Every time you use a handheld app, like Facebook for too long.
If you walk instead of driving a car.
If you drive a certain distance bicycle.

So it is easy for the user to save for things without having to log in each time in his account and make a transfer to a savings account. The money box can also be scrapped.

Another gimmick is the proposal for new utility contracts. As partners enter here Check24, Drillisch and Freenet. Whenever the app detects that money can be saved at one point, it is suggested to the user. After signing the contract, the amount saved will be credited to the wallet.

So far, over 200,000 people are using the Spar app on Android or iOS devices. The app is completely free and offers a deposit insurance and a TÜV-certified data protection which is on the level of online banking.

The ICO

The company is planning an ICO between January 12 and March 9, 2018. In the period between January 12 and January 26, 2018, there will be a pre-sale granting a 30% bonus. The token will cost 1 €. Of the 100,000,000 tokens produced, 60,000,000 are sold. The hardcap is therefore 60,000,000 €. In the pre-sale, a maximum of 5% of the mass sold, then the main sale begins. All tokens, which are not sold, are burned and are therefore no longer usable. The team, investors and withholding receive 15% of the tokens. Icon will be SVD. So far no white paper has been published yet. The team wants to make up for this by the end of the week. Instead, a one-pager is supposed to inform potential investors about the project so far.

Savedroid items

Investment funds in view of AI: Instead of targetting the rich like numerous banks have a tendency to do, Savedroid focuses on the majority, this has been demonstrated by their application rapidly achieving 200,000 downloads. A large portion of the clients of the application are searching for a simple to utilize application that causes them to spare.

They accomplish this by turning their clients fundamental exercises (which they call smooves) into investment funds which would then be able to later be put something aside for greater buys. Each time a client plays out a straightforward activity the application spares a specific sum into their investment account. A large number of ‘smooves’ have just been made on the stage, implying that a huge number of Euros have just been spared by their clients.

Streamlining spending: By utilizing AI the application likewise expects to spare it’s clients cash. It does this by checking what kind of items the client is spending their cash on and after that finding less expensive offers for them. For instance the application can recommend anything from a less expensive occasion to a less expensive utility supplier.

SVD tokens:
Savedroid will use their own cryptocurrency called “SVD” tokens. SVD is a utility token and can be used for different actions such as paying fees incurred. SVD is based on the ethereum blockchain. What is special about the SVD tokens are for example that the tokens come with a deflation mechanism, meaning that a percentage of tokens will be burned after a several time to keep the token price up.
Here are some more facts about the SVD tokens:
Pre-Sale 12.01. – 26.01.2018
Main Sale 09.02. – 09.03.2018
100 SVD Token sold at €1
Pre-sale Bonus +30%
Tokens created 10,000,000,000
Tokens for Sale 6,000,000,000
Tokens unsold will be burned
Payment methods via BTC, ETH, EUR and USD (via bank transfer and credit card).

Token allocation and funds usage will be as followes:

Roadmap:
Below you can see the roadmap from Savedroid. Started in 2015, they have already achieved quite alot with partnerships and their launch of the IOS and Android app. For the future their goals are to advance their self-learning AI algorithm by enhancing functionalities in form of smart investments.

The Team:
Below you can see the lead team behind the project. For more information about the rest of the team as well as more information about their working fields, check out the team list on the official website. The team is very diversified in knowledge. Savedroid has almost experts in every field, from IT, blockchain, to marketing, PR and communications, all a good project needs. The team overall looks very capable of having a great success with their project.