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 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!
Let’s start with Deutsche Börse. As operator of the trading platform Xetra and the Frankfurt Stock Exchange, Deutsche Börse calculates the DAX share index and is listed with their shares on the DAX. When the Deutsche Börse opened its Fintech Hub in Frankfurt in 2016, savedroid was one of the first tenants. Together with four other startups, savedroid uses the infrastructure of the incubator. This includes access to the network of Deutsche Börse AG. savedroid is thereby part of the Deutsche Börse Venture Network with over 400 members from all over Europe. The Deutsche Börse brings together young growth companies and investors on this platform. Since its founding in 2015, approximately 1.4 billion US dollars of investment were collected via the venture network.
The smart saving app by savedroid is implemented with the support of the Wirecard Bank. Wirecard manages the technical and banking law requirements for the savedroid savings account, into which the users of the app, with the help of the so-called “smooves”, transfer money. Wirecard, based near Munich, is a publicly-traded international technology and financial services company with approximately 4,000 employees, over one billion euros turnover and a market capitalization of more than 10 billion euros. Wirecard is one of the top five stocks on the German technology stock index TecDAX.
Another savedroid partner in the top five of the TecDAX is the telecommunications company Drillisch, located near Frankfurt. Drillisch is one of the largest high-flyers on the German stock market and its share price has increased by a factor of 80 since 2009.
The company is one of the most aggressively priced discount cell phone providers in Germany and is active with the brand yourfone. For savedroid, Drillisch comes into play when recommending more affordable cell phone services to users of the app.
Our second partner for the optimization of cell phone contracts is Freenet, a company with nearly 5,000 employees and more than three billion euros turnover.
When it comes to the optimization of electricity contracts, savedroid cooperates with Check24. Check24 is Germany’s largest Internet comparison portal with a turnover of more than EUR 500 million.
Savedroid will release an all new feature in the next weeks that allows to convert savings in Amazon gift cards to get discounts on Amazon and thus realize wishes even earlier.
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.
The intrinsic value of SVDs derives from its functionality within the fast growing savedroid ecosystem of AI based crypto saving and investing. Therefore, the savedroid token offers a highly attractive opportunity and may increase in value based on the financial model as outlined in more detail in chapter 6 below.
Savedroid, for the first time ever, provides average mass market users with easy access to cryptocurrencies without technological adoption barriers. Within savedroid’s unique AI fueled ecosystem, users will profit from convenient 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. savedroid will create a smart UX which conveniently auto-converts savings to cryptocurrencies, securely stores them, and makes them easily accessible, tradeable, and spendable. We will offer all of these crypto services for a reasonable fee (we might adjust the fees over time to address latest market developments). Our users will be required to purchase all consumed crypto services within the savedroid ecosystem using SVD. Hence, more users of the savedroid ecosystem will translate into a higher demand for savedroid tokens.
When a user takes his savedroid tokens to pay for a crypto service, we collect his savedroid tokens and automatically burn a percentage of these tokens. Thus, the number of available savedroid tokens will decrease over time. Below the line, this will support the future value of the savedroid token.
In other words, a percentage of the savedroid crypto service fees will automatically be removed from the pool of available SVDs by every single purchase. Thus, the more the savedroid ecosystem is used, the further the supply of SVD will decrease.
So, eventually, our user growth will drive an increasing demand for savedroid tokens on the one hand and, at the same time, a decreasing supply of savedroid tokens on the other hand. Hence, the value of the savedroid token depends, among other factors, on our future user growth.
A token holder that decides to hodl SVDs, though it may be subjected to exchange market fluctuations, might enjoy a protective layer that links the value of SVD to savedroid’s sustainable crypto ecosystem. This so called intrinsic deflationary mechanism makes SVD a valuable utility token. It should be stated however, that the value of the SVD will be driven by market supply and demand and will not be derived directly from savedroid’s activities. Please note that holding SVD does not trigger the right of redemption cash or cash equivalents or the payment of a fixed or determinable income by savedroid. Token holders must not reasonably expect to generate profits through the sale of SVD to other persons. The savedroid token will grant legal rights of access to crypto services only within the savedroid ecosystem. Any other forms of financial incentives token holders may or may not receive by holding a SVD are outside of savedroid’s control and will only be derived through their own efforts.
As the savedroid token is not paying any interest or dividends it also qualifies as a Sharia-compliant Islamic investment opportunity.The flow of SVDs is illustrated below.
An ITS participant can buy savedroid token during our ITS. He can then either use his SVD to become one of the first savedroid crypto saving and investing users and pay for the crypto service fees or hold on to his savedroid tokens and maybe privately sell them at a token exchange.
A savedroid user, who has not participated in our ITS will have two options after our ITS: Either he directly buys SVD at a token exchange or, conveniently, directly within the savedroid mobile apps. The savedroid token can be stored in a wallet and used to pay for the consumed crypto services within the savedroid ecosystem. So, in the end, the price of the savedroid token will always be determined by the actual market supply and demand at the token exchanges. We will adjust our service fees denominated in SVD within the savedroid ecosystem according to the free market price of the savedroid token. This will ensure that our service fee will stay attractive for all savedroid users over time, so, for example, a higher SVD price will eventually result in a lower service fee as quoted in savedroid token.
SVD will be used by the savedroid ecosystem users to purchase the savedroid’s AI fueled crypto saving and investing services as outlined below. Leveraging technical support processes, savedroid will enable all users, especially those who have not originally participated in the ITS, to conveniently buy SVD on the market through the savedroid ecosystem. Therefore, users will grant savedroid powers of attorney as part of the crypto service purchase to buy SVD at market price from third party exchanges or from the MRP and savedroid will forward these directly into the crypto service payment channels, i.e. they are used automatically to pay for the crypto services.
Since the exchange rate of SVD as measured in fiat and cryptocurrencies may fluctuate over time and thus the value of the savedroid tokens varies, it would be unattractive for new users to keep the price for the crypto services as denominated in SVD flat, because then new savedroid users might have to pay a much higher price for their consumed crypto services than early adopters who have joined the savedroid ecosystem right from the beginning. Therefore, savedroid will adjust the price of crypto services as denominated in SVD to keep the purchasing power of the savedroid token within the savedroid ecosystem approximately constant over time. This means, that, for example, if you will have to pay 100 SVD for a respective crypto service within the savedroid ecosystem after the ITS closing, you might have to pay only 50 SVD a few months later if the value of the savedroid token had doubled. The offered crypto services include:
Convenient crypto saving
All offered crypto saving services, including savedroid’s self-learning AI saving algorithm, auto-conversion from fiat to crypto and vice versa, and secure wallet storage, can be purchased with SVD. The crypto saving will be available for a monthly base fee plus a percentage transaction fee for every conversion of fiat to cryptocurrencies and from cryptocurrencies to fiat.
Smart Saving and Spending in and across Cryptocurrencies
These features include AI based switching of savings between cryptocurrencies and conveniently spending crypto savings to fulfill wishes at the preferred merchants. savedroid will charge a percentage transaction fee for smart crypto trading. The savedroid cryptocurrency credit card will be available for a monthly fixed fee.
Smart investments in cryptocurrency portfolios, derivatives, and ICOs
All AI based crypto investing services, such as smart investments in risk-return optimized cryptocurrency portfolios, derivatives, and ICOs, will also be charged in SVD.For these crypto investing services, a monthly base fee and a transaction based percentage fee payable in SVD apply.
Exclusive Beta-Program and App-Features for ITS Participants
Moreover, ITS participants will receive exclusive access to further privileges and premium features within the savedroid ecosystem free of charge: All savedroid token holders who have bought their SVD during our ITS may participate in savedroid’s beta program and benefit from new features first. Beta program participants will also have much stronger influence on the future development of the savedroid ecosystem by providing early feedback and having exclusive feedback channels directly to our development team.
In addition, savedroid will also release premium app features exclusively to SVD owners, such as “ITS community only smooves” (automatic saving rules), limited crypto investment opportunities, fee discounts, and many more.
The flow of fiat and cryptocurrencies as well as savedroid’s fees are illustrated in the figure below:
As stated above, these crypto services and fee models are subject to change at the sole discretion of savedroid.
At the beginning, the tokens will not have any features. The use as a means of payment for crypto services on the savedroid ecosystem will only be possible after the launch of such features according to the roadmap below. The dates of the roadmap depend on external factors such a partner set-up or regulation and can thus not be guaranteed.
The savedroid token can be bought with the cryptocurrencies of Bitcoin and Ethereum as well as with fiat via bank credit transfer, SOFORT Überweisung, and credit card. The exact procedure of how to buy SVDs is available on our Website and in our social media channels. savedroid may adjust the procedure and payment channels during the sale if required, so please always check the latest updates on our Website.
In the charts below, we simulated a possible outcome to illustrate the functioning of the model.
Website : https://ico.savedroid.com/?ref=9cacfce4-cb36-46c4-956a-ef0c03e84709
Whitepaper : https://ico.savedroid.com/savedroid-ico-whitepaper.pdf
Author : muamalah01
BTT URL : https://bitcointalk.org/index.php?action=profile;u=1117157
