Are you curious about
savedroid? Lets read the following explanation.
The goal of savedroid is
to help people with putting money aside in a dedicated savings account, using
personalized AI based savings rules. These rules — also known as “smooves”, a
contraction of “smart saving move” — allow users to turn their everyday
habits, such as exercising, checking their smartphone, using social media
apps or shopping, into pure savings. savedroid has solved the challenge for
common people to save money - it provides smart and fully-automated
micro-savings and even spend optimization – using a self-learning algorithm
with a convenient UX understandable for everybody.
The savedroid Token – SVD
Whats is the savedroid token or in the short name “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
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.
1.
Value and Strategy
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. 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.
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.
2.
Token Supply and
Specification
Ethereum was the natural choice for this project due to its broad
adoption and industry-standard for issuing custom digital assets. The compatibility
with the ERC20 standard leverages upon the existing infrastructure advantages
of the Ethereum ecosystem, namely in terms of development tools, wallets,
exchanges, and human resource expertise.
savedroid will build a sustainable ecosystem for the crypto community that
grows fast with the community and their network effects. Hence, a contribution
to SVD is a contribution to the future of the savedroid ecosystem. Our
deflationary mechanism creates intrinsic value and a relationship between our
ecosystem growth and SVD value. The purpose is to mitigate the effects of
earlier ICOs, in which the tokens had a large
demand in the first months but which then flattened over time.
Whenever SVD is used for savedroid ecosystem purchases and a
percentage of it is
burned, the remainder will be allocated to the discretionary Monetary Reserve
Pool
(“MRP”) – held and managed by savedroid. All SVD held by savedroid are
allocated to
the MRP. savedroid can sell SVD of the MRP on token exchanges or directly to
app users
within the savedroid ecosystem. You can use The MRP to ensure sufficient
SVD liquidity and prevent an overheated market by selling SVD.
3.
Benefits of SVD Usage for
Users and within the Ecosystem
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. 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.
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:
The offered crypto services include:
- Convenient crypto saving and percentage transaction fee for every conversion of fiat to cryptocurrencies and from cryptocurrencies to fiat.
- Smart Saving and Spending in and across Cryptocurrencies, include AI based switching of savings between cryptocurrencies and spending crypto savings to fulfill wishes at the preferred merchants.
- Smart investments in cryptocurrency portfolios, derivatives, and ICOs
- Exclusive Beta-Program and App-Features for ITS Participants. 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.
SVD Price Variations
The price
of SVD will vary over time, based on different factors, of which the most
prominent ones is:
·
change in demand for
savedroid’s crypto services,
·
change in competitive
landscape,
·
speculative SVD demand,
·
supply by token holders
willing to sell SVD,
·
EUR/ETH exchange rate, and
·
the cost of gas within the
Ethereum network.
The
Initial Token Sale
1. Token Issuance
savedroid
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. 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, we would like to give the crypto community the amazing to participate in
savedroid’s success story. Besides, an ITS is quick, transparent, and efficient
will 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.
2.
SVD
Distribution and Allocation Scheme
·
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.
·
Proceeds Allocation
The funds
raised will be used as
Legal and
Admin 5%
Banking
and Crypto 15%
Technology
30%
Marketing
50%
How to Buy SVDs
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 (ico.savedroid.com) and in our social media channels.
OFFICIAL LINK
Author cenatown
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