Savedroid - Cryptocurrencies For Everyone

Crypto world is like a deep jungle for many who have not grown up with Bitcoin, wallets, tokens, etc. The incredible hype around Bitcoin has raised many people’s attention. But, still, the adoption barriers for mass market users are extremely high. Just think about the cumbersome selection of a crypto exchange, the registration, selecting and maintaining a wallet, and storing and handling private keys.

Honestly, the user experience along the entire user journey completely sucks – and, even worse, it keeps many from getting into cryptocurrency investments. No doubt, there are great crypto companies with cool products out on the market. But we at savedroid firmly believe that dealing with cryptocurrencies has to become much easier in order to reach the next growth step and make cryptos available to the masses.

That’s why we are upgrading our mobile app to make cryptocurrency saving and investing just as simple as taking a photo. Our mission is to eliminate existing adoption barriers and make cryptocurrencies accessible for everyone. savedroid will offer smart and convenient crypto saving and investing. Absolutely no need for separate crypto exchanges, personal wallets, and private key handling. We aim to reduce the complexity of crypto savings and investments to a level that the mass market already knows and accepts when dealing with personal finances. This is simplification to the max. We call it the democratization of cryptocurrencies.

Savedroid is the right player to make it happen. Savedroid is a platform for everyone to be able to enjoy crypto, many people consider that saving is something that sucks. Savedroid provides a solution for all the people can enjoy the conveniences and advantages of crypto. Savedroid will be a platform that makes it easy for many people and may be accessed in various gatget so make diamanapun you are, access Sveroid it is very possible to do.

Savedroid was Founded in Q4 2015 in Frankfurt/Germany, savedroid has built a proven track record of its capabilities to simplify traditional financial savings processes and drive mass market adoption. savedroid has successfully launched Europe’s first AI-based savings app, which has generated more than 200K+ downloads and more than 10M saving transactions since its launch in October 2016. savedroid creates significant economic value for mass market users through offering automated savings, i.e., a self-learning AI algorithm analyzing users’ checking accounts to identify the savings potential and situational relevant spend optimization, e.g., a self-learning AI algorithm identifying contract optimization potential for utilities, mobile, banking, insurances etc.

Savedroid's AI enables users to automatically save up for their wishes without thinking about saving. Since the launch of our mobile apps in 2016, we have built a strong track record in state of the art user experience based on simplification and gamification. savedroid is organized as a stock corporation and has raised €3.5m+ in equity from renowned investors. We are part of Deutsche Börse's FinTech Hub and Venture Network and collaborate with various prestigious B2B partners. In fact, savedroid is the first ICO of a German stock corporation that follows German legislation and regulation to provide participants with the highest level of security.

Savedroid Vision

It is savedroid’s goal 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”, which allow users to turn their everyday habits, such as exercising, checking their smartphone, using social media apps or shopping, into pure savings.

Savedroid Mission

Savedroid’s mission is to eliminate existing adoption barriers and make cryptocurrencies accessible to common mass. Savedroid will offer smart and convenient crypto saving and investing. Absolutely, no need for separate crypto exchanges, personal wallets, and private key handling. Also, to reduce the complexity of crypto savings and investments to a level that the mass market already knows and accepts when dealing with personal finances.

Savedroid is an award-winning German FinTech specialized in AI (artificial intelligence) Technology and now that company comes with a breakthrough project of cryptocurrencies. 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.

It is savedroid’s goal 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. Thereby, we successfully democratized everyday savings.

Savedroid was selected to be a member of the Deutsche Börse Fintech Hub and Deutsche Börse Venture Network – a program run by one of the world’s leading stock exchanges to prepare selected growth companies for an IPO.

The Concept of the Project

What makes this project is different with the other is that Savedroid uses the AI technology that makes the cryptocurrencies activities are easier and accessible for everyone. The AI Technology that is used (it is called “smooves”), it will turn the activities that are done by the users every day into the automated savings. For the example users will get €5.00 if they go for a run, they will get €0.50 if they buy at Amazon and many more.

Savedroid makes it is much easier than before. In addition, users don’t need to separate between the personal wallets, exchanges and private key handling. Besides all those features, there are some other features that the users can get, such as :

• “Cryptocurrencies for everyone” mission in which this project is not for the small group of people who are experts on the financial aspect, but it can be done by everyone.
• Much profitable
• Users will get a lot of profit from the easy access to various savings packages such as Bitcoin, Ethereum, Ripple, Litecoin, Dash, IOTA and etc.
• A much better crypto chance like portfolio, future, and ICO without any obstacles to the technology implementation and many more.
• SVD Token that is available to do all the crypto activities and many more interesting features as well.

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 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.

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 savedroidtoken. 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.

The flow of fiat and cryptocurrencies as well as savedroid’s fees are illustrated in the figure below:

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.

Roadmap

SVD Price Variations

It is important to understand that the price of SVD will vary over time, based on different factors, of which the most prominent ones are listed below:

• 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
• the cost of gas within the Ethereum network

The savedroid Token-SVD

Savedroid utility token is supported by ERC20 with a built-in deflation mechanism to support the future value of the savedroid token. The savedroid token “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. SVD can also be privately sold to support token exchanges.

SVD Distribution and Allocation Scheme