Savedroid : Creates a Unique AI-Fueled Ecosystem

- Maret 08, 2018

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.

Overview of savedroid

The savedroid Token — 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 – 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.

Benefits of SVD Usage for Users and within the Ecosystem

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
Smart Saving and Spending in and across Cryptocurrencies
Smart investments in cryptocurrency portfolios, derivatives, and ICOs
Exclusive Beta-Program and App-Features for ITS Participants

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

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. savedroid may adjust the procedure and payment channels during the sale if required, so please always check the latest updates on our Website.

Team

savedroid's team combines long-time industry experience in AI, UX, Tech, Finance, and Marketing with the right start-up mindset and user centricity. With this skill set, savedroid can deliver financial innovations faster and in a particularly user-friendly way which is unmatched so far.

Management Board

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.

All reserved tokens (except bounty tokens) will be locked and vest 1/20 per quarter, i.e., linear vesting over a total period of 5 years. This means that, each quarter, the owners of reserved tokens can only sell up to an additional 1/20 of their effectively allocated SVD.

All lock-ups will be controlled by a dedicated smart contract (“Vesting Contract”) that will be publicly available.