Savedroid: Start-up financing via ICO — Implementing these plans will be anything but trivial for the rather young fintech. For the construction of the platform and the algorithms it needs highly specialized developers, crypto professionals and certainly also expensive legal advice. Moreover, since the high investments are only worthwhile if the costs can be distributed to the broadest possible user base, a massive marketing offensive is needed.
All this costs enormous sums of money, which the company does not have, despite some successful rounds of financing. And current operating business is unlikely to provide a positive cash flow from which to invest. What is closer to a crypto-currency fintech than to finance the plans through its own ICO? And that is actually happening in the first quarter of 2018 as well.
A total of 10 billion units are to be generated by the SVD called tokens. A total of 6 billion units will go on sale and will be issued at the rate of one euro per 100 SVD tokens. However, from the pre-sale phase already completed (500 million units), buyers will receive a 30% early-stage bonus. If the ICO sold out fully, Savedroid would flow so good 58.8 million euros. Unclaimed tokens from the sale are “burned”, reducing the total amount.
Outlook
The pre-sale of the Savedroid ICO has gone really well. All offered SVD tokens were sold within 7 hours. The question will be whether the Main Sale from 09.02. until 09.03. is similarly successful, but in the current environment seems quite realistic. However, it will be much more exciting if Savedroid lives up to the great responsibility that results from such a large funding. After all, tens of thousands of token buyers then trust that the team from these millions of investments will build something great.
After all, in the past, Savedroid has at least shown that they can build innovative tools — the little Spardruid has been running successfully for over a year, and I’m very curious about the ability to easily save in cryptocurrencies. It would be important and extremely helpful, however, if Savedroid would take care of the annoying tax issues for me. Because this is one of the largest construction sites for investors so far. In the long run, the tax office will not look the other way if some of them make big profits and do not properly tax them. An app that helps here would have a huge potential. Let’s wait and see what else is coming.
Capital Needs
As already mentioned, massive investments have to be made in marketing for the necessary customer growth. And so lukewarm whitepapers are also 50% of the sales proceeds — ie up to 29.4 million euros — flow there. 30% goes into technical development and further shares in banking and rights consulting. The advisors not only receive cash, but also a portion of the SVD tokens that are not put on sale.
But the community also benefits from rewards as part of a bounty program. For example, helpers who translate the white paper into other languages receive free tokens as a reward, as do prolific social media supporters reporting on the ICO. Last but not least, there are also rewards for mediated investors in the context of a “customer advertising customer” program (advertising link *), which is now part of the standard repertoire for many companies. After all, 5% of all tokens are reserved for this bounty program.
SVD Tokens As In-App Currency & With Profit Potential
The SVD tokens are so-called utility tokens that are used as currency in the Savedroid app. So if you want to trade cryptocurrencies via Savedroid, you will probably have to pay or at least be able to pay your trading fees in SVD tokens. However, that’s just a dream of the future, because Savedroid currently does not offer any services that are payable. The white paper remains vaguely vague at this point, but it’s fair to point out this issue as well.
Ultimately, it is the case that the buyer of the token, in principle, pre-empt his future transaction costs. Of course, that does not sound really sexy, so Savedroid has an incentive. Whenever the SVD tokens are used to pay fees, some of the tokens are “burned”. As a result, the total amount of tokens decreases over time. Of course, this increases the chances that the SVD tokens will increase in value over the long term — an argument for investing in the current crypto-hype.
Official Reference
Well that’s a quick explanation of the savedroid who started initial financing through ICO. Hopefully this article can be helpful and useful for you. the following are the official reference links you can visit:
Whitepaper: https://ico.savedroid.com/whitepaper
Website: https://ico.savedroid.com/
Ann Thread: https://bitcointalk.org/index.php?topic=2578161
Twitter: https://twitter.com/savedroidAG
Telegram: https://t.me/savedroid
Facebook: https://facebook.com/savedroid/
Author: Dangdingdongbray
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Dangdingdongbray 