Quote from: exuberant112 on January 28, 2018, 12:54:25 PM

Quote from: tobson2 on January 28, 2018, 12:25:39 PM

Quote from: ibininja on January 28, 2018, 11:43:16 AM

Quote from: BaliScript on January 28, 2018, 10:22:25 AM

Quote from: exuberant112 on January 28, 2018, 04:48:59 AM

Hello all!

Seems like we have another suedo-AI based crypto savings product to consider! Looking at the website I think it's fair to say that a great deal of thought and effort has gone into this one. To view the official website go here ( https://ico.savedroid.com/ ), annd to see their initial YouTube on the product please go here ( https://www.youtube.com/watch?v=YRDK5aqiP1U ).

I shall give you a little break down of the white paper, though I advise any investors to do what I just did and read it in full yourself! Here it is :

THE SAVEDROID WHITE PAPER BREAKDOWN (Read 28/1 version 1)
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1) THE VISION : Is to offer an AI based crypto saving platform that is easy to use for anybody, is simple and can offer better security than others as it is based on German financial legal protections.

2 ) CONTROLS : The user control has settings where you type in how much you would like to save, and it will adjudge based on what you type, and suggest how and where you save that money for max profits.

3 ) DEMOGRAPHIC : This product is largely aimed at 25-35yr old professionals who want to save upwards of $50-100 per month, and look for a better return than the 2-3% savings accounts offer.

4 ) AUTOMATION : This product can be set up to automatically debit your account (currency) and convert this into coins in your saving account, as well as report on your spending habits via email.

5 ) MANAGEMENT : The board is mainly made up of people with actual financial and technology backgrounds, and is linked with several German financial blue chips.

6 ) ANTI DISCRIMINATION : The coins and products on offer, are and I quote "Sharia law compliant" and so are more than likely to be heavily backed in Islamic countries as well as Western.

7 ) YOU WHAT NOW? : The way they avoid falling foul of Sharia is by not paying dividends or interest, so the gains are purely on the speculation of rates and buying low / selling high.

8 ) OPENING EXCHANGE RATE : From the opening day the coin value is fixed at 100 SVD = 1 EURO / 0.85 USD (at todays exchange rate on Google, EURO to USD)

There you have it, the entire white paper boiled down to the 8 most important points Cheesy

Please drop your merits in the hat. Happy investing!

Great job for researching this. About point 3 demographic: I am in this age group and I have been waiting for a savings platform since 2008. The % that banks offer is just ridiculous

I haven't dug deep in the whitepaper yet; Will get that sorted today. But what is the goal behind that age group in point 3? is it because that group usually is entering the work force and look to save up? just curious as to why those number are explicitly mentioned?

These are explicitly questions to show that our product is already used in the mass market and no longer in the early-adopters-phase. Early adopters are usually male, besides that especially FinTech-early-adopters are also a bit older than that range we mentioned. So the case IS already working on mass market and not just a light promise.

Welcome to the forum discussion Tobson2! Great to see somebody involved in the project directly fanning the questions. I was just preparing a bunch of emails to send out to you and your compatriots on the team! Guess I needn't bother since you are here anyway

So what would you say puts this project above the other AI driven crypto savings products, and what assurances can you offer that the coin/tokens will retain their value after the ICO ends. I ask because PCL users were stung hard on the final day, so obviously we want to see a project with the same excellent promise but with a better level of assurance for our hard earned savings capital! Thanks in advance

Thanks for the feedback, unfortunately nothing is for sure when it's about crypto-values. But I can promise that we give our best to support the value of SVD.

But to your questions, we already have an AI in place, so I think that's already an advantage. But building an AI is an iterative process, it's nothing that has to be done once and then everything is set. To increase the skill of our AI we've built up a strong team, not only from data scientist, but e.g. also with our advisor Prof. Dr. Danko Nikolic.