Re: [ANN][ICO] savedroid ICO - CRYPTOCURRENCIES FOR EVERYONE

Wait let me get this striaght. Savedroid is not a trading app but a saving but. All I have to do is connect my credit card to the app and the AI will tell me which coin to buy for profit making. Correct me if am wrong, but this looks more of trading than saving. Where exactly does the saving action come in?? I mean how does it help save money by making us spend money? Not to mention the likely 2 fee for using the app. Please some should explain this to me please. Thanks

Thanks for sharing the article. Didn't know that it charge the monthly fee :O They said if you shopping with in the app in the store that they have a deal you will get a discount. and the AI will study what do u like to buy and find the best deal direct to you when it see the good one. so kinda save that money? or something els i missing???

We see multiple types of saving which we have all already implemented in the current app:
- saving in the sense of moving money from your checkings account (via ifttt-rules or our AI)
- saving in the sense of saving money on existing contracts. Therefore our AI analyzes your contracts and behavior (e.g. data consumption) and suggests better contracts for you
- saving in the sense of saving money when fulfilling your wishes. Therefore we scan our partner network for good deals for you (e.g. the 3% offer on Amazon)

Will users have to pay fees for the automatic savings done by the AI (i.e moving money from the checking account)? If so users, especially those who deal with small amounts of money, might lose more money on fees than the amount they save.

The current app is totally free for our users. This might change when converting to crypto, but this will be percentual fees. So it doesn't matter if you save cents or millions.

Thanks for the quick answer. So if you don't take fess on the transactions, what will be your primary source of income? Or will you just leave the savings fee free and take cuts from investments or transactions?

We'll defintitely iterate also on the cost structure, to make it accepted by the users. My current assumption (to be proven) is that we'll stick with the affiliate commission for fiat savings and when converting to crypto make a cut on these.

Fair enough. I'm sure you will find the economic model that works both for you and for the users. I think once large amount of users make the switch into crypto, they will soon be interested in investments aswell, and this is another great source of potential income.

I don't really see savedroid as an investment but an opportunity to develop a habit of savings and to give the community the benefits involved in savings, is like a disciplinary app that disciplines us in a better way, i don't need to argue about it once it understands me, it simply takes care of my finance

Great to see savedriod team is answering here also on time.
Regarding fee structure, I think that will be changed modified based on the users requirements / expectations.