Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] savedroid ICO - CRYPTOCURRENCIES FOR EVERYONE | MAIN SALE 9 FEB 2018
by
tempus
on 01/06/2018, 13:02:17 UTC
There is another option:

Refund investors! Every investor should have the possibility to apply for a refund...

I think until now only a small part of the funds has been already spent for project related things, so it should be possible to refund an investor by his application for almost 100% by return of his SVD Tokens.

This is the only honorable and legitimate way to handle this situation.

It would be the proof of a good will and would represent a true excuse by savedroid and its team. This way savedroid takes full responsibility for its actions and decisions and has at least the chance to regain trust.


Maybe someone can initiate a petition/survey about a possible refund and help spreading it among all investors ?

someone post here asking refund, and a lot of people asking refund at telegram group but dev reject it, so refund is impossible at the moment.

They will not do that unless there would be a way to legally force them and that doesn't seem to be the case. What I would like to know is if they maybe refunded individuals, big pre-sale-Investors who may have more leverage, more legal power and influence. There is no reason to assume that until now, but if and if something like that would come to light, the next shitshow would start immediately.

Credit-Card-Buyers may have a chance, because they don't have the token yet.

But I agree, they should've done it as a choice for all participants, because it would have had a lot of advantages for all sites, while the disadvantage of having less funds is not significant. It would still be about >$20 million if 50% would want a refund. It would have lowered the total supply what would give more price-potential once listed, it would stop the bad mood and complaining, because those who would have made that choice would have left.

But: They should have made that decision right after the PR-Stunt and communicate it smart - in such a scenario they could have turned the bad situation into showing integrity and fairness. If they do it now... it would probably just lead to more bad headlines because it would be considered as a very late admission. And after the delays and the messed up voting maybe/likely even more would make the choice to get the money back.

Btw, regarding the market situation: The situation of credit card buyers is another reason for pessimism. Their tokens will not be mined and given to them until 180 days after payment = 6 months. That means, in about 3 months their supply will reach the exchanges. While that is not a real increase of supply, practically it will be exactly that for the market. Since listing will probably not happen before July there will also not be much time for the price to find a high price until the first Guys are smart enough to anticipate that dynamic as risk and start to sell. And if the price should dump hard before - not much time to recover until CC-buyers send their SVD to exchanges as well.


This team is very consequent in making bad choices.