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

Quote from: tempus on July 15, 2018, 09:25:02 AM

Quote from: magisterr on July 15, 2018, 07:51:12 AM

Cointelegraph mentioned Savedroid like a big scam. Now developers must be afraid. No development here, no exchanges, nothing. I think they will be arrested soon.

Quote

According to the study, total funding of coins and tokens in 2017 amounted to $11.9 billion. $1.34 billion (11 percent) of ICO funding went to scams, the vast majority went to three large scammy projects; Pincoin ($660 million), Arisebank ($600 million), and Savedroid ($50 million), which together equal $1.31 billion. This suggests that while a large number of ICOs were scams, they received very little funding when compared with the industry as a whole.

https://cointelegraph.com/news/new-study-says-80-percent-of-icos-conducted-in-2017-were-scams

It's a quote from a study:

Although ~1/10th of all ICO fundraising went to Identified Scams, the vast majority of the $1.3B was from just
three projects, which were all relatively old school frauds by no means unique to ICOs (Pincoin ($660M),
Arisebank ($600M), and Savedroid (~$50M). These projects each did raise those amounts we believe but are
subject to extensive regulatory action. In particular, Arisebank was brought to a halt on January 25, 2018 by an the
SEC obtaining an emergency temporary restraining order, asset freeze, and other expedited relief to halt the ICO3 and is subject to extensive ongoing proceedings with the SEC. Savedroid, a Frankfurt, Germany based ICO, as of April was said to be subject to a preliminary investigation by the public prosecutor in Frankfurt4.
https://research.bloomberg.com/pub/res/d28giW28tf6G7T_Wr77aU0gDgFQ

In April it made headlines that German prosecutors would look into it. That is what the study refers to - it's another aftereffect on their PR-Stunt.

Agreed with you that is just aftereffect of that bad PR-Stunt and the other big reason why it make it more like a scam still dev has no direction and it seems they lost their interest in this project. No big exchanges are on the list and no marketing campaign is bring back this on the track.