In an attempt to help people navigate the intimidating world of cryptocurrencies with ease, SaveDroid is creating a unique AI-fueled ecosystem of crypto-saving and investing for the masses.
Aside from being approved by the Technischer Überwachungsverein (TÜV), SaveDroid is the first German ICO that abides by German legislation and regulation to provide participants with the highest level of security. Ever since its launch in October 2016, the SaveDroid app has accrued over 200,000 downloads on the Apple App Store as well as the Google Play Store. The reviews for the app has been stellar as well – averaging at a 4.3 out of 5 and a 4.2 out of 5 on the Apple App Store and the Google Play Store respectively.
Before we dive into the SaveDroid ICO, here’s a quick analysis of the four main pillars that make up a successful ICO: product, team, purpose, and community.
Product
With a sleek and minimalistic User Interface (UI), SaveDroid is a well-established app for its relatively young age. From an ICO investor’s perspective, it is much safer to invest in an ICO that already has a working product, and SaveDroid delivers just that.
In the SaveDroid app, users can perform the following:
- Save money from daily purchases
- Convert earnings into different cryptocurrencies
- Spend cryptocurrency
- Provide feedback and teach the app on how to improve (machine learning
- Use the app easily with the simplistic, game-like features
- Perform instant transfers with low fees;
Team
- Founder & CEO at SaveDroid
- Co-Founder of Vaamo
- Engagement Manager at McKinsey and Company
- Co-Founder & COO at SaveDroid
- Engagement Manager at McKinsey and Company
Manager at Accenture
- Founder & CTO of SaveDroid
- CTO of Sitewards GmbH
- Web Development Consultant at TuneUp Corporation
Purpose
The ultimate purpose of SaveDroid tokens (SVD) can be analyzed from two different angles:
- Utility: These SVD tokens can be used for in-app purchases for users to enjoy exclusive advanced features.
- Value: Since the tokens that are used for purchases will be burned, we can expect the value of the token to increase over time.
Community
SaveDroid has a strong community, especially in Germany. Just take a look at its incredibly successful pre-sale: in only seven hours, all 500 million tokens in the SaveDroid ICO were sold out.
The SaveDroid ICO
The highly anticipated SaveDroid ICO was launched on the 9th of February at 2PM UTC, where another 5.5 billion tokens were offered at the following terms: 100 tokens = 1 euro. According to the official SaveDroid website, over 2.7 billion tokens have been sold, which is close to half of the allocated tokens for sale. And it’s only been four days since the commencement of the main sale.
The ICO main sale will continue until the 9rd of March, or until the hard cap of 6 billion tokens is fulfilled – whichever comes first. The max supply of this ERC20 token is 10 billion tokens, and it will be listed on several major exchanges upon ICO completion, such as HitBTC etc. Currently, the accepted currencies for the SaveDroid ICO are EUR, BTC, and ETH.
Check out the SaveDroid ICO here.
Disclaimer: Sponsored content. The author has not invested in SaveDroid.
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