Savedroid, The Smart Saving Application

The development of the world of applications for android is now more advanced. In mission to eliminate existing adoption barriers and make cryptocurrencies accessible for everyone. Savedroid is present for that. Savedroid is the right player to make it happen. Founded in Q4 2015 in Frankfurt/Germany, savedroid has built a proven track record of its capabilities to simplify traditional financial savings processes and drive mass market adoption.

Ssavedroid will create a unique AI fueled ecosystem of crypto saving and investing for the masses. Savedroid will leverage its existing core assets of state-of-the-art AI technology and great UX based on maximum simplification and emotional gamification to deliver this exceptional value proposition.

Currently, the crypto world is like a deep jungle for many who have not grown up with Bitcoin, wallets, tokens, etc. The incredible hype around Bitcoin has raised many people’s attention. But, still, the adoption barriers for mass market users are extremely high. Just think about the cumbersome selection of a crypto exchange, the registration, selecting and maintaining a wallet, and storing and handling private keys.

Through expanding the savedroid ecosystem to cryptos, savedroid finally provides average mass market users – like our existing user base – with easy access to cryptocurrencies and enables them to participate in the huge crypto opportunity to fulfil their wishes even faster. More than 2 billion tokens — that means that the Frankfurt based Fintech had raised a double-digit million euro amount after a few hours of the Main Sale. The savedroid ICO is running until March 9th. In total, 6 billion tokens are available for sale, so more than one third of the hard cap is already sold.

Savedroid’s award-winning AI algorithm is based on self-learning “if-this-thenthat” rules, called smooves. For the start, users define personal saving goals called “wishes” (e.g., their next summer vacation, a new smartphone or the latest sneakers), things they want to purchase but can’t afford right now. Then users define personalized events that trigger saving transactions.

Over time, savedroid’s AI learns more about the individual user preferences and suggests personalized smooves to further optimize users’ saving and spending habits and enable them to fulfil their wishes even faster. In a nutshell, savedroid’s AI makes saving money easy, automated, and cool.

Savedroid history

Within only 2 years, savedroid has already left its mark in the German FinTech space. We have built an award-winning, cutting-edge AI savings ecosystem that is available for free on Android and iOS in Germany. Savedroid was founded as a stock corporation (Aktiengesellschaft) in 2015 as part of the Unibator program of the Goethe University Frankfurt/Germany – the financial center of the Euro zone. Just a few months after its foundation savedroid already closed a partnership deal with Wirecard Bank and delivered the first mobile app with a fully deposit secured savings account. Not much later, savedroid launched a credit card so that saved money can be spent easily to purchase the desired wishes. In 2017, savedroid closed a growth funding round that helped to boost its customer base to 200K downloads and more than 10M processed savings transactions.

Core Products

AI-based Saving

Based on our AI technology, so called “smooves” turn the user’s everyday activities into automated savings. Via our partner bank Wirecard, we offer every user a free savings account.

Optimization of Spend

Savedroid’s self-learning AI algorithm directly suggest tailor-made offers which are cheaper or provide better value for money. savedroid is not only a micro-savings simplifier but also a personal finance optimizer.

Crypto Services

Convenient crypto saving

After registering in the savedroid app, users can start saving in cryptocurrencies right away. They will automatically receive a virtual, fully secured wallet and all fiat funds that the user wants to covert to cryptocurrencies will be converted magically in the background to the selected cryptocurrency.

Smart saving and spending in and across cryptocurrencies

The goal is to build an ecosystem where users can swap cryptocurrencies within the savedroid community at the lowest cost and best UX available.

Smart investments in cryptocurrency portfolios, derivatives, and ICOs

Users can diversify their portfolio in multiple cryptocurrencies, crypto derivatives, and ICO coins and tokens and profit from the best risk-return profiles available on the market. This will complement savedroid’s exceptional crypto value proposition with state-of-the-art crypto investing and cater for the needs of even the most advanced crypto users.

Partner Ecosystem

Savedroid has built a very strong ecosystem of renowned partners3 , many of them leaders in their respective field of operations. The smart saving app by savedroid is implemented with the support of the Wirecard Bank.

Savedroid will release an all new feature in the next weeks that allows to convert savings in Amazon gift cards to get discounts on Amazon and thus realize wishes even earlier.

Media coverage

Savedroid has been featured in many trusted magazines, newspapers, blogs and even on radio and TV:

Awards

Savedroid and the savedroid solution to automatically save money and optimize personal spend based on self-learning AI technology have been recognized by various prestigious awards, amongst them:

The savedroid Token - SVD

The savedroid token – with the short name “SVD” – can be used to purchase the crypto services within the savedroid ecosystem. Users of our automated crypto saving and investing will use the savedroid token to pay the fees of these crypto services.

Value and Strategy

savedroid, for the first time ever, provides average mass market users with easy access to cryptocurrencies without technological adoption barriers. Within savedroid’s unique AI fueled ecosystem, users will profit from convenient AI-based crypto saving plans in Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, IOTA, Dash, Stellar, etc. and superior crypto investment opportunities, such as portfolios, derivatives, and ICOs. savedroid will create a smart UX which conveniently auto-converts savings to cryptocurrencies, securely stores them, and makes them easily accessible, tradeable, and spendable.

The flow of SVDs is illustrated below

An ITS participant can buy savedroid token during our ITS. He can then either use his SVD to become one of the first savedroid crypto saving and investing users and pay for the crypto service fees or hold on to his savedroid tokens and maybe privately sell them at a token exchange. A savedroid user, who has not participated in our ITS will have two options after our ITS: Either he directly buys SVD at a token exchange or, conveniently, directly within the savedroid mobile apps.

Token Supply and Specification

Whenever SVD is used for savedroid ecosystem purchases and a percentage of it is burned, the remainder will be allocated to the discretionary Monetary Reserve Pool (“MRP”) – held and managed by savedroid. All SVD held by savedroid are allocated to the MRP. savedroid can sell SVD of the MRP on token exchanges or directly to app users within the savedroid ecosystem.

Benefits of SVD Usage for Users and within the Ecosystem

Convenient crypto saving
Smart Saving and Spending in and across Cryptocurrencies
Smart investments in cryptocurrency portfolios, derivatives, and ICOs
Exclusive Beta-Program and App-Features for ITS Participants

SVD Price Variations

It is important to understand that the price of SVD will vary over time, based on different factors, of which the most prominent ones are listed below:

change in demand for savedroid’s crypto services,
change in competitive landscape,
speculative SVD demand,
supply by token holders willing to sell SVD,
EUR/ETH exchange rate, and
the cost of gas within the Ethereum network.

The Initial Token Sale

Token Issuance

By launching an Initial Token Sale (“ITS”, often also referred to as ICO – although a token sale is not the offering of coins), we would like to give the crypto community the amazing opportunity to participate in savedroid’s success story, instead of limiting access to a small number of traditional venture capital funds.

Savedroid ITS Dates

Starting from the 12th until the 26th of January 2018, we will offer 5% of all SVD (i.e. 5 million SVD) for purchase in a public Pre-Sale with a bonus of 30%. This means that each Pre-Sale participant will receive an extra 30% of the number of tokens he purchases on top for free, so if one buys 1,000 SVD he will receive a total of 1,300 SVD for the same purchase price. From the 9 th of February until the 9 th of March 2018, we will offer an additional 55% of all SVDs for purchase by the public during our Main Sale (i.e., 5.5 billion SVD). In total we expect to sell a lower double-digit million amount of SVD. The SVD distribution ends officially on the 9 th of March 2018.

SVD Distribution and Allocation Scheme

SVD Distribution

60% of the maximum number of SVD will be offered for sale during the Pre-Sale and the Main Sale. 10% will be reserved for community initiatives, business development, and expansion. 5% will be allocated for our bounty program for ITS participants. A further 10% will be retained for distribution among advisors, community managers, smart contract developers, and legal. The remaining 15% of SVDs will be distributed to savedroid’s early equity investors and the savedroid team as an incentive to ensure long-term alignment of interests and commitment to the savedroid ecosystem and, hence, the savedroid token and their future value.

Proceeds Allocation

The funds raised will be used as follows:

How to Buy SVDs

The exact procedure of how to buy SVDs is available on our Website (ico.savedroid.com) and in our social media channels. savedroid may adjust the procedure and payment channels during the sale if required, so please always check the latest updates on our Website.

Bounty Programs

Referral Program

Our Referral Program will grant every token buyer that invites a friend 5% free savedroid tokens of the amount the invited friend purchases.

Social Media Bounty Program

Our Social Media Bounty Program will reward you for spreading the word about the savedroid ITS across various channels such as Bitcointalk, Facebook, Twitter, or JOIN THE REVOLUTION – NOW! Page 45 of 64 savedroid AG ICO Whitepaper v1.4 26.01.2018 Youtube.

Bug Bounty Program

Although our smart contracts are already audited as described in chapter 4.6.2, we still set up a Bug Bounty Program to encourage the Blockchain developer community to review our smart contracts

Transparency and Trust

Funds Escrow

All payments in fiat will be processed and managed by Bank Frick, a renowned family-run private bank from Lichtenstein which is among the few banks specialized in providing services for ICOs in Europe. Bank Frick will also manage returns, e.g. if the Min Cap is not reached.

Security and Data Protection

The savedroid SVD wallet is secured by state-of-the-art security measures following highest industry standards.

Meet The Team

Management Board