SAVEDROID — Cryptocurrencies For Everyone!
Savedroid is a German company and they are having An ICO because they want to bring crypto currencies to everybody they want to solve the pain of the current technological barrier to mass adoption of crypto currencies and so they are going to try to make it easier for everybody to get involved. So, the competition is fairly robust in this sector there are few companies are all intending to do similar things and that’s basically make it easier for people that have no technological experience or know how to basically buy, trade, hold sell cryptocurrency and Ethos is the one they are trying to build a universal wallet. Allowing much the same facilities as Savedroid trying to do, buying easily with fiat currencies, holding and exchanging, trading. Their universal wallet should be coming out fairly shortly, they have been working on it for a while. There’s also Bread as well which recently came of ICO and sold out. They are simplifying and buying bitcoin basically on your mobile device, they will also have all the different features that these other competitors are trying to have as well, a reward system. Basically, a decentralized banking for cryptocurrency on your mobile device. You can save, bank, lend there’ll be in an investment portfolio you would expect. It will be interesting to see which of these companies makes stand and takes the lion share of this market, as it will be a big market.
When we look at the problems they want to solve, these problems related to mass adoption and therefore they’re very important and if any one company can solve them then they are going to make a very big impression in the crypto space. I’m pretty sure crypto is big enough for more than just one company but I think there are going to be a few industry leaders in this space and then everybody else is going to be following. So, our Savedroid going to be one of those? well we’ll have to see. The first problem is obviously technological adoption barriers and they are a hindering mass adoption. this is quite simply the biggest problem that a lot of people aren’t tech savvy, a lot people are lazy, a lot of people don’t want to understand how to buy crypto or get involved with crypto so they want everything done for them, they want to be able to press a button on the mobile phone and buy crypto and where they go. Unfortunately, at the moment that’s just not possible and then of course even if they do, even if people like us we are familiar with the crypto space, we understand how to use crypto. Most of us but it’s still a painful and difficult process, buying it is still annoying. You’re going to go on coinbase, transfer the money over. it is still painful and difficult and of course there are high fees associated with that. Number 3, there is lack of security with current platforms, with the private keys if somebody gets, hold your private key they can empty your wallet. Savedroid intending to do with private keys are moving to a different way of doing things different, way of storing the money and it will solve a problem hopefully with the security. Number 4, there’s no one stop shop for crypto and you have to use many exchanges, you might be using several different platforms to buy in FIAT or cash out in FIAT. You might be using several different wallet as we all familiar with a few, If you have been in crypto for a while you can know if you can have maybe up to a dozen wallet for all different currencies and that really isn’t ideal when you’re looking to build a portfolio and you want to have a control and a handle on everything that you’ve got. Number 5, investing does require a lot of effort, a lot of people follow calls that are made on Twitter just buy whatever the fashionable coin at the moment is whether its a high performance blockchain internet node talking, whatever the current flavor of the week. Let’s be honest, people just buy ithem and they get gains and then they might sell it, might hold but if you’re actually going to do investing it does actually require a lot of effort. Really need to they pay attention, you need to research project yourself if you’re going to do it properly and it is difficult to do again you might have to be on several exchanges to get the tokens that you want. Another problem is the high fees on traditional platforms. For example, I mentioned coinbase, I’ll mention again, they have exceptionally high fees for what they do and you’re just basically buying bitcoin or another crypto maybe ethereum with your FIAT currency that you’ve earned through your job or saved up or whatever and you get charged a fee that’s way beyond what they’re actually providing. Poor user interfaces are another problem and nothings intuitive, it can be quite confusing and difficult to use all of these current platforms. Another problem is that saving money is boring and difficult. It’s not exciting people want to spend money, money burns a hole in most people’s pockets. They want new gadgets especially if you’re young you want new things, you what new gadget, you want to enjoy your life and that means spending money. So, saving is not really a priority, it is boring, you don’t get anything out of it, there is no excitement and cryptocurrency I guess is a little bit different, it is quite exciting to even hold coins and sieve right are going to make an exciting process to get involved.
The aims of Savedroid are basically to ensure mass adoption of crypto currency. They want to introduce their app which is already working for FIAT currencies and portal to over to cryptocurrency. So, they are having an ICO to raise some funds to allow this to happen and basically they are going to make it easy to purchase cryptocurrency with FIAT, to store cryptocurrency in a wallet, to spend cryptocurrency on a marketplace. Also invest and save cryptocurrency so you can basically automatically invest in crypto with your FIAT or save with your FIAT using the app. So it quite an interesting concept and I believe they’re going to use this already proven and self-learning artificial intelligence algorithm that will do everything for you so if you use the app and you have a FIAT currency on the app you don’t have to worry about selecting or registering an exchange and then you know picking a cryptocurrency it will be done for you in the background which I guess is the exciting thing if it performs well as they claim it does with the FIAT currency already then it will allow you to save in certain currencies, certain cryptos that are quite lucrative. So, it takes the sting or the hassle about buying the cryptocurrencies, registering for all these exchanges, all problems are discussed in the article look to be solved by Savedroid app.
Website: https://ico.savedroid.com
Twitter: https://twitter.com/savedroidAG
Facebook: https://www.facebook.com/savedroid
Telegram: https://t.me/savedroid
Whitepaper: https://ico.savedroid.com/savedroid-ico-whitepaper.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2578161
Authored by: donniedarko
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=1720051