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LegendaryActivity: 1862Merit: 1115 Re: [ANN][ICO] savedroid ICO - CRYPTOCURRENCIES FOR EVERYONE | MAIN SALE 9 FEB 2018 August 16, 2018, 09:40:23 PM Merited by BitcoinArsenal (1) #3724



Example: IDEX - by far the leading exchange for SVD by volume:





This is how the orderbook looks like:











The buyside is pretty thin but that's not even the point. The sell side clearly shows how many want out.





Market Depth:









Means: They don't even want high prices. They just don't see enough liquidity on the buyside, so they (have to) open orders on the sell-side. Exactly that has a huge downside, because it has an indirect effect on Traders. It's deterrent...





Who still may believe that only smaller guys want to sell: Here is a single > 35 Million SVD transaction to IDEX about 1 hour ago:



https://etherscan.io/tx/0x5808f37697e4e307bb0ad25709f6529d4d69832c5c1d9e17710c88cb14e6c78a



Not sure what the guy believes how he ever could sell that much. Theoretically it would be possible but at the moment I doubt he will sell. Considered he bought that at ICO-price (probably he got some discount or whatever) his SVD were worth > 350k EUR.



Right now, and if such a huge order would be bought: About 44k EUR



Again, I don't believe he will sell. Actually I don't even understand that move to send it to IDEX. Makes little sense because if he would want to sell he should be more subtle, send it to IDEX in portions and also sell it that way. The best and probably most unequivocally feedback the team gets is the market itself - not necessarily only the current price but maybe even more the whole orderbook-dynamic.Example: IDEX - by far the leading exchange for SVD by volume: https://coinmarketcap.com/currencies/savedroid/#markets This is how the orderbook looks like:The buyside is pretty thin but that's not even the point. The sell side clearly shows how many want out.Market Depth:Means: They don't even want high prices. They just don't see enough liquidity on the buyside, so they (have to) open orders on the sell-side. Exactly that has a huge downside, because it has an indirect effect on Traders. It's deterrent...Who still may believe that only smaller guys want to sell: Here is a single > 35 Million SVD transaction to IDEX about 1 hour ago:Not sure what the guy believes how he ever could sell that much. Theoretically it would be possible but at the moment I doubt he will sell. Considered he bought that at ICO-price (probably he got some discount or whatever) his SVD were worth > 350k EUR.Right now, and if such a huge order would be bought: About 44k EURAgain, I don't believe he will sell. Actually I don't even understand that move to send it to IDEX. Makes little sense because if he would want to sell he should be more subtle, send it to IDEX in portions and also sell it that way.

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LegendaryActivity: 1862Merit: 1115 Re: [ANN][ICO] savedroid ICO - CRYPTOCURRENCIES FOR EVERYONE | MAIN SALE 9 FEB 2018 August 17, 2018, 07:42:18 AM #3726 Quote from: Maslate on August 17, 2018, 06:14:56 AM Quote from: tempus on August 16, 2018, 09:40:23 PM



Example: IDEX - by far the leading exchange for SVD by volume:





This is how the orderbook looks like:





(.........)



The buyside is pretty thin but that's not even the point. The sell side clearly shows how many want out.





Market Depth:



(........)



Means: They don't even want high prices. They just don't see enough liquidity on the buyside, so they (have to) open orders on the sell-side. Exactly that has a huge downside, because it has an indirect effect on Traders. It's deterrent...





Who still may believe that only smaller guys want to sell: Here is a single > 35 Million SVD transaction to IDEX about 1 hour ago:



https://etherscan.io/tx/0x5808f37697e4e307bb0ad25709f6529d4d69832c5c1d9e17710c88cb14e6c78a



Not sure what the guy believes how he ever could sell that much. Theoretically it would be possible but at the moment I doubt he will sell. Considered he bought that at ICO-price (probably he got some discount or whatever) his SVD were worth > 350k EUR.



Right now, and if such a huge order would be bought: About 44k EUR



Again, I don't believe he will sell. Actually I don't even understand that move to send it to IDEX. Makes little sense because if he would want to sell he should be more subtle, send it to IDEX in portions and also sell it that way.

The best and probably most unequivocally feedback the team gets is the market itself - not necessarily only the current price but maybe even more the whole orderbook-dynamic.Example: IDEX - by far the leading exchange for SVD by volume: https://coinmarketcap.com/currencies/savedroid/#markets This is how the orderbook looks like:(.........)The buyside is pretty thin but that's not even the point. The sell side clearly shows how many want out.Market Depth:(........)Means: They don't even want high prices. They just don't see enough liquidity on the buyside, so they (have to) open orders on the sell-side. Exactly that has a huge downside, because it has an indirect effect on Traders. It's deterrent...Who still may believe that only smaller guys want to sell: Here is a single > 35 Million SVD transaction to IDEX about 1 hour ago:Not sure what the guy believes how he ever could sell that much. Theoretically it would be possible but at the moment I doubt he will sell. Considered he bought that at ICO-price (probably he got some discount or whatever) his SVD were worth > 350k EUR.Right now, and if such a huge order would be bought: About 44k EURAgain, I don't believe he will sell. Actually I don't even understand that move to send it to IDEX. Makes little sense because if he would want to sell he should be more subtle, send it to IDEX in portions and also sell it that way.

We all know that it has raised a decent amount during the ICO, but IDEX trading volume as of this writing is only $51,000 which means it's just a small action.

Thanks for sharing this information, but I am sorry to say that this data is not relevant if we want to know the market status of SVD.We all know that it has raised a decent amount during the ICO, but IDEX trading volume as of this writing is only $51,000 which means it's just a small action.

Yes. Volume is very low and so is liquidity. But as I pointed out above: "IDEX - by far the leading exchange for SVD by volume: https://coinmarketcap.com/currencies/savedroid/#markets"



That means: Low volume and low liquidity is just an additional information.



If you also take into account that there are high supply transactions to exchanges, even if not sold because of a lack of buyers, it can tell you a lot about the current situation. That's not irrelevant but the opposite.



Btw: What is probably surprising to many and me as well, HitBTC didn't help and does not outperform IDEX by Volume. Not even Bancor or Cobinhood. Yes. Volume is very low and so is liquidity. But as I pointed out above:That means: Low volume and low liquidity is just an additional information.If you also take into account that there are high supply transactions to exchanges, even if not sold because of a lack of buyers, it can tell you a lot about the current situation. That's not irrelevant but the opposite.Btw: What is probably surprising to many and me as well, HitBTC didn't help and does not outperform IDEX by Volume. Not even Bancor or Cobinhood.

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LegendaryActivity: 1862Merit: 1115 Re: [ANN][ICO] savedroid ICO - CRYPTOCURRENCIES FOR EVERYONE | MAIN SALE 9 FEB 2018 August 21, 2018, 07:32:52 AM

Last edit: August 21, 2018, 11:23:00 AM by tempus #3734





Ex-Savedroid-Mitarbeiter berichten: Es war wie bei Wolf of Wall Street

https://www.gruenderszene.de/allgemein/savedroid-mitarbeiter-ico





It's too long to translate it all, but I'll translate what I believe to be the most important parts:







Headline: Former Savedroid employees report: "It was like Wolf of Wall Street"





About dick-pics:



- the PR-Stunt in April wasn't the only weird idea of the CEO Yassin Hankir. He also thought about replacing the website with the picture of a dick (when doing the Exit-Scam-Prank)



- If a potential (token) Investor changed his mind and quit the pay process Yassin wanted to insert a message that the potential Investor only wouldn't want to buy because he has a small dick.



- The team convinced Hankir not to do such things





About work-atmosphere:



- "It was dirty and the atmosphere was depressing" a former employee says



- Although Savedroid has to deal with sensitive data employees had (have?) to work on their private Laptops



- In the "welcome-letter" new employees were prompted to give Savedroid a good rating on Kununu (rating portal for employers)



- The mood was good in 2017, there was "startup-spirit", but also on Kununu the ratings went shouth in 2018





Then the article gives links to bad ratings as an employer...





- Although employees worked overtime it was never enough and while there is an agreement in the contract that Savedroid would pay employees with Crypto for overhours, several report they were not paid



- Founders booked a trip to Thailand for the team in May to lift the mood - it was paid with ICO-money.



- The gap between founders and employees became greater over time and Yassin Hankir increasingly acted like a "dictator"





Advertising & ICO:



- The Facebook-ban of Crypto-Ad's hit Savedroid hard. Traffic went down 95%



- The daily number of token sold tokens also went down



- They've tried to circumvent the ban with writing Crypto with Ω instead of "o" - but it didn't really work out.



- Shortly before the ICO ended the Sales team got order to contact big Investors and to convince them to give more money. They had to promise premium and a good return. A prediction of an increase in value of 500% and more in a few months was also used to convince Investors.



- Also a fake-image of SVD trading on Binance was sent to Investors to convince them



- Savedroid wanted to hire a german rapper as testimonial but only hired Influencer on YouTube.



- A german Journalist (Roland Klaus), who is also member of the Advisory-Board of Savedroid, made advertising in articles on Wallstreet-online without identifiying it as that



- Savedroid got twice as much money during the ICO as expected but after the ICO also about half of the team left





About competence and expertise:



- Former employees have a lot of doubts that the Savedroid team has the expertise to build safe software



- There is a lack of knowledge about Blockchain-tech



- Until the end of the ICO nobody knew how to build a wallet



- During the ICO there was no work on the product, selling tokens was the only focus



- The website often does not reflect the current status but shows team-members that don't work for Savedroid anymore. Only after multiple requests Savedroid would delete pics of former employees





- The former Savedroid employees who talked to Gründerszene are relieved not to work for Savedroid anymore.



- They had to defend themselves against friends and others because of the PR-Stunt.



- One guy says: "I'm sorry for the team that tried to slow down Yassin". That he talks about it all now is not meant as revenge, he wants to do the right thing and to tell people what happens at Savedroid. He is glad that he left and says: Like in the movie Wolf of Wall Street









What I didn't translate: Gründerszene asked Yassin to directly comment on the allegations but he didn't want to. Instead he sent a Statement "why Savedroid is an attractive employer". In the article his quotes are kind of used to show the gap between reality and his irrelevant advertisement talk... I skipped those parts - because it really is irrelevant.

The german site Gründerszene (focused on Fintech and Startups) just published the most interesting (and in my opinion also most important) article about Savedroid I've ever read so far:It's too long to translate it all, but I'll translate what I believe to be the most important parts:Headline:- the PR-Stunt in April wasn't the only weird idea of the CEO Yassin Hankir. He also thought about replacing the website with the picture of a dick (when doing the Exit-Scam-Prank)- If a potential (token) Investor changed his mind and quit the pay process Yassin wanted to insert a message that the potential Investor only wouldn't want to buy because he has a small dick.- The team convinced Hankir not to do such things- "It was dirty and the atmosphere was depressing" a former employee says- Although Savedroid has to deal with sensitive data employees had (have?) to work on their private Laptops- In the "welcome-letter" new employees were prompted to give Savedroid a good rating on Kununu (rating portal for employers)- The mood was good in 2017, there was "startup-spirit", but also on Kununu the ratings went shouth in 2018Then the article gives links to bad ratings as an employer...- Although employees worked overtime it was never enough and while there is an agreement in the contract that Savedroid would pay employees with Crypto for overhours, several report they were not paid- Founders booked a trip to Thailand for the team in May to lift the mood - it was paid with ICO-money.- The gap between founders and employees became greater over time and Yassin Hankir increasingly acted like a "dictator"- The Facebook-ban of Crypto-Ad's hit Savedroid hard. Traffic went down 95%- The daily number of token sold tokens also went down- They've tried to circumvent the ban with writing Crypto with Ω instead of "o" - but it didn't really work out.- Shortly before the ICO ended the Sales team got order to contact big Investors and to convince them to give more money. They had to promise premium and a good return. A prediction of an increase in value of 500% and more in a few months was also used to convince Investors.- Also a fake-image of SVD trading on Binance was sent to Investors to convince them- Savedroid wanted to hire a german rapper as testimonial but only hired Influencer on YouTube.- A german Journalist (Roland Klaus), who is also member of the Advisory-Board of Savedroid, made advertising in articles on Wallstreet-online without identifiying it as that- Savedroid got twice as much money during the ICO as expected but after the ICO also about half of the team left- Former employees have a lot of doubts that the Savedroid team has the expertise to build safe software- There is a lack of knowledge about Blockchain-tech- Until the end of the ICO nobody knew how to build a wallet- During the ICO there was no work on the product, selling tokens was the only focus- The website often does not reflect the current status but shows team-members that don't work for Savedroid anymore. Only after multiple requests Savedroid would delete pics of former employees- The former Savedroid employees who talked to Gründerszene are relieved not to work for Savedroid anymore.- They had to defend themselves against friends and others because of the PR-Stunt.- One guy says: "I'm sorry for the team that tried to slow down Yassin". That he talks about it all now is not meant as revenge, he wants to do the right thing and to tell people what happens at Savedroid. He is glad that he left and says: Like in the movie Wolf of Wall StreetGründerszene asked Yassin to directly comment on the allegations but he didn't want to. Instead he sent a Statement "why Savedroid is an attractive employer". In the article his quotes are kind of used to show the gap between reality and his irrelevant advertisement talk... I skipped those parts - because it really is irrelevant.