Savedroid is a German FinTech company specializing in artificial intelligence (AI) saving technologies. The platform aims to build a unique AI-powered crypto-savings and financing ecosystem for the general public. Savedroid's objective is to remove present adoption hurdles and make cryptocurrency affordable. Savedroid aims to be an innovative, simple, and secure way for users' crypto funds to be used to fulfill both little and large requests.

According to the whitepaper, Savedroid intends to offer an extraordinary value proposition by leveraging its existing core assets to its users. Its state-of-the-art AI technology and exceptional UX focus on maximal simplicity and emotional gamification. The AI in Savedroid enables saving in a simple, automatic, and fun way. Savedroid is the inaugural Initial Coin Offering (ICO) of a German stock firm that adheres to German law and regulation to ensure participants' optimum security.

Savedroid intends to create an environment where users exchange cryptocurrencies inside the Savedroid network at a minimum possible cost and provide a better user experience. The platform aims to reduce today's complicated and expensive processes by developing a smart User Experience ("UX"). The process automatically converts traditional currencies to cryptocurrencies, stores them properly, and makes them readily available, exchangeable, and spendable.

SVD is an ERC-20 utility token for the Savedroid platform, which contains a built-in deflation mechanism. The token is created via a smart contract on the Ethereum network. SVD is utilized to acquire crypto services inside the Savedroid ecosystem. Users also strive to use SVD to purchase the AI-powered crypto financing services provided by Savedroid.  

When SVD is used to acquire Savedroid ecosystems, a portion of it is burned, and the remaining is assigned to the Monetary Reserve Pool ("MRP"). Coin burning is a method through which consumers remove tokens from circulation. By trading SVD, the MRP can provide adequate SVD liquidity while also preventing an inflated market. 

Savedroid was founded in the fourth quarter of 2015. Dr. Yassin Hankir is a founder and CEO. Marco Trautmann is a founder and COO. Tobias Zander is a founder and CTO. The total supply of Savedroid tokens is 10 billion SVD coins.