Let us introduce the new token to be listed on our exchange – Savedroid.
Savedroid is an established German stock corporation that aims to create a unique AI-fueled ecosystem of crypto saving and investing for everyone.
Savedroid is hoping to eliminate complex cryptocurrency adoption barriers like selecting and registering on the exchange, setting up and maintaining a wallet as well as handling and storing private keys. The project will offer a mobile app, allowing users to simply connect their credit card and set-up AI-based cryptocurrency saving and investment plans across individual coins and tokens as well as in diversified portfolios of Coins and Tokens.
The platform is the AI-fueled Acorns of crypto, i.e. it will enable micro savings and investing as small as round-ups as it operates as an aggregator, i.e. transactions will be aggregated and netted across all users and only the delta will be traded on a crypto exchange, thereby significantly reducing transaction costs.
About the token
Savedroid has created a utility token with deflation mechanism as suggested by Vitalik Buterin, i.e., once a Savedroid token has been used for a service purchase, the system burns a percentage (i.e., deflation) resulting in a decreasing token supply over time to support the future value increase of the Savedroid token.
To know more about the company, visit their official website