Savedroid has been a promising ICO since its inception. Founded in 2015, the project sought to develop algorithms based on artificial intelligence that would allow users to manage their expenses more efficiently through a carefully designed savings and investment system.[1]
The project was so successful that in 2017 won the Fintech of The Year award, endorsed by Payment and Banking[2]
Den Gewinnern des #fintechdesjahres17 Award @billie @solarisBank @savedroidAG & @auxmoney, unsere allerherzlichsten Glückwünsche. Danke an all die anderen ebenso großartigen #FinTechs! Ihr habt es alle verdient…Liebe zu euch 🚀❤️✌🏼 pic.twitter.com/4VotVZp7TD[3][4][5][6][7][8][9]
— Paymentandbanking (@paymentbanking) March 21, 2018[10]
It is also important to note that the team had one of the biggest rounds of financing for an Initial Coin Offering (ICO) in Germany, raising over $50 million from more than 35,000 investors at the time of the ICO.
AAAAAND IT’S GONE
However, after this successful journey, a surprise news story flooded the specialized portals and social networks: The project’s website had disappeared, leaving in its place an image with the famous South Park meme: “Annnd It’s Gone.”
The news began to roll through the social media dividing the opinions mainly in three areas:
- A group that believed the website was hacked.
- A group that still trusted the project and believed it was a terrible PR strategy.
- A group that claimed it was the typical LoopX and Prodeum-style exit-scam, who after leaving without a trace left specific posts as a mockery for those who put their trust in the project.
The subsequent actions seemed to
