CMD Venture Technology S.R.L. All rights reserved SAVE Whitepaper V3.0

Size: px
Start display at page:

Download "CMD Venture Technology S.R.L. All rights reserved SAVE Whitepaper V3.0"

Transcription

1

2 Content Legal Disclaimer... 2 Abstract... 3 Problem... 3 Solution... 3 Benefits of users... 3 Benefits of investors... 4 Solution to complicated paradigm... 4 SAVE Token... 4 Vision... 4 Decentralization... 4 Implementation... 4 Ideation... 4 Complementary services... 7 Core Service... 7 Augmented Service... 7 MVP... 7 Ecosystem and Stakeholders and the Market... 7 The blockchain and SAVE... 7 Investors... 8 Market... 8 Why ICO?... 8 Distribution... 8 Roadmap Use of funds Final words... 11

3 Legal Disclaimer CMD Venture Technology S.R.L. All rights reserved The website The Save Logo are registered trademarks of CMD Venture Technology S.R.L. or its subsidiaries. CMD Venture Technology S.R.L. Str. Buzoiani Iani, Nr. 38, Bucharest, Romania The images, visuals, written material or any other content used on this website are the property of CMD Venture Technology S.R.L. and its subsidiaries. It is forbidden to reproduce or in any way use this content in any other manner than that of presenting on this website. The content depicted on this website is subject to change without further notice. The copying, distribution, or publishing of any content on this website without written permission by CMD Venture Technology S.R.L. or its subsidiaries is strictly forbidden. YOUR CAPITAL IS AT RISK!

4 Abstract The SAVE Whitepaper is a document that will describe the idea behind the SAVE token and how the team aims to implement it. It will go into detail about the identified problems of the blockchain and a possible solution brought forward by the team behind SAVE. Furthermore, it will describe technical specifications of the SAVE proposal and ICO that will be undertaken to secure the necessary investment to ensure the successful launch of the service. Finally, the paper will give its reader an idea about the projected timeline and what to expect from their investment. Problem The blockchain represents one of the biggest innovations of the information age. As a result, we have seen a lot of money being invested directly in the form of trading, hence the spectacular price increase of bitcoin over the year 2017, and indirectly invested into the expansion of the blockchain. This has sparked the appearance of a plethora of blockchainbased solutions to existing platforms. All these new solutions show great potential to revolutionise the WEB via blockchain-based ecommerce platforms, app stores, music apps, PR agencies, social media, financial services and so much more. These applications of the blockchain have brought innovations towards a decentralised economy. Innovation, however, brings unknown variables that need to be tackled as they appear. Currently, the crypto market is under constant pressure from regulators, banks, media, governments, financial institutions and private investors. At the same time, lack of regulation sparks uncertainty in the market and can lead to market manipulation via pump and dump schemes. This leads to scepticism and, as a result, scares potential investors. Another issue with the current paradigm lies in the disruptive practices and knowledge required to access the cryptomarket. As compared to existing practices, investing in blockchain involves thinking about online security beyond simple passwords. This is a practice that often frustrates regular users who often forget their passwords or choose way too simple passwords. Currently, even a simple task as opening an Ethereum wallet on a simple platform involves understanding what a KeyStore and what a private key is. This alone creates incredible issues for regular users who do not understand how imperative it is to keep the account secure unlike a bank for example, where a person can be called and solve the issues. Solution We, the SAVE team, are proposing a revolutionary system of protecting your investment into cryptocurrency. Our solution offers benefits to every stakeholder interested to invest. Benefits of users By offering a buy back system for cryptocurrency we aim to attract new investors who will have their investment secured in case of market collapse. Our customers are either first time investors who would like to take advantage of the extraordinary profits offered by crypto market but do not want to risk. They pay a percentage of the investment and they have peace of mind that if their investment fails, they will be reimbursed.

5 Benefits of investors We will ask 2% SAVE token to secure the investment. The SAVE will be bought by our customers on the market, at the market price. Furthermore, we will not dilute the market, hence the number of SAVE tokens on the market will be finite and increasing with the demand. Early investors will benefit of from the rising prices. Solution to complicated paradigm The SAVE team aims to solve the complicated system of having a secure wallet by creating an easy to use, familiar system. This will be based around an application for ios and Android. The user will be able to follow a simple and familiar system of UI (user interface) while every security measure will be undertaken in the background. SAVE Token Vision The SAVE Team identifies the market for cryptocurrency one that is community based. Hence, it is committed to develop professionally by cooperating with existing blockchain communities, third party services, developers and companies. The goal of SAVE Token team is to bring innovation in every part of its operation. Our vision started as a result to extreme volatility. We consider our service to fill a gap in the market. Hence, we have started with the goal of giving people peace of mind. Investing in cryptocurrency is exciting indeed, however the risk is relatively high considering in the face of bans and regulations. We have seen the opportunity to give investors in cryptocurrency a mechanism of buy back. We are months away from launching our service and we are applying the finishing touches. Decentralization The idea behind the SAVE token is to offer a niche service for early investors into cryptocurrency and, as a result, improve upon the decentralised market of blockchain technology. Implementation The SAVE token will be made available on the market on various exchanges following the public ICO periods. As a result, the company behind SAVE will no longer have control over the price of the token. This way SAVE will be subject to market forces, as it should be in a decentralized market. Ideation The idea behind the SAVE token is that it will be used to purchase coverage for cryptocurrency investments. The cryptocurrency chosen by the customer will determine the percentage required to be paid to secure the investment. The system is thought to be a buy-back system. This means that regardless of what the customer does with the currency they secure, they must transfer said amount in case of default in order to access their policy. Following the ICO, as per our Roadmap, we are committed to launching the service as follows:

6 Cryptocurrencies available for coverage will be made available on our website. According to our financial analysts, they will be categorised into 3 categories (subject to change): 1. 3% out of the total initial investment 2. 4% out of the total initial investment 3. 5% out of the total initial investment 2% SAVE token will be required regardless of the currency chosen from the list. This can be bought with FIAT on our website at the market exchange rate, or it can be bought on the market from exchanges. As a result, the TOTAL cost of the coverage will range between 5% and 7% according to the risk assessment. The coverage will be initially available for 1 year (multiple coverage periods may be introduced). The customer is free to use his covered currency as they please, however in the event of default, for a period of 30 days, they customer will have to transfer the covered amount to us and will be paid the initial covered sum.

7 The following steps explain the process in more detail:

8 Complementary services Following the crowdsale, the aim of the SAVE team is to launch a comprehensive package of services, launched incrementally to assure effective and efficient diffusion. The base service proposed by SAVE is to provide secure investments into cryptocurrency and as a result attract several sceptical new potential investors that have been mere observers of the bitcoin phenomenon. As a result, the SAVE team plan on launching an augmented product aimed at solving the uncertainty problem of the blockchain investments as well as building upon the underdeveloped market for crypto currency and the blockchain. Core Service The core service of SAVE will provide the ability for investing a sum of money and having it secured against total market crash for a period of 1 year (subject to change or supplementation) in exchange for a certain percentage of the total sum payable to SAVE directly via convenient Credit/ Debit Card or wire transfer. The user will also receive 2% SAVE token (if not already owned). The full system has been already explained in the previous section. Augmented Service SAVE Exchange The save exchange is aimed at complimenting the SAVE ecosystem and not be a competitor to existing exchanges. The goal is to be able to easily purchase the SAVE policy package together with the SAVE token and the crypto currency the user wishes to protect. SAVE Wallet The SAVE wallet will implement the SAVE exchange with a system of organizing and managing users cryptocurrency. SAVE ios and Android apps The SAVE wallet apps will provide the users an intuitive and easy method of managing the SAVE token they own; manage their active policies; and create new policies. It will be secured with latest encryption practices and 2-factor authentication. The aim of the app is to simplify as much as possible the system of purchasing crypto. In the app a version of the SAVE Exchange described previously will be implemented and a concierge system will be implemented to aid less tech savvy investors. MVP The previously described augmented product will be demonstrated live on our website as soon as it will be ready. Ecosystem and Stakeholders and the Market The blockchain and SAVE We have extensively described SAVE and its position in the blockchain. We aim to provide the market for cryptocurrency with a service that gives users peace of mind. The system proposed by the SAVE team involves creating a new paradigm in cryptocurrency. It will incorporate a safe wallet that will accept multiple cryptocurrencies, an exchange service and the protection service offered by SAVE.

9 The SAVE proposal fills a hole in the market and attracts investors that would otherwise not invest in crypto. Investors Decentralised currencies have evolved past the limitations of regular currencies. In the past years, innovation in computing power and the internet has created the opportunity to develop next generation applications of currently outdated systems. Out of this natural seeking of the best next thing, cryptocurrency has overcome the perils of new product development and has started its ascend towards becoming mainstream. The market stands at a mere 500B $ (at the time of writing) making cryptocurrency investments very smart. Market The market is offering a great opportunity for profit. The unprecedented increase of investment in cryptocurrency has created a multi-billion market for adjacent services. New investors will eventually enter the crypto world. SAVE tries to ease this process and offer some security. Why ICO? ICO or Initial Coin Offering is a method for financing business in cryptocurrency. The investor benefit from early bird prices on the tokens while the company behind the ICO collects necessary funding to develop their product or service. Furthermore, this also helps to initially divide the tokens to multiple investors. Following the ICO, SAVE will launch the tokens on the exchanges, this way monetizing the token and allow the initial investors to gain from return on investment if they wish. Distribution The crowdsale of the token will be held in two major stages described below. The pre-sale phase will be held for 4 weeks and the public ICO will be held in 4 phases lasting 1 week each. The difference between the public phases stands in the percentage bonus. A maximum of 350 million tokens will be generated during the ICO known as the hard cap. No additional tokens will be issued afterwards. Allocation Phase Duration Tokens %Free Bonus Tokens Total Tokens % Pre-Sale 0 4 weeks % % Public 1 2 weeks % % Public 2 2 weeks % % Public 3 2 weeks % % Public 4 1 week % Reserve fund* % TOTAL % *Any unsold tokens in the pre-sale and public phases will remain in the reserve fund and will be locked for a period (to be determined). The exchange rate: 1 ETH = 6000 SAVE tokens

10 The exchange rate to EURO will be determined every day at 12:00 PM UTC time according to CoinMarketCap. The approximate timeline* for the ICO phases are: Pre-Sale Phase: 23 rd February 23 rd March Public phase 1: 10 th June 23 rd June Public phase 2: 24 th June 7 th July Public phase 3: 8 th July 22 nd July Public phase 4: 22 nd July 30 th July *Timeline is subject to change depending on meeting the goals.

11 Roadmap

12 Use of funds To ensure a successful launch for the SAVE platform we plan to invest most of the funding into the development of the platform. This is necessary to ensure a safe and secure platform. We are committed to offering state of the art security using the latest practices in security. Furthermore, we plan on spending a significant amount on marketing and PR. This is necessary to ensure we attract enough customers that will keep the platform alive. Administration 7% Distribution of Funds Licensing 5% Legal 5% Operations 8% Development 50% Reserve Fund 10% Marketing and PR 15% Final words In conclusion, SAVE is the answer to the current paradigm. SAVE offers a solution to the overly complicated logistics currently experienced by the investors in crypto, a solution to the uncertainty of the market and ultimately, a solution to fear of default. SAVE is backed up by a dedicated team which offers their best to launch this proposal. Finally, we would like to thank you for reading the whitepaper and we would like to invite you to invest in this proposal.

13 Content Legal Disclaimer... 2 Abstract... 3 Problem... 3 Solution... 3 Benefits of users... 3 Benefits of investors... 4 Solution to complicated paradigm... 4 SAVE Token... 4 Vision... 4 Decentralization... 4 Implementation... 4 Ideation... 4 Complementary services... 7 Core Service... 7 Augmented Service... 7 MVP... 7 Ecosystem and Stakeholders and the Market... 7 The blockchain and SAVE... 7 Investors... 8 Market... 8 Why ICO?... 8 Distribution... 8 Roadmap Use of funds Final words... 11

14 Legal Disclaimer CMD Venture Technology S.R.L. All rights reserved The website The Save Logo are registered trademarks of CMD Venture Technology S.R.L. or its subsidiaries. CMD Venture Technology S.R.L. Str. Buzoiani Iani, Nr. 38, Bucharest, Romania The images, visuals, written material or any other content used on this website are the property of CMD Venture Technology S.R.L. and its subsidiaries. It is forbidden to reproduce or in any way use this content in any other manner than that of presenting on this website. The content depicted on this website is subject to change without further notice. The copying, distribution, or publishing of any content on this website without written permission by CMD Venture Technology S.R.L. or its subsidiaries is strictly forbidden. YOUR CAPITAL IS AT RISK!

15 Abstract The SAVE Whitepaper is a document that will describe the idea behind the SAVE token and how the team aims to implement it. It will go into detail about the identified problems of the blockchain and a possible solution brought forward by the team behind SAVE. Furthermore, it will describe technical specifications of the SAVE proposal and ICO that will be undertaken to secure the necessary investment to ensure the successful launch of the service. Finally, the paper will give its reader an idea about the projected timeline and what to expect from their investment. Problem The blockchain represents one of the biggest innovations of the information age. As a result, we have seen a lot of money being invested directly in the form of trading, hence the spectacular price increase of bitcoin over the year 2017, and indirectly invested into the expansion of the blockchain. This has sparked the appearance of a plethora of blockchainbased solutions to existing platforms. All these new solutions show great potential to revolutionise the WEB via blockchain-based ecommerce platforms, app stores, music apps, PR agencies, social media, financial services and so much more. These applications of the blockchain have brought innovations towards a decentralised economy. Innovation, however, brings unknown variables that need to be tackled as they appear. Currently, the crypto market is under constant pressure from regulators, banks, media, governments, financial institutions and private investors. At the same time, lack of regulation sparks uncertainty in the market and can lead to market manipulation via pump and dump schemes. This leads to scepticism and, as a result, scares potential investors. Another issue with the current paradigm lies in the disruptive practices and knowledge required to access the cryptomarket. As compared to existing practices, investing in blockchain involves thinking about online security beyond simple passwords. This is a practice that often frustrates regular users who often forget their passwords or choose way too simple passwords. Currently, even a simple task as opening an Ethereum wallet on a simple platform involves understanding what a KeyStore and what a private key is. This alone creates incredible issues for regular users who do not understand how imperative it is to keep the account secure unlike a bank for example, where a person can be called and solve the issues. Solution We, the SAVE team, are proposing a revolutionary system of protecting your investment into cryptocurrency. Our solution offers benefits to every stakeholder interested to invest. Benefits of users By offering a buy back system for cryptocurrency we aim to attract new investors who will have their investment secured in case of market collapse. Our customers are either first time investors who would like to take advantage of the extraordinary profits offered by crypto market but do not want to risk. They pay a percentage of the investment and they have peace of mind that if their investment fails, they will be reimbursed.

16 Benefits of investors We will ask 2% SAVE token to secure the investment. The SAVE will be bought by our customers on the market, at the market price. Furthermore, we will not dilute the market, hence the number of SAVE tokens on the market will be finite and increasing with the demand. Early investors will benefit of from the rising prices. Solution to complicated paradigm The SAVE team aims to solve the complicated system of having a secure wallet by creating an easy to use, familiar system. This will be based around an application for ios and Android. The user will be able to follow a simple and familiar system of UI (user interface) while every security measure will be undertaken in the background. SAVE Token Vision The SAVE Team identifies the market for cryptocurrency one that is community based. Hence, it is committed to develop professionally by cooperating with existing blockchain communities, third party services, developers and companies. The goal of SAVE Token team is to bring innovation in every part of its operation. Our vision started as a result to extreme volatility. We consider our service to fill a gap in the market. Hence, we have started with the goal of giving people peace of mind. Investing in cryptocurrency is exciting indeed, however the risk is relatively high considering in the face of bans and regulations. We have seen the opportunity to give investors in cryptocurrency a mechanism of buy back. We are months away from launching our service and we are applying the finishing touches. Decentralization The idea behind the SAVE token is to offer a niche service for early investors into cryptocurrency and, as a result, improve upon the decentralised market of blockchain technology. Implementation The SAVE token will be made available on the market on various exchanges following the public ICO periods. As a result, the company behind SAVE will no longer have control over the price of the token. This way SAVE will be subject to market forces, as it should be in a decentralized market. Ideation The idea behind the SAVE token is that it will be used to purchase coverage for cryptocurrency investments. The cryptocurrency chosen by the customer will determine the percentage required to be paid to secure the investment. The system is thought to be a buy-back system. This means that regardless of what the customer does with the currency they secure, they must transfer said amount in case of default in order to access their policy. Following the ICO, as per our Roadmap, we are committed to launching the service as follows:

17 Cryptocurrencies available for coverage will be made available on our website. According to our financial analysts, they will be categorised into 3 categories (subject to change): 1. 3% out of the total initial investment 2. 4% out of the total initial investment 3. 5% out of the total initial investment 2% SAVE token will be required regardless of the currency chosen from the list. This can be bought with FIAT on our website at the market exchange rate, or it can be bought on the market from exchanges. As a result, the TOTAL cost of the coverage will range between 5% and 7% according to the risk assessment. The coverage will be initially available for 1 year (multiple coverage periods may be introduced). The customer is free to use his covered currency as they please, however in the event of default, for a period of 30 days, they customer will have to transfer the covered amount to us and will be paid the initial covered sum.

18 The following steps explain the process in more detail:

19 Complementary services Following the crowdsale, the aim of the SAVE team is to launch a comprehensive package of services, launched incrementally to assure effective and efficient diffusion. The base service proposed by SAVE is to provide secure investments into cryptocurrency and as a result attract several sceptical new potential investors that have been mere observers of the bitcoin phenomenon. As a result, the SAVE team plan on launching an augmented product aimed at solving the uncertainty problem of the blockchain investments as well as building upon the underdeveloped market for crypto currency and the blockchain. Core Service The core service of SAVE will provide the ability for investing a sum of money and having it secured against total market crash for a period of 1 year (subject to change or supplementation) in exchange for a certain percentage of the total sum payable to SAVE directly via convenient Credit/ Debit Card or wire transfer. The user will also receive 2% SAVE token (if not already owned). The full system has been already explained in the previous section. Augmented Service SAVE Exchange The save exchange is aimed at complimenting the SAVE ecosystem and not be a competitor to existing exchanges. The goal is to be able to easily purchase the SAVE policy package together with the SAVE token and the crypto currency the user wishes to protect. SAVE Wallet The SAVE wallet will implement the SAVE exchange with a system of organizing and managing users cryptocurrency. SAVE ios and Android apps The SAVE wallet apps will provide the users an intuitive and easy method of managing the SAVE token they own; manage their active policies; and create new policies. It will be secured with latest encryption practices and 2-factor authentication. The aim of the app is to simplify as much as possible the system of purchasing crypto. In the app a version of the SAVE Exchange described previously will be implemented and a concierge system will be implemented to aid less tech savvy investors. MVP The previously described augmented product will be demonstrated live on our website as soon as it will be ready. Ecosystem and Stakeholders and the Market The blockchain and SAVE We have extensively described SAVE and its position in the blockchain. We aim to provide the market for cryptocurrency with a service that gives users peace of mind. The system proposed by the SAVE team involves creating a new paradigm in cryptocurrency. It will incorporate a safe wallet that will accept multiple cryptocurrencies, an exchange service and the protection service offered by SAVE.

20 The SAVE proposal fills a hole in the market and attracts investors that would otherwise not invest in crypto. Investors Decentralised currencies have evolved past the limitations of regular currencies. In the past years, innovation in computing power and the internet has created the opportunity to develop next generation applications of currently outdated systems. Out of this natural seeking of the best next thing, cryptocurrency has overcome the perils of new product development and has started its ascend towards becoming mainstream. The market stands at a mere 500B $ (at the time of writing) making cryptocurrency investments very smart. Market The market is offering a great opportunity for profit. The unprecedented increase of investment in cryptocurrency has created a multi-billion market for adjacent services. New investors will eventually enter the crypto world. SAVE tries to ease this process and offer some security. Why ICO? ICO or Initial Coin Offering is a method for financing business in cryptocurrency. The investor benefit from early bird prices on the tokens while the company behind the ICO collects necessary funding to develop their product or service. Furthermore, this also helps to initially divide the tokens to multiple investors. Following the ICO, SAVE will launch the tokens on the exchanges, this way monetizing the token and allow the initial investors to gain from return on investment if they wish. Distribution The crowdsale of the token will be held in two major stages described below. The pre-sale phase will be held for 4 weeks and the public ICO will be held in 4 phases lasting 1 week each. The difference between the public phases stands in the percentage bonus. A maximum of 350 million tokens will be generated during the ICO known as the hard cap. No additional tokens will be issued afterwards. Allocation Phase Duration Tokens %Free Bonus Tokens Total Tokens % Pre-Sale 0 4 weeks % % Public 1 2 weeks % % Public 2 2 weeks % % Public 3 2 weeks % % Public 4 1 week % Reserve fund* % TOTAL % *Any unsold tokens in the pre-sale and public phases will remain in the reserve fund and will be locked for a period (to be determined). The exchange rate: 1 ETH = 6000 SAVE tokens

21 The exchange rate to EURO will be determined every day at 12:00 PM UTC time according to CoinMarketCap. The approximate timeline* for the ICO phases are: Pre-Sale Phase: 23 rd February 23 rd March Public phase 1: 10 th June 23 rd June Public phase 2: 24 th June 7 th July Public phase 3: 8 th July 22 nd July Public phase 4: 22 nd July 30 th July *Timeline is subject to change depending on meeting the goals.

22 Roadmap

23 Use of funds To ensure a successful launch for the SAVE platform we plan to invest most of the funding into the development of the platform. This is necessary to ensure a safe and secure platform. We are committed to offering state of the art security using the latest practices in security. Furthermore, we plan on spending a significant amount on marketing and PR. This is necessary to ensure we attract enough customers that will keep the platform alive. Administration 7% Distribution of Funds Licensing 5% Legal 5% Operations 8% Development 50% Reserve Fund 10% Marketing and PR 15% Final words In conclusion, SAVE is the answer to the current paradigm. SAVE offers a solution to the overly complicated logistics currently experienced by the investors in crypto, a solution to the uncertainty of the market and ultimately, a solution to fear of default. SAVE is backed up by a dedicated team which offers their best to launch this proposal. Finally, we would like to thank you for reading the whitepaper and we would like to invite you to invest in this proposal.