Overview:

Savedroid are infamous in the cryptocurrency world, but not for having a good product or a successful project. Instead, they’re well-known for launching a despicable hoax on their investors, wherein they completed their ICO with a total of 50m USD in funding, then proceeded to close their website and pretend the whole thing had been an elaborate exit scam.

The CEO, Yassin Hankir, orchestrated this hoax and revelled in the attention his company received in the aftermath. He claimed it was a PR stunt, but it was very poorly received. If we fast-forward to the current day, we see a token that has dropped massively in value, a product that hasn’t been launched effectively and nothing solid in place for future developments.