Incorrect cancellation policy of the Savedroid ICO
Significant errors in the cancellation policy during savedroid ICO are the results of a legal action review.
This is negated by savedroid AG. Nevertheless, it is argued by others, that the revocation of participation in the ICO could still be possible. If such a revocation takes effect, savedroid would have to reverse the respective token. The revoking supporter would get his money back.
So if you are a consumer and want to revoke your participation in the ICO, you should definitely do so.
Apparently, the reversal of the revocation is probably not possible or not so likely
(see Widerrufsrecht iSd. § 355 BGB). Therefore, we no longer offer this service. But if you still want to try, you are welcome to do so via the model revocation (see below).
How is the revocation declaration filed with savedroid AG?
In principle, the legislator deliberately kept the revocation declaration simple: fill out the model revocation form and, for example, email to the company.
This is not advisable, however. With a revocation by email you have no proof of access. The alternative letter by registered mail, however, requires the current postal address. The original address in theTerms & Condition is obsolete. To make matters worse, savedroid AG recently exchanged its imprint on the website for that of a subsidiary in Liechtenstein. All revocations of this subsidiary are ineffective.
Originally, the following wording of the revocation was contained in point 5 of the savedroid T&C:
Model withdrawal form
(complete and return this form only if you wish to withdraw from the contract) To:
Eschersheimer Landstraße 12
60322 Frankfurt am Main
I hereby give notice that I withdraw from my contract for the provision of the following service Ordered on
Name of consumer
Address of consumer
Signature of consumer (only if this form is notified on paper) Date
The crossing-out is retroactive. Savedroid AG is currently based in Niddastrasse 54, according to the commercial register.
Any consumer who wishes to declare a withdrawal to savedroid AG can do so by means of the following steps:
- choosing the above template or another one
- filling in his/her personal data and
- sending to savedroid AG.
Or he/she can use our comfortable tool.
We think that the Cryptocommunity has been ripped-off enough already by this ICO, savedroid and their CEO. Dr Hankir. Our tool makes it easy to declare a withdrawal.
Just follow the instructions in the form below, fill it in, send it out; we’ll take care of the rest.
This service is completely free. It’s a compliment to the community. Of course we work carefully and conscientiously. However, we would like to limit our liability: to gross negligence, willful intent and our customary care. If this is not enough, you can fill in the above original declaration or another form of cancellation notice (for example https://www.gesetze-im-internet.de/bgbeg/art_253anlage_2.html) It is best to send the declaration to the company per registered letter.
We will send the revocation statements to savedroid AG “en block” ; i.e. in about 14 days. If you do not want to wait that long, you should also refer to the link above.
We only provide technical assistance to complete and submit a form. We may not offer any legal advice beyond that.