Buyer protection without a trustee

Did you have ever payed with a crypto currency but never received the goods?
The paper of Bitcoin already mentioned the need of a third party – a trustee – to provide buyer protection. Buyer and seller would have to trust this third party that decides what happens with the payment in case of problems.
We present a new decentral cryptotechnology that binds vendors to their offered goods despite anonymity or national borders. In contrast to previous approaches, this happens without involving any third parties whereby online trading can be trusted again.

Binding votings as additional application

SavAct’s technology enables a voting system that can also be used to earn money. For example, content creators can improve their platform or channel by allowing viewers or readers to actively influence the content through the voting system.
Votings can be shared in many forms, for example as texts in comment sections or masks in video streams.
The vote result can be used to decide over the direction of a Let’s Play or influence a pornographic live stream.
There are many creative ways to use and incorporate votes. The votes are executed with small amounts of SavAct and the choice that accumulated the highest amount of coins won the voting.

Patent

A patent application has already been submitted and the priority has thereby been granted. After the registration of a nonprofit organization the patent will be transferred over.

The patent serves as protection against a market flooding of coins with copied or similar principle. It will also strengthen our market position. We want to reach a permanent technological advantage against potential future competitors by means of continuous development.

Marketing

We see marketing as one of the most important tools to establish SavAct worldwide. If you want to support us, share our vision of SavAct. We want to involve content creators all over the world to facilitate the usage of SavAct.

The coin is going to have applications in many domains, cf. Chapter 3, of the White Paper. SavAct’s nonprofit organization is going to support projects and ideas that use SavAct.