ChronoBank’s Mikhail Savchenko Joins as Advisor to Caviar – Crypto and Real Estate in One Token

Place/Date: The Cayman Islands - December 4th, 2017 at 7:05 am UTC · 3 min read
Contact: Kathy Berardi, Source: Caviar

The Caviar team, who successfully launched their pre-sale December 1 with a pioneering approach to create a dual-purpose token and crowdfunding platform built on the Ethereum blockchain, announced that Mikhail (Mike) Savchenko, CTO of ChronoBank, has joined as an advisor.

Caviar’s token offers access to stable real estate and cryptocurrencies, with built-in downside protection and automatic diversification. The pre-sale will run through December 7; and the crowdsale will begin on December 12 with the goal of raising $25 million.

Born with a ZX Spectrum in his hand, Savchenko is a veteran programmer with more than 20 years experience of software development, security and cryptography. His CV includes an MBA in IT Project Management and he has applied his skills to blockchain development since the early days of bitcoin.

Most recently, he won a fintech hackathon at which he presented a trusted document exchange based on IPFS and Ethereum that forms a key part of ChronoBank’s functionality.

On joining the advisory team, why he thinks traditional investors need to ‘wake up to smell the crypto’ and what’s coming in 2018, Mike shared the following in a Caviar blog post:

  •     Why Caviar, Why Now for ICO: “I really like the idea of real estate tokenization. We’ve been discussing different options in that field many times. So when I got an offer to join Caviar’s team as an advisor, I accepted it immediately.”
  •     Caviar, a Project for Non-Cryptos & Cryptos Alike: “Caviar will make traditional market investors focus their attention  on the cryptocurrency world, while also making cryptocurrency market players focus their attention on real estate. I’m sure that both sides will win. Traditional investors should immediately pay attention before it is too late to join this new game.”
  •     What’s Coming for the Market in 2018: “Big financial institutions are going to join the cryptocurrency world this autumn, so I believe next year all bets will grow significantly.”

In addition to Savchenko, Caviar’s team of advisors includes the esteemed blockchain investment expert David Drake, Chairman of LDJ Capital; Ivan Labrie, a top trader on; James Sowers, ICO Advisor, Angel Investor and Crypto Capitalist; Gabriel Jarrosson, a French entrepreneur, crypto investor and a founder of a private crypto investment group; NASA-recognized inventor and data scientist David Wirth; and James Jamil, Executive Director of the Wall Street Blockchain Alliance

We’re honored that Mike has joined our global team of advisors, further validating our approach to diversify cryptocurrency investments. ChronoBank is an impressive innovator and we’re excited to have Mike’s technical talent as well as market insights contributed to our project,” said Kirill Bensonoff, partner at Caviar.

Disclaimer: Caviar is the source of this content Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.