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Skraps ICO details Start Date: 2018-1-15 End date: 2018-2-15 Category: Banking, Cryptocurrency, Investment, Platform



Token: SKRP



Platform: Ethereum



Type: ERC20



Initial price: 1 SKRP = 0.30 - 0.45 USD



Bonus:



Accepting: BTC Dash ETH Fiat LTC XRP



Soft cap: 1,000,000 USD



Hard cap: 21,450,000 USD

Skraps – Invest your spare change in diversified portfolios of cryptocurrencies

Skraps essentially works like Acorns but for cryptocurrency purchases. Users can invest their cryptocurrency or fiat spare change with the Skraps platform to earn the rewards of consistent investing. For investing cryptocurrencies, a user will need to link his cryptocurrency wallets to the Skraps platform. Whenever a user will make a purchase or do a transaction, a round off amount will be invested in the Skraps portfolio. The user can select the type of portfolio he wants to invest in based on his risk tolerance.

For example, suppose Alice is purchasing a flight ticket in Air Baltic using bitcoins. The price of the flight ticket is 12.98 BTC. She pays 12.98 BTC for the ticket. Then she goes to the Skraps app and rounds up the transaction to 13 BTC. So the .02 gets invested. The 0.02 BTC gets invested in a portfolio of her choice. Suppose Alice has selected to invest in the Conservative portfolio.

Then the 0.02 BTC will be invested in the Conservative portfolio in the Skraps platform.

Similarly, the spare changes after transactions in fiat currency will be invested in the selected cryptocurrency portfolio. The same scenario works for fiat. If Alice purchases a coffee for $3.75, she can round up the transaction to $4.00 and the difference (of $0.25) will get invested.

Thus, as users keep investing in the Skraps platform, their cryptocurrency investments will increase in value. The investment happens with each transaction, so there is no mental overload to decide where to invest and how much. Our commitment is to make investing very simple and intuitive so that everyone can benefit from the returns of disciplined investing.

Skraps platform will initially offer 5 different portfolios

Conservative

Moderately Conservative

Moderate

Moderately Aggressive

Aggressive

All these portfolios are designed by experienced cryptocurrency managers who will invest in assets guided by the risk-return profile of the selected portfolio. These portfolios will be accessible by users for free. Users can view these portfolios and copy them for their use. Fig 3. shows an asset distribution in a sample cryptocurrency portfolio. In due course of time, we will introduce portfolios created by experienced users, which they can make public so that other users can also choose to copy those portfolios. The portfolio creator will get a fixed fee on the amount invested by other users in the portfolio designed by zer‑1.

Skraps is primarily focused on investing spare change from cryptocurrency transactions to cryptocurrency portfolios—but to introduce more people to crypto portfolio investment, we will also provide fiat currenciesto use in the crypto portfolio. So users can even chose to round up their transactions in fiat currencies and the spare amount from these transactions will be invested in crypto portfolios in the Skraps platform.

Buy Skraps tokens!

Team

Kal Mokhtar Co-Founder Mohamed Effat Co-Founder Bogdan Fiedur Blockchain Expert Vinshu Gupta Blockchain Expert Sakaar Bhatia Smart Contract Developer Andrew Morgatov Developer Suraj Tekwani Manager Faiz Ahmed Faiz Manager Diego Emilio Cruces Application Developer Leonard Jackson Marketing Consultant

Skraps Advisors

Aayush Jindal Greg Sigalov Volodymyr Lytvyniuk Nikhil Mohan

Milestones

April 2017 Concept

June 2017 Research - Team Development

December 2017 White Paper - ICO Smart Contract Audited and Released

January 2018 ICO Begins

February 2018 CO Ends + Mobile + Desktop Application Development

March 2018 Beta Desktop + Mobile App Version released to Whitelist Members

April 2018 Beta v1.0 Desktop + Mobile App Versions released to general public

May 2018 Production ready app v2.0 released

June 2018 Desktop + Mobile app versions released to general public

July 2018 Open source development governance process to community