Ended ICO : 15/01/18 – 15/02/18
Platform for investing spare change from everyday purchases into a diversified portfolio of cryptocurrencies
|Web site SKRAPS ICO||Linkedin SKRAPS ICO|
|Whitepaper SKRAPS ICO||Telegram SKRAPS ICO|
|Facebook SKRAPS ICO||No Slack for SKRAPS ICO|
|Twitter SKRAPS ICO||No analysis for SKRAPS|
|No Github for SKRAPS|
Skraps essentially works like Acorns but for crypto-currency purchases. Users can invest their cryptocurrency or fiat spare change with Skraps platform to earn the rewards of consistent investing. For investing cryptocurrencies, a user will need to link his crypto-currency 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 Conservative portfolio. Then the 0.02 BTC will be invested in the Conservative portfolio in 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 ($0.25) will get invested.
We have designed Skrap to be the platform which people turn to when they begin investing. Our focus is on keeping the user experience very simple and intuitive so that anyone can come on the platform and begin his investing journey. Since the investing happens with each transaction, there is a natural trigger to invest. The investment made is an amount which is “spare change” of the transaction, so the users don’t need to think twice before investing. It is as good as spare change which people forget about after keeping in their coat pocket.
Some of the key features of Skraps platform are:
- Easy to invest
- Low cognitive load
- Choose portfolio based on your risk appetite
- Create your own portfolio and share with the network
- Be in complete control of how much you invest
- No onerous requirements
- Leaderboards and Community
Soft cap 1000000$
Hard cap 2100000$
ICO Supply 66000000
Max Supply 110000000
Asset title SKARPS