SKRAPS - Your Investment Solutions


Skraps is actually an investment platform but it is not like other investment platforms which are on offer. It allows you to invest the spare change which you have in Fiat currencies as well as cryptocurrencies into a diversified portfolio. Thus, if you have used Acorns before, it is the Acorns of the cryptocurrency space. One little difference is that it allows you to invest the spare change which you have in Fiat currency as well. This makes it much easier for you to create a diversified portfolio without having to invest a significant amount of money.
You can easily connect your debit or credit card or you can connect your cryptocurrency wallet and start conducting the transactions normally. When you are able to conduct any kind of transaction, the spare change would actually be invested in a diversified cryptocurrency related portfolio. This ensures that you are able to easily create a diversified portfolio over a period of time. Any transaction which you conduct would be rounded off as well. Also, you would be able to choose the portfolio according to your risk type. The 5 different portfolios which are on offer include:

  • Conservative
  • Moderately conservative
  • Moderate
  • Moderately aggressive
  • Aggressive

Thus, you would be able to select your risk level as well. This ensures that you are able to invest in the portfolio which is conducive for you without any problems.
In addition to that, you would able to generate higher returns. There would be a proper leaderboard where the portfolio of the users would be displayed as well. This would ensure that you are able to directly identify the portfolios which are providing a better return as well. This would actually help you in generating greater returns from your portfolio.
The main advantage of this portfolio is that since you are not consciously investing but rather you are investing passively, you can be sure that you would be able to invest consistently over a longer period of time and the extra amount of money which you are investing would not pinch as well.
  1. Tokens will help the growth of the platform, as early investors can buy tokens at a lowerprice and act as evangelists so that more and more are introduced to Skraps platform. Asmore and more people join the Skraps platform, the token price would increase. This would help early investors make good returns on their investment. Token issue thus helps solve the problem of cold start which affects most platforms. As more people join Skraps platform, we can offer them services at lower transaction fees. (Same concept as bigger mutual funds can charge lower transaction fees as their fixed costs are distributed over a larger number of customers).
  2. SKRAPS token will be used to pay the portfolio managers in the platform. This would ensure that the incentives of the portfolio managers are aligned with those of the Skraps platform. Since portfolio managers are paid in tokens, they will benefit if the tokens increase in value. If the portfolio managers are able to generate good returns, more customers will be attracted to Skraps for investing which will increase the demand of the token and this its price. This is win-win for both the portfolio managers and the platform.
  3. Token sale (Token Sale ) is a good way to generate initial investment which can fund the early development and marketing of the product.
SKRAPS is a blockchain technology based platform that enables its user to invest spare change that is left after every transaction of cryptocurrencies. Investments would be made in the risk-adjusted portfolios that would be chosen by the user himself. Investment consists of 3 simple stages, performed by the user:

  1. 1. Skraps platform will help people invest in cryptocurrency in an easy way, without feeling that they have to take out time to invest and chose the assets to invest in.
  2. Skraps offers you the best strategy - to build a diversified portfolio based on one’s risk appetite and do systematic investments i.e. invest a specified amount of money in regular time intervals. This time averaging takes away the need to time the market perfectly.

  3. 2. Skraps is a unique way to encourage this systematic investment for crypto tokens. Especially since crypto tokens are very volatile, people tend to buy in upswings and sell in downswings. This is not a good strategy as people are just reacting to rumors in these cases.
  4. Skraps takes the cognitive burden away from investing and helps you save in your day to day transactions.

  5. 3. It’s obvious that in coming times more and more transactions will happen in cryptocurrency and hence people can save a large sum of money by investing the spare amount from their transactions.

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What is also important to mention, all portfolios that are going to be used are based on and managed by smart contracts.
Exchanges and crypto conversions

Skraps wallet will be connected to three different exchanges (Kraken, Poloniex,cex.io) via frontend API in order to buy ethereum (if user has fiat) in the most optimal exchange. Etherscan then be used to buy the target cryptocurrency using shapeshift.io API. Skraps wallet will be integrated with Shapeshift to enable real time conversion from one crypto-token to another.

The total number of SKRAPS token which will be ever created is 110 Million. Out of this 66 Million will be available as part of the token sale in Token Sale and whitelist. 11 Million tokens each will be reserved for founders and advisors/team. 5.5 Million tokens will be reserved for spending in Marketing and Bounty programs. 16.5 Million tokens will not be issued at the time of Token Sale and will be reserved for a future token issue. All unsold tokens will be distributed to token holders proportionally.
Conclusion
Skraps ICO is one of the best ways to invest in such a one of a kind platform which allows you to invest in cryptocurrencies. Moreover, with the help of this ICO you would be able to get in at the ground floor which would ensure that you are able to get a significant amount of return over a period of time.
Roadmap
Thus, the campaign offers an easy and simple solution for investing. All portfolios are controlled by highly qualified managers, which reduces the risk to a minimum.
The Skraps campaign offers an interesting solution, has an experienced development team and a clear ROADMAP. Therefore, I recommend supporting the campaign and following the developments.
And remember - the earlier you start investing, the higher the chance of making a profit.

Curious about SKRAPS, watch here:

For more information, please visit here:
Eth Address: 0xe9c44053F84ce9fd7f7c325Bc415495208c2fb3C


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