SKRAPS

EARN THE REWARDS OF CONSISTENT INVESTING

https://skraps.io/

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, around 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. Skraps platform will initially offer 5 different portfolios: Conservative, Moderately Conservative, Moderate, Moderately Aggressive, Aggressive. The Skraps platform will help people invest in cryptocurrency in an easy way, without feeling the cognitive burden to take out time to invest and choose the assets to invest in. 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 currencies to use in the crypto portfolio. So users can even choose 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.

Skraps 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. 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 the Skraps platform are:

1. Easy to invest (Connect Your Wallet - Make a Purchase - Invest Your Change )
2. Low cognitive load
3. Choose portfolio based on your risk appetite
4. Create your own portfolio and share with the network
5. Be in complete control of how much you invest
6.  No onerous requirements
7. Security
8. Leaderboards and Community

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

SKRAPS Token ( SKRP )

The Skraps token will be used to pay the portfolio managers in the platform, the SKRAPS token is the native token for the Skraps platform. Skraps invests fiat and cryptocurrency into all cryptocurrency/crypto assets. Most tokens are spent in fractional amounts (most up to 18 decimals) so it makes perfect sense for Skraps to invest crypto into crypto as well as fiat.

Token Sale Details

The total number of SKRAPS token which will be ever created is 110 Million. All unsold tokens will be distributed to token holders proportionally. During the Token Sale, people can buy tokens by paying in BTC, LTC, ETH, Dash, Ripple, and Bitcoin Cash. Due to the current volatility of cryptocurrencies, the prices will be fixed to USD as follows:

• Token Name: SKRP
• SKRP Max Token Supply = 110,000,000
• SKRP Available = 66,000,000
• Hard Cap = $21,450,000
• Phase 1:  Round 1: $0.30, Round 2: $0.35, Round 3: $0.40. The price will increase by $0.005 every day during this round. 
• Phase 2:  Round 1: $0.45 
• Token Allocation:

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