If you have been following my articles on #Skraps closely, you might already have had an idea about it. In this article we will be discussing more about Skraps and its upcoming ICO.
Skraps is primarily focussed on investing spare changes from fiat and cryptocurrencies transactions to cryptocurrency portfolios. So users can chose to round up their transactions in fiat currencies and crypto coins, and the spare amount from these transactions will be invested in crypto portfolios in Skraps platform.
As users keep investing in the Skraps platform, their cryptocurrency investments will increase in value. Its app focussed mainly on making the small change to add up. Users can invest their spare change from cryptocurrency or fiat transactions into a diversified cryptocurrency- related portfolios to earn the rewards of consistent investing less the cognitive burden of investing but in a smooth and easy way. It's commitment is to make investing very simple and intuitive so that everyone can benefit from the returns of disciplined investing.
Before you start investing, it is very important that you learn about the different types of investments, and what those investments can do for you. Understand the risks involved, and pay attention to past trends as well. History does indeed repeat itself, and investors know this first hand!
Below is a description of Skraps’ different portfolios initially on offer:
- Conservative - These are very safe investments that grow over a long period of time. If you are comfortable accepting lower returns with low risk investments, this is for you.
- Moderately Conservative - is ideal for those who values principal preservation, but is comfortable accepting a small degree of risk and volatility to seek some degree of appreciation. Invest on this portfolio if you desire greater liquidity, is willing to accept lower returns, and is willing to accept minimal losses.
- Moderate - Moderate investing may be low or moderate risk. These have long-term returns and with modest and considerable risk. You are a moderate investor if you accept value reducing risk and want reasonable, but relatively stable income and capital growth.
- Moderately Aggressive – Investment with higher long-term returns with significant risk. If you believe that higher long-term returns are more important than protecting principal and can endure large losses in favour of potentially higher long-term returns, then you fall on this category.
- Aggressive – A portfolio management that attempts to maximize returns by taking a relatively higher degree of risk. It involves extensive volatility and significant losses. Along with the prospect of higher returns, aggressive investments also carry a higher-than-average risk of losing significant amount of your investment. You would be an aggressive investor if you believe maximizing long-term returns is more important than protecting principal and liquidity is generally not your concern.
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. Each user will be able to view the contents of every portfolio and even copy it in order to use it on other exchanges. Users can freely switch between different portfolios as well, without any switching charges.
Skraps enables users to invest the spare change from everyday fiat and cryptocurrency transactions into a diversified portfolio of their choice. Users can simply connect their debit/credit cards or wallets to the app, spend like normal, and invest their spare change. Users can round up those transactions to any decimal place.
Skraps is almost like a mutual fund company where you can find different funds to invest into however, instead of you putting money consciously, we collect your spare changes
Skraps will also have an additional "Leaderboard" feature that allows any user to create a portfolio and share it with the network. Portfolio owners will earn tokens from those who wish to copy their portfolios.
As a Skraps portfolio manager, you will have 20% share from users and 5% fee for Skraps platform paid monthly calculated on the profit and not on the whole amount. This is payable every 31st day.
However, if your portfolio manager failed and made losses, Skraps will waive off everything; no 20% to fund manager, no 5% platform fee to Skraps. It’s a no gain no fee situation. No “rubbing of salt to the wound” so to speak!
If users just buy SKRP and leave it on SKRAP wallet, let it sit there and grow in value, they don’t have to pay 5% monthly fee. Until users start to use Skraps services, users don’t pay and don't lose anything
With SKRAPS, you can make total or partial withdrawal in your choice of currency, directly to your wallet or bank account in any currency of your choice.
Skrap token supply is 110,000,000. And 66,000,000 tokens will be available in the ICO. All unsold tokens in ICO will be burned or allocated to the buyers according to their token holding proportion.
It will be connected to a few exchanges where it will buy from, but the coins will stay in Skrap platform and so you will have a wallet for each crypto that you own.
Skraps will list the top 50 cryptocurrency in the market and will continually add more to suit community.
Join #ICOFORMICROINVESTING on
January 15 – February 15, 2018 here:
https://t.co/Ew8C5BEfLX
Sign up and get your referral link. Share it with your friends and families and get 10% referral bonus from your invites and users you invited will have 5% free bonus tokens. It’s a win-win situation. Shortlist yourself and be one of the airdrop recipients and get special discount as early adopters.
Be an early bird, pick up the SKRAPS and get investing!
For more details please note the following important links:
Official website: http://ico.skraps.io/#
Token Sale: https://skraps.typeform.com/to/S7LlFO
SKRAPS Whitepaper: http://ico.skraps.io/SKRAPS_White_Paper.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=2520387.0
SKRAPS
Invest your Cryptocurrency Change into Diversified Cryptocurrency Portfolios