About the project Skraps is a platform that was created for micro-investing by letting investors round off their transactions in the digital currencies of their choice based on their risk tolerance. Spare change that remains from a transaction will be stored in a portfolio of cryptocurrencies which will be managed by professional managers to ensure that the investments get the best returns. SKRAP token SKRP is the native token for the Skraps platform and it is used to pay the transaction fees and the consulting fees for portfolio managers. Roadmap The developers at Skraps have in plan to make a
About the project
Skraps is a platform that was created for micro-investing by letting investors round off their transactions in the digital currencies of their choice based on their risk tolerance. Spare change that remains from a transaction will be stored in a portfolio of cryptocurrencies which will be managed by professional managers to ensure that the investments get the best returns.
SKRAP token
SKRP is the native token for the Skraps platform and it is used to pay the transaction fees and the consulting fees for portfolio managers.
Roadmap
The developers at Skraps have in plan to make a desktop app for the platform, the beta version scheduled to appear in April 2018. After the desktop app has been stabilized, they will create a version of the app compatible with mobile devices. The final version of both apps will be released to the general public in June 2018.
After the release, the project will be under open source governance by the community.
The Skraps team and founders
Skraps is backed up by a team which consists of skilled individuals, that have years of experience in blockchain technology, finance and marketing.
Kal Mokhtar, the co-founder, has been involved and founded other successful projects. Mohmed Effat, the other co-founder, is a financial analyst that has years in the finance domain.
ICO details
Skraps will use the funds that will be raised from the ICO to improve the current platform and marketing to attract new users.
Half of the funds will go to development, 30% will go to marketing and the rest of the funds will be distributed to paying the team (advisors, developers, etc.), portfolio managers, legal fees and exchange fees.
Skraps has already succeeded in reaching their softcap of $1 m in mere hours of opening sale. Their hardcap is set to $21,450,000.
SKRP tokens can be bought by using Bitcoin, Ethereum, Litecoin, Ripple, Dash and Bitcoin Cash. Because cryptocurrencies are so volatile, the prices have been fixed to USD as follows:
- Week 1: $0.30
- Week 2: $0.35
- Week 3: $0.40
- Week 4: $0.45
Distribution, initial rate, and token exchange
| SKRP Tokens Base Rate
Official Timezone |
$0.45
Pacific Standard Time (PST)
GMT -8 |
| Early Bird Sale
January 14, 2018 00:00
January 15, 2018, 00:00 |
$0.27
· Minimum purchase – $50 USD
· Effective Bonus 67% |
| Round 1
January 15, 2018 00:00
January 22, 2018, 00:0 |
$0.30
· Minimum purchase – $50 USD
· Effective Bonus 50% |
| Round 2
January 22, 2018, 00:00
January 29, 2018, 00:00 |
$0.35
· Minimum purchase – $50 USD
· Effective Bonus 28.5% |
| Round 3
January 29, 2018, 00:00
February 5, 2018, 00:00 |
$0.40
· Minimum purchase – $50 USD
· Effective Bonus 12.5% |
| Round 4
February 5, 2018, 00:00
February 15, 2018, 23:59 |
$0.45
· Minimum purchase – $50 USD
· 0% (No Bonus) |
Conclusion
Skraps is an investment platform that will allow all users to make investments with cryptocurrencies in just a few clicks. The token sell will not only benefit the platform financially; it will also increase its popularity in the world of online investments.
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.