Skraps’ Initial Coin Offering

About Skraps

Skraps is an investment platform that enables users to round off their cryptocurrency transactions and invest the spare change in a portfolio of digital currencies of their choice. These portfolios will be developed by professional managers which will see that the best returns will result from the users’ investments.

The SKRAP token is used on the investment platform to pay for transaction fees and the professional services of the portfolio managers.

The Roadmap

One of the first things that Skrap has on its agenda is to create a desktop app for the platform, with a beta version planned to be ready in April 2018. After the desktop app is stable, a mobile app is to be developed. The final versions of the desktop and mobile app will be available to the public in June 2018.

The project will then be under an open source governance process, in which the online community of developers will contribute.

The Skraps Team

The team behind the Skrap project is composed of experienced individuals in blockchain technology, marketing, and finance.

Kal Mokhtar, one of the founders, has contributed to other successful projects, while Mohamed Effat has worked as a financial analyst in several companies in the finance department. Both of the co-founders have bachelor degrees in Business Administration.

ICO Structure

The finances that will result from the ICO campaign will be allocated to the development of the platform and marketing strategy.

The number of SKRAP tokens that will be issued is a total of 110 mm. These tokens will be distributed accordingly: 66 mm will be used in the token sale, 11 mm to founder and advisors/team, 5.5 mm tokens will go into Marketing and Bounty programs, and 16.5 mm tokens will be held for future token issue. Tokens that are not sold will be burned.

Skraps has already raised $1m in just a few hours of opening sale. The softcap of $1m has already been reached, and the hardcap is $21,450,000.

SKRP can be purchased by using BTC, LTC, ETH, Dash, Ripple and Bitcoin Cash. Due to cryptocurrency volatility, the prices have been set to USD accordingly:

Week 1: $0.30

Week 2: $0.35

Week 3: $0.40

Week 4: $0.45

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, 00:00

$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

The Skraps project brings together micro-investing and cryptocurrencies in a way that it is simple and accessible to everyone, and this ICO will help the platform get into its final developmental stages.

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