Before we proceed to our main discussion, I would like to clear the minds of readers from a misconception that has served as a bane of their zeal to invest into their lives. People think that investment or investing into a venture is a gamble. Many are so afraid of the unknown which in actual sense does not exist. Investment is not an idle boast, go through the archives of others and you can count the massive profits you've missed just because you've held on to a misconception.
With the early rise in significance of cryptocurrencies and crypto assets such as Bitcoin, Ethereum, Litecoin and the like, many people have chosen to invest in anything crypto. However, it requires carefulness and some technicalities in order not to venture into a pum-and-dump crypto business.
With this knowledge at hand, the SKRAPS team has taken upon its shoulders to make investing into cryptocurrencies a simple and lively one.
The main idea behind the SKRAPS project is simple yet innovative one intended to help people invest their spare change cryptocurrencis or fiat money after each transaction they make. The spare changes are then invested in a risk-adjusted portfolios depending on the risk taken personality of the user. However, the portfolio are managed by experienced and professional portfolio managers thereby ensuring best returns on investments.
As the old adage goes, "little drops of water makes a mighty ocean", the little amount of spare changes when put together over period of time makes a massive amount. Aside the accumulation of these small amounts, if they grow at a certain rate over a time also turns out to give an exponential returns. For example, if John invest his spare change at a rate of $20 per week, in 5 years time, his investment will mature to $5746 and in 20 years, $34,388 assuming a 5% average growth rate per annum.
As it stands now, there is one primary factor which we cannot do without when it comes to investment, and that is the factor of 'TIME'. Time plays a crucial role in investment and it goes by the principle, "the earlier the better, the longer your investment time, the bigger the returns". Many people are of the mind that investment is for the aged or for a particular age group (say 30years to 50years). There is no point in this. The earlier you start investing in your life, the better.
SKRAPS uses the power of compounding to make investment simple by allowing users to invest their spare changes after making each transaction. For example, if a phone costs 1.202BTC, a buyer might decide to run of the price to 1.210BTC. With this, the remaining 0.008BTC would be automatically invested in the SKRAPS platform after a client has connected his wallet and chosen a portfolio based on his risk taken taste.
In more simple terms, the benefits of the ideology of SKRAPS stems from the following points:
- SKRAPS platform helps people to invest in cryptocurrency in a very simple and easy way and makes it less burdensome as people do not really feel the cognitive burden when investing small amounts such as spare changes.
- SKRAPS platform in its well-designed model will save people the hustle of staying up all time monitoring the upswings and downswings of tokens. Due to the volatility of tokens or cryptocurrencies, some people unfortunately buy at upswings and sell at downswings leaving them the fate of loss.
- As the internet grows in significance each day, it does so with cryptocurrencies. Cryptocurrency, irrespective of how you see it, is the future. Hence, it is the belief of SKRAPS that as more transactions are upcoming, each person can be a holder and invest in cryptocurrencies in a more simple and easy way.
The token for SKRAPS is the SKRAPS Token with the symbol, SKRP. The would be used as the fee to pay monthly charges on the platform - 1 SKRP per month irrespective of the amount invested. Also, the SKRAPS Token would be used as the payment tokens for the portfolio managers in order for them to deliver the best of their skills and experience.
A total number of 110million SKRAPS Token would be created with 66million of it available for token sale in ICO and whitelist. 11million tokens each for founders and advisors/team. 5.5million tokens will be reserved for spending in Marketing and Bounty programs. 16.5million would be reserved for future issue. All unsold tokens would be burnt.
The ICO is already running with SKRAPS witnessing a huge number of sales. Each stage of the ICO experienced a complete sales of the tokens issued.
Join the ICO sales now, purchase SKRAPS Token with your BTC, ETH, Dash, Ripple, and Bitcoin Cash.
Don't wait till is too late. Be a holder of SKRAPS Token now.
Follow this links for more information about this amazing finance shaper project.
WEBSITE
WHITEPAPER
ANN THREAD
