Skraps - invest your change of reserve in diversified portfolios of cryptocurrencies

Introduction
Everyone knows that it is good to start investing. But very few people really invest. The reasons include lack of knowledge about investment and cognitive burdens when making a series of decisions about the amount of investment, where to invest and when to invest. According to this survey, 40% of millennia feel they do not have enough money to start investing in the stock market and believe that a lot of money is needed to start. Many Fintech companies have tried to simplify investments and reduce the investment process. Robotic consultants such as Wealthfront and Betterment allow users to start investing in just a few clicks. Going one step further,
With recent crypto growths such as Bitcoin and Ethereum, many people have invested in cryptography. Some famous investors such as Fred Wilson [2] and Chamath [3] have stated that one must have at least 1% of their portfolio invested in cryptography. This has led to the emergence of Meteoric Bitcoin and other crypto tokens (Figure 1) in recent months attracting more investors to this asset class.

Micro Investment

Connect your wallet ➤ Connect your cryptocurrency wallets and debit / credit cards.
Make a Purchase ➤ Spend like normal. You can determine which purchases to round up and by how much.
Invest your Scraps ➤ Then, your spare change is invested in portfolios based on your risk aversion.

Bookmarks and community

Portfolios of users on the Skraps platform will be classified in the classification. Other users can only partially see this portfolio in a leaderboard, but they must pay the Skraps token to see the entire portfolio. A portion of this fee will be paid to the owner of the portfolio and part will be paid to SKRAPS. Once fees are paid, users can copy this portfolio into the leaderboards for their own benefit.

For users who are continuously ranked at the top of the leaderboard, there will be additional rewards. So, for every week that a user is in the Top 10, he will receive some Skraps tokens. This will encourage cryptoexpert users to join the platform and improve the quality of the portfolios available to users. It will also create a healthy social dimension for the platform by encouraging competition among users to appear in the ranking.

SECURITY

All user data is protected with 256-bit encryption and is never stored on your devices. The tranquility of the client is our highest priority. At Skraps, we work hard to protect the information of users, prevent unauthorized access to the account and notify them of any unusual activity.

INTELLIGENT INVESTMENT

The transaction costs imposed by public blocks must be carefully managed so that users obtain the best value for their investment. Frontend locks will have the ability to perform "smart shipping" when operating costs are low. Weekends, for example, are known as the right time to send funds. Because each transaction must be signed by the user when providing their key, the signature of the actual transaction can only occur when they have opened the application. To achieve the lowest transaction cost for the user's investment, we have found a "smart delivery" mechanism

The application will ask the user to 'send funds' when you open the application. But the funds will not really be delivered. We will store the signed transaction in the back-end and the back-end system will send the signed transaction at the optimum time. In this way, the SKRAP server will not save the private key. Only signed transactions will be temporarily stored for delivery when the cost is more effective

Changes and cryptographic conversions The Skraps wallet will connect to three different exchanges (Kraken, Poloniex, cex.io) through API frontend to buy ethereum (if the user has Fiat) in the most optimal exchange. Then you can use Etherscan to buy the target cryptocurrency using the shapeshift.io API. Skraps wallet will be integrated with Shapeshift to allow real-time conversion of one encryption token to another:

The tokens will help the growth of the platform, since the first investors can buy tokens at a lower price and act as evangelists so that they increasingly enter the Skraps platform. As more and more people join the Skraps platform, the price of the token will increase. This would help the first investors to get good returns on their investment. The token problem helps solve the cold start problem that affects most platforms. As more people join the Skraps platform, we can offer them services at lower transaction rates. (The same concept that larger mutual funds may charge lower transaction fees since their fixed costs are distributed among a larger number of clients).
The SKRAPS token will be used to pay portfolio managers on the platform. This would ensure that the incentives of the portfolio managers are aligned with those of the Skraps platform. As portfolio managers are paid chips, they will benefit if the chips increase in value. If portfolio managers can generate good returns, more customers will be attracted to Skraps to invest, which will increase the demand of the token and this will be its price. This is beneficial for both portfolio managers and the platform.
The sale of tokens (sale of tokens) is a good way to generate an initial investment that can finance the development and early marketing of the product.

TOKEN SALE

The total amount of SKRAPS tokens that will ever be created is 110 million. Of these 66 million will be available as part of the sale of tokens in Token Sale and whitelist. They will reserve 11 million chips each for founders and advisors / team. 5.5 million tokens will be reserved for spending on Marketing and Bounty programs. 16.5 million tokens will not be issued at the time of the sale of tokens and will be reserved for a future token problem. All unsold tokens will be distributed to tile holders proportionally.