SKRAPS — Project ReviewEveryday when you wake up, you’re tuned to change your life in a better way, right? Investments is one of the things that should make you life easier and attractive. Most of us think about it but just few people are really starting to invest and change their lives. That’s because people are afraid of changes subconsciously. Doesn’t matter how bad are they now, when you’re offering changes, they start thinking in the following way: “What if nothing happens and my situation become even worse than it is now?”.
With such mindset we aren’t notice opportunities and entire beauty of life, so we need to start from small changes and go further — that is proposition of SKRAPS. They’re offering you to become an investor starting from extremely small amount (micro investing) so it’ll not be critical to loose these small amounts and of course you’ll be happy if your investments will increase. Let’s have a look what did we found about this project in the internet.
As usual, we start from ratings of the project, taken from the internet and it’s common ICO details. SKRAPS has been mentioned at 4 ICO rating websites, but grades has been placed only by two of them — ICObench and TrackICO
SKRAPS Overview
We’ll continue our review with project features and will try to detect real world value of it. So let’s start from features of SKRAPS, declared in their Whitepaper:
Easy-to-Invest. No need to care about investment’s process manually. All you need is to link your crypto wallet to your SKRAPS account and set up desired round off amount and choose one of the offered portfolio types. For fiat transactions round off will be next full amount, for crypto it should be settled up in decimal places
Low cognitive load. Customers don’t need to decide where exactly to invest or conduct any analysis of the projects. All this will be done by SKRAPS platform. All you need is to choose type portfolio (e.g. from Conservative (with low risks and returns) to Aggressive (higher risks and returns))
Create your own portfolio. If you’re good with trading, you can provide your own portfolio to the platform and make it public. If it’ll be successful, you’ll get a lot followers and SKRAPS will pay you service fee for you genius.
No requirements for investors. That’s very great feature on our opinion. As cryptoworld has been built on principals of anonymity it’s great that SKRAPS doesn’t ask you from where your money, why do you want to invest and other annoying questions. All needed is signup and set your preferences.
Security. 2Factor-Authentication will be implemented in the project and all members will be notified if any suspicious activity will be detected.
Market Overview
Micro investments market is not big and in terms of cryptocurrencies, SKRAPS will be pioneer. In terms of fiat money there’re there established and working companies providing its clients with spare change investments:
Acorns. Financial company allowing individuals to round up purchases and invest the change. Founded in 2012 and for now has more than 2 million investment accounts.
Stash. It’s an American fintech startup offering a mobile app with micro-investing services. It designed to simplify investing process and make it more accessible.
Clink. It’s an app with a focus on making investing simple for millennials by providing micro-investments functionality.
So, as you can see, cryptomarket is free now and it gives huge competitive advantage for SKRAPS to become largest micro-investing provider in the market.
ICOguru opinion
General conclusion
After reading this you can understand that nothing revolutionary has been invented. SKRAPS just going to implement existing concept of micro-investing to the cryptocurrencies field. We think that it’s pretty nice approach to use existing knowledge base within new field, so product should be successful because, according to researches, 85% of millennials are going to invest in cryptocurrencies until the end of 2018, so there will be huge userbase and surely, they’ll want to invest their money to make more money — it’s general desire for anyone in the world.
About MVP
For now, project doesn’t have an MVP released and first closed alpha will be announced in March’18 (for whitelisted members). That’s not good, but according to their roadmap, public release will be very and in June’18 everyone will have an access to the platform.
About token
Tokens used here as an instrument of operational liquidity and providing an ability to the customer not to link their wallets to the platform, but simply buy this tokens to participate.
So, ICOguru recommends this project not in terms of speculative investments but as an entire product with an attractive opportunities to take of your future using small amounts for daily investments. You’ll even not notice these investments, but after 5–10 years you’ll be happy that you did it, when you’ll see your current balance.
Think about it like tips for yourself. Even with conservative portfolio, you’ll be able to make 5–10% annually. So each cup of coffee will make you rich in future!
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