Skraps essentially works like Acorns but for fiat and crypto-currency purchases. Users can invest their cryptocurrency or fiat spare change with Skraps platform to earn the rewards of consistent investing. For investing cryptocurrencies, a user will need to link his crypto-currency wallets to the Skraps platform. Whenever a user will make a purchase or do a transaction, a round off amount will be invested in the Skraps portfolio. The user can select the type of portfolio he wants to invest in based on his risk tolerance.
Thus, as users keep investing in the Skraps platform, their cryptocurrency investments will increase in value. The investment happens with each transaction, so there is no mental overload to decide where to invest and how much. Our commitment is to make investing very simple and intuitive so that everyone can benefit from the returns of disciplined investing.
Skraps platform will initially offer 5 different portfolios:
- Moderately Conservative
- Moderately Aggressive
There will also be a Leaderboard feature so users can post their high performing portfolios for other users to copy from.