Written by Dimitry Chesnokov

Business Development,  ICO Alert. Ex Wall Street Currency broker. Cryptocurrency enthusiast.
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February 15 2018

Skara (SKRT) — ICO Alert Report

Skara (SKRT) — ICO Alert Report

What is Skara?

SKARA The Blade Remains is an award-winning video game studio based in London and Barcelona, whose founding members have been working as third party developers for some of the biggest blockbusters in the industry for over 20 years, titles such as Forza, Borderlands, For Honor, and many more.
For the last five years, SKARA has been specializing in competitive free-to-play video games and working on developing its own franchise of video games based on a fantasy post-apocalyptic world called SKARA The Blade Remains. This franchise, which emulated the Blizzard ecosystem, has been entirely developed with the help of its 350,000+ early adopters and includes single player, multiplayer games, and card games; for PC, console. and mobile phones. We even released the first novel about the SKARA universe last week that was distributed by Planeta and we are currently in conversations about TV rights.
— Cesar Ortega-Domene, Founder and CFO

ICO Alert Quick Facts

  1. An eSports platform with a crypto economy
  2. 1 ETH = 1,000 SKRT tokens
  3. Pre-ICO: January 23, 2018 — February 8, 2018; ICO: February 8, 2018 — February 23, 2018
  4. 14,000,000 total available / 20,000,000 total supply
  5. A community with 350,000 registered players

Q&A Cesar Ortega, Founder and CFO

ICO Alert: How does the Skara token (SKRT) function within the platform and why is it needed? Can it be converted back to fiat?

Ortega: Our cryptocurrency the SKRT will also be used by players to purchase in-game assets, which will be tradable inside of the game and in the secondary market outside of the game. SKRT will also be used to participate in tournaments and, finally, to bet online on big tournaments.

ICO Alert: How does the blockchain technology benefit the main challenges of the eSports industry?

Ortega: Competitive gaming is a growing market, more people watched the League of Legends finals last year than the Superbowl, however, professional players can’t afford to make a living out of gaming due to the limited number of sponsors. SKARA has developed an ERC20 token that will revolutionize the eSports compensation system by rewarding skilled players via our own cryptocurrency, the SKRT.
The blockchain technology will allow gamers to have real ownership of their assets while increasing transparency and security in the gaming industry. We are firm believers that the blockchain technology and the gaming industry are made for each other and we want to be the pioneers.

ICO Alert: What is your current user base of players? What is your strategy to grow the community?

Ortega: 350,000 existing users with a zero marketing budget, viral. We are planning lots of marketing activities from a Youtube/Twitch campaign, to global tournaments with SKRT as price, and a new high production cinematic trailer coming soon!

ICO Alert: What makes Skara gameplay unique compared to other RPG games in the same realm?

Ortega: Our team mechanics, including combo attacks and combining special skills, are quite unique, making SKARA the perfect blend between an RPG and an eSports game

ICO Alert: Steam offers a comprehensive community marketplace. Do you have any plans on integrating SKRT tokens with Steam’s marketplace?

Ortega: No, we are planning to create our own one as Wax or Enjin have done since the STEAM marketplace doesn’t allow players to take their earnings out of the system. That is the beauty of having our own cryptocurrency

ICO Alert: One of the main segments of the eSports community are tournaments. What kind of ranking and tournament structures will Skara offer? How will the SKRT token be integrated in those events?

Ortega: We are organizing a full program for H2 2018 and 2019, including first and second division leagues by countries starting in Europe and expanding after. There will be a system of drafts and top teams will be partially sponsored by SKARA through SKRT. We are also organizing bigger special tournaments with SKRT as prizes which sometimes will require SKRT to participate. A full plate!

ICO Alert: Streaming communities like Twitch play a big role in eSports. Which streaming platform are you planning to use? Are there any partnerships you would like to announce?

Ortega: We have already been using the biggest out there, Twitch, as you mentioned and YouTube Live, we will continue using those.

ICO Alert: How far along is the project today and when can contributors expect the final version of the game? What does the roadmap look like for 2018?

Ortega: The game will be released Thursday, February 15! And we will be hopefully updating it for years as other successful free-to-play games do. By the end of 2018, we will add a few extra characters and arenas, together with plenty of extra equipment of course, but also our betting platform.

ICO Alert: As a non-Skara question, we like to ask for unique predictions for the ICO and cryptocurrency space in the future. Where do you see both in the next 3–5 years?

Ortega: The ICO market reminds me of the crowdfunding industry a few years ago when Kickstarter launched, at the beginning almost all the projects would get funded but massive competition and a few scams polarized the market towards famous founders with deep pockets, I believe the ICO market is reaching that point in which discoverability is a big issue and will only get worse. Besides you have the regulation factor and the need to protect investors so I have to say that future looks very bleak for me.
Crypto will be fine, but I believe there will be a lot of consolidation in the space, and SKRT will definitely be one of the winners!

PRE-ICO Information
The Pre-ICO took place on January 23, 2018 and finished on February 8. A maximum of €5 million was sold during the Pre-ICO. All tokens sold in the Pre-ICO are subject to a minimum lockup of three months.

Bonus structure depends on amount contributed:

ICO Information
The main ICO began on February 8, 2018 and will end on February 23, 2018. There are a total of 14,000,000 Skara tokens (SKRT) available during the ICO, representing 70% of the total SKRT supply. A hard cap is set at €10,000,000.

1 ETH = 1,000 SKRT tokens

Currently Skara only accepts Ether.

Skara is an ERC20 token, so it’s important that contributors use ERC20 compatible wallets to send funds to the ICO smart contract, and to receive the Skara tokens.

Contributors can use the following link to acquire tokens: https://www.skaratoken.com/contributors. No registration is needed. Investors will have their tokens distributed shortly after the end of the ICO

Shares for the SKARA team and those for advisors will be vested for a period of three years.

Token Distribution Information
There are a total 20,000,000 SKRT tokens being created, with 14,000,000 available during the sale.

  • 3 million Game Development & Marketing
  • 2 million Co-Founders & Team
  • 600,000 Advisors
  • 400,000 Bounty Program

Use of Crowsale Proceeds
50% of the proceeds will be used for R&D including the blockchain implementation, creating our tournaments and betting platform. They estimate this cost to vary between €1 million to €5 million.

35% will be used for marketing to grow their already existing community.

10% of the proceeds will be used for operations in order to continue the development of the SKARA Universe by adding a single player mode and a mobile companion app.

5% will be spent on administrative and legal costs.

Roadmap

Team

Social Media
Facebook
Medium
Twitter
Telegram
BitcoinTalk [ANN]
Github

View the Skara website here.

View the only comprehensive list of active and upcoming Initial Coin Offerings (ICOs) here.

References
1. Skara Website, Skara (2018)
https://www.skaratoken.com/
2. Skara Whitepaper, Skara (2018)
https://docs.wixstatic.com/ugd/e0e429_4f83cebc55f74e54890354d2f2d99644.pdf

Topics: Tech, ICO, Cryptocurrency, Gaming, Esports