Skratch is a decentralized marketplace protocol that unlocks the hidden revenue of music websites.

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What is Skratch?

Skratch is a decentralized marketplace protocol that connects music sites, artists, and listeners together--allowing them to securely trade products for Skratch tokens through trustless transactions governed by smart contracts.

Sound complicated? It’s easier than you think: Skratch is a digital token (cryptocurrency) that you can use to buy and sell music-related products, media, and services from other Skratch users. Through the smart contract process (and with the security of block chain) your transaction is safer (and more direct) than ever before.

How Skratch Works

Skratch tokens give users across the global music economy the ability to securely and directly transact with each other on message boards, forums, social media & chat applications. Through Skratch’s secure smart contracts, users can comfortably enter into transactions without the need for a third party. Even better, with Skratch, hosting sites have an opportunity to access hidden revenue on their forums, message boards, and social pages. Initially, Skratch will be used as a form of payment on UndergroundHipHop.com. With Skratch, you can purchase vinyl records, CDs, merchandise from your favorite artists, even DJ equipment. From there, Skratch will expand so users can trade tokens on the open market.

How Skratch works

Skratch will be used on a number of host sites (like UndergroundHipHop.com). A buyer (let’s say a rapper) and a seller (let’s say a producer) enter into a Smart Contract, where the buyer agrees to pay the seller for their product (in this case, a track that the producer created.) Once the seller uploads the product (the track) and the buyer approves that the product is what he’s looking for, the buyer’s Skratch tokens will be released to the seller. The product (the beat) is then released to the buyer. This secure transaction model ensures both parties are protected, and that everyone is happy at the end of the day.

  • Team
  • Marketing Strategy
  • White Paper Highlights
  • Financial Model
  • Team
  • Marketing Strategy
  • White Paper Highlights
  • Financial Model

Token Allocations

As you’ll see below, and as we’ve outlined in the White Paper, Skratch tokens already have a planned allocation strategy, including over two million tokens for sale. For more information about the allocation, read our White Paper or refer to our FAQ’s page.

  • 4,000,000

    Created for Sale

    50% of total tokens

  • 3,200,000

    Created and Retained for the Community

    40% of total tokens

  • 800,000

    Retained for the Team

    10% of total tokens

Timeline & Roadmap

  • 2017

    October 31st

    Launch of Website - We launched Skratch in a subdirectory on the UGHH website in support of visibility of the token sale.

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  • December 30th

    Launch of Pre-sale - We’re making the presale available to all accredited investors and promoting it through paid, Owned and Earned Media channels.

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  • March 1st

    Launch of Public Token Sale - We’ll open the public token sale to non-US participants only.

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  • March 1st

    Hiring of Staff - We’ll begin the process of building a best-in-class development team and business development staff.

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  • 2018

    March 1st

    Close of Pre-sale - The pre-sale will close and we will begin promoting the open sale internationally.

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  • March 1st - April 30th

    Development of Discourse and BuddyPress plugins and mobile app for UGHH.com - The UGHH site is moving to Discourse and BuddyPress so the first series of plugins we’ll create will be on the platform. We’ll also prepare the iOS and Android apps.

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  • March 1st – June 30th

    Message Board plugin Build & Business Development - The team will be hard at work on the first release of the plugin while the business development team builds partnerships and marketing continues to build the UGHH and Skratch brands.

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  • March 30th

    Close of Public Token Sale - The public token sale is over at 11:59 PM EST.

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  • April 20th

    Issuance of Tokens - Tokens will be issued the day before Record Store Day so users can use them toward discounted purchases on UGHH.

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  • May 1st – June 30th

    Alpha Testing on UGHH.com & Browser Extension Build - The development team will build the Chrome extension.

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  • July 1st – August 31st

    Beta Launch on UndergroundHipHop.com - We’ll push the bbPress and BuddyPress plugins live and begin marketing efforts to get users onboard.

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  • September 1st – 30th

    Beta Testing on Partner sites - The beta release to early partners that are interested in placing their sites on the Skratch network.

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  • October 1st - December 31st

    Feedback Collection and Subsequent Releases.

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  • October 1st

    First Release - The first public release of the Skratch SDK, Chrome Extension and the top ten plugins.

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  • December 1st

    Token Submission on Marketplaces - We’ll submit for inclusion on exchanges to allow people to trade Tokens.

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  • 2019

    Release of Skratch Blockchain. Expansion into Fashion and Technology Verticals - We will launch our own blockchain with a more secure fork of Solidity. The remaining plugins and new oracles in support of fashion and technology transactions.

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  • 2020

    All Vertical expansion - We will continue releases and identify more oracles in support of transactions from all verticals.

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Have a question? Refer to our FAQ

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