Home Ico Review Scruge ICO Review : Next-Generation Crowdfunding Platform

Scruge ICO Review : Next-Generation Crowdfunding Platform

-

Disclaimer

The Information Provided On This Website Does Not Constitute Investment Advice, Financial Advice, Trading Advice, Or Any Other Sort Of Advice And You Should Not Treat Any Of The Website’s Content As Such. Coinworldstory Does Not Recommend That Any Cryptocurrency Should Be Bought, Sold, Or Held By You. Do Conduct Your Own Due Diligence And Consult Your Financial Advisor Before Making Any Investment Decisions.Coinworldstory Will Strive To Ensure Accuracy Of Information Listed On This Website Although It Will Not Hold Any Responsibility For Any Missing Or Wrong Information.

- Advertisement -Ledger Nano X - The secure hardware wallet

About Scruge 

Scruge is a crowdfunding application for smartphones. It acts as a bridge to the BIDLing
economy. Designed as a mainstream app, it provides a friendly user interface to interact with cryptocurrencies, participate in tokenised crowdfunding and connect with crypto peers.
Essentially, Scruge performs three functions: cryptocurrency wallet, crowdfunding marketplace and a bounty marketplace.

Basic Information

Token NameScruge
Token SymbolBIDL
Social MediaScruge ICO Review : Next-Generation Crowdfunding PlatformScruge ICO Review : Next-Generation Crowdfunding PlatformScruge ICO Review : Next-Generation Crowdfunding Platform
Soft cap120,000 USD
Hard cap240,000 USD
Token for sale20,000,000 BIDL
CountryRussia
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

Token sale protocol

Developing a decentralised project requires an understanding of distributed systems,
software development, economics, cryptography and many other things. Often a liquid
cryptocurrency is needed for a decentralised application to work. As a result of these
challenges and increased barriers to entry, before being able to deploy decentralised
applications, crypto founders have to raise external capital, whether it’s an ICO, angels or
venture capital. Crowdfunding mechanisms, such as Initial Coin Offerings, are great for attracting both users and capital.

Commitment phase

The amount of time that campaign is active for new commitments to be made. Maximum duration is 60 days. Campaign finishes only when the duration is passed. It’s a minimum amount of money that founders consider enough for them to develop the product. Unless the soft cap is reached within the duration, a campaign is considered unsuccessful and all commitments are returned. It’s a maximum amount of money that founders are raising. The campaign continues even when a hard cap is reached until the duration of the campaign is over.

Features

Milestone

This is the most interesting phase, which gives investors protection. When distribution
phase ends, the first portion of funds, specified by the founders, is released immediately, and the rest gets locked in stable cryptocurrency. After that, at each specified milestone, investors vote whether to release next portion of funds. If the majority agrees, then the funds are released, and otherwise, investors are refunded with the remaining money. Three months have passed, founders have constantly been updating investors, so investors vote to release next 20% of funds.

Economics

An economy is a system in which agents organise scarce resources to produce services.
Let’s boil it down and define who are the agents, what resources are utilised, and what services are offered within system. a decentralised protocol for a fraud-resistant tokenised crowdfunding. BIDLing Economy is a system in which investors, founders and HODLers utilise EOS blockchain, financial and human capital to provide a decentralised protocol for a fraudresistant tokenised crowdfunding.

Stability

As mentioned previously, have a stable cryptocurrency within economy. The exact mechanics will be released in later versions of the white paper when will be approaching ICO. In this section, address the main problems and concerns with having a decentralised stable cryptocurrency. decided to limit free capital movement to ensure stability. Since BIDLing Economy is about entrepreneurship and creating new ventures, stable cryptocurrency will be only available in the escrow. As for main cryptocurrency BIDL, it’ll be volatile and freely traded.

Sustainability model

Voluntary

People provide donations to cover the costs of the system. The problem with this approach is the well-known free-rider problem, in which the public good is underfunded due to the lack of incentives for single individuals.

Involuntary

These are the taxes in its broadest sense. For example, paying for the new smartphone can be considered as a one-time tax, the Internet subscription can be viewed as a continuous tax.

Governance

Nothing is perfect. Every project, however good it can be at a given point in time, has a
risk of becoming outdated. To ensure efficiency and viability in the long run, the system should be able to sustain and upgrade itself. Maintaining a system is a deterministic process and can be set up and hard-coded into the protocol itself. Improving the system is a bit trickier. It requires an evaluation of new proposals, its acceptance and execution. The openness of decentralised protocols implies that malicious actors may use governance to bring down the system and somehow profit from it.

Video

Team

Member

Dmitry Morozov Founder

Sergey Moskalenko System Architect

Yaroslav Erohin Lead Developer

Also Read – Click Here for Read All ICO Review

Quote This article is writing on 16 July 2019 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258

Disclaimer:

Not all the websites Whi listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid much losing online.

- Advertisement -
Loading...

LIVE EXCHANGE DATA

#NameVolume (24H)CoinsTrading PairsAlexa RankBitcoin PriceOfficial Website

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.

- Advertisment -

PRESS RELEASE

MinedBlock Take Centre Stage as their Initial Exchange Offering (IEO) Goes...

In the congested and somewhat complex arena of blockchain technology lays a singularly unique company, built around the fundamental foundations from which crypto is...
#NamePriceChanges 24H Volume 24H

Top Gainer

NamePriceChanges 24H
(PBT)
PRIMALBASE
$8,551.2671.50%
(UQC)
UQUID COIN
$0.115247.12%
(IMGC)
IMAGECASH
$0.185044.23%
(HC)
HYPERCASH
$2.70042.17%
(AIT)
AICHAIN
$0.0029735.64%

Top Losser

NamePriceChanges 24H
(DAT)
DATUM
$0.00117-44.83%
(CBIX)
CUBIEX
$0.0134-32.34%
(PAT)
PATRON
$0.00163-21.84%
(LQD)
LIQUIDITY NETWORK
$0.0336-18.79%
(PLTC)
PLATONCOIN
$0.0572-18.14%

Latest Crypto News

What Kind Of Punishment Will The Bitfinex, Which Is About To Go To Court

On July 22, Us Local Time, The Office Of The Attorney General Of New York Issued A Certificate To Usdt Issuer Tether And Its...

A Brazilian City Fortaleza Will Accept Bitcoin For Public Transport

On July 25, It Was Reported That Users Of The Public Transport System In The Brazilian City, Fortaleza, Capital Of The State Of Ceará,...

Coinbase Earn Users Can Now Earn $ 14 In Dai For Learning About Maker Cdp

Although Coinbase Introduced The Idea Of ​​"Earning Dai While They Learn" On June 10, At That Time, Coinbase Earn Only Offered Three Basic Lessons...