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Scruge

Next-Generation Crowdfunding Platform

Scruge is a DAO for tokenised crowdfunding. Using a decentralised stable cryptocurrency and governance by prediction markets, we bring a transparent and decentralised mechanism for conducting crowd sales.

3.0
2 1 expert rating
Benchy 3.0
KYC
Experts
3.0
3.0
3.0
Review: coming soon PRO

Ended
Token
BIDL
Type
Price in preICO
1 BIDL = 0.006 USD
Price in ICO
0.0120 USD
Country
Whitelist/KYC
KYC
Restricted areas
USA
preICO start
1st Apr 2019
preICO end
30th May 2019
ICO start
1st Sep 2019
ICO end
31st Oct 2019
Visit ICO website
Report

About Scruge

How Scruge works?

1. Before the campaign, founders publish a roadmap, describing timeline and share of overall funding they require at each stage.
2. After the finish of a successful campaign, raised money gets locked in stable cryptocurrency in smart contract on the blockchain
3. When the deadline for milestone approaches, founders present evidence and report on their progress
4. Funders vote whether to release next portion of funds
5. If the majority of investors vote to release funds, then funds are released, and the project continues. If the majority votes no, then unspent money stored in smart contract get returned to funders.
6. Repeat steps 3-5 until all milestones have passed, or money has been returned at some point.

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ICO KYC Report
Not conducted yet
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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