Scruge (BIDL)

Next-Generation Crowdfunding Platform

Review Score
ICO Price
0.012 USD
Pre ICO Price
0.006 USD
Soft Cap
120,000 USD
Hard Cap
240,000 USD
Pre ICO Start Date
1 April 2019
Pre ICO End Date
30 May 2019
Start Date
1 September 2019
End Date
31 October 2019

What is 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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