Scruge is a DAO for tokenised crowdfunding. Scruge ICO rating – not rated.
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PRE ICO Dates : 01/04/19 – 30/05/19
About Scruge ICO (token sale)
Scruge ICO 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 ICO performs three functions: cryptocurrency wallet, crowdfunding marketplace and a bounty marketplace.
Cryptocurrency wallet allows users to store cryptocurrencies safely, make transactions and exchange between different tokens. With best security practices in mind, private keys are encrypted with asymmetric cryptography, stored in local enclave and never exposed when making transactions.
Crowdfunding marketplace connects founders and investors. Founders can upload information about their projects and upcoming fundraising details, which investors can easily check from their apps. Scruge ICO also allows investors to interact with campaigns they invested and control how funding is being used.
Bounty marketplace allows founders to advertise their projects and bootstrap token economies by listing simple promotional tasks for people to complete in reward for tokens.
Scruge ICO is designed as a compromise between highly secure and incorruptible blockchain software with more traditional high-performance centralised architecture. Scruge ICO uses a principles-based system to ensure that critical elements of the application, such as cryptocurrency transactions and voting, are carried out directly on blockchain without reliance on centralised architecture or interference of any third-party intermediaries.
To sum up, we think that Scruge ICO is a vital addition to the BIDLing economy that allows easy and intuitive access to the world of tokenised fundraising. We expect that for cryptocurrencies to become a mainstream phenomenon, the approach that we use of having a semi-centralised application Scruge ICO on top of a decentralised protocol BIDLing Economy is a viable solution.