Scruge is a decentralized platform through which users and entrepreneurs can invest and raise funds accordingly. Using Blockchain technology and smart contracts will provide users with control over their funds on the platform. Investors will be able to participate in voting when making decisions on the future financing of projects in which they participate.
Business Model Overview Scruge (BIDL)
1. The validity of income
The project will receive income from 2 sources: voluntary donations from users for the use of the system and a commission fee, which is withdrawn depending on the number of available tokens in investors' accounts. Users will be able to receive rewards for detecting fraudulent ICO projects.
2. Number of currencies accepted
The project accepts 1 liquid currency, namely: EOS.
3. Token emission
In the project there is a limited number of tokens. A total of 250,000,000 BIDL tokens will be issued (p. 26 White Paper).
4. Discount on the purchase of tokens
Discount on the purchase of tokens is 50% (p. 26 White Paper).
In the flow chart provided, the project goals are shown until 2020 (p. 29 White Paper). After completing the ICO, the project team will allocate funds as follows: 25% - “Product Development and Research”, 20% - “Operating Expenses”, 45% - “Marketing”, 10% - “Legal Expenses” (p. 26 White Paper) .
6. SOFT CAP / HARD CAP Ratio
The project has an excellent ratio of SOFT CAP / HARD CAP, which positively affects its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 170,00,000,000 and $ 250,000,000, respectively (p. 26 White Paper).
7. MVP availability
The project has developed MVP.
8. Risk assessment and insurance
There are no risk assessments according to international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of losing capital for investors.