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ICO Details

ICO Project Scruge (BIDL)

  • Tokensale Start:   01/04/2019

  • Tokensale Finish: 30/05/2019

Project Description

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receive income from 2 sources: voluntary donations from users for the use of the system and a commission fee, which is withdrawn depending on the number of available tokens in investors' accounts.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).

5. Roadmap

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.


Criteria of accordance to the international standards of business-planning of UNIDO and EBRD
% Acceptable
Criteria Project evaluation
The validity of income 1 / 3
Number of currencies accepted 1 / 4
Token emission 1 / 1
Discount on the purchase of tokens 3 / 3
Roadmap 1 / 1
SOFT CAP / HARD CAP ratio 3 / 4
MVP availability 1 / 1
Risk assessment and insurance 0 / 1
Total (61%) 11 / 18

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