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Scruge [BIDL]

ENDED: October 31, 2019

Transparency Details


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We have unverified information about this ICO

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Description

Fundraising market is broken. Having had an unprecedented level of bias andsegregation for years, it denied the opportunity for non-wealthy to invest in early-stageventures and made it extremely hard for founders from underrepresented backgrounds andgeographies to raise capital. As a result, the creation of new wealth has been privatized andcontrolled by ...Read More


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Executive Summary

The Internet has started an era of democratization of information, where people from all over the world could communicate with each other, could have access to a world-class education, could have instant access to medical information, and all of these for free thanks to companies like Wikipedia, Google, Facebook, Coursera and many others. However, the way most of these companies were formed and financed was may less inclusive: early-stage investing has long been reserved for the rich, and the general public was denied opportunity to benefit from the early growth of these companies.
The invention of Bitcoin and blockchain technology has allowed extending benefits of the Internet by allowing anyone with Internet access to transfer value almost instantaneously and in the most secure way known up to date. At the core of Bitcoin's security and freedom of usage is the idea of distributed consensus: uncoordinated actors all over the world are competing to verify transactions. The notion of distributed consensus and digital money has quickly spread out, and soon first entrepreneurs started working on projects that have these concepts at the core of their products. Seeing a lack of interest by traditional forms of financing, like venture capital or banking industry, entrepreneurs have come up with an innovative crowdfunding model – Initial Coin Offering. While this type of funding has been abused a lot by fraudulent actors, it's a step in the right direction: for the first time in history, anyone from anywhere could participate in financing early-stage promising ventures.
Our mission is to democratize capital formation by allowing people from all over the world to raise funds for their ventures and invest in others. We believe what we are doing is of utmost importance towards reducing wealth inequality and preparing people for the world of automation and the declining value of labor. We can imagine the future where regular people work as investors 3-4 hours a day, controlling their previous investments, participating in the community, and looking for new promising startups.
The new digital economy is growing at a rapid pace with the latest trends and standards emerging and replacing the old ones. We accept and embrace innovation and uncertainty, so we want to ensure that we have consistency in developing and updating our product. That’s why we want to put forward these values on which we will base our decisions.

Documents


Whitelist and KYC

No Whitelist or KYC information provided

Timeline

Pre-Sale Starts

1st April 2019

The ICO/Token/Coin pre sale opens

Happened: 2 Years, 10 Days ago

Pre Sale Ends

30th June 2019

The ICO/Token/Coin pre sale closes

Happened: 1 Years, 9 Months, 11 Days ago

Sale Starts

1st September 2019

The ICO/Token/Coin sale opens

Happened: 1 Years, 7 Months, 10 Days ago

Sale Ends

31st October 2019

The ICO/Token/Coin sale closes

Happened: 1 Years, 5 Months, 11 Days ago

TODAY

11th April 2021

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Financial Information


Ratings and Flags


Overall Rating

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