Scruge

Scruge

Created using Figma
Created using Figma
Scruge is a DAO for tokenised crowdfunding. Using a decentralised stable cryptocurrency and governance by prediction markets, we bring a transparent and decentralised mechanism for conducting crowd sales.
Apr 1, 2019
May 30, 2019
100% completed
Raised funds - no Data
Cap 120 000.00 USD
Hard cap 240 000.00 USD
past
Token Details
Accepted Currencies
EOS
Company Details
Registered Country
Russia
Additional Details
MVP/Prototype
Yes
KYC
Yes
Categories
Platform, Mobile Application

About Scruge

Fundraising market is broken. Having had an unprecedented level of bias and segregation for years, it denied the opportunity for non-wealthy to invest in early-stage ventures and made it extremely hard for founders from underrepresented backgrounds and geographies to raise capital. As a result, the creation of new wealth has been privatised and controlled by the few, further widening the gap between the rich and the rest. In recent years, an innovative method of crowdfunding crypto projects by issuing and selling cryptographic tokens have emerged. However, it has been heavily abused by fraudulent actors and, furthermore, the process of participation in such token sales have been cumbersome and not user-friendly at all. We propose a two-way solution to address the issue. First one is the BIDLing Economy, a decentralised protocol built on EOS blockchain, that allows people to raise money for their crypto ventures and invest in others. Replacing bureaucracy with smart contracts, proprietary payments system with a community-owned cryptocurrency and a decentralised stablecoin, the BIDLing Economy allows anyone to participate in the creation of new wealth at no cost and with best-in-class fraud protection. The second solution is a crowdfunding mobile application called Scruge, which acts as a bridge to the BIDLing Economy by allowing mainstream users to participate in the token offerings by abstracting most of the complexity behind blockchain and cryptocurrencies. We aspire that our two solutions, a decentralised protocol and an easy-to-use mobile application, will make token offerings safer and more transparent and ultimately change the fundraising landscape to bring a tokenised global economy, that is fair, transparent, people-owned and people-governed.

Scruge Roadmap

  • Q3 2018

  • Idea creation. Decentralised organization for fundraising.
  • Q4 2018

  • Yaroslav, Sergey and Evgenia join the team.
  • Q4 2018

  • Russian and English version release.
  • Q1 2019

  • Crowdfunding marketplace.
    EOS cryptocurrency wallet.
    Personal login system.
    Activity bar for controlling campaigns.
    Bounty Marketplace.
  • Read More
  • Q1 2019

  • Decentralised protocol and centralised app dichotomy explanation.
    Description of a token sales protocol.
    Introduction to the token economy.
    Overview of governance and problem with commonly used.
    approaches.
    Rationale behind choosing EOS.
    Description of architecture of Scruge app.
    Roadmap.
  • Q2 2019

  • Advanced profile dynamics.
    Advanced security features: multisig, recovery, mnemonic code. DEX integration.
    Explanation of token economy.
    Introduction to governance.
    Privacy policy, KYC/AML approach.
    Extensive overview of competition. Crowdfunding protocol release.
    KYC/AML integration. Establishing a company and a legal framework. Small Crowdfunding Campaign.
  • Q3 2019

  • Token economy release with a stablecoin.
    Alternative crowdfunding mechanisms (e.g. dutch auction,
    continuous fundraising). Website redesign.Scatter integration.
    Crowdfunding and bounty marketplace integration. Redesign. DEX integration.
    Advanced. Release of non-monetary governance model. First crowdfunding campaign.
    Setting up an advisory board.
  • Q4 2019

  • DEX integration.
    Campaign creation portal for founders . Main Crowdfunding Campaign. Non-monetary governance. Release of monetary governance model.
  • H1 2020

  • Monetary governance. Advanced analytics for founders.
    Fiat gateway integration.
    Cross-chain support.

Activity

Followers:
768
LOW
Tweets:
272
MEDIUM
30 Days Growth:
-13
Members:
223
VERY LOW
30 Days Growth:
-55
Year commits:
0
Watchers:
0
Stars:
0
Forks:
0
Open issues:
0

Scruge Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Dmitry Morozov
Founder
unverified
Sergey Moskalenko
System Architect
unverified
Yaroslav Erohin
Lead Developer
unverified

Scruge Last News

N/A
5.0 13
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