There is a new project being launched on top of the Binance Smart Chain (BSC) platform called Scrooge, the fair token for the honest crypto investor that already up by 1500%. This is a new token that is fully open-source and has been created with a simple tokenomic model that rewards token holders.
Another thing to take into consideration about this project is related to its safety. Scrooge Token has been audited by reputable firms in the ecosystem and it follows the highest security standards in the market. But what is Scrooge Token all about? In this guide, we share with you all the things you should know about this project and why we think you should invest in it.
What is Scrooge Token?
Let’s start with the basics: what is Scrooge Token? Scrooge token is a cryptocurrency project that runs on top of the Binance Smart Chain blockchain network. It offers a different approach to virtual currencies as the project is 100% open-source and secure.
The SCRG token is a unique cryptocurrency that claims to be a fair token for honest cryptocurrency investors. Users can currently buy this token using PancakeSwap using BNB or other BSC BEP-20 tokens on their wallets.
Thanks to its unique reward program, Scrooge Token offers users the possibility to earn big if they join early. The project takes as an example what happened to Shiba Inu (SHIB) in 2021. The coin skyrocketed to unprecedented levels due to different reasons. Users that invested in it early were able to see their funds multiply overnight.
Moreover, due to its unique, genuine, secure and transparent tokenomics, Scrooge Token lets users earn rewards every single time that a transaction is processed or when an activity gets completed.
What Makes Scrooge Token Special?
But let’s get into the details of which are the things that make Scrooge Token special when compared to other digital currencies in the crypto market.
One of the things that is capturing the attention of investors is related to the tokenomic behind this project. Basically, this token has a different (but very simple and transparent) tokenomic model.
There is a total token supply that is currently at 1,000,000,000. There will never be more SCRG tokens created (issued), meaning that users already know which is the total supply in the market for this coin.
But the interesting aspect of this token is that there is a buying and selling tax. This tax is currently fixed at 9% and it rewards all Scrooge Token holders. Basically, every single time that you buy and sell SCRG, you pay a tax that will then be distributed among token holders.
There are no other hidden costs or taxes applied to this project. Now, the project team claims that they are going to spend close to $1 million on marketing and other promotional campaigns to promote this project. The larger the number of users buying and selling SCRG, the greater the opportunities for investors that hold this token.
Another very important aspect about this cryptocurrency project is related to their security. The token has been successfully audited by 2 very reputable firms: Solidity Finance and SolidProof. These companies have made sure that the project is secure and safe to use for investors.
Moreover, the token was audited BEFORE the official launch of the token to the market. It is also worth taking into consideration that SCRG is also going to be launched on top of the Binance Smart Chain, which is one of the largest blockchain networks in the market.
Additionally, the team behind Scrooge Token has more than 20 years of experience working on different IT projects. Some of these projects are even older than Bitcoin, meaning that there is a clear knowledge on how to manage Scrooge Token and the future of the digital currency. This makes Scrooge Token one of the most secure tokens to be released in the coming years.
Focused on Investors
Another important thing to take into consideration is related to how the company decided to focus on investors. First of all, the team decided to launch this project on top of the Binance Smart Chain network, which is fast and easy to use. Moreover, this network is not congested as other blockchains such as Ethereum (ETH).
The goal is to offer users the possibility to rely on a network that is fast and cheap to use without compromising security.
Additionally, Scrooge is known for being the fair token for the honest crypto investor. That’s because there is a reward that is distributed among all SCRG holders around the world. There is no reason for you to sell SCRG if you want to earn rewards. Basically, Scrooge token is one of the few projects in the cryptocurrency market that is rewarding users that hold the token without increasing its token supply.
Business Plan (Roadmap)
When it comes to the business plan for the coming years, Scrooge Token has everything planned. The first phase is known as the Awareness Raising Stage. The company is working on smart contract development, the official launch of the website and the creation of social media accounts on both Telegram and Twitter.
The second phase is known as the “Continued Awareness Raising Stage.” In phase 2, the project got listed on PancakeSwap, reach out to top crypto media outlets and talk to crypto influencers about the project.
There are two more phases ahead. The Phase 3 is called “Post-Awareness Stage”, and the Phase 4 is known as “Trending worldwide and mainstream Stage.”
Phase 3 includes getting listed on different decentralized and centralized exchanges, injecting liquidity on different blockchain protocols, website traffic channeling, social media traffic channeling and collaboration with celebrities.
Finally, the Phase 4 includes the development of official NFTs on top of BSC, the creation of a unique Play-to-Earn game and different airdrops for token holders, among other things.
When it comes to the technology used to power the Scrooge Token ecosystem, the team relies on the Binance Smart Chain, one of the largest blockchain networks in the world. The project is using BSC as launchpad. This is similar to what other projects are doing, as BSC offers great scalability and decentralization.
One of the positive things about BSC is that it is fully compatible with the Ethereum Virtual Machine (EVM). That means that BSC is a great platform to launch different dApps and projects. Therefore, BSC offers flexibility and advanced functionalities for Scrooge Token to deploy smart contracts and other solutions such as decentralized applications (dApps).