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Token utility

Posted on 03 June 2024 01:05 pm

The Social Scrooge Ecosystem Cryptographically Secure Native Fungible Protocol Token (ticker symbol $SCROOGE) is a transferable representation of the attributed utility functions specified in the Social Scrooge Ecosystem protocol/code and which is designed to be used solely as a utility token interoperable internally.

 

$SCROOGE is a functional multi-utility token that will be used as a medium of exchange between supporters of the Social Scrooge ecosystem in a decentralized manner.

The goal of introducing $SCROOGE is to provide a convenient and secure mode of payment and settlement between participants interacting within the Social Scrooge ecosystem without intermediaries such as third-party centralized entities/institutions/creditors. It is not, and is not intended to be, a medium of exchange accepted by the public (or any part of the public) as payment for goods or services or for the repayment of a debt; nor is it intended or intended to be used by any person as a payment instrument for goods or services of any kind that are not provided solely by Social Scrooge, or within scrooge.social.

$SCROOGE does not in any way represent any participation, right, title or interest in the Social Scrooge issuer, distributors, their respective partner companies, any affiliates or in any other company, firm, firm, nor will Social Scrooge entitle holders of tokens $SCROOGE to any promise of commissions, dividends, revenue, profits or investment returns and are not intended to constitute securities in Canada, Singapore, the United States, Europe or any relevant jurisdiction. $SCROOGE may only be used on the Social Scrooge Ecosystem and ownership thereof carries no rights, express or implied, other than the right to use $SCROOGE as a means for use and interaction within the Social Scrooge Ecosystem .

The price of &SCROOGE on the secondary market is not dependent on the effort of early Social Scrooge contributors, and there is no feature or token scheme designed to control or manipulate such secondary price.