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White paper - chapter 1

The information here is conceptual only and describes future development goals for the Social Scrooge ecosystem. In particular, the project roadmap in the Token Documentation is shared to outline some of the plans of early $SCROOGE contributors, and is provided for INFORMATIONAL PURPOSES only and does not constitute any binding commitment. Please do not rely on this information to decide whether to participate in the Token Distribution because, ultimately, the development, release and timing of any product, feature or functionality remains at the sole discretion of the Company, and is subject to change. Additionally, the token documentation or website may be modified or replaced from time to time. 
The $SCROOGE tokens are designed to be used and to support Aridrop on the Solana blockchain and this is the goal of the distribution. In particular, it is highlighted that $SCROOGE: 1 - it has no tangible or physical manifestation and has no intrinsic value (nor does any person make any representation or commitment regarding its value); 2 - is non-refundable and cannot be exchanged for cash (or its equivalent value in any other digital asset) or for any payment obligation on the part of the Issuer, any Distributors or any affiliates; however, it can be traded on the exchange after listing on the AMM markets. The issuer does not undertake any commitment to the creation of markets for trading but only to listing on existing markets or some of these. 3 - does not represent or confer on the token holder any rights of any form with respect to the Issuer, Distributors (or any of their respective affiliates), or their revenues or assets, including, without limitation, any right to receive future dividends, revenues , shares, ownership rights or share, share or security, any vote, distribution, redemption, liquidation, ownership (including all forms of intellectual property or license rights), the right to receive accounts, financial statements or other financial data, the right to request or participate in shareholder meetings, the right to appoint a director or other financial or legal rights or equivalent rights, or intellectual property rights or any other form of participation in or relating to the Social Scrooge ecosystem, issuer, Distributors and /or their service providers; 4 - does not intend to represent any rights under a contract for differences or any other contract whose purpose or alleged purpose is to guarantee a profit or avoid a loss; 5 - is not intended as a representation of money (including electronic money), securities, commodities, bonds, debt instruments, units of collective investment schemes or any other type of financial instrument or investment; is not a loan to the Company, the Distributors or any of their respective affiliates, is not intended to represent a debt owed by the Issuer, the Distributors or any of their respective affiliates and there is no expectation of profit; And 6 - does not provide the token holder with any ownership or other interest in the Issuer, any Distributors or any affiliates.   To the extent a secondary market or exchange develops for trading in $SCROOGE, it would be operated entirely independently of the Issuer and the Social Scrooge ecosystem. Neither the issuer nor distributors will make such secondary markets or act as an exchange for $SCROOGE.
By accessing the Token Documentation or the Website (or any part thereof), you (the purchaser) will be deemed to represent and warrant to Social Scrooge and any interested third parties as follows: (A) in any decision to acquire $SCROOGE, the purchaser does not and will not rely on any representations contained in the Token Documentation or the Website; (B) you will ensure at your expense that you comply with all laws, regulatory requirements and restrictions applicable to you (as applicable); (C) acknowledge, understand and agree that $SCROOGE may have no value, there is no guarantee or representation of value or liquidity for $SCROOGE, and $SCROOGE is not an investment product and is not intended for any speculative investment of sorts; (D) none of the Issuer and/or any relevant third party, will be responsible for the value of $SCROOGE, the transferability and/or liquidity of $SCROOGE and/or the availability of any market for $SCROOGE whether through any third party or not; AND (E) acknowledge, understand and agree that you are not eligible to participate in the distribution of $SCROOGE if you are a citizen, national, resident (tax or otherwise), domiciled and/or green card holder of a geographic area or country(s) where the distribution of $SCROOGE is likely to be construed as the sale of a security (however named), financial service or investment product and/or (ii) where participation in token distributions is prohibited by law, decree, regulation , applicable treaties or administrative acts (including, without limitation, the United States of America, Canada and the People's Republic of China); and to this end agrees to provide all identity verification documents when requested by the distributors, CEX, so that the relevant checks can be carried out. Social Scrooge, and any applicable third parties, hereby disclaim all liability, representations, warranties or undertakings to any entity or person (including, without limitation, warranties relating to the accuracy, completeness, timeliness or reliability of the contents of the Documentation of the Tokens or the Website, or any other materials published by Social Scrooge or interested third parties). To the maximum extent permitted by law, Social Scrooge, and any applicable third party, will not be liable for any indirect, special, incidental, consequential or other loss, whether in tort, contract or otherwise (including, without limitation, any liability arising out of default or negligence on the part of any of them, or any loss of revenue, revenue or profits and loss of use or data) arising from the use of the Token Documentation or the Website, or any other published materials, or its contents (including (for example, any errors or omissions) or otherwise arising in connection therewith. Prospective purchasers of $SCROOGE should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with the distribution of $SCROOGE, the Issuer, the Distributors and any early contributors to $SCROOGE.
Nothing in the Token Documentation or the Website constitutes an offer by Social Scrooge, (or any other interested party) to sell any $SCROOGE or any part thereof nor shall the fact of its presentation constitute the basis of, or upon which you may rely on in connection with any contract or investment decision. Nothing contained in the Token Documentation or the Website is or may be considered a promise, representation or commitment regarding the future performance of the Social Scrooge Ecosystem. The agreement between the Distributors (or any third party) and the purchaser, with respect to any distribution or transfer of $SCROOGE, shall be governed only by the separate terms and conditions of such agreement. The information in the token documentation and website is intended for community discussion only and is not legally binding. No person is required to enter into any contract or binding legal commitment in connection with the acquisition of $SCROOGE, and no digital assets or other form of payment should be accepted based on the token or website documentation. The agreement for the distribution of $SCROOGE and/or the continued holding of $SCROOGE, will be governed by a separate set of Terms and Conditions or Token Distribution Agreement (as applicable) setting forth the terms of such distribution and/or or continued holding of $SCROOGE (the Terms and Conditions), which will be provided separately to you or made available on the Site. The Terms and Conditions should be read in conjunction with the Token Documentation. In the event of any inconsistency between the Terms and Conditions and the Token Documentation or the Website, the Terms and Conditions will prevail.
The Token Documentation is a conceptual document that articulates some of the main principles and design ideas for the creation of the digital token known as $SCROOGE: crypto-assets other than asset-linked tokens or electronic money tokens. The Token Documentation and the Website are intended for general information purposes only and do not constitute a prospectus, securities offering document, securities offering, solicitation for investment, any offer to sell any product, item or asset (whether digital or otherwise), or any offer to engage in business with any individual or external entity provided in such documentation. The information contained herein may not be exhaustive and therefore does not imply any element or solicit in any way a legally binding or contractual relationship. There is no guarantee as to the accuracy or completeness of such information and no representation, warranty or undertaking is made as to the accuracy or completeness of such information. Where the Token Documentation or the Website includes information obtained from third party sources, Social Scrooge has not independently verified the accuracy or completeness of such information. Furthermore, it should be considered that the project development roadmap and network functionality are subject to change and that the token documentation or website may become obsolete as a result, assuming that any Distributors, affiliates and/or contributors have no obligation to update or correct this document in relation to evolutionary changes to the protocol, however Social Scrooge will provide all relevant information updated as the protocol evolves, when possible, on the official website scrooge.wtf, within its own social spaces of the scrooge.social network and through other social channels (X, Twitter, Medium and other interested social networks).
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.
Social Scrooge Protocol intends to contribute to the use cases of the Solana blockchain, supporting the Aridrop, achieving and sustaining a position as an issued social token on the Solana Blockchain, supporting the growth and adoption of the $SCROOGE token in the digital asset landscape. Social Scrooge intends to contribute with the Solana community in the future, for to increase the use cases of the Solana blockchain itself by creating new use cases of the Social Scrooge protocol and therefore, of the $SCROOGE token supported by the  scrooge.social  network and therefore, a real social token. The Social Scrooge protocol develops the scrooge.social community, the new web3 social network, in four initial uprades (roadmaps). All 4 upgrades include graphic enhancements, the addition of services (app modules that the user can install to add functions to their spaces activated in scrooge.social), continuous improvement of the code, addition of sections for social shopping via cryptocurrency.
The Protocol Social Scrooge presale aims to support the Social Scrooge project. You agree to acquire $SCROOGE to participate in the Social Scrooge ecosystem and to obtain ecosystem services. Social Scrooge, will develop and contribute the underlying source code for the ecosystem. Social Scrooge is acting solely as an arm's length third party in connection with the distribution of $SCROOGE and not as a financial advisor or fiduciary to any person in connection with the distribution of $SCROOGE. The initial distribution of the $SCROOGE token takes place directly from the Social Scrooge ecosystem website ( https://www.scrooge.wtf ), all interested parties can participate in the Social Scrooge ecosystem by connecting their Solana wallet via the dApp on the home page of the official Social Scrooge website and sending the amount of $SOL with which they want to participate in the Social Scrooge ecosystem. The presale price is set at 12,000 $SCROOGE for each $SOL sent; Social Scrooge has decided not to impose a maximum or minimum limit on the amount of $SOL and therefore on the amount of $SCROOGE that can be purchased. All buyers will receive the purchased $SCROOGE tokens in their wallet used for the purchase 24 hours after purchase, without having to take any action. All participants in the Social Scrooge ecosystem who purchase $SCROOGE tokens via the official website acquire the right to participate in the Social Scrooge Airdrop, phase 2 and phase 3. The Airdrop will take place in three phases as better illustrated in the dedicated section of this document.
PLEASE READ THE ENTIRE “LEGAL DISCLAIMER” SECTION CAREFULLY.This light white paper is intended solely to provide information about the Scrooge Social Protocol and its native token. It has not been prepared under any relevant directives or regulations of any applicable legislation, and in addition, the sale of tokens (cryptocurrencies) may be prohibited in some legislations (countries). Social Scrooge Protocol builds a decentralized protocol Utily meme and social token in accordance with the information reported in the roadmap and with anticipation of further developments, use cases on the SOLANA blockchain via the $SCROOGE web token fungible,therefore, no part of this document should be understood as legal, financial, commercial or tax consultancy, services, which, among other things, we recommend requesting from specific consultants.None of the third parties (suppliers, distributors, technology partners) who worked with Social Scrooge to create the $SCROOGE token and the Social Scrooge ecosystem, directly or through Opensource, can be held responsible for any type of direct or indirect damage (losses of any kind), the buyer should suffer when using the ecosystem and the related token. Access to the services of the decentralized protocol Social Scrooge (hereinafter also broadcaster) takes place exclusively via our web domain  https://www.scrooge.wtf  and domain  https://scrooge.social  It is the user's responsibility to ensure (hereinafter also the buyer) that the address written in the address bar of the browser corresponds to the address indicated here.It is the buyer's responsibility to follow Social Scrooge on advancement and evolution of the protocol and the related $SCROOGE web token fungible (SCROOGE WTF).