Sudan Gold Coin with the token name SGC Token is among few Cryptocurrency which is backed by real physical resources. It is a unique blend of Real Gold Mining and Blockchain Technology. SGC Token aims to solve the uncertainty problem currently faced on the cryptocurrency market.

Gold has been one of the most valuable things in the world since ancient times: it was a standard for price determination, references to gold can be found all over the world in popular wisdom thoughts and quotations. This means that gold will always be one of the world economy’s value benchmarks, and many physical currencies rely somewhat on gold.

But in the IT age, where people try to invent something different every day, new concept cryptocurrencies are introduced onto the market. They allowed people to buy, sell and trade with reduced risks through the internet but there is still one big problem that should be solved: stability and predictability of any cryptocurrency.

Sudan Gold Coin is the world’s first blockchain alternative, where the coin’s value is tied to the gold market price. The total amount of tokens that will be issued without further releases is 999,999,999 tokens. At the pre-sale stage, one token’s price will be $0.1 USD, depending on that, the price at Main Sale will be 0.75–$1 USD. investor becomes the owner of a certain amount of gold after buying tokens, which they will be able to operate within a decentralized exchanger, based on a Blockchain Technology.

In the cryptocurrency marketplace, SGC is a pioneering coin whose value is backed by actual strength. This is a brand new age of e-commerce and the value of a fully virtual advantage is rigidly tied to Real Gold’s burden.

SGC is launching the IEO on coming 26th Feb 2020 on a reputed Korean Exchange ChainX, you can buy the tokens directly from the exchange here – https://chainx.kr/.

Crowd sale

Crowd Sale will be having different stages of sales. The SGC project closed its Pre-Sale with a cap of US$ 250,000. For now, the project is in the stage of Private Sale, plans are under way for the main Sale.

Tokens are called Sudan Gold coins-SGC tokens, and are made specifically for this project’s use. In total there are 999,999,999 SGC tokens in circulation. Price for one SGC token is expected to be 0.75 dollars.

Crowd sale is one way to earn tokens but there’s so much more. Working on marketing campaigns like social media campaigns, different translations, and signature campaigns will earn you tokens.

If you are anxious to find out more about the project and what it is about, take a look at the following for details:

https://www.sudangoldcoin.com/assets/docs/SGC-WP_en.pdf?v=2.0.15-2

If you want to look at the social network for the success of projects:

https://twitter.com/SudanGoldCoin

https://www.facebook.com/groups/sudangoldcoin

On bitcointalk:

https://bitcointalk.org/index.php?topic=2194822.0

https://bitcointalk.org/index.php?topic=2190463.0

More statistics about the venture can be found here. Check out these link, and find the answer you’ve been looking for. Don’t forget to take a look at the main website and find out everything about it on:

Further Visits

Website: https://www.sudangoldcoin.com/

WhitePaper: https://www.sudangoldcoin.com/assets/docs/SGC-WP_en.pdf?v=2.0.15-2

Telegram: https://t.me/SGCeng

Facebook: https://www.facebook.com/groups/sudangoldcoin

Twitter: https://twitter.com/SudanGoldCoin

Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2190463.0

Conventional cryptocurrencies have had a fair share of criticism, such as Bitcoin. Their main drawbacks include lack of physical support and reliance on peer-to-peer device transfers. Since no one can see the money, the legitimacy of cryptocurrencies has long been in doubt by critics. The asset-backed cryptocurrencies idea originated as a solution.

If it’s your first time learning about asset-backed cryptocurrencies, there are digital currencies that are linked to the value of physical assets like real estate, oil, energy, minerals and even precious metals like gold.

What are gold-backed cryptocurrencies?

Gold-backed cryptocurrencies are digital currencies tied to gold. It means that while the crypto coins are on a distributed ledger and therefore easy to exchange, they also have something intrinsic value that is missing in conventional cryptocurrencies.

How do gold-backed cryptocurrencies work?

The basic concept of the gold-backed cryptocurrencies is certainly convincing. A digital token that represents a certain value of gold is released. A token X coin, for example, represents the worth of one gram of gold.

A reliable third party stores the gold to which the token is hinged. Certain token-holders may exchange the gold.

The value of the gold-backed token shall be equal to the prevalent rate of gold at any given time. That means it will still be priced at the current gold price should the token fail to take off. When the token gains popularity, on the other hand, its value will grow above that of gold.

Difference between gold-backed cryptos and other cryptocurrencies

Besides intrinsic value, its entry-level costs are the other difference between gold-backed cryptos and mainstream cryptocurrencies. Most of the investors in their early days who were quick to buy mainstream cryptocurrencies had to spend only pennies. Nevertheless, for a cryptocurrency backed by gold, the minimum investment must be equal to the current gold price.

The difference between these two classes on cryptocurrencies is their price fluctuations. While the price of digital mainstream coins like Bitcoin and Ethereum will rise and fall to any point, cryptocurrencies backed by gold have a built-in stop loss.

As we have already stated, the value of a cryptocurrency backed by gold cannot fall below the value of gold. When such a coin achieves huge popularity, its price could well rise above that of gold. But if the gold-backed crypto isn’t doing well, its value will stay at a gold pace.

Now let’s look at the best Gold backed cryptocurrency which is going to launch soon.

Sudan Gold Coin

Sudan Gold Coin with the token name SGC Token is among the few real Gold backed Cryptocurrency. It is a unique blend of Blockchain and Real Gold Mining Technology. SGC Token aims at addressing the confusion that the cryptocurrency market is currently facing.

The project will also indirectly invest in Sudanese gold mining operations to give users of the open platform the right to purchase the gold mined in Sudan. Furthermore, the Sudan Gold Coin (SGC) Project provides its crowdsale investors a unique opportunity to participate in a project in which both crypto and real-world assets are linked to digital tokens (Sudan Gold Coin), with the additional right to purchase a predefined amount of physical gold.

 Important News 

SGC is launching the IEO on coming 26th Feb 2020 on a reputed Korean Exchange ChainX, you can buy the tokens directly from the exchange here – https://chainx.kr/ and also from the official website –https://sudangoldcoin.com/

Benefits of Mining Gold in Sudan

Sudan is one of Africa’s largest countries, covering approximately 1 881 998 square km. This ranges between 8.45-2, Sudan3.8 N latitudes and 21.49-38.34 E longitudes. The population is 33,419,625 million. 

Sudan’s mining sector contributes to the national economy by about 8 percent. Gold, chromium ores, gypsum, salt, and building materials primarily cement raw materials are the only resources mined in Sudan today.

With such a large area and diversified geology fusing across the borders of seven countries, Sudan has enormous mineral potential yet to be assessed and developed.

Geological studies indicate the diversity and abundance of Sudan’s mineral resources, especially gold, with the majority of deposits having geology and structure highly favorable for exploration and mineral mining.

Nevertheless, to develop and improve the infrastructure suitable for mineral exploration, the large area of Sudan requires considerable resources and investments that the country currently lacks. Therefore, the Government is now taking numerous steps to encourage investment (i.e. FDI) in precious metals (gold and other) mining, especially in the northern, northeastern and Blue Nile regions, making the development of the mining industry a priority task for the Ministry of Energy and Mining of Sudan.

Sudan has a huge mineral potential that awaits exploration, evaluation, and growth, namely in gold mining.

Infrastructure is evolving, and the investment climate at the national level is supportive and encouraging so the gold mining in Sudan will be beneficial.

How the SGC will be a revolution for Gold Mining

Sudan Gold Coin (SGC) is a revolutionary Blockchain project aimed at developing a groundbreaking decentralized network for the exchange of gold and other precious metals and receiving information on the gold and precious metals markets.

The project will also indirectly invest in gold mining operations in Sudan to provide the right to buy the gold extracted in Sudan to users of the open platform. In addition, the Sudan Gold Coin (SGC) Project offers its Crowdsale investors a unique opportunity to participate in a project in which both crypto and real-world assets are connected to digital tokens (Sudan Gold Coin), with the additional right to purchase a predefined amount of physical gold.

The SGC plans to run a gold mine, which incorporates mineralization on the surface and is dispersed spatially in a manner that is ideally suited to open pit mining methods. Gold quality distribution and the findings of preliminary mineral processing studies suggest that traditional Heap Leaching methods and CIL (Cyanide-In-Leach) can be used to extract the gold from this deposit.

The necessary equipment requires to open pit mining is 30 ton excavators and trucks. Mining is planned on a schedule of 6 days per week, with two 8-hour shifts a day, 312 days a year. Ore production is expected at a nominal rate of 2000 TDP, which is equivalent to 740,000 tons per annum if $10 million is raised. As stated, the project can be scaled so that the output of the ore increases proportionally.

Capital investment amounts to $9,864,000, if $10 million is raised during the Crowd sale. Given the project’s high scalability, the capital investments are $24,660,000, if the desired $28,000,000 is raised. The Project’s total operating cost is about $35.98 per ton of mined ore.

Conclusion

Contributing to the SGC Project is one of the best opportunities to have access to the SGC Network and the right to buy Gold, tangible assets of everlasting worth, with SGC tokens.

Important News 

SGC is launching the IEO on coming 26th Feb 2020 on a reputed Korean Exchange ChainX, you can buy the tokens directly from the exchange here – https://chainx.kr/ and also from the official website –https://sudangoldcoin.com/