Gold mining with SG Mining co. Sudan Gold Coin ICO rating – not rated.
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Active ICO : 24/08/18 – 30/11/18
About Sudan Gold Coin ICO (token sale)
The basic concept of the business model is the creation of a cryptocurrency wich will be backed up by real gold. Each token will not have a ‘price tag,’ but a ‘weight’ that will be directly tied to the volume of gold mined. Gold mining enterprise will be established in Northern Sudan with the support of the local government.
As a result of geological exploration of the area experts from India found that the minimum degree of average mineralization of gold is about 7.5 g per ton of ore. It was also estimated that a fully functioning plant would be able to process up to 1500 tons of ore per day and produce approximately 10kg of gold per day.
We are at the point of building a modern gold mining plant in Sudan with blockchain technology seamlessly integrated into the production chain. The token value will be ensured with real gold and connected to our blockchain mobile app that will be calculating the future token price, thus aiding you in making the most efficient financial decisions. When this gold mining plant is put into operation and after the start of gold mining, a continuous buyout of the tokens will begin. This will support a steady price rise and guarantee generous return on your investments. SGC is a groundbreaking coin in cryptocurrency market whose value is backed by real asset (cryptocredit in gold). This is a new era of e-commerce when the value of a completely virtual asset is rigidly tied to the weight of actual gold.
The world’s first blockchain option for gold mining project’s aim is to establish the high-technological and profitable gold-mining business in Sudan. The study area about 8017.8 Km2 that study area is located in an area of promising gold mineralization potentiality zone.
The concession area of the block in Northern State is under the name of GS Multi Activities CO. LTD Financing will be raised by issuing and proposing the Ethereum based tokens during the ICO. The mining facilities in Sudan will be managed by the audited Dubai company – SG mining Co. The decentralized gold exchange will allow to use the SGC token as the main currency for purchasing gold extracted by the any mining company and cross-sale between the gold buyers/sellers, banks and other customers. The unique combination of real gold mining business and an integrated decentralized exchange will ensure the stable growth of the token price.
HOW IT WORKS:
- You join project by purchasing tokens (1 token = 0.75$ – 1$)
- Tokens start circulating on exchange with price tied to gold (10 tokens = 0.5g of gold)
- Gold-mining plant is established
- Plant generates gold. The token to gold ratio increases (10 tokens = 1g, 2g, 3g …. of gold)
- Tokens purchased from the market (1 token = 4$, 8$, 12$) or exchanged to real gold
- Banks and miners and traders join the decentralised exchange
- Decentralized exchange on blockchain technology is opened
- Revenue is secured with gold