About Sudan Gold Coin
YOU invest in SGC Project through ETHEREUM-based SMART CONTRACT or Wallet by transferring your crypto-currency. We accept BTC, ETH, BTH and LTC, you can find a handy crypto-calculator in your personal cabinet. The recipient of Your money is San-Marino “Stable Coin S.R.L” (San-Marino), which is the parent company for SGC Project, conducting SGC ICO. Your money is safe under the protection of San-Marino ICO Legislation and monitoring.
Your money comes to Dubai Company
We established the Dubai Company to optimize the costs and terms of Investment in Sudan.
Foreign Direct Investments
Your money in the form of FDI (Foreign Direct Investment) comes in Sudan. The recipient is the Sudanese Company, which will hire local employees and will be responsible for mining operations and gold-extraction. The desired SoftCap is $10 million, the desired HardCap is $28M. The difference between Soft and Hard Caps scenarios mostly lies in the capacity of the equipment that we plan to utilize. The difference is expressed in the number of ore tones, which the plant can process during a day. HardCap scenario allows shortening you ROI period for several months and bringing You higher profits in the months and years to come!
Your money is used to establish SGC Gold-mining Plant
On the land, granted to SGO Project by the Concession Agreement with Sudanese Government, we build a Gold-mining Plant. The plant starts working. Gold is accumulated!
Unique Blockchain Technology
Our obligation is met. All the mined gold is registered in a unique blockchain-accounting database for the purposes of maximum transparency and fair distribution. Each Token is filled with 0.05-0.07 grams of PURE FINE GOLD
The Gold, which is mined by the plant, is quarterly distributed between Tokens. The weight of Your Token in Gold constantly and indefinitely grows! Congratulations, You made the right and timely investment, turning Your crypto-money into the globally recognized tangible asset!
Quarterly Gold per Token Distribution - Gold Storing and Security
Your Gold is kept safely in Dubai Deposit Facility from where on Your request You can physically take it at any time or ask us to deliver it to You at any location. We can also sell it for You or You can sell it Yourself!
Transform Your Crypto-money into Gold, which is also a surefire long-term Investment Instrument!
Missing whitepaper? Let us know.
Rated on Apr 28, 2018
Rated on Jul 20, 2018
Modified on Oct 1, 2018
Interesting project. Some sort of stable coin with staking mechanism.
This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible
Rated on Aug 16, 2018
In itself, its a pretty strong and compelling project to invest in. However, safeguards must be placed and there will be more than a few regulatory hurdles to jump through for this project to succeed.
If you might have any questions or suggestions - feel free to ask :)
Rated on Dec 10, 2017
This guarantee make investment to crypto-currency a lower risk. However, the token economic model is really depends on the gold production.
Rated on Dec 26, 2017
Rated on Oct 23, 2017
Rated on Jan 13, 2018
Rated on Aug 27, 2018
There is no unique idea in the idea, but the team has execution power. Also, it seems that partners and legal improvement are perfect. Is there a block chain expert?
The transparency of the flow of workers and their funds involved in mining is a proposition and worth the project.
Although it is mentioned that the project operates in the ETH blockchain, there is no detailed explanation. What is the token's algorithm?
Rated on Feb 28, 2018
why blockchain? what gives the value?
Rated on Jul 21, 2018
This is not the first gold-backed cryptocurrency project out there and if we study the previous ones, none of them was a huge success.
I am not saying this one will perform the same, however after studying the business model and token metrics, there are some things that I can't understand.
You have this facility (gold mine/land) in Sudan that was concessioned by the company and will be used for gold mining. Initially, the token will have a certain value (ICO price) and then will increase in value, as gold is mined. This is where I stop understanding.
On one hand, you will (hopefully) have the token listed on exchanges, which will mean its' value will depend on asks/bids.
On the other hand, ICO officials state that the token will be backed in an increasing real gold quantity over time, which will link the token price to the value of gold.
In the end, the physical facility will also have some expenses, from machinery, salaries, etc, which will also be supported from the mined gold. The project doesn't provide any feasibility study regarding the gold potential of the location.
Too many question marks...
- Gather funds
- Buy gold for those investments
- Distribute it
Or something like this.
Our main difference is that we are producing gold, we will be using blockchain in mining, so our investors could keep track of our progress and our tokens' value is set by its' weight, not by price. By selling each tokens we are basically selling our promise to mine 0.05g of gold for each and everyone. When facility will start mining, part of the mined gold will be distributed between each and every token, thus - the weight of this token rise, such as the price. And the politics of our token is to hold it because if you bought your SGC tokens during Pre-ICO - ICO phases (NOT on the exchanger) - you will be able to exchange them for real gold or you can sell those tokens to us (they will be burned) by their current weight. So what's the reason to sell your "ICO" tokens on the exchanger at a lower price if you can exchange them for gold or sell them to us in some time and gain more profit?
And yes, facility will have its' expenses along with taxes and other spendings, but its' still not a number in terms of a monthly profit for such kind of a facility. Feasibility study will be available after some time as we are planning to research a few zones for gold potential. But why should such kind of information be available to everyone? Those are the documents that were secret for many years in real business. We can research a few zones, find the best one, calculate the income and the growth of the token, based on these calculations, and after that - announce that our token will grow "in these numbers", counting the best mining site in those calculations.
Rated on Dec 25, 2017
Rated on Jun 25, 2018
The current stage of the project development allowed me to change the rating to a more promising one. In the future I will observe the project and draw my conclusions.
Rated on Jul 21, 2018
Modified on Jul 21, 2018
Team is well qualified and the vision is viable. The product is worth its weight in gold, as they say. Such exclusivity is almost a guarantee of the ICO's success, but there could be drawbacks when the Sudan government changes its leadership. Prepare well for contingencies.
Rated on Jul 21, 2018
Modified on Jul 21, 2018
Gold is always valuable and if the utility of this coin can do well, it will be a project that help users with a new avenue of getting gold. Would be good to explain more technical aspect of the project as well.
So the unique feature of our project is that we want to create an automated mining facility where people will be working as a system administrators or common workers. The blockchain technology will be implemented in each and every phase of gold mining. For example - the trucks will have scales so we would know how much ore it is shipping to the plant, we would know how many gold was smelted out from this ore, automatically. It should exclude the theft factor on many levels and will allow for our investors, government of Sudan and others to check the process just by using their PCs or smartphones. Of course different users will be allowed to see different level of information. So a simple user could not see how many gold is currently being shipped from the facility (for example).
Thank you for your warm feedback, Gary. For any questions - feel free to ask.
Rated on Aug 9, 2018
I once had the distinct pleasure to have the late great Manute Bol, a basketball center, join my church group for a session and talk about his mission in Sudan. He was very interested in making a difference in this country and his homeland. When he returned to Sudan he passed away. It’s good to see a project making a difference in Sudan.
Rated on Feb 20, 2019
Modified on Feb 20, 2019
Sudan gold coin has a great team full of enthusiastic people.
This ICO possesses a decent vision and have taken the sudanese gold mining community into consideration.
There product is backed by real gold and gold is a safe haven when it comes to investing
Rated on Aug 8, 2018
Modified on Sep 24, 2018
Updated review - 9/24/2018 – I appreciate the thoughtful response by the CEO and am updating accordingly. On vision, I will update from 2 to 3. This is not anything against the project, just that a gold mining operation is by its very nature a limited opportunity. This is not something that can scale quickly like software.
Also updated the product from 2 to 4 – Its good to know there is more going on than I read and they are operational.
Good luck to the team. They seem to know what they are doing and are serious about the project.
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
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ICO Investment Advisory
|Early Bird Stage||1 SGC = 1.3 USD|
|ICO: Step 1||1 SGC = 1.5 USD|
|ICO: Step 2||1 SGC = 1.70 USD|
|ICO: Step 3 (Ongoing)||1 SGC = 2.47 USD|
Start of the SGC Project
Completing project documentation, which describes platform’s architecture in terms of its technical logistics, principal features and content, user interactions, quality control systems, economic and computer engineering requirements.
Creating an interactive platform prototype, which is similar to the future ready-to-use application and is comprised of screen sets that are subdivided into functional blocks, operational modules and realization tools.
Early Bird Pre-Sale Stage
1 SGC Token is sold for $1.3
Creating and developing the modules of: a) Certificate generation b) Authorization based on the previously developed platform architecture
ICO: Step 1
1 SGC Token is sold for $1.5
Primary Functional Realization and Testing
Releasing the platform and performing the testing of its functional features including overall functional performance, particular units, security and localization
Service and Token-Paid Realization
Service realization subdividing the services into the categories of “Free” and “SGC Tokens-Paid” ones (premium analytic services, webinars, geological survey access, etc.)
ICO: Step 2
1 SGC Token is sold for $1.7
Releasing Token-Paid Services and Testing
Introducing the “Token-Paid” services and testing their functional performance including single unit performance, security and localization
ICO: Step 3
1 SGC Token is sold for $2.47
Project Technical Support and statistical analytics collection
Supporting the platform functionality through its administration, bug elimination, minor feature introduction and collecting user statistics, which allows to improving platform quality and efficiency.
Developing Modular Mining
On the land, granted to SGC Project by Concession Agreement with Sudanese Government, the Gold Mining Plant is built.