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About Sudan Gold Coin
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