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Ratings Sudan Gold Coin

New Era of Gold Mining is Almost Here

We are creating a platform that allows each and everyone to monitor for worlds latest trends in mining: news, charts, statistics, etc. Moreover, SGC Project targets to create a unique blockchain based accounting system for mining enterprises and aims to test it on its' own gold mining plant in Sudan. Each user of SGC platform who owns SGC tokens can use them for premium privileges on SGC platform such as deep analytics, closed data or even to exchange them for a tremendous discount for gold, mined by a cutting edge SGC gold mining facility. The longer facility mines - the more discounted gold will be reserved for SGC token holders.

3.6
17 16 expert ratings
Benchy 4.3
KYC
Experts
3.8
3.5
3.1
Review: coming soon PRO
Ended
Token
SGC
Type
Price in ICO
2.4700 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA, China
preICO start
8th Oct 2017
preICO end
8th Nov 2017
ICO start
15th Feb 2019
ICO end
25th Mar 2019
Visit ICO website
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Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Hung Chih (Jason Hung)
Project optimization
Rated on Dec 10, 2017
3
4
2
9%

This guarantee make investment to crypto-currency a lower risk. However, the token economic model is really depends on the gold production.

+3Agree
+1
-2Disagree
Report
Dmitrii KonovalICO team member replied on 28 Jun 2018
we officially became a national project! and reaching the end, we will turn the world over, try to prove that not all scam projects
Igor Karavaev
Blockchain Enthusiast
Rated on Apr 28, 2018
3
2
3
4%
This rating's weight is reduced by 50% as there is no review added.
Dmitrii KonovalICO team member replied on 28 Jun 2018
Good afternoon. please explain your thoughts about your grades. what's wrong? we will listen to you with joy! thank you
Ong Jun Hao
Founder Of BlockConnectors.io (Top Blockchain Advisory Firm In Asia) | Consulted 20+ ICOs | Marketing Expert
Rated on Jul 20, 2018
Modified on Oct 1, 2018
4
4
4
9%

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

+3Agree
+2
-1Disagree
Report
Jeremy Khoo
Group CEO | Blockchain Entrepreneur |Fund Partner | Exchange Founder | Singapore
Rated on Aug 16, 2018
4
3
3
9%

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.

+2Agree
+1
-1Disagree
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Eugene RomanenkoICO team member replied on 16 Aug 2018
Hi, thank you for your reply. We do pay a lot of attention to the legal and security part of our project. That's basically the reason why someone may say that we are developing slow. It's because we decided to focus on the real sector first, not on the marketing or hype. Also, as you might know, this is the place where the blockchain element will be implemented: our facility will use it for weighing and accounting, effectively decreasing such risks.
If you might have any questions or suggestions - feel free to ask :)
Luca Cotta
Icodriver...expert launching ICOs, ICO Influencer, IT expert.
Rated on Oct 23, 2017
4
3
4
4%
This rating's weight is reduced by 50% as there is no review added.
Eugene RomanenkoICO team member replied on 8 Aug 2018
Mr. Cotta, I'm Eugene, community manager of SGC project. Please, check our updates and leave a feedback :) You are free to ask me any questions regarding our project.
Nathan Christian
Blockchain Technology Consultant
Rated on Dec 26, 2017
4
3
3
4%
This rating's weight is reduced by 50% as there is no review added.
Eugene RomanenkoICO team member replied on 8 Aug 2018
Mr. Christian, thank you for rating our project, you may check our updates and leave your feedback. Feel free to ask any questions and share your opinions :)
Mofassair Hossain
CEO and Founder Perhalic, ICO and IEO Advisor, Investor, PR and Marketing Expert
Rated on Jan 13, 2018
4
3
3
4%
This rating's weight is reduced by 50% as there is no review added.
Dmitrii KonovalICO team member replied on 28 Jun 2018
Good afternoon. please explain your thoughts about your grades. what's wrong? we will listen to you with joy! thank you
Nozomu Nakazato
Blockchain consultant
Rated on Aug 27, 2018
4
3
2
7%

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?

+13Agree
+13
Disagree
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Eugene RomanenkoICO team member replied on 27 Sep 2018
Mr. Nakazoto, the unique idea of this project is that our token is not just backed by a real gold, but it is gaining value after some time. We decided to use "golden weight" as the measure of value of our token. And we are not just buying gold in order to back our token, we will mine it. The more gold is mined-the more of it is distributed-the more value each token gets. Also, after some time we will create a buy-back system, so each user can hold his tokens and then - sell it to us using it's current "weight" rate. Also, a blockchain technologhy implemented into all weighing processes will allow each user to see how much weight each token gets. Regarding the token itself - SGC token is ERC-20 one. But since our token mechanics are pretty difficult even in terms of legal things - we are thinking over alternatives. There is a team who helps us to develop our internal blockchain (that will be implemented into the mining facility), but since we are looking for some decend results - we are not showing them to public for now. Also, all the team updates should be reviewed and approved by our lawyers from Switzerland, so it's not so easy to process with everything, when your token is defined as an Asset Backed.
Purushotham Maralappa
Consulting Manager at Emurgo, Blockchain and Tokenization advisor
Rated on Feb 28, 2018
3
3
2
7%

why blockchain? what gives the value?

Agree
-3
-3Disagree
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Dmitrii KonovalICO team member replied on 28 Jun 2018
Our project requires blockchain for a transparent data about gold mining process. As you may know, there is a huge possibility of a gold ore theft during the gold mining process. Implementation of blockchain into mining operations will allow each and every member of our community to receive a clear data about our mining process and results. Also, it excludes the possibility of data changes.! Thanks for attention :)
Simon Choi
Fintech & ICO Lawyer
Rated on Dec 25, 2017
4
4
4
3%
This rating's weight is reduced by 50% as there is no review added.
George Erman
I am now open to taking on consulting roles, security tokens only
Rated on Jun 25, 2018
4
4
4
6%

Team: ★★★★
Vision: ★★★★
Product: ★★★★

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.

+1Agree
0
-1Disagree
Report
Doris Cornago
Account and Investor Relations Manager at Utopian Capital
Rated on Jul 21, 2018
Modified on Jul 21, 2018
4
5
4
5%

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.

+1Agree
+1
Disagree
Report
Gary Chan
Community Manager
Rated on Jul 21, 2018
Modified on Jul 21, 2018
4
4
4
4%

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.

Agree
0
Disagree
Report
Eugene RomanenkoICO team member replied on 10 Aug 2018
Hello, Mr. Chan, you can check our comment below, where we are explaining on what's the core idea and the concept. I'll re-send you my explanation, I wrote below.
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.
Fang Jiaw Lim
Dr
Rated on Feb 20, 2019
Modified on Feb 20, 2019
4
3
4
3%

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

Agree
0
Disagree
Report
Jamil Hasan
Project Closer to get you to the finish line
Rated on Aug 9, 2018
4
4
3
2%

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.

Agree
0
Disagree
Report
Eugene RomanenkoICO team member replied on 10 Aug 2018
Mr. Hasan, thank you for your feedback, if you might have any questions regarding our project - you are always welcome to ask, we will provide you all the needed info.
David Fritsche
Founder Secured Communications, NASA, Author, Coach and Smart Cities BLOCKCHAIN
Rated on Aug 8, 2018
Modified on Sep 24, 2018
4
3
4
2%

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.

Agree
0
Disagree
Report
Benchy
ICO analyzer bot
4.3
19%

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 KYC Report
2 members invited
Dmitrii Konoval
Passed
Dmitry Shuval
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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