What is Sudan Gold Coin?
Sudan Gold Coin (SGC) is a cutting edge cryptocurrency Project , which provides its ICO investors with a unique opportunity to invest both in crypto and real worlds by backing digital tokens (Sudan Gold Coin) with a defined amount of physical gold.
The amount of gold, assigned to each token initially, at every stage of the Project realization except post-ICO stages is constant and equals 0,05 grams. Yet, the price of the token differs at each stage of the Project Maturity from 50 cents up to 1,9 dollars. After launching the gold mining operation in Sudan, which is the eventual purpose of ICO Project-Part realization, the mined gold starts to be distributed between tokens until the initial obligation of 0,05 grams per token is met.
However, the most interesting option for investors is the ever-growing weight of the acquired token. Bought at the early stages of the project for 0,5-1,25$, the tokens are not only 0,05 grams liabilities but a surefire way to quarterly bring their holders approximately 0,03 grams in the weight of gold per each token, distributed from the mined gold. Such proposition allows investors to choose the most desired and appropriate strategy:
● To indefinitely continue accumulating the gold amount assigned to each
token through quarterly gold distributions.
● To exchange tokens for gold, which can be sold either by SGC or by the
investor himself or passed to the investor in the form of solid gold.
● To combine the above-described two strategies.
Sudan Gold Coin Project utilizes a blockchain based technology of ETHEREUM SMART CONTRACT that provides maximum security and transparency of the invested funds, while keeping up with the most recent global ICO legislation developments. Thus, all the investments are placed not with Sudan or Dubai company but with the holding company, located in Zug, Switzerland, where the ICO project is initially audited and the permission for ICO activities is officially given by FINMA, the organization responsible for financial monitoring of ICO projects.
SGC Project Legal Framework is designed to secure the investments and provide the full transparency of the ICO and the project realization:
Swiss Company – a legal entity registered in Switzerland (canton Zug) with a license for conducting cryptocurrency activities and an account in a local bank which is friendly to crypto-currency transactions. This legal entity will make a collection of the crypto currency during the ICO and the sale of tokens, and the received fiat money will be transferred to the UAE company for purchasing the equipment and conducting business activities.
UAE Company – a legal entity registered in the UAE (Dubai). This company will act as a foreign direct investor in Sudan. The company will not be used to raise funds for the ICO. The company will be the custodian of the gold extracted by Sudan Gold Coin Project.
Sudanese Company – the company, which will hold the rights to extract gold in Sudan and accept FDI (foreign direct investments) from UAE Company.
The company will perform the main operational activities for the extraction of gold.
The Swiss company is planning to raise from $10 to $28 million till the end of 2018.