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glendall (OP)
Legendary
Offline
Activity: 2170
Merit: 1019
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October 05, 2019, 12:16:47 PM |
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reserve
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olkah
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October 05, 2019, 12:52:49 PM |
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algo coin 
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DaMut
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October 05, 2019, 03:18:46 PM |
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From what I read you are trying to be a stable coin and it is backed by real gold(60% gold), am I correct? then how it is possible to call it decentralized? as far as I know, a decentralized coin is a coin that nobody owns completely and has no authority. but with reserve, it is totally impossible for a coin to be a decentralized coin because there is authority behind it and the price is being determined by the reserve. which means the coin is being controlled and centralized.
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CryptoGirl.y
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October 06, 2019, 04:52:01 AM |
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You have a whitepaper error on page 35. In the line "Block Reward". "Starts from 0.34 SGC and will be stable at 0.11 SGC in 2024 and onwards." - written for Ether, not SGC.
Do you use Ethash algorithm in your coin?
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glendall (OP)
Legendary
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Activity: 2170
Merit: 1019
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October 06, 2019, 01:11:58 PM |
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From what I read you are trying to be a stable coin and it is backed by real gold(60% gold), am I correct? then how it is possible to call it decentralized? as far as I know, a decentralized coin is a coin that nobody owns completely and has no authority. but with reserve, it is totally impossible for a coin to be a decentralized coin because there is authority behind it and the price is being determined by the reserve. which means the coin is being controlled and centralized.
Please note that only Initial release is 60% backed by gold which we control only part to update the certificate of the gold on monthly base for initial release of the coins No one control any one wallets all the wallets control by the users as SGC server to not keep any private key in the server I hope this clear on authority control the wallets expect the users and only initial release SGC updates the gold certificate so it’s completely decentralised system
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DaMut
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October 06, 2019, 01:58:33 PM |
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Please note that only Initial release is 60% backed by gold which we control only part to update the certificate of the gold on monthly base for initial release of the coins
No one control any one wallets all the wallets control by the users as SGC server to not keep any private key in the server
I hope this clear on authority control the wallets expect the users and only initial release SGC updates the gold certificate so it’s completely decentralised system
yes nobody controls the wallet, how about the gold itself? what will happen if the team decides to sell the gold? will it affect the price, since the token is backed by gold? Another thing is how about stability? since the team is only backing the first 60% token, the rest will be determined by the market. which will cause volatility, right? then what will you do to keep it on the track and prevent the token from manipulation?
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glendall (OP)
Legendary
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Activity: 2170
Merit: 1019
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October 07, 2019, 06:08:06 PM |
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You have a whitepaper error on page 35. In the line "Block Reward". "Starts from 0.34 SGC and will be stable at 0.11 SGC in 2024 and onwards." - written for Ether, not SGC.
Do you use Ethash algorithm in your coin?
Thanks for the correction, we would to fixed it soon We used open source codes of ETH
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nhbali
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Activity: 2
Merit: 0
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October 09, 2019, 09:22:16 PM |
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Very interesting project. Did Libra copy from you as everyone is making a noise about Libra before it is actually live but no one is talking about SGC.
Let's make Secured Gold Coin popular by participating in the bounty and referral program
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devkon
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Activity: 24
Merit: 0
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October 15, 2019, 01:08:49 PM |
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Grumo
Member

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Activity: 430
Merit: 22
Professional user
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October 18, 2019, 10:21:44 AM |
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bTCBTCbiᴛcoinᗷTCethDOGEzecⅬTCUSDT
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AmoreJaz
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Activity: 3514
Merit: 1105
Leading Crypto Sports Betting & Casino Platform
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October 18, 2019, 07:05:02 PM |
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another gold backed project. in my experience here, if a project is claiming to be backed by gold or any other precious metals, they ended up bad. wondering what the fate of this project will be??? and i dont think dcoin and exmarkets are good exchanges to start with. have read several complaints and seems that they are really not trustworthy exchanges. but anyway, thats your choice! if its true that this will be listed in binance, then maybe you will get a lil bit of credibility here...
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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CjMapope
Legendary
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Activity: 1820
Merit: 1092
~Full-Time Minter since 2016~
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October 19, 2019, 05:24:52 PM |
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idk about this one on binance man haha its ANOTHER physical gold back token, man seen so many of these, this ones minable? THAT should help with a gold peg.. lol will this even survive one year? ill believe this on binance when i see it  imo just another scamtoken till proven otherwise
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~Got this girl in my bed, a roof over my head, i mint a couple coins a week, and thats how i make bread~ ~On the 12th day of Hatzvah, OGminer said to me: "compute root of the merkle hash tree!"~ Prohashing -- Simply the best Multipool!
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tippytoes
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October 20, 2019, 08:38:04 AM |
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idk about this one on binance man haha its ANOTHER physical gold back token, man seen so many of these, this ones minable? THAT should help with a gold peg.. lol will this even survive one year? ill believe this on binance when i see it  imo just another scamtoken till proven otherwise I will wait also for the binance listing if it will ever come true. With gold backed projects, I don't even want to check the proofs anymore regarding their gold possession as it turns out it is not assurance to know that the project is legit or not. They can always make fake certificates and make it look authentic. So maybe let us wait for this project to progress and assess from there...
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Erwin94
Newbie
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Activity: 194
Merit: 0
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October 28, 2019, 03:09:57 AM |
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This is one project many already applying crypto with gold backed ... is the difference striking with other projects on the same basis?
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kudil
Member

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Activity: 1092
Merit: 29
'Free as a bird'
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November 20, 2019, 08:42:46 AM |
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Please do something to your facebook Page ASAP, we need it. Seems Facebook has banned your page and your website too (I can't post your website in my facebook accounty), I'm personally don't understand because others project still available till now. 
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Suke_Teki
Member

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Activity: 588
Merit: 10
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December 01, 2019, 02:23:09 PM |
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Dev says SGC coins are backed with gold and have stable features. why is the price of SGC less than $ 0.1 USD? whereas in WhitePaper page 63, the price of 1 SGC coin is $ 1 USD
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