Sudan Gold Coin to disrupt crypto market very soonThe crypto currency market has seen it all; all time high values, wild intra-day fluctuations in value, panic selling metal. However, there are signs that the market is maturing. Institutional investors have started to invest in crypto currencies. It is at this juncture that the promoters of Sudan Gold have embarked upon an ICO for their project. The project has many unique attributes that surely make it a project conceptualized at the right juncture. Signs of maturity in the crypto market are visible in this project too.
The SGC project is all about designing a platform where you can trade crypto currencies as well as minerals. So it kind of amalgamates commodities and crypto coins in one platform. However, this is only a very basic idea about the project. The promoters have envisioned a platform through which crypto currency can be exchanged for gold. However, it is not only the ability to exchange the coins for gold that makes it a unique project. It is the idea of physically mining gold and setting a base price for each coin in terms of gold that has sparked off a race for investment. The project envisages mining gold and has set a base price for each Sudan Gold Coin at 0.05 grams of gold.
The project also envisages that the demand for Sudan Gold Coins through the ICO and later will increase. This will add an impetus to the price of the currency. As the price of Sudan Gold Coins increase its value in gold also increases and so the system mines more gold. The mined gold will then be accounted for and distributed through a Blockchain system. Such a system ensures proportionate distribution, transparency and safety of transaction at all levels.
So the whole idea revolves around demand for the Sudan Gold Coins and its price in gold. The unique idea of crypto coins being valued in terms of gold is very likely to increase the demand for this coin. So far crypto coins did not have any hedging mechanism. This project has imparted such a mechanism to crypto currencies. So the demand for the coins is likely to increase and even skyrocket in the near future. As the demand increases the amount of gold mined for each coin increases. Investors can exchange their coins for physical gold and reap magnificent rewards.
However, to do all these and bring such a wonderful opportunity to investors, the project has to go through several certifications and legal opinions. At present it has received comprehensive legal opinion about what to do and what not to do. The outcome is encouraging. The project now has a legal backing to all its plans and systems.
To implement the legal opinions the project has to update many processes, systems and plans. This will not only make transactions more secure, but also make the whole project and the platform secure and transparent. Once the legal opinions are implemented investors can take heart from the fact that there is no scope of intruding people’s personal lives.
The platform is ready and the idea is all set to take shape. However, there is still so much of progress to make. The platform is also set to include news, information, charts as well analytics of different minerals. This will help investors trade better and earn more profit. However, initially the platform is slated to include only gold for trading. All subscribers to the ICO will be able to use the platform for free. If an investor wishes he can also use his tokens for “premium” functions like deep analytics for better trading.
Present StatusThe project is making steady progress. The promoters have -
•Secured the required land from Sudanese government for opening the gold mining plant there.
•Entered into contract with Sudanese companies for gold mining operations, logistics as well as security.
•The blockchain technology which will control the entire operation from mining to distribution of gold is under implementation.
•Auditors have suggested several measures and rectifications to bring the whole project within a legal framework. Promoters are now implementing the changes suggested by the auditors.
A Bright Future •The process updates and legal measures suggested by the auditors and legal luminaries are going to ensure a watertight system that will ensure that the project idea takes shape as conceived even after the ICO ends.
•Once the suggestions are implemented completely Sudan Gold Coin is slated to come up as a viable and attractive investment instrument.
•The moot point of the project, i.e exchanging crypto for minerals remains intact even after implementing all the updates and legal opinions.
•It is time to secure some discounts on the Sudan Gold Coins and reap rich discounts in future.
