Secured Gold Coin - SGC, is a hybrid coin that is backed by 60 percent gold, is fully decentralized, is free from manipulation of entities, and has many utilities. SGC coins are specifically made for global use with a virtual wallet eliminating the need to carry physical cash. This is a safe, stable, and can be used for all types of crypto users without fear of rapidly declining coin prices. With the ability to spend, receive, and invest SGC coins with your current SGC Pay Debit Card, SGC coins are proven to be the safest and most reliable cryptocurrency available.
Key Objectives
We are focused on achieving three critical objectives. We believe the achievements of these objectives are congruent with the best interests of SGC users and will provide intrinsic value to the communities that embrace SGC coins.
WHY SGC?
Most of the companies offering gold-backed digital currencies are reluctant to store any physical gold for avoiding the headache of security or any other risk involved. Moreover, they do not want to be dependent on any third party to get involved in their systems to ensure the security of their gold reserves. Secured Gold Coin with its partners, is ready to face the challenges as they store physical gold in a secure vault. Thus, when you become the user of SGC coins, the physical gold equivalent to 60% part of your initially released SGC coin will be attached to your wallet address and displayed on the SGC Blockchain Explorer. So whenever a user buys SGC coins, a gold certificate is attached to the wallet address of the user. Once the certificate is issued, the wallet address shall remain the same even if its traded to other addresses. Which means that the price and quantity of gold mentioned on the certificate against the SGC coin being purchased, will remain the same and cannot change on the re-selling, va uation, or devaluation of the same coin.
Goals
Other than our key objective of providing a universal cryptocurrency for users to trade hybrid digital assets (assets + utility), and make payments, we are looking forward to the goals that will lead the SGC coin to become global. With our SGC PAY Debit Card integration, the SGC coin will be adopted as mainstream. The SGC PAY will open new ways of spending and sending SGC coins. The SGC Online Shop aims to provide ways of utilization for our hybrid (asset + utility) coins. And finally listing our coins on global exchanges will make trading easier for the users.- We've established a fundamental association with MasterCard, Visa Card, and Union Pay
- SGC PAY debit card integration
- SGC PAY
- List of SGC coins on exchange
- SGC Online Shop
- SGC Crypto Bank
- Achieve at least a 51% utilization rate in the retail based market by 2024.
PROBLEMS
Challenges in Bangking System
In the banking system, there are several monetary issues specifically in the cross-border payment settlement which is the base of our businesses today. The system has many inherent flaws and challenges that we need to overcome. Many of our businesses are struggling because of the drawbacks of our conventional banking system. The centralized banking system has been the root of the challenges. Banks are controlled by a central authority who demands the users and businesses to be dependent on it. So, even if it is a cross-border payment or even a transaction of one's money from the banks, one is dependent on the banks to perform the transaction which also charges heavy fees in turn. These high fees in themselves are not favorable for businesses as they are a part of the company's profit.
SOLUTION
SGC Coin is not only cryptocoin supported by assets but also functions as a hybrid coin. On the one hand, the initial release is 60% supported by physical gold on the other hand it can be used as a utility coin on our E-commerce platform, traded on the exchange or even can be integrated with our SGC PAY Debit Card for further payment options. To make currencies available wherever you go, SGC has introduced various methods for SGC uses. These options make SGC available to you when and when needed according to your needs and choices. From making payments on the online e-commerce platform to paying at the point of sale with the SGC PAY Debit Card, from trading to sending and receiving money from the mobile application, SGC coins have all the options for creating SGC user content.
- Challenges of Cryptocurrencies
To overcome the issues of traditional investments and stock exchanges, cryptocurrencies were introduced. A cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies. Initially, they seem to solve the problems faced in the traditional investment procedures but they have inherent limitations and challenges as well. Over a period of time, cryptocurrencies are evolved in the following manner.
- Currency Coins
Currency tokens / coins like BTC, ETH, and LTC were made just as a replacement for fiat money. They are used as a payment method and can be traded for real fiat. users have used them as investments owing to the trends of various cryptocurrencies showing an increase in valuation Bitcoin being on the top. But these currency coins specifically bitcoin have been extremely volatile since its inception. The price volatility of bitcoin can be visualized from the graph below where the bitcoin index value for the end of October 2016 was 679 U.S. dollars reaching to 19,783.06 U.S. dollars on December 17, 2017, in just a year.
- Utility Coins
Utility tokens / coins came into being after the evolution of currency coins. These coins are mostly used in ICO's and expect an increase in value to users by providing practical utilities to the users and platform users. The valuation of these coins is dependent on supply and demand cycles and are thus vulnerable to outside stimuli. One cannot guarantee a future profit while investing in a utility coin. Here's a plot of 118 coins that have been floated onto the markets that have achieved at least an average of $ 250,000 market cap in any one year of their existence. The graph clearly depicts how the value of the most of the coins has fallen
- Asset-Backed Hybrid Coins
After the introduction of Bitcoin and Ethereum, there has been constant research on improving the cryptocurrency market. The cryptocurrencies have kept on improving from a basic investment based on tradable currencies to utility coins, security coins, asset-backed coins, and now the hybrid coins.
- Asset-backed
coins are the invention for the future. These are the blockchain coins backed by real valuable assets mostly at 1: 1 ratio but can be changed depending on the need of a platform. Backing a coin with the real-world tangible or intangible object of economic value makes the worth of the coin exactly the value they are backed for. Thus, there is never the risk of losing digital assets until or unless the worth of assets falls.
SGC Hybrid Coins
Tokenizing assets have become a very advantageous source of making investments as it is turning the world into a massive stock market. There are some benefits of asset-backed coins given below:
- Liquidity enhancement
Asset tokenization enhances the liquidity of assets that otherwise has very low liquidity. It allows asset owners to capture liquidity premiums from assets that otherwise, due to low liquidity would not be actively traded because of low liquidity results in making assets expensive to trade.
- Instant traceability via exchanges
Liquidity matters when introducing a new type of asset; users will be nervous and so will want to avoid long-term lock-ins. Real-time settlement offers instant traceability via crypto exchanges, which is the first step towards liquidity.
- Diversification of risk
Through tokenizing assets, people who cannot make huge investments can invest in some percentage of the whole asset making them able to get the ownership of one cheap part instead of an expensive whole. Tokenizing the asset allows diversification of risk such that one owner won't be much affected if the whole asset is damaged and loses its value because it has invested in a part of different assets.
- Ownership transference without restrictions
Asset-backed coins let the dealers and owners transfer ownership without the restrictions of temporal and territorial barriers as the coins can be sold globally.
- A secure and cost-efficient way of getting ownership
Asset-backed coins on blockchain provide secure, cost-efficient, and fast ways of getting ownership as the transactions on the blockchain have low to no transaction costs.
- Referral incentivization for influencers
An influencer who has fractional ownership of an asset through asset-backed coins is incentivized for bringing more users or buyers into the asset.
- Low administrative costs
Tokenization diminishes the administrative costs: due to excessive documentation because smart contracts instantly execute agreements that improve the speed of settlements.
- Availability of assets' ownership history
Trust through verifiability, transparency, and immutability. This is where regulation is critical as we are in the scammy era of Blockchain today. Tokenizing the assets using block - chain makes the asset securitization easier because the owners can know the history of the assets about previous ownership. Moreover, lawyers can make use of the transaction history to transfer ownership of the assets. In this way, the frauds like occupying land illegally, in the real estate industry would be minimized as complete history would be available.
MARKET ANALYSIS
People often question how digital currencies can have value without being backed up by any tangible assets. The answer is: they are more durable, invisible, functional, scarce, and transferable than fiat currencies. But there are several digital currencies backed by tangible assets known as asset-backed tokens / coins. The most popular of asset-backed digital currencies are Gold-backed coins that have physical gold to sustain their value. The potential asset-backed coin market size is much bigger and encompasses different assets such as oil, gold, fiat currencies, diamonds, real estate, shares of companies, artwork, intellectual property etc.
Security Tokens
Security tokens and Security Token Offerings (STO) are the new things in the market. They were introduced to tackle the problem of currency tokens and utility tokens. Security tokens offer dividends from the company’s profits to the users. They work the same as the stock exchange shares. Security tokens are however more secure than utility currencies but the problem of losing all the investment in the case of loss is still there. There is just a need for a digital asset that can assure users of some guaranteed value to remove the insecurities. The predicted hype cycle also foresees a fall in the liquidity of the security tokens in the upcoming years.
SGC Wallet
Secured Gold Coin Pty Limited has developed its crypto wallet that will facilitate the users to make transactions and view their information on transactions made by themselves. SGC in its aim to provide users with ease with as many options as possible, has developed the SGC Wallet across multiple platforms including SGC Web Wallet, SGC Mobile Wallet (Android, iPhone), and SGC Desktop Wallet (Windows, Linux, MAC).
Coin at Time of Initial Release
- Total Price Per Coin (USD): $ 1
- Utility Part Price Per Coin (USD - 40%): $ 0.4
- Gold Part Price Per Coin (USD - 60%): 0.6
- Current Gold Price Per Gram (USD): $ 40
- Gold Per Coin (Grams): 0.015 gm
Coin at Time of Initial Release
- Total Price Per Coin (USD): $ 10
- Utility Part Price Per Coin (USD - 40%): $ 8.8
- Gold Part Price Per Coin (USD - 60%): $ 1.2
- Current Gold Price Per Gram (USD): $ 80
- Gold Per Coin (Grams): 0.015 gm
COIN DETAILS
This schedule of events is merely a projection of future coin releases: depending on demand and supply and is subject to change at any time. Deviations from this schedule will be accompanied by an official announcement to the public. Furthermore, the total supply of SGC coins in existence will not be at any point in time exceeding one billion SGC coins.
SGC COIN SALE
- Join at: sale.securedgoldcoin.com
- Contact ID: sale@securedgoldcoin.com
- SGC Sale Start Date: October 04th, 2019
- Special Offer End Date: October 14th, 2019
- SGC Sale Supply: 1 Million
- Coin Price: 1 US Dollar
- Currencies Accepted: BTC, ETH, USD
ROADMAP
WEBSITE - https://www.securedgoldcoin.com/
TWITTER - https://twitter.com/SGC___official
FACEBOOK - https://www.facebook.com/sgccoinofficial
LINKEDIN - https: //www.linkedin. com / company / sgc-official /
TELEGRAM - https://t.me/securedgoldcoin_SGC
MEDIUM - https://medium.com/@SGC_official
WHITEPAPER - https://www.securedgoldcoin.com/file/SGC_Whitepaper_V_1. 0.1.pdf
ONE PAGER - https://www.securedgoldcoin.com/file/SGC_Onepager_V_1.0.0.pdf
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Author
Bitcointalk Username: saiful
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=858487
Telegram Username: @ saiful993
Email Address: saifulrijal993@gmail.com
ETH: 0xe050b5b6aab7bebbe65b8b2baf4ff5e5ce730735
