The world's first blockchain option for gold mining project’s aim is to establish the high-technological and profitable gold-mining business in Sudan. The study area about 8017.8 Km2 that study area is located in an area of promising gold mineralization potentiality zone.
The concession area of the block in Northern State is under the name of GS Multi Activities CO. LTD Financing will be raised by issuing and proposing the Ethereum based tokens during the ICO. The mining facilities in Sudan will be managed by the audited Dubai company - SG mining Co. The decentralized gold exchange will allow to use the SGC token as the main currency for purchasing gold extracted by the any mining company and cross-sale between the gold buyers/sellers, banks and other customers. The unique combination of real gold mining business and an integrated decentralized exchange will ensure the stable growth of the token price.
HOW IT WORKS
Blockchain option for gold mining project’s aim is to establish the high-technological and profitable gold-mining business in Sudan. LTD Financing will be raised by issuing and proposing the Ethereum based tokens during the ICO. The mining facilities in Sudan will be managed by the audited Dubai company - SG mining Co. The decentralized gold exchange will allow to use the SGC token as the main currency for purchasing gold extracted by the any mining company and cross-sale between the gold buyers/sellers, banks and other customers.
Q4 2017 - Pre-ICO
Q4 2017 - ICO
Q2 2018 - Developing Modular Mining
Q4 2018 - Additional sections
Q2 2019 - Gold Exchange
Q2 2020 - Integrations
Attention. There is a risk that unverified members are not actually members of the team
$1 034 548
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.
There’s a lot of problems with Sudan Gold Coin. First and foremost, we feel that there hasn’t been enough evidence provided by the company to bring us to trust that it’s being honest with its stated goals. While the company website and whitepaper are detailed, most of the technical information contained therein reads as an academic explanation of gold mining. There are no direct references to what techniques the company plans to adopt in their own mining operation; likewise there’s no direct evidence that there’s even a real mine somewhere. This makes the entire operation problematic. Without being able to verify the company’s holdings, there’s no way to determine if the money it gathers from its ICO will go towards the building of a mining operation. This places the entirety of the ICO and its ability to be used as a speculative investment into question. Any ICO is, of course, a high-risk investment opportunity. However, with SGC’s amorphous, vague, and possibly even purposefully misleading corporate doublespeak, this raises too many red flags to justify even a modest investment in SGC. In other words, we do not recommend investing significant amounts of resources into SGC, as we don’t have much of any expectation that the company will make good on its promises. Don’t invest anything in this company that you aren’t prepared to lose, as the odds do not appear to be in its favor.
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