Sudan Gold Coin

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.