SGC - Gold coins that are free of manipulation and have many utilities

Hello friends all still with me Ade prayoga. This time I will provide information about a very interesting project for you to know about in a new cryptocurrency called SGC. Before heading to the discussion, I think we all agree that blockchain technology still needs efforts that encourage adoption to continue to grow and continue to grow in the future.

INTRODUCTION

The world economy is filled with various cryptocurrency that fails to fulfill their promises and fiat currencies controlled by the government for their own interests. Responding to this growing problem, Secured Gold Coin Pty Limited; based in Australia, has developed the Secured Gold Coin (SGC coins), a digital currency that was initially released 60 percent of coins backed by gold, fully decentralized, and free of manipulation by any single entity. 60% gold coins supported early released means that the amount of gold supported coins at the time of initial release is not affected by the volatility of SGC or Gold coin prices in the future. SGC coins are unique because they are made specifically for global use with a virtual wallet that eliminates the need to carry physical cash.

The advantages of SGC blockchain-based software contracts (smart contracts) allow SGC coins to be decentralized, secure, and transparent for all users. SGC will initially use standard digital coins that can be exchanged with certain digital currencies and paper currencies. SGC holders will have the ability to buy and sell their coins following an official register on public cryptocurrency exchanges.

The main purpose

We focus on achieving three important goals. We believe the achievement of these goals is aligned with the best interests of SGC users and will provide intrinsic value to the community that receives SGC coins.

• First goal
  is to develop hybrid currencies that are supported by assets that are safe, stable and usable, so that digitizing real world assets

• Second,
  we aim to supply digital assets that combine ease of access, transparency and reliability in digital assets that can be used every day or in the long run.

• Finally
  it is important that the principles of security, stability and usability are embedded in the SGC concept.

WHY SGC?

Most companies that offer gold-backed digital currencies are reluctant to save any physical gold to avoid the security headaches or other risks involved. In addition, they do not want to depend on any third party to be involved in their system to ensure the security of their gold reserves. Safe Gold Coins with its partners, ready to face challenges as they store physical gold in a safe safe. Thus, when you become an SGC coin user, physical gold equivalent to 60% of the initially released SGC coins will be attached to your wallet address and displayed on the SGC Blockchain Explorer. So every time a user buys SGC coins, a gold certificate is attached to the user's wallet address. After the certificate is issued, the wallet address will remain the same even if it is traded to another address. Which means that the price and amount of gold stated on the certificate against the SGC coins purchased, will remain the same and cannot be changed on the resale, valuation or devaluation of the same coin.

Purpose

In addition to our main goal of providing universal cryptocurrency for users to trade hybrid digital assets (assets + utilities), and make payments, we look forward to the goal that will make SGC coins global. With the integration of our SGC PAY Debit Card, SGC coins will be adopted as the mainstream. The SGC PAY will open new ways of spending and sending SGC coins. The SGC Online Shop aims to provide a way of utilization for our hybrid (asset + utility) coins. And finally registering our coins on the global exchange will make trading easier for users.

• We have built fundamental relationships with MasterCard, Visa Cards and Union Pay
• SGC PAY debit card integration
• SGC PAY
• List of SGC coins on the exchange
• SGC Online Shop
• SGC Crypto Bank
• Achieve at least a 51% utilization rate in the retail-based market by 2024.

PROBLEM

Challenges in the Banking System

In the banking system, there are a number of monetary problems, especially in the settlement of cross-border payments which form the basis of our business today. This system has many inherent weaknesses and challenges that we need to overcome. Many of our businesses are struggling because of the weaknesses of our conventional banking system. A centralized banking system has become the root of the challenge. The bank is controlled by a central authority that requires users and businesses to depend on it. So, even if it is a cross-border payment or even someone's money transaction from a bank, someone relies on the bank to make a transaction that also imposes a large fee in turn. These high costs themselves are unprofitable for businesses because they are racing in part from company profits.

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 can even 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 mobile applications, SGC coins have all the options for creating SGC user content.

Cryptocurrency challenge

To overcome the problem of traditional investment and stock exchange, cryptocurrency was introduced. A cryptocurrency is a digital asset that is 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. Cryptocurrency is classified as part of digital currency and also classified as part of alternative currencies and virtual currencies. Initially, they seemed to solve the problems encountered in traditional investment procedures but they had inherent limitations and challenges there. During a certain period of time, cryptocurrency was developed in the following way.

Currency Coins

Currency tokens / coins such as BTC, ETH, and LTC are made only as a substitute for banknotes. They are used as a method of payment and can be traded with real fiat. users have used it as an investment because various cryptocurrency trends show an increase in Bitcoin ratings above. But these currency coins specifically bitcoin have been very volatile from the start. Bitcoin price volatility can be visualized from the chart below where the value of the bitcoin index for the end of October 2016 was 679 US dollars reaching 19,783.06 US dollars on 17 December 2017, in just one year.

Utility Coin

Utility tokens / coins formed after the evolution of currency coins. These coins are mostly used at ICO and expect to increase value for users by providing practical utilities to users and users of the platform. The valuation of these coins depends on the supply and demand cycle and is therefore vulnerable to external stimuli. One cannot guarantee future profits while investing in utility coins. Here is a plot of 118 coins that have floated to the market that has reached at least an average market capitalization of $ 250,000 in one year of existence. The graph clearly illustrates how the value of most coins has fallen.

SGC Hybrid Coins

Feature

Security
Users will be able to track all transactions and these transactions will become a timeless courtesy technology blockchain.

Stability
The SGC coins are stable with their value because their value will not fluctuate or drain as other cryptocurrencies' values ​​have become. SGC coins are supported by gold which will remain in high demand which will keep its value stable. So users will get definite benefits when they exchange SGC for fiat currencies with high exchange rates

Use
Users can use secure gold coins to make payments while buying different items. They can use SGC coins to trade and exchange them for other cryptocurrency or fiat from global exchange. SGC coins are available for every new user because the registration process is quick and easy.

SGC PAY Debit Card
Because cryptocurrency has not been accepted everywhere until now, it is a very useful way to spend SGC coins using your SGC PAY Debit Card because making SGC coins can be used everywhere.

Security Token

Security tokens and Security Token Offers (STOs) are new to the market. They were introduced to overcome the problem of currency tokens and utility tokens. Security tokens offer users dividends from company profits. They work together with stock exchanges. However security tokens are safer than utility currencies but the problem of losing all investments in case of loss still exists. There is only a need for digital assets that can guarantee users of some value guaranteed to eliminate insecurity. The predicted sensation cycle also predicts a reduction in security token liquidity in the coming years.

SGC Wallet

Secured Gold Coin Pty Limited has developed its crypto wallet which will make it easier for users to make transactions and view their information about transactions carried out on their own. SGC aims to provide convenience to users with as many choices as possible, has developed SGC Wallet on various platforms including the SGC Web Wallet, SGC Mobile Wallet (Android, iPhone), and the SGC Desktop Wallet (Windows, Linux, MAC). Our SGC Wallet allows users to,

• Create a New Account:
  users can create new wallets from the SGC Wallet application on all platforms. This refers to the generation of new credentials.

• Account Import:
  Users can import existing accounts into SGC Wallet using a Key Store file or private key.

• Passphrase and Pattern Pattern:
  SGC has used a passphrase and security pattern. This involves encryption of keys with a passphrase or pattern (for mobile devices).

• Check Account Balance:
  users can check their account balance.

• Check the Entire Account Balance in the Wallet:

• Check Transaction:

• Check Transaction History:

• Send SGC Coins:
  Users can send SGC coins from their wallet by setting transaction fees according to their choice. A user is required to provide an account passphrase before the transaction.

• Integrate the SGC PAY Debit Card:
  The SGC Wallet is equipped with the SGC PAY Debit Card integration functionality to enable additional usability features for SGC Coins.

• Spread Contract:
  Users can use a contract from SGC Wallet by providing a private key at run time. No key will be stored during the process.

Coins at Initial Release

• Total Price Per Coin (USD): $ 1
• Price of Utility Parts Per Coin (USD - 40%): $ 0.4
• Price of Gold Parts Per Coin (USD - 60%): 0.6
• Current Gold Price Per Gram (USD): $ 40
• Gold Per Coin (Gram): 0.015 gram

Coins at Initial Release

• Total Price Per Coin (USD): $ 10
• Price of Utility Parts Per Coin (USD - 40%): $ 8.8
• Price of Gold Parts Per Coin (USD - 60%): $ 1.2
• Current Gold Price Per Gram (USD): $ 80
• Gold Per Coin (Gram): 0.015 gram

COIN DETAILS

This event schedule is only a projection of future coin releases: it is dependent on demand and supply and may change at any time. Deviations from this schedule will be accompanied by an official announcement to the public. Furthermore, the total supply of existing SGC coins will not exceed one billion SGC coins.

SGC COIN SALE

• Join: sale.securedgoldcoin.com
• Contact ID: sale@securedgoldcoin.com
• SGC Sales Start Date: October 4, 2019
• Special Offer End Date: October 14, 2019
• SGC Sales Supply: 1 Million
• Coin Price: 1 US Dollar
• Currencies Received: BTC, ETH, USD

ROADMAP

Conclusion

To be able to reach a bigger market - both cryptocurrency and gold investors, Secured Gold Coin needs as a platform to use the services of expert digital marketers and influencers to drive traffic to their social media channels while creating attractive online communities.

Displaying platforms in leading media publications such as Forbes, Yahoo Finance, CCN, CoinTelegraph, Investing.com, and Hackernoon which have a large reader base can prove invaluable in bringing Safe Gold Coins to the attention of potential investors.

Also, the inclusion of more incentive-directed community activities aimed at increasing the online presence of the Secure Gold Coin will serve to further enhance the project's online visibility.

Realizing that all big things take time, I believe that in the nearest future, Safe Gold Coins will be one of the most preferred ways to invest in the highly liquid and profitable gold market.

For more information see the link below:

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

Author: dey90

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=731808

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