Review of Secured Gold Coin (SGC)
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. All SGC coin users have the right to use their coins to make payments or send money, to sell their coins in the cryptocurrency exchange market or to trade any amount of SGC coins. All physical gold bars are stored and stored in a safe protected under the safeguard of Gold Silver Central Pty Limited in Singapore and the gold certificate will be renewed at the end of every month. Content insurance is provided by Lloyd's of London.
Our strategic goal is to change the global marketplace by providing decentralized digital currencies for all users globally. At the same time, our vision is to serve the global community by advocating a fair market based on actual demand and supply. As of April 2020, Secured Gold Coin Pty Limited is estimated to have at least 250,000 users in the global market. This user base is expected to increase to 500,000 by December 2020.
What is Secured Gold Coin?
Secured Gold Coin - SGC, is a hybrid coin that is supported with 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 coin that is 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.
ASSET-BACKED HYBRID COINS - HOPE
After the introduction of Bitcoin and Ethereum, there has been constant research on the improvement of the cryptocurrency market. Cryptocurrency has continued to increase from base currency investments that can be traded into utility coins, security coins, asset-supported coins, and now hybrid coins.
An asset-backed coin is an invention for the future. This is a blockchain coin that is supported by real valuable assets mostly with a ratio of 1: 1 but can be changed depending on platform requirements. Supporting a coin with tangible or intangible economic value objects in the real world makes the value of the coin exactly the value they support. As such, there is never a risk of losing digital assets until or unless the value of the asset falls.
Of the coin-backed assets, gold-backed coins are the safest and main stream due to stable gold prices. SGC, in order to provide an asset-supported payment option to the audience, has developed the initial 60% gold coins released which have gold stability and crypto use. SGC coins will be 60% gold supported at the time of initial release which means that the amount of gold that supports the coin at the time the coin is released will not be affected by the volatility of SGC or gold coin prices in the future.
SGC coins are not only asset-supported coins but hybrid coins that can be used for various payment options ranging from paying on online e-commerce platforms to point of sale payments via the SGC PAY Debit Card. Hybrid coins are the future. Withholding all property from coins backed by stable and secure assets and the utility of utility coins, SGC is the solution for all payments, and crypto problems facing the world.
WHY SGC
Competitor analysis
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.
Another reason that distinguishes SGC from other asset-based digital currency based systems is its use through the SGC PAY Debit Card. Secured Gold Coin Pty Limited provides the functionality of its SGC PAY Debit Card to improve its SGC coin utility because users can buy different items by making payments via the SGC PAY Debit Card: containing SGC coins.
Security:
Users will be able to track all transactions and these transactions will be an eternal courtesy blockchain technology.
Stability:
SGC coins are stable with value because the value will not fluctuate or empty like other cryptocurrency values.
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 currency 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.
SGC BLOCKCHAIN
Blockchain is a decentralized distributed ledger that allows transactions that are safe, fast, and cost-effective to be made in a short time. With a blockchain, stored data cannot be changed as soon as it is entered which makes it a distributed ledger that does not change. Being a decentralized and distributed architecture, blockchain allows everyone on the network to take part in a transaction validation mechanism called consensus making it highly trusted, secure, anti-fraud, and durable for data storage.
Because of these features, blockchain technology has been able to attract many industries so far. The main benefit of blockchain is that it allows digital information to be distributed but not copied, which can be accessed by anyone but prevents attempts at removal, alteration, concealment, or falsification. Digital information can be duplicated through thousands networks and this information can be updated regularly which is then directly reflected in the network. Regardless of how many SGC coins are sold, the account ledger will reflect the latest information. Each block on the blockchain consists of data embedded in the network as a whole, and by definition, it is in the public domain.
- Record and validate every transaction made, which makes it safe and reliable.
- Discard ned for third parties for peer-to-peer transactions.
- The user controls all their information and transactions.
- Complete, consistent, timely, accurate and widely available.
- Reduce transaction time to minutes and process 24/7.
- The decentralized system, therefore, is not too risky to be hacked.
SGC HYBRID COIN
COIN ECOSYSTEM
SGC coins are hybrid coins that are being developed on the SGC blockchain. SGC coins are coins that can be printed, burned, closed and paused. The first SGC coins released were 60% backed by gold and the remaining 40% were part of the utility crypto. SGC coins must be 60% gold supported at the time of initial release, launch and / or mine only, the weight of the gold will then remain static and the price will vary depending on the latest gold price. Increasing the price of crypto (the 40% utility portion of the coin) will not cause an increase in price, value or weight of the gold portion and vice versa. It is important to note that the prices of the two parts do not depend on each other. SGC will issue a gold certificate attached to the address of the first user's wallet, which can also be validated from the SGC Blockchain Explorer.
For example if SGC Coins at the time of release / launch / mining are worth $ 1, gold equal to 60% of this price will be allocated for coins and certificates must be attached with the wallet address of the first user account. Details of coins and gold per coin are as follows.
After that, gold per coin will remain the same and will be controlled by the latest gold price, while the price of the coins from the remaining parts will depend on market and user demand.
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
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 options as possible, has developed SGC Wallets 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 app on all platforms. This refers to the generation of new credentials.
- Import Accounts: users can import existing accounts into SGC Wallet using a KeyStore 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 Transactions:
- 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 Contracts: Users can use contracts from SGC Wallet by providing a private key at run time. No key will be stored during the process.
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
Hopefully the Secured Gold Coin (SGC) project is useful for those of you who want to get to know about the SGC project, for more detailed information about the Secured Gold Coin (SGC) project. You can visit the link below
Website: https://www.securedgoldcoin.com
Twitter: https://twitter.com/SGC___official
Facebook: https://www.facebook.com/sgccoinofficial
Medium: https://medium.com/@SGC_official
OnePager: https://www.securedgoldcoin.com/file/SGC_Onepager_V_1.0.0.pdf
Telegram: https://t.me/securedgoldcoin_SGC
Telegram: https://t.me/securedgoldcoin_SGC
author: fikal01
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2570080
SGC Wallet: 0x3e9f7C218e9Dfc1455B8ec319809c0186e833706
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