Based in Switzerland and operating in Sudan, Sudan Gold Coin is a gold mining investment platform. Users are able to invest in the gold mining market by purchasing SGC tokens which exist physically and each one contains 0.05 grams of pure gold. Sudan Gold Mining plans to gradually increase the percentage of gold in the SGC tokens so its value can keep rising. The company is creating a Gold Mining Plant in Sudan using the investments that came from the SGC tokens purchases.
The SGC token is an Ethereum-based ERC20 cryptocurrency, it also exists as a physical coin that contains a small percentage of gold. It is an investment token as it is tied to the gold price.
Sudan Gold Coin ICO began on August 24, 2018. The ICO token supply represents 69.2% of the total token supply, so there is a total of 17,300,000 SGC tokens available, for 1 USD each. The ICO funding target is 10,000,000 USD, the funding cap is 28,000,000 USD and is expected to end on September 30, 2018 or when the funding cap is reached.
Token Reserve Split (30.8%):
Sudan Gold Coin ICO features a bounty campaign as well as the following bonus structure., and the token will not be mineable.