Thanks all for participating in our Sudan Gold Coin AMA. We really appreciate all your support. There were really good and thoughtful questions that were asked. For those who missed our AMA, this blog post is for you 🙂
I am Elijah Ifeanyi CMO and Co partner SudanGoldCoin also Vp in block solutions.
My journey to blockchain/cryptocurrency can be dated back 5 years +
I have since then built an impressive career scaling companies from 0-million 💵 in a short period of time.
SGC is the first of its kind, and we are developing the world’s first decentralized platform for trading gold and other precious metals by uniquely combining blockchain technology with gold mining.
Q1. After Chainx IEO. $ SGC Are there any strategies to make the $ SGC more valuable in terms of increasing the number of users and $ SGC to integrate which applications to expand your ecosystem?
Elijah – Currently we have launched multiple IEO on 3 exchanges
ChainX, Dobitrade and Exmarkets.
We are targeting the largest crypto communities and currently a huge promotional campaign is ongoing so we will continue to experience massive growth in our users base.
We have integrated a special debit card functionality which will be accessible to all $SGC token holders, this is an integral part of our ecosystem which will allow users spend their crypto wealth without limitations.
In addition we have confirmed listing from Zg.com as well.
Q2. What is the process of mining operation in sudan and tell about functional features of SGC?
Elijah – We are using deep excavation method for mining
Recently we have launched mining operations in Sudan and can be proud to announce it has been a good milestones for us.
$SGC ecosystem consist of various unique packed functions
-Gold/minerals decentralized trading platform
-our burn functionality: each SGC used to exchange for physical Gold will be destroyed, increasing demand and reducing supply
-30% quarterly profit sharing to $SGC holders
Q3. How do I make the SGC token become GOLD physical / real?
-If the world gold price goes up how about the SGC token is there a positive impact?
Elijah – You can make this request from our platform
Which will enable you exchange equivalent $SGC to the weight of Gold, these gold will be sent to your address provided from our safe vault in Dubai while $SGC used will be destroyed
Each $SGC price will be determined by the weight of a gold per Token
Q4. One problem faced with trading gold is that it is too expensive and some brokers may require you to buy a minimum of $1000 gold. How does SGC solve this problem?? What’s the smallest unit of SGC I can trade or hodl??
Elijah – We have made this a decentralized platform, which is one major reason for applying blockchain to our project
It is completely decentralized and profits will be distributed evenly
Amount to trade or hold-no limit
Q5. Are there facilities in place that will assist in the monitoring and auditing of the Gold production process ? How often do you undergo the distribution of gold between tokens as more gold is mined and how do you make sure they are fairly distributed ?
How do you plan to..
Elijah – Yes
We have put in place plans for that
Distribution of profits will occur quarterly because while Gold weight per $SGC will increase as mining output improves
Fair distribution will be determined by the blockchain where all users can track and verify
Q6. Does your services include selling and buying of physical gold?? Is it possible to swap my physical gold for SGC???
Elijah – At this point we have have not implemented such functionality
You can only swap SGC for Gold at launch
Maybe it’s one to include in the future as we expand ecosystem
Q7. Good Marketing as well as Robust partnerships are the hallmark of successful crypto projects, can you explain more about your marketing to drive global adoption as well as your present and future partnerships that will drive you to success
Elijah – We understand the value of marketing and branding and we will not relent on our push
If you have followed our project closely you must have noticed consistent growth in our user base and community
We have been in talks with the biggest exchanges and leading blockchain companies for partnership as we push for Global expansion
Huge announcements will be shared soon relating to partnerships
Q8. What are your views about DeFi (Decentralised Finance)? Are you interested in it? What are the future Scopes?
Do you have any future plans to work in DeFi with SGC ecosystem?
Elijah – We are constantly analyzing our options with Defi
We are aware of it and if it’s Going to be of great benefit we will opt for it.
Q9. SGC is constantly finding new big partners.Audience is constantly growing.What’s the secret to this growth rate?
This is due to the fact we understand benefit of marketing with our team of experts
Being the CMO of Sudan Gold Coin project I can guarantee we won’t slow down as more campaigns will be pushed out to constantly grow our brand
Q10. Which achievement will want to achieve SGC team in future and what’s plans for achieve this achievement?
Elijah – Our next target after launching mining operations will be to build our own Gold processing factory in Sudan
This is the sole reason for our IEO round
AS it will enable our project scale faster and attain tremendous growth
Q11. how much time will it take for SGC into mainstream adoption?
Elijah – This process will be swift as estimated with high demand for $SGC
Which will only tend to grow more
Q12. Your metamorphosis is a laudable one, how have you been able to survive this longest bear market and continue building and developing cos many projects have died out in this time period
Elijah – We have showcase our strengths here
Which is to show our determination and belief towards the success of $SGC
Our CEO Mr Dmitry Konoval and the SGC team is laudable for this
Now we are crushing milestone and it’s only the beginning
We won’t stop here
- For the last quarter of this year you expect to launch the International Mineral Finance Corporation (IMFC) what empty space in the market does it intend to solve? What highlights can you show us now?
- SGC card is a reality, in which countries is it available, where do you plan to expand this next? And what are the current use cases, Would I use it to buy in Amazon for example?
- If I buy gold in SGC platform, when and where would I be able to withdraw it?
1 announcement will be made regarding this
Follow us and you won’t miss any future developments
2 our debit card will be used to store/spend Gold wealth
It was carefully designed to enable transition from Gold to fiat and spending without any limitations
3 Gold will be sent to your from our vault in Dubai to your desired address according to your value in SGC token used for purchase/exchange
Q14. Could you share me this mining operation is legal or not, is it approved by government yet and how to make sure this mining is safe and protected ?
Elijah – Yes
We are completely backed by the sudanese government and have full license to operate and mine in Sudan
Now we have two lands and we are only exploring one right now
We are real and have been live from 2017
Q15. Will the price of sgn be backed by the prices of real gold bars
Do you have a swap function where I can swap my sgn token for real gold bars and how will they be shipped to my location
Elijah – Price of SGC will be determined by the weight of Gold per Token at the moment
Swap function will be enabled on our platform
And shipment will be from our Holdings in Dubai
Q16. Could you give me 3 key points to convince me and other investors to invest in $SGC in the long-term?
-Opportunities to earn from profit sharing
- opportunity to grow with a real company
Q17. Will you guys also start offering cold storage services and access to trading Bitcoin, Ethereum in addition to their usual gold/metals business? Don’t you think that gold trading has not been in limelight,they have been taken over by btc,eth,ltc and cryptocurrencies?
Elijah – The combination of blockchain gives us the license to explore these options
So definitely you will have chance to do this on our platform
Q18. Twitter CEO said Africa is the future for everything blockchain and you are based in Sudan, what plans do you have for the African community
Africa is a growing continent with vast majority of opportunities yet to be explored
We are working with the sudanese government and so far It has been great
We will be giving back to the community to help bolster their growth aswell
We are here for stability not quick profit as a company even if our business is highly profitable ☺️
Q19. Gold is the currency par excellence throughout the history of humanity, now cryptocurrencies want to take that step in innovation, could it be said that SGC combines the best of both worlds?Could a change of government jeopardize Sudan Gold Coin’s transparency and credibility? or do you have an action plan in case of?
Elijah – Yes, It can be proven by both industries
GOLD being an ancient mode to store
And blockchain technology /bitcoin being the new Digital Gold
In $SGC we deliver a Token to our Investors back by real Gold which have passed the test of time as a go to option to store value