The precious metal called gold is one of the greatest and earlier means of exchange adopted by man. The gold market is one of the most important market in the world today.
This market involves the trade in gold, the use of gold for exchange(trade by batter), buying of gold for ornamental purposes, construction purposes etc. Gold is also used as excellent store of wealth due to it high monetary value.
However, the is great decline or say less appeal in the use of gold in our world today due to some challenges. This challenges includes; low chances of obtaining pure gold, inefficiency in the gold market, high theft rate, high cost of storage etc.
Blockchain technology has been in existence for some time now. It is regarded as a very potent tool for use in development of our world today. Blockchain is a decentralized ledger that ensure a secure, fast and cost - efficient at a faster time rate. Information once stored on the blockchain cannot be altered or hacked. It unique features such as transparency, improved efficiency, scalability, decentralization, incorruptible database network etc has made it acceptable by everyone who comes across it.
Introduction to SECURED GOLD COIN PTY LIMITED
Secured Gold Coin Pty Limited (SGC) is a blockchain-based platform designed to encourage digitalization of the financial market such ad the gold market. In otherword, it is designed to provide a digitalized gold market.
It aims to achieve this by enabling people to purchase the precious metal via an SGC blockchain token called SGC Coin. The SGC Coin is created by means of the blockchain technology.
The SGC coin is directly purchased from the Secured Gold coin platform and each SGC coin is 60% backed by pure gold. With the SGC coin, it holders(owners) can use it for different purposes, such as making financial transaction, as a store of wealth as it is backed by gold, as a means of exchange, to make payment on e-commerce platform etc
The price of the SGC coin is tagged to the current market price of pure gold which is steady and stable. This protect the holders of the token against price fluctuations as experienced in the crytocurrency market.
In otherword the SGC coin coin has the usability of cryptocurrency and stability of Gold.
The difficulty in obtaining gold has resulted in its low liquidity through the adoption of the SGC coin which is backed by pure gold high liquidity of gold would be achieved.
SGC coin holders do not need to bother about high cost of transaction as only a small fee known as Gas fee is needed for all transactions.
Secured Gold coin allows for 24 hours, fast and unlimited transactions with the SGC coin from anywhere in the world.
Security and privacy of information on the SGC platform is guaranteed as it leverages the blockchain technology to achieve that.
Due to the fact that gold is a very valuable metal, the issue of it storage has raised concern and mostly deter a lot of people from purchasing it leading to a decrease in participation in the gold industry. The SGC coin which is securely backed by pure gold is more safer for use as the are stored safely in a digital wallet which cannot be compromised. The pure gold which covers the gold token are securely stored in the company's vault and this gold stored in the vault are frequently audited to ensure the pure gold stored is equal to the number of gold token in circulation. This ensures a secured gold ownership for all SGC coin holders.
To ensure it trust and transparency, SGC would ensure all transactions and audit of the gold in the vault is viewable on the SGC blockchain.
The purchase of the SGC coin is effortless and based on smart contract compared to the purchase of physical gold which requires much stress and inconvenient conditions to obtain.
The SGC coin owners are free to sell their coins on the global cryptocurrency exchange market for fiat currency or even exchange them for other cryptocurrency like bitcoin, ethereum, etc.
SGC Pay Debit Card
To encourage the streamlining or easy use of Gold for payment, SGC has developed the SGC pay debit card which can be used for point of sale payment, online shopping and many more.
SGC Wallet
SGC has created a digital cryptocurrency wallet for storage of the SGC coin called SGC wallet. This wallet would enable it users to make transaction, view all transaction details done by them, create smart contract and much more.
To ensure availability of the wallet for everyone SGC has created the wallet in different forms which include SGC web wallet, SGC mobile wallet compatible on android devices and iPhone and the SGC Desktop wallet( windows, Linux, Mac)
SGC Team
SGC has competent and trustworthy team who are all dedicated to making the Goal and vision of SGC a success.
To know more about out team visit - https://securedgoldcoin.com/our-team
Roadmap of Secured Gold Coin
In Conclusion
Through the digitalization of the gold market, the would be an increase participation in the gold market by the masses which will lead to smooth financial atmosphere in the world at large.
Also SGC Limited through it numerous benefit would bring the blockchain technology to the limelight.
For more information about Digital Gold Limited
Click the links 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 detail
Username; Assam Kingsley
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2676658