INTRODUCTION
The traditional Banking system is filled up with unlimited shortcomings and problems that has put so many businesses in the situation of instability and unending struggle. Banks are governed by a centralized system, this simply means Banks are the one that acts as the intermediary between an account owner and whoever they will be transacting with in the future. This centralized system of finance, apart from the fact its quite unsafe, t also attracts high service charges which are deductible from clients whenever they execute any transaction. There are so many limitations related to conventional banking system, which is really affecting small and medium scale businesses. Most of these Banks doesn't conduct cross-border financial transaction due to their territorial legislation while those who render cross border transaction charges high fees for such transaction. We are really thankful of the emergence of Blockchain technology which has within its capacity to resolve all these problems. Blockchain is the underlying technology of Bitcoin the first World cryptocurrency. It functions as a decentralized ledger that records and monitor transactions is a database in a secured and transparent manner. Data stored on this ledger are immutable and this quality has made it one of the most transparent technology in the World.As i mentioned earlier, Blockchain technology is the underlying technology behind Bitcoin , Ethereum and other Cryptographic assets.Transactions conducted in any of these networks can be easily tracked, it is transparent and immutable.
Gradually, the World is changing, blockchain technology and Cryptocurrencies are becoming popular and are gaining global attention with massive adoption. The purpose of Crypto assets is to tokenize the World economy, eliminating the difficulties, lack of transparent, corruption, and insecurity related to the conventional monetary system. Though the industry is still at its infancy, going through some difficulties and instabilities, we believe someday Crypto industry will gain a better standard and override the conventional monetary system. Among the success achieved so far in upgrading the industry is the introduction of varieties of Stable coins which are meant for hedging against market volatility, integration of lightening speed to enhance the speed of Crypto transactions. Introduction of Security token, Asset back tokens, utility token and hybrid tokens are the moves the expert has made to make the Cryptocurrency ecosystem more stable and worthwhile.
ABOUT Secure Gold Coin (SGC)
Today, am going to focus my topic of discussion on an inspiring Blockchain project named Secured Gold Coin. Currently trading of SGC is live on multiple exchanges where interested investors can buy and trade the token. Secured Gold Coin is a promising project with unlimited potential, it leverages blockchain technology and ensure investors can invest real gold through the ownership of SGC coin.As we are all aware the world cryptomarket is filled with various digital currencies in which majority of the failed to realize their goals while some succeeded. The expert team of Secured Gold Coin (SGC) have studied critically the nature of Crypto market and have come up with a viable solution to the industry. Secured Gold Coin Limited was established in Australia.The Coin is powered on Ethereum Blockchain Network which ensured the entire system is decentralized and transparent. The Coin is 60% Backed by Real Gold and it is free from any centralized Control.The Concept of SGC is quite impressive, that is why i see this project as one among the top project of 2019. 60% of the coins is backed by Gold, which simply means the 60% value of the coin will remain intact, hedging against the real Gold Price value irrespective of the market volatility.
WHY securing GOLD COIN (SGC)
Majority of companies that offer Gold backed virtual currencies does not save any physical Gold due to the storage, security, and transportation constraints.In addition, they do not want any 3rd party interfering in their system in other to ensure the security of their Gold reserves. As a gold coin user or investor you enjoy the hybrid digital assets and 60% of the value of the assets will be gold backed. Every Time a user purchase Gold coin, a Gold certificate is attached to the user's wallet.
In addition to achieving making SGC a universal coin that will be globally adopted, the team of SGC also aims to enable users to be in possession of Hybrid coin which serve the purpose of both assets and utility. Integrating a payment system is another milestone SGC aims to reach.Integrating SGC PAY Debit Card will make SGC coin globally recognized, spendable and acceptable. The SGC pay will make spending of SGC token easy. SGC Team has built an alliance with some Payment Gateway service provider such as MasterCard, Union Pay, and Visa Card to accomplish their vision of establishing a viable payment system in the ecosystem and facilitating global adoption.
CONCLUSION
Secured Gold Coin Limited is leading the revolution in Cryptocurrency space. The concepts of this project is quite brilliant. Investors could hold an Hybrid coin which, no matter what the market volatility would not let investors lose all their monetary value. 60% of the coin value is Gold backed . It is for sure there would be high demand for this multipurpose coins. Another amazing aspect of it is the integration of Payment system in SGC ecosystem to facilitate frictionless transactions such as online shopping, cross border transfer and many more. The concepts will make it reach a global audience and achieving global adoption. The project look very promising. Be part of something HUGE!!
Official Resources
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
Writers info
Bitcointalk username :koremodupe
Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=2681359
SGC Wallet address : 0x40892a4aA5306A877f198A3F4B8385920ceCAf7F
