SGC (Secured Gold Coin)

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. This insurance applies to all gold bars and covers the value of gold bars in case of theft, damage or loss starting from US $ 100.

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.

Safe Gold Coins

Combining the transparency, security and eternity of the blockchain with the gold standard, we strive to introduce trust, fair exchange, and revolutionary values for the world of blockchain and cryptocurrency and the wider global financial market.

Challenges in the Banking System

In the banking system, there are a number of monetary problems, especially in the settlement of cross-border payments which form the basis of our business today. This system has many inherent weaknesses and challenges that we need to overcome. Many of our businesses are struggling because of the weaknesses of our conventional banking system. A centralized banking system has become the root of the challenge. The bank is controlled by a central authority that requires users and businesses to depend on it. So, even if it is a cross-border payment or even someone's money transaction from a bank, someone relies on the bank to make a transaction that also imposes a large fee in turn. These high costs themselves are unprofitable for businesses because they are racing in part from company profits.

In addition, we have not yet developed a fully automated banking system and hence manual work is involved in making it vulnerable to human error. We depend on the central bank for our data security and financial problems and are therefore vulnerable. The database of our financial ledgers is also vulnerable to hacking. The biggest case ever recorded by the FCA was the Barclay Bank case, where the bank was fined with the highest amount ever fined by the FCA of £ 72 million for handling the risk of bad financial crime1. However, the problem still continues and Barclays boss Mr. James Staley was fined again in 2018 jointly by the FCA and PRA for £ 642,430 for the whistleblowing scandal.

Cryptocurrency challenge

To overcome the problem of traditional investment and stock exchange, cryptocurrency was introduced. Cryptocurrency is a digital asset that is designed to work as a medium of exchange using cryptography to secure transactions, to control the creation of additional units, and to verify asset transfers. Cryptocurrency is classified as part of digital currency and also classified as part of alternative currencies and virtual currencies. Initially, they seemed to solve the problems encountered in traditional investment procedures but they had inherent limitations and challenges there. Over a certain period of time, cryptocurrency was developed in the following way,

Currency Coins

Currency tokens / coins such as BTC, ETH, and LTC are made only as a substitute for banknotes. They are used as a method of payment and can be traded with real fiat. users have used it as an investment because various cryptocurrency trends show an increase in Bitcoin ratings above. But these currency coins specifically bitcoin have been very volatile from the start. Bitcoin price volatility can be visualized from the chart below where the value of the bitcoin index for the end of October 2016 was 679 US dollars reaching 19,783.06 US dollars on 17 December 2017, in just one year. In short SGC is the name of Security, Stability and Use.

Universal Gold-backed Currency

SGC is a global currency so spending across borders is not a problem. SGC can be traded and is portable globally. As a hybrid cryptocurrency worth, SGC coins can be used for daily payments or stored as an investment for the future.

SGC Blockchain

Blockchain is a decentralized distributed ledger that allows transactions that are safe, fast, and cost-effective to be made in a short amount of 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 of 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 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 a new wallet from the SGC Wallet application on all platforms. This refers to the generation of new credentials.
Account Import: users can import an existing account 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.
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 Contract: Users can use contracts from SGC Wallet by providing a private key at run time. No key will be stored during the process.

SGC Sales