The world's first blockchain option for gold mining project’s aim is to establish the high-technological and profitable gold-mining business in Sudan. Northern Sudan is known for its gold Mineralization potentiality, which was Known for long period since old civilizations by its mineral potentialities and exploration activities. The study area about 300 Km2.
The literature review shows that study area is located in an area of geology of promising gold mineralization potentiality zone. The concession area of the block in Northern State is under the name of GS Multi Activities CO. LTD 50% of the net income of the SG mining Co company generated from gold mining and sale will be used for buyback of Sudan Gold Coin (SGC) from tokens holders and creation of the decentralized gold exchange.
Financing will be raised by issuing and proposing the Ethereum based tokens during the ICO. The mining facilities in Sudan will be managed by the audited Dubai company - SG mining Co. The decentralized gold exchange will allow to use the SGC token as the main currency for purchasing gold extracted by the any mining company and cross-sale between the gold buyers/sellers, banks and other customers. The unique combination of real gold mining business and an integrated decentralized exchange will ensure the stable growth of the token price.