Next SGC/USD rate update (from 0.001 to 0.002): 12:00 AM EST - October 1, 2024
SGC Supply and Allocation
| Stake Holder | Current Qty | Max Quantity | % | Lock |
|---|---|---|---|---|
| Total Token | 2.5 Billions | 10 Billions | 100% | 76% are locked, from July 1, 2025 0.8% is released each month and up to 20% can be released to investors |
| SiteGUI | 1.5 Billions | 5 Billions | 50% | 70% are locked, from July 1, 2025 1% is released each month (about 7 years to fully unlock) |
| Founding Team | 0.9 Billion | 3 Billions | 30% | 70% are locked, from July 1, 2025 1% is released each month (about 7 years to fully unlock) |
| Investors | 0.1 Billion | 2 Billions | 20% | 1 year lock |
| Extra |
FAQs
SGC is the digital/crypto currency powering transactions within the SiteGUI marketplaces. It can be used to pay developers, freelancers and other service providers for their work on the platform, exchange for real money on decentralized exchanges, and pay for listing apps/services on the SiteGUI Appstore and marketplaces.
SGC is not tradeable until July 1, 2025 when it will be listed on decentralized exchanges but it can be earned through various rewards programs on the SiteGUI platform. Developers and Freelancers may optionally choose to receive payments in SGC instead of USD.
SiteGUI offers various rewards programs where users can earn SGC by participating in activities such as signing up for a free account, referring new customers, writing reviews, selling apps/freelance services and receiving payments in SGC or contributing to the platform in other ways.
The maximum number of SGC tokens is 10 billions.
SGC is not tradeable until July 1, 2025 when it will be listed on decentralized exchanges. Until that time, SGC is kept in a digital wallet provided by SiteGUI. From July 1, 2025, SGC can be withdrawn to your own cryptocurrency wallet.
Using SGC can provide lower transaction fees, faster transactions, global accessibility and the ability to... Delete that, they are really not the real benefits. The real, overarching benefit of using SGC on the SiteGUI platform is the ability to leverage the cryptocurrency to build up a robust, trusted ecosystem for all participants. SGC can be used to incentivize developers to contribute code, apps, or other value-adding features to the SiteGUI ecosystem. This includes bounties, grants, or other rewards paid out in SGC. Furthermore, SGC can be used to give users a direct stake in the governance of the platform, empower the community to have a voice in shaping the platform's future. Ultimately, it will create an environment where all participants can thrive and contribute to the platform's long-term success. This is the true power of integrating SGC into the SiteGUI ecosystem.
As with any cryptocurrency, the value of SGC is subject to market fluctuations and volatility. SiteGUI's roadmap, adoption rates, and platform growth will all impact the long-term value of SGC. Investors and SGC holders should do their own research and exercise appropriate risk management when considering SGC as an investment.
It's important to understand that SGC is not just another speculative meme coin or get-rich-quick scheme. Rather, it is a utility cryptocurrency designed specifically to power the SiteGUI platform and ecosystem. It's not about hype or empty promises, but about building a thriving, self-sustaining ecosystem where the cryptocurrency serves a vital role. The real value of SGC is directly tied to the value that SiteGUI brings to its users - freelancers, developers, and clients alike. As long as SiteGUI continues to deliver a comprehensive, dependable platform and a trusted marketplace that meet the needs of its participants, the SGC token will have intrinsic utility and demand.
Yes, SGC is an Ethereum-based cryptocurrency. It is developed as an ERC-20 token and will be deployed on a Layer 2 scaling solution connected to the Ethereum network. The specific Layer 2 scaling network it will be deployed on has not yet been determined by the SiteGUI team.
The SiteGUI team is taking a careful and deliberate approach to selecting the most suitable Layer 2 scaling solution for SGC. The landscape of Ethereum Layer 2 technologies is rapidly evolving, with new innovations and advancements happening frequently. By waiting to make the final decision, the SiteGUI team can evaluate the latest developments in the Layer 2 space and ensure that the chosen network will provide the optimal balance of performance, security, and user experience for the SGC token and the overall SiteGUI ecosystem.
The SiteGUI team plans to announce the selected Layer 2 scaling network for SGC deployment approximately 6 months prior to the token's launch. This will give users and the broader community ample time to familiarize themselves with the chosen solution and its integration with the SiteGUI platform.