Meta: Sögur created universal currency for the whole world intending to make currency exchange simpler. Modern technologies gradually become the tools for this project to grow.
A global currency will actively reflect and support the global economy without being directly affected by external factors. It will also complement the existing currency vault in terms of risk diversification. Regardless of any particular country or region, its value will be less affected by any single economy or government. Modern technology has become instrumental in the development of Sogur’s common currency. So what monetary technologies are in Sogur?
SGR Coin is designed and developed by Sogur Monetary Technologies Limited (“SMTL”), a UK limited company with guaranteed operating on a non-profit principle. The purpose of SMTL is to issue and maintain the functionality of SGR tokens in a way that best serves the interests of the currency’s owner.
Sögur operates on a non-profit principle in the sense that all proceeds are devoted entirely to advancing its goals and not distributing. As a guaranteed limited company, SMTL has no shares or shareholders. SMTL’s corporate structure has been adjusted to ensure it serves the interests of currency holders.
Saga Genesis
To make up for early supporters and other stakeholders, Sogur created a second token named Saga Genesis, SGN. Saga Genesis is a voucher token that can be converted to SGR at will. The amount of SGR received when converting is pre-modeled and depends on the size of the Sögur economy: this amount starts at 0. It increases only if the SGR economy is truly successful. This ensures that the interests of SGN holders are completely consistent with the interests of SGR holders.
The Saga Genesis Mechanism is designed to protect the interests of regular SGR holders and limit the ability of SGR holders to influence the SGR economy. The proportion of SGR tokens minted to SGN holders is never higher than 30% of the total number of SGR tokens (at the time of their mining). This represents a significant improvement over other digital currencies, where it’s not uncommon for a small number of wallets to own the majority of tokens.
The SGN-to-SGR conversion rate is limited, so the aggregate effect of SGN holders is limited. To mitigate any entity’s influence, the size of the contribution is also limited.
Blockchain in Sögur
A very popular technology that Sögur applies today is Blockchain.
The main principle of Blockchain is that it is decentralized: instead of running programs on just one or a handful of private servers, programs run on multiple computers in a network. This comes with a trade-off between efficiency and cost. Blockchain is useful where decentralization is worth sacrificing, as mentioned above.
Blockchain offers high reliability for users, validation of operations performed by all computers across the network, and data is less likely to be lost. It is one of the technologies that every developer uses.
There are many technologies and benefits to give users the best possible experience. SGR deserves to be the common currency that we aim to.
Visit links below for Sögur’s news:
Website: https://www.sogur.com/
Twitter: https://twitter.com/sogurcurrency
Telegram: https://t.me/SogurSGR_ANN
Author: plan204
ETH Address: 0x5Bd8F3ba8B57a5A38042027e5e5841C65B3B7811
