Introduction to SAR:
SAR gold token represents an innovative product of "SAR precious metal exchange" that aims to solve the problem of physical movement in the process of gold trading. In the initial stage and circulation stage of the issuance, C.C.M foundation and SBBM foundation deposit a total of EUR 50 billion of gold equivalent to UBS in Switzerland as the issuance base guarantee of "SAR Gold Token". It is issued and circulated at the rate of 1: 1 which is anchored to the quantity of physical gold, as well as the real-time gold price of Shanghai precious metal exchange as a constant price.
SAR precious metals exchange is a statutory gold exchange operated in Africa, the largest gold reserve in the world, and registered in the Republic of Uganda. It is a legal digital encrypted gold token issued by SAR digital asset exchange on C.C.M blockchain.
The main purpose of the issuance of SAR gold token is to be used as a financial instrument and payment tool with stable price in global circulation, such as trade settlement, commoxdity transaction, digital asset transaction, financial transaction of non physical movement of gold, asset storage and so on.
Issue time: 2019/7/1
Total supply: 680,000,000
Total circulation: 30,000,000
Project website: www.ccmisr.com
Block explorer: http://ccmisr.cc