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Gitcoin Virtual Hackathon

Sögur Bug Bounty & Hackathon

Oct 28, 2020 - Dec 1, 2020

This hackathon event had ended at Dec. 1, 2020, 11:59 p.m., please check the ongoing hackathons.

Sögur Bug Bounty & Hackathon

October 28th - December 1st

What is SGR?

SGR by Sögur - previously known as Saga // SGA - is a digital coin built to provide a self-sustaining, democratic and global currency. It is modelled to incorporate the volatility crypto markets seek, while also using stabilisation mechanisms to temper volatility risk when market conditions are fast-changing and unpredictable. 


SGR’s unique features:

  • A bonding curve protocol exposes SGR holders to carefully modelled volatility - using stabilisation mechanisms to temper risk in fast-changing and unpredictable market conditions, while creating an opportunity for sustainable intrinsic value growth.
  • A model where early adoption is incentivised as the ecosystem grows, thanks to the bonding curve model.

  • SGR is backed by a reserve configured to match the IMF’s basket of currencies. Funds are kept in a variable reserve composed of world-leading fiat currencies held in reputable banks. The reserve ensures holders can always sell and redeem SGR. As such, the contract will always offer to buy back SGR, drawing on funds from the reserve.

  • A democratic governance model built on the premise that the SGR project belongs to the currency holders, allowing holders to vote and partake in decision making as well as elect the leadership of Sögur.
  • A team of experienced entrepreneurs, financial professionals, technology experts, economists and academic researchers, all working towards delivering a truly democratic, global, digital currency.


Advanced reading:

  • We recommend you to take a deeper look and explore more about our monetary model here.
  • Our views on stable coins and why we are different here and here
  • Our approach to governance here and here.


Channels:

Website I Twitter I Telegram I YouTube I Facebook I LinkedIn I GitHub I Medium 

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