Sogur (SGR)

Sogur (SGR) is a digital currency project that aims to create a truly global currency free from the boundaries of states and central banks. Its holders governed it and stabilized it by replicating the IMF’s SDR currency composition, utilizing the best blockchain technology available. Unfortunately, after careful consideration, the team behind Sogur has decided to close the project. The constantly shifting regulatory environment and the market’s preference for volatility have led them to conclude that the world may not be ready for their project now, if ever. As a result, all holders of Sogur tokens have the opportunity to redeem their SGR tokens back to ETH.

Despite the closure, the team believes that the models and technological advancements developed for Sogur still hold great potential and can be leveraged by those interested. The reimagined smart contracts, monetary models, and governance models are available on the website for exploration. Sogur’s papers, which served as the project’s foundation, are also accessible for those interested in understanding the thorough interdisciplinary scholarship behind it. While the project has ended, the team expresses gratitude to everyone who supported Sogur and abides by the non-profit principles established, ensuring that the founders, employees, or advisors will keep none of the project’s funds.

Holders of SGR tokens are encouraged to redeem their tokens before Wednesday, February 17, 2021. They can do so by selling their tokens on exchanges, swapping them in decentralized exchanges (DEXes), or selling them back to the SGR smart contract. On Thursday, February 18, 2021, Sogur’s monetary model will officially close, and any remaining funds in the reserve accounts will be exchanged to ETH and deposited into a liquidity pool. This enables holders to continue redeeming their funds. Key dates in the redemption process are provided to ensure a clear timeline for SGR holders to act upon.