SocialGood is a cryptoasset that is making society better.
SocialGood works in a way at which the more users increase, the more the asset value increases. SocialGood has received multiple patents, including patents for its business model and for a mechanism to accumulate cryptoassets by using credit cards and smartphone payments. SocialGood is considered a coin with rare value.
SocialGood is an asset that everyone can receive for free just by shopping at partner retail stores, such as Amazon, Apple, Alibaba, eBay, Lazada, Nike etc. (Shopping Mining™).
The operating company guarantees the fiat exchange value of the SocialGood granted by Shopping Mining™.
Since assets are provided at zero cost, it is certain that all users will profit. As a result, users will tend to increase, creating a virtuous cycle at which the asset value of SocialGood can be expected to rise.
Given the current coin’s market conditions, it is possible that the SocialGood coin’s market cap could increase by US$13,600 with every additional user (as of September 2019).
Progress of SocialGood
From March 2019, SocialGood has partnered with large global retail companies and started Shopping Mining™ (excluding residents in Japan). Currently, there are already over 90,000 users (as of December 2019, the acquisition of new users was temporarily put on hold at this time.).
Since these assets can be obtained through daily consumption, it is expected that they will become popular among general consumers, and not only to cryptoasset investors.
The operating company is funded by profits from coin issuance and advertising revenue from partner retail stores.
The operating company will automatically donate to social contribution organizations a portion of the total amount that users purchased while shopping.
The team has an incentive to raise the market cap of the coin, and, with a long-term perspective in mind, management is focused on maintaining and improving SocialGood's asset value.
The operating company is supported by a Japanese fintech group company which was founded in 2005 and has a subsidiary registered with the Financial Services Agency (FSA). This group has achieved over US$930 million worth of investment advisory contracts with wealthy clients and has succeeded in becoming Japan's largest marketplace for high net worth individuals, with members’ totals assets surpassing US$10 billion.