- How Can SocialGood Make the World a Better Place?
- Why Will the SocialGood Project Continue to Gain Popularity Worldwide?
- Coin Issuance Plan
1. How Can SocialGood Make the World a Better Place?
(1) The SocialGood Project
Everything that we do as part of the SocialGood project is done with our core belief in making the world a better place. We aim to provide all consumers with free assets to improve their lives.
In the SocialGood Ecosystem™, the more that users purchase the products of their choice, the more they can increase their own assets and at the same time contribute to making the world a better place.
We have already patented our innovative business model and began the beta version in February 2019. Over 1,800 major retailers from the U.S., Europe, Asia, and all over the world are now participating in this ecosystem.
As the user base grows, the more value their assets will gain, and the more the world will improve. Those assets are SocialGood, the cryptocurrency for a better world.
(2) Solving the Flaws in the Current Capitalist System
As economist Thomas Piketty and many others have pointed out, there are certain flaws in the current capitalist system which prevent the circulation of wealth.
In the current structure of capitalism, there is a divide between the shareholders (investors), consumers, and society at large. Only shareholders reap the fruits of global economic development. The flow of wealth has become one-way, as consumers continue to pay money to companies and make the stockholders more wealthy.
As a result, the economic disparity continues to grow between the average consumer, who does not have the opportunity to accumulate wealth, and a small number of asset-holders who continue to become wealthier.
It has been recognized that this widening gap is a serious flaw of the current capitalist system, as a few shareholders monopolize the majority of the world's assets. This issue was featured in Oxfam's report “An Economy for the 99%,” as discussed at the Davos Forum Summit (World Economic Forum 2019).
To solve this issue, we give consumers the opportunity to automatically gain assets for free. Our hope is that as many people as possible can hold assets to feel more secure in their future and live a more prosperous life. This is why we aim to democratize asset-owning.
In the SocialGood Ecosystem™:
- Users can earn assets through their usual everyday shopping, at no additional cost.
- The more that the gross merchandise value increases, the more automatic donations can be made with AI technology to charitable organizations worldwide.
Blockchain technology allows for smooth transfers, and AI makes it possible to optimize the flow of value.
The SocialGood Ecosystem™ forms a positive cycle, creating a win-win-win situation for consumers, companies, and society as a whole.
The more that the SocialGood Ecosystem™ expands, the more that the world can become a better place.
Our goal is to update the way the currently ineffective mechanism of capitalism works by utilizing AI and blockchain technology.
The SocialGood Project’s Donation Goals Align with the UN’s SDGs