- Why is SocialGood Able to Improve Society?
- Why Will SocialGood Continue to Grow in Popularity Globally?
- SG’s Patented Asset Value Rising Mechanism
- Coin Issuance Plan
- History & Achievements
1. Why is SocialGood Able to Improve Society?
(1) The SocialGood Project
All of our actions are based on our belief in “making society better.” We are providing all consumers with assets for free, and aiming to improve their lives. In the Social Good Ecosystem™, the more users purchase the products they like, the more they can increase their assets and at the same time automatically contribute to society. Since the launch of our service in March 2019, already 85,000 users have received assets. Major companies such as Amazon, Apple, Alibaba, eBay, Lazada, Nike, Booking.com and Microsoft have joined in this ecosystem. A business model patent was granted for this mechanism in August of 2019.
Our Partnerships Continue to Increase
As users increase, the more the value of the assets users hold rise, and the more society is improved. The asset that is “making society better” is SocialGood.
(2) Solving Problems with the Capitalist Mechanism
Just as Thomas Piketty had mentioned, there are problems in the current capitalist mechanism which stops it from being circulated.
In the current capitalist structure, there is division among “shareholders (investors),” “consumers,” and “society.” Shareholders alone enjoy most of the fruits of global economic development. It has become one-sided, where consumers pay money to companies and then the stockholders profit from it.
The result of this is an economic gap between general consumers who do not have the opportunity to accumulate wealth and some asset holders who continue to become wealthier.
The problem with the capitalist mechanism is that this economic gap continues to widen as a small portion of asset holders monopolize the majority of the world's assets. This was even mentioned as an issue in Oxfam's report “An Economy for the 99%,” as discussed at the Davos Forum Summit (World Economic Forum 2019).
In order to solve this problem, we provide an opportunity to all consumers to automatically get assets for free. We hope as many people as possible own our assets so that they can have a safer, more prosperous life. In this way, we can help to promote the “democratization of assets.”
The following occurs in the Social Good Ecosystem™:
- By doing everyday shopping, users, as consumers, can automatically build up their assets at zero cost to them.
- As the company’s sales continue to increase, the more users increase and the more the value of holders’ assets tends to rise.
- As the gross merchandise value increases in this ecosystem, the more donations are made automatically utilizing AI to organizations contributing to society globally.
By using the blockchain, the transfer of value can be performed smoothly, and the flow of value can be optimized by AI.
As shown in the above diagram, a virtuous cycle is formed, providing a win-win-win for consumers, companies, and society. This is what the Social Good Ecosystem™ is all about.
As this ecosystem expands, the more society will improve.
Our goal is to update the way the currently ineffective capitalist mechanism works by utilizing AI and the blockchain.
Examples of Donation Destinations