- How Can SocialGood Make the World a Better Place?
- Why Will the SocialGood Project Continue to Gain Popularity Worldwide?
- Coin Issuance Plan
2. Why Will the SocialGood Project Continue to Gain Popularity Worldwide?
(1) With Shopping Mining™, Everyone Profits
The SocialGood project is a global project based on our vision to make the world a better place. Our project transcends all differences, including all nationalities, ethnicities, beliefs, and cultures, and all people around the world can participate.
The beta version debuted in March of 2019, and in September 2020 the SocialGood App was officially released.
Just by shopping at our partnered sites such as eBay and Booking.com via the SocialGood App, users can earn crypto rewards for free. These rewards are issued in the native token of the SocialGood project, SocialGood (SG) crypto, in proportion to their purchased amount.
Bitcoin can obtained with enough computing power, but SG can be obtained just by shopping as usual. This is what we call Shopping Mining™.
(2) SG Utility
SG can be used to purchase SocialGood user-exclusive original content and services, which can only be obtained using SG.
The more SG that a user holds, the more SG rewards they will earn within the SocialGood Ecosystem every time they shop. They can also earn a staking bonus relative the amount of SG that they hold.
SG has already been listed on multiple crypto exchanges and can be traded to USDT or BTC at any time. In the future, we plan to make SG usable as a payment method at the major retail stores partnered with the SocialGood App.
(3) The Value of SocialGood (SG)
In order to enter the world of “Shop-to-Earn” with the SocialGood App, users are required to hold a certain amount of SG. Therefore, the more that the SocialGood App user base grows, the more value that SG will gain as a Membership Access Pass.
As the value of SG rises, in turn the value of the SocialGood App will rise, as a source of free SG. This will result in a further rise of the SG value, creating a positive cycle of growth.
The Positive Cycle of the SocialGood Ecosystem™
(4) Crypto Back Rewards Market Size and Patents
Of the 5 billion mobile users worldwide, a survey showed that 55% aim to receive cashback or rewards when they shop online. If the 2% of the population who currently hold crypto grows to be 20%, the demand for Crypto Back rewards can be calculated to be approximately 55 to 550 million people.
As the SocialGood project has already registered 68 patents related to the Crypto Back business model, we can single-handedly meet this global demand.
(5) A Sustainable and Sound Business Model
SocialGood, Inc. can earn advertising fees from the SocialGood App’s partnered retailers, as well as by selling SG for the Membership Access Pass, and through sales of exclusive original content that is only available for purchase with SG. These income streams allow the SocialGood project to maintain a profit.
This business model was evaluated as sustainable and profitable, earning the SocialGood project $14.2 million in equity funding in 2022. The project has also been supported by the Japanese national government and by the Tokyo Metropolitan Government.