SocialGood

SocialGood (SG) is a distinctive cryptocurrency that strives to make the world a better place. It operates on the Ethereum ERC-20 Token Standard and has a maximum supply limit. SG is designed to function as a Membership Access Pass for the SocialGood App's services, with the demand for SG potentially increasing in proportion to the demand for the app. The SocialGood App allows users to receive SG as compensation for shopping at partnered sites, creating a positive cycle where the demand for SG may continue to rise. The SG market cap reached a notable high of $1.47 billion on Jan. 19, 2021, demonstrating its potential in the cryptocurrency market.

The SocialGood App operates on a unique business model where users receive SG as compensation for shopping at partnered sites. The more users shop via the app, the more SocialGood, Inc. buys back SG from the market, potentially raising the price of SG. This model, known as Shopping Mining™, allows users to accumulate SG without any initial contribution. The app also provides a staking benefit of up to 15% APY, awarded daily, to SG holders. As the user base of the SocialGood App grows, the demand for SG increases, potentially contributing to an increase in its value.

SocialGood aims to democratize asset ownership and reduce economic disparity. By providing users with SG as they shop, it seeks to create a world where anyone can become an asset holder. The SocialGood App's user base is growing, with over 2 million users from over 200 countries and regions worldwide. The app is available in multiple languages and has partnerships with over 1,800 shopping sites. In the future, SocialGood, Inc. intends to make SG usable as a payment method at partnered stores, further increasing its utility and demand.

SocialGood was founded in 2018 by Soichiro Takaoka, a serial entrepreneur with 23 years of experience in the fintech field. The SocialGood project raised approximately $14.2M in VC equity funding, making it a significant funding event for a Japan-based Web3 company. SocialGood, Inc. has registered 68 patents related to the Crypto Back business model and has completed the application process for these patents in the U.S., E.U., India, and China. The company has received support from the Tokyo Metropolitan Government and the Japanese governmental organization JETRO, contributing to its recognition in the cryptocurrency space.