A new year and a new way to look at crypto assets, and how they make society better. Three simple steps need to be followed to earn crypto every day and the best way to do it is through the crypto-asset called SocialGood.
- Buy what you like with FIAT currency:
The first step for users is to choose the FIAT payment method they prefer (Credit or Debit Card, PayPal, etc.), then shop like usual and make their purchases. Then based on that purchase, get up to 100% crypto back, up to $10,000, per purchase.
- Get Crypto & Products
After about a month, the users receive up to $10,000 in crypto back from their shopping. The crypto they receive is known as SocialGood (abbreviated to SG). Through shopping with the app, they receive up to 100% of the purchase price (crypto back will be reflected in the app after purchase confirmation is received from the online store).
It is important to remember that the maximum amount per purchase is capped at $10,000 in crypto back, however, users can make as many purchases as they like.
- Withdrawing the Crypto earned
SG can be withdrawn after the partner company approves the purchase (this process takes around one month). To know the value of the crypto back earned, users can look on Bittrex, BitMart, and Uniswap, where SG is listed, as well as by simply checking the price on Coinmarketcap and Coingecko.
To understand how the price is calculated, there is an explanation below:
SG has a supply cap, similar to Bitcoin, which means that as the number of holders rises the value can rise as well. Then, how much will the value rise if the number of holders increases? Let’s analyze based on objective data (see here for more details).
SG’s Patented Asset Value Rising Mechanism
The underlying vision of SG is to “make society better” by providing all consumers with assets at no additional fee. For SG to increase and maintain the Social Good Ecosystem™, it has been designed in the following way:
- By setting the issuance limit of SG, helps to avoid increasing the number of coins issued
- The tokenomics allows for the number of SG holders to increase exponentially.
- SG provides economic incentives for holders not to sell SG.
- This mechanism, at which the coin is designed to maintain the asset value, has been patented in Japan, with multiple patents, and international patent applications have been filed.
SG runs on a “virtuous cycle”
As their users increase, their asset value and the SocialGood crypto back service’s value as a platform will rise, and a virtuous cycle is created.
The cycle’s mechanism is fairly simple, as the users increase their partner retail store sales will increase, and the number of retail stores participating in the ecosystem will therefore also increase. As a result, the operating company’s advertising revenue will increase as well.
Using this as the source of Shopping Mining™ the operating company can return more value to their users, for this reason, the number of users will continue to increase and depending on how much users increase, the value of the coin will rise since their coin has an issuance limit. The network effect works in both the consumer market and the crypto market in this way. Therefore it is a “double network effect”, and will make it a win-win-win situation for all of their users, companies, and the operating company.
Designed to keep and raise SG’s asset value
The operating company doesn’t guarantee that the future of SG will rise, however, when comparing SG to other coins, SG has multiple features that will allow for users to increase easily and make it more likely for the value of SG to rise.
Shopping mining
Through the SocialGood crypto back service provided by the operating company, SG allows users to get SG for free following the purchase price by buying items they want at partner companies such as eBay, Nike, AliExpress, Booking.com, Shopee, Lazada, etc.
All investors could profit when they sell SG, which they received for free in the first place in the market. Therefore it makes it “free capital” so to speak.
Long-term holding incentives
Bitcoin holders can’t receive any economic value during the holding period – they only get their profit when it’s sold. So, depending on the price fluctuations Bitcoin is likely to be sold. On the other hand, users of SG can enjoy the economic benefits during the holding period. With SG, depending on the holding period and the amount of SG, it is possible for users to receive a higher crypto back value than usual, and for them to participate in Shopping Mining™ at premium retail stores that ordinary users aren’t able to participate in.
With this type of loyalty program, the short-term SG sellers will decrease, therefore like the stable shareholders, the number of long-term SG holders will increase. This will then result in a tightened supply and demand, leading to an increase in SG’s asset value.
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SG app can be downloaded here.
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
Source: https://cryptodaily.co.uk/2022/01/socialgood-gives-you-crypto-every-day