SocialGood (SG), an abbreviation for SocialGood, operates within a capped maximum supply framework. Holders of SG have the opportunity to earn a staking bonus of up to 15% APY, which is distributed on a daily basis.
SG serves as a Membership Access Pass for accessing services provided by the SocialGood App. The demand for SG correlates with the demand for the SocialGood App. As the demand for SG grows, so does the demand for the SocialGood App, which distributes SG at no cost. This creates a positive cycle driving the increasing demand for SG.
By utilizing the SocialGood App (available on iOS/Android) for shopping on platforms like AliExpress, eBay, Walmart, Lazada, and Nike, users can receive Crypto Back rewards of up to 100% on their purchases through the Shopping Miningโข system, also known as "Shop-to-Earn."
Users can shop with their local fiat currencies as usual on major online platforms like eBay and Best Buy via the SocialGood App or Chrome extension. SocialGood, Inc. earns advertising fees from these platforms based on users' purchase amounts, which are then utilized to repurchase SG from the market and distribute it to users for free.
Consequently, the more users engage in shopping via the SocialGood App, the higher the price of SG will ascend. This patented mechanism, introduced in June 2023, has resulted in a quadruple increase in SG price over four months.
Assuming a monthly shopping expenditure of $100 via the SocialGood App, users will accumulate SG worth $100 every month, without any upfront capital expenditure.
For users interested in receiving SG for free but find opening the app cumbersome before shopping online, adding the Chrome extension facilitates automatic accumulation of SG without any inconvenience during online shopping.
Over a span of 11 years, the SG accumulated for free will amount to a total value of $13,300. Assuming a monthly increase of 2% in the SG price during the accumulation period, the projected value of accumulated SG can be estimated.