SocialGood App

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💡 What’s the difference? Earned SG vs Withdrawable SG

hero blog Earned SG vs Withdrawable SG

Earned SG is the SG balance shown within the app. Its value is also displayed on the Assets screen.

Withdrawable SG, as the name suggests, is the allowance for withdrawals. In other words, Withdrawable SG is not SG itself, but the “limit” of how much you can withdraw.

So even if you have a large amount of Withdrawable SG, you cannot withdraw anything unless you also have an Earned SG balance. First, earn SG (Earned SG), and then increase your Withdrawable SG to make withdrawals. For example, think about how banks work: you have a bank account balance and also a withdrawal limit. The relationship is very similar here. Earned SG is like your account balance, while Withdrawable SG is like your withdrawal limit.

💡 What is the difference between Earned SG and Withdrawable SG?

Earned SG refers to SG actually earned from Spins, shopping, or activities. Withdrawable SG refers to the portion that can be withdrawn.

⚫︎Example 1 Earned SG = $500
Withdrawable SG = $100
Action: Withdraw $100
Result: Earned SG decreases to $400, Withdrawable SG becomes $0

⚫︎Example 2
Earned SG = $50
Withdrawable SG = $100
Action: Attempt to withdraw $100
Result: Only $50 can be withdrawn. To use the remaining $50 Withdrawable SG, you must earn an additional $50 in Earned SG.

Who we are

SocialGood, Inc. is a Japanese Web3 startup. We have partnerships with over 20,000 leading online stores worldwide, including Walmart and eBay, etc. We have raised over 2 billion yen in funding from VC and listed companies. We are supported by JETRO, an agency of the Japanese government.

Through SocialGood App (iOS, Android and Chrome Extension), we give our users money every day, we help our users build assets. By doing so, we hope to create a better society. That is why we chose the brand name SocialGood.

🏢 Our Office

tekko building S

🚩 Our Office Tour Click here

R9A3424 S

📍Our Office location

Disclaimer: The SocialGood (SG) token is a utility token. SG is not a security, just as real estate and gold are not securities. The description above does not refer to the nature of SG in any way. The appreciation/price increase of SG is not guaranteed. The Company is not responsible in any way for the fluctuation of the price of SG. The Company is not liable for any loss/damage/injury of customers in relation to SG. The description above is not intended to solicit investment. The description above is only for the purpose of providing general information for customers. The description above may change without prior notice and the Company is not responsible for the current description and for updating the description.
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