Spin Guide
Spin is a SocialGood App feature where you can use eligible balances to play Spins and receive “Earned SG” and “Withdrawable SG” rewards.
This article explains how Spin works, how Withdrawable SG is used, how bonuses are handled, and what conditions may apply before withdrawal.
1. What Is Spin?
Spin is a paid digital entertainment feature where you use eligible in-app Spin Tickets to enjoy Spin content and accumulate SG-denominated in-app balances as part of the Spin experience.
Spin is not a direct purchase of SocialGood, and the result of a Spin does not directly transfer real SocialGood to your wallet. Instead, Spin results are reflected in your SocialGood App account as in-app balances, such as Earned SG and Withdrawable SG.
You may be able to receive real SocialGood as a reward after completing certain applicable conditions. These conditions may include reaching a Withdrawal Goal, completing verification, or satisfying other campaign-specific requirements.
Earned SG (Your Account Balance)
・What it is: This is the SG-denominated balance shown in your SocialGood App account, accumulated through Spins, completing tasks, and other eligible activities.
・The Analogy: Think of this like an account balance inside SocialGood App. It represents the balance you have accumulated within the app.
Withdrawable SG (Your Withdrawal Limit)
・What it is: This is not SocialGood itself. Instead, it is your withdrawal allowance, which determines the maximum amount that may become eligible for withdrawal after the applicable conditions are completed.
・The Analogy: Think of this like an ATM withdrawal limit. Even if your account balance is high, the amount that may be withdrawn is limited by your available withdrawal allowance and any applicable conditions.
・In-app use: Withdrawable SG can also be used within SocialGood App as an in-app payment method to purchase new Spin Tickets. This allows you to continue enjoying Spin content by using your available Withdrawable SG balance instead of making an additional payment.
For more details about the difference between Earned SG and Withdrawable SG, please see the following article:
[What’s the difference? Earned SG vs Withdrawable SG]
Different Spins may have different rules, reward structures, and contribution rates toward the Withdrawal Goal. Because of this, Spin is designed to be a more strategic experience. Choosing which Spin to play can affect how efficiently you progress toward applicable conditions.
2. How to Purchase Spins
You can purchase Spins in the following ways:
1. Purchase with Fiat Currency
Purchasing Spins with fiat currency is currently unavailable.
2. Purchase with Cryptocurrency
You can purchase Spins using BTC, ETH, USDC and USDT.
For more details on how to pay with Crypto, please see the following article:
[How to Pay with Crypto]
3. Types of Withdrawable SG
Withdrawable SG may consist of two types:
・”Conditional Withdrawable SG”
・”Withdrawable SG”
These balances are treated differently.
4. Conditional Withdrawable SG
Conditional Withdrawable SG is a balance that becomes eligible for withdrawal after certain conditions are completed.
This type of balance is usually linked to conditions such as a Withdrawal Goal.
For example, bonuses are generally granted as Conditional Withdrawable SG.
Once the required conditions are completed, Conditional Withdrawable SG becomes withdrawable.
5. Withdrawable SG
Withdrawable SG is the portion of your balance that is already withdrawable or can become withdrawable after completing the required minimum conditions.
For example, when you deposit funds to purchase Spins, the deposited amount may be reflected in your Withdrawable SG.
However, the cash deposit portion may still be subject to at least 1x Withdrawal Goal before withdrawal, for fraud prevention purposes.
6. What Is a Withdrawal Goal?
A Withdrawal Goal is a requirement that must be completed before certain balances become withdrawable.
For example, if a bonus has a 5x Withdrawal Goal, you must play an amount equal to 5 times the bonus amount before that bonus and related prizes can become withdrawable.
Each Spin may have its own cotribution rate.
The contribution rate determines how much each Spin counts toward your Withdrawal Goal.
For example:
If you play $10 worth of Spins
and the contribution rate is 80%
then $8 will count toward your Withdrawal Goal
Because contribution rates may differ by Spin, choosing which Spin to play is an important part of the strategy.
7. Balance Priority When Playing Spins
When you use Withdrawable SG to play Spins, your balance is used in the following order:
1. Conditional Withdrawable SG
2. Withdrawable SG
This means Conditional Withdrawable SG is used first.
After your Conditional Withdrawable SG has been used, your Withdrawable SG will be used.
8. How Spin Rewards Are Treated
Spin rewards are credited based on the type of balance used to play the Spin.
If a Spin is played using Conditional Withdrawable SG, the reward from that Spin will also be treated as Conditional Withdrawable SG until the applicable conditions are completed.
If a Spin is played using Withdrawable SG, the reward from that Spin will be treated as Withdrawable SG.
This rule helps clearly separate balances that are still subject to conditions from balances that are already withdrawable.
9. How Bonuses Work
Bonuses are generally granted as Conditional Withdrawable SG.
If the Withdrawal Goal is completed before the bonus expires, the eligible bonus amount and related prizes may become withdrawable.
10. Bonus Expiration
Bonuses may have an expiration date.
If the required Withdrawal Goal is not completed before the expiration date, the remaining bonus amount and any prizes derived from that bonus may expire.
Please check the expiration date and conditions of each bonus before using it.
11. Forfeiting a Bonus
You may be able to voluntarily forfeit, or give up, an active bonus.
Forfeiting a bonus means you give up the remaining bonus amount and any related prizes.
This may be useful if you prefer to remove active bonus conditions and proceed with withdrawal using eligible withdrawable balances.
Before forfeiting a bonus, please carefully review the amount and related conditions, as forfeited bonuses cannot be restored.
12. Withdrawal Availability
To request a withdrawal, you must meet the applicable withdrawal conditions.
In general:
・the minimum withdrawal amount must be met
・any required Withdrawal Goal must be completed
・there must be no active bonus with uncleared Withdrawal Goal
・KYC verification may be required if necessary
・additional conditions may apply depending on your account status or withdrawal history
If you still have an active bonus with uncleared conditions, you must either complete the conditions or forfeit the bonus before requesting a withdrawal.
For more details about withdrawals, please see the following article:
[Withdrawal Guide for SPIN]
13. Important Notes
Spin rules, bonus conditions, and withdrawal requirements may vary depending on the campaign, Spin type, or account status.
Please review the applicable details shown in the app before playing Spins or requesting a withdrawal.
SocialGood App may also require additional verification or review to prevent fraud, abuse, or unauthorized activity.
Summary
Spin is now a more strategic experience where your balance type, bonus conditions, contribution rates, and Withdrawal Goal all matter.
By understanding how each balance is used and how each Spin contributes toward your goal, you can plan your Spins more effectively.
Please review your active bonuses, balance type, Withdrawal Goal, and expiration dates before playing or requesting a withdrawal.
Who we are
SocialGood, Inc. has raised a total of 2.4 billion yen from venture capital. Our business model is patented in multiple countries around the world. We partner with over 20,000 companies, mainly major e-commerce and gaming companies.
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Official Website: https://socialgood.inc/
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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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The price of SocialGood (SG) will rise higher as everyone shops for what they want.
Join us now – with everyone’s combined efforts, we can all become millionaires together!
