As corporate investors know well, in the crypto market, the token’s market capitalization is clearly proportional to the number of holder addresses.
Specifically, the data shows that for each new address holding a token, its market cap increases by approximately $11,000 per address.
Here we simply show in numbers the reality that everyone already understands; the more holders there are, the more that the token is highly valued by the market.
Now let’s consider this with the SocialGood (SG) token.
Even though there are currently over 2 million SocialGood users, the number of addresses publicly visible on the blockchain total to a mere 18,386. Therefore, the true value of SG as a limited-supply token is unjustly undervalued in the market.
In other words, while there is usually a value per address of about $11,000 for other tokens, SG is undervalued at about 1/10 of that amount.
With the upcoming update to the SocialGood Ecosystem™, the 2 million users will now hold SG in their wallets on the blockchain, making the true popularity of the SG token visible to the world. This will allow SG to be correctly valued by the market, and by applying the $11,000 per address value like other tokens multiplied by the number of addresses at 2 million to calculate the market cap, we can logically conclude that the price of 1 SG will be $105.80.
Therefore, as Coindesk has reported, with this Membership Activation update, the correct data for SG will be made publicly visible, making the true value of SG clear and returning the SG token to its full value from its incorrectly undervalued state. Please look forward to when this significant event will take place.
Of the 5 billion mobile device users, market research shows that 55% seek cashback or rewards when they shop online, and 2% would want to receive those in crypto. This amounts to 55 million people who want Crypto Back rewards.
With over 70 registered patents related to crypto cashback rewards, only the SocialGood App can provide the service that this large market demands. Therefore, 55 million people worldwide want to use the SocialGood App.
Below is the actual data of our user growth.
According to a joint report released by Boston Consulting Group, Bitget and Foresight Ventures, by 2030, only 8 years from now, the number of people using crypto will surpass 1 billion (which is 20% of all mobile device users today).
Based on that projection, the number of SocialGood App users, which is the number of people purchasing SG, will reach 550 million. (Calculated as 5 billion mobile users x 55% who want rewards x crypto holders 2%→20%)
Again, the maximum supply of SG is only 210 million.
The theoretical price of SG with 2 million users is $106, but what would the theoretical price be when there are 550 million users? Feel free to calculate it to see for yourself.
Based on these facts, as the developers of the SocialGood App, we regularly buy back SG from the secondary market using our profits from advertising and affiliate revenue streams. Our aim is to keep the price of SG stable by narrowing the SG supply in the secondary market.
Read our whitepaper for more details: https://socialgood-whitepaper.com/
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.