On January 31, 2023, the new SG token stabilization system was implemented in the SocialGood App in order to preserve the SocialGood Ecosystem™. With this innovative feature, we aim to improve and stabilize the supply-demand balance of the SG token and secure its value for all long-term SocialGood holders.
The token stabilization system is based on a paced withdrawal pool that has been implemented into the SocialGood App.
This means that there is a maximum total amount of SG that can be withdrawn by all users cumulatively within a certain timeframe.
Once that maximum is reached, withdrawal requests will be labeled as “Pending” and paced out in a timed queue (first-come, first-served, within the allocated amount).
This system is an important step in securing the SocialGood Ecosystem™ as the community continues to grow worldwide. The SocialGood team continues to work to improve and support the development of the app and the technology behind it.
Official Website: https://socialgood.inc/
Download for iOS: https://socialgoodapp.page.link/referral-ios
Download for Android: https://socialgoodapp.page.link/referral-android
Chrome Extension: https://chrome.google.com/webstore/detail/socialgood-crypto