Our goal is to:
・Ensure that the SG Ecosystem raises the price of SG sustainably ・Maximize the long-term benefits for SG Ecosystem participants
While the SG ecosystem is small, i.e., while the number of app users is low, we will give SG worth 100% and 200% of purchases to attract new users. However, the maximum withdrawal amount across the platform will be kept small so that SG prices do not fall. Once the SG ecosystem is large enough, we plan to reduce the asset building rate to a small percentage. However, to the maximum extent possible, we will increase the amount of SG that can be withdrawn across the platform.We believe that everyone who currently uses our app understands the ecosystem. That’s why we want to offer a first-mover advantage to current SocialGood App users. Specifically, we are offering huge offers, such as SG worth 200% of your shopping for a limited time.
Our plan for the development of the ecosystem is as follows:
■Phase in which SG is not yet well known and there is not enough liquidity of SG in the market We aim to increase the number of new users by granting high amounts of SG such as 100% or 200% for purchases via the app. However, the amount that can be withdrawn by all users is kept small so that the price of SG does not collapse.
■Phase in which SG has become well-known and SG liquidity has increased The amount of SG that can be received for purchases via the app becomes a small percentage of the purchase price. On the other hand, as the amount of purchases via the app increases and SocialGood, Inc. revenue improves, the amount that can be withdrawn by all users becomes very large.
Note that the withdrawal limit is controlled by the monetary amount, not the number of SG tokens.
So, take as much free SG as you can get, which will be granted in large amounts in the current phase. It is recommended that users wait to withdraw a larger amount in the next phase.
For example, let’s say you now have 100 SG, which is 100 dollars, assuming 1 SG = 1 dollar. Depending on your purchases, you may be limited to withdrawing only $1.00 worth each month. You can only withdraw SG to the extent that SocialGood, Inc. can buy back, i.e., to the extent of their revenue, in order to maintain the price of SG.
In the future, if 1 SG = $10, you would have an asset of 100 SG = $1,000.
At that time, everyone would be able to withdraw $100 worth of SG every month because the liquidity of SG is secured and the overall withdrawal limit has expanded due to the increased revenue of SocialGood, Inc.
At that time, you would be able to withdraw 10 SG each month and sell your SG on the market to get $100.
You still have 90 SG left in your assets. This means that you can withdraw $100 nine more times.
Thus, it is obviously better to get $1,000 in the future when 1 SG = $10, instead of withdrawing 100 SG in the era of 1 SG=$1, sell it immediately, and get $100.
🌎Your SG Withdrawal Limit Depends on Your Contribution
The more you contribute to the SocialGood community, the faster and more SG you will be able to withdraw. The SocialGood Ecosystem is designed to prioritize loyal supporters who are actively contributing to the project and building a stronger community. More details about withdrawals here.
The best ways to contribute are to invite your friends and family, share your referral link on social media, and make sure to always open the SocialGood App or Chrome extension before any online shopping. See referral tips here.
Join us in making the SocialGood community even stronger and raising the price of SG by growing the popularity of SocialGood! Remember, the more users increase, the more purchases via the app, which raises the price of SG higher, thanks to our patented buyback system.
This campaign is part of our shared challenge to see how high we can boost the SG price with the power of over 2.4M-strong community.
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