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How to Withdraw SG

blog Referral withdrawal 1

Must-Watch Video for all SocialGood App Users and SocialGood (SG) Holders

Updated Sept. 20, 2023

Ready to withdraw your SG from the SocialGood App? Check out the options below. Remember, these limits are in place to protect the value of your SG.
The SG that is withdrawn from the app is continuously bought back by the SocialGood team. That’s why the price of SG keeps rising, since the new system was implemented in June 2023.

 Contributor’s Withdrawal

How to Withdraw Large Amounts of SG

SG Limit: up to $200 each time
Waiting Time: depends on your contributions to the SocialGood project

user Referral withdrawal

You’ll need to:

📢 Invite 3+ people to join

🛍️ Shop for $50+ in past 30 days

🆔 Pass KYC identification

friends Referral withdrawal

Your invitees need to:

📲 Download via your unique link

🛍️ Shop for $50+ each (must be Approved)

How to Withdraw Large Amounts of SG Faster

Contributor’s withdrawal requests are processed in order of each user’s contributions. The more your invitees shop, the faster you can withdraw large amounts of SG, so be sure to share the latest offers with your community and explain how to shop via the app. Your invitee’s shopping must be approved in the past 30 days to affect your priority.
Withdrawals are paced out to maintain the price stability of SocialGood (SG). The more people shop via the app, the more buybacks and less waiting time.

(updated Oct. 3, 2023)
Q: I see an estimated waiting time shown after requesting a withdrawal using the Contributor’s Withdrawal option. What does it mean if my waiting time increases?
A: It means that other users who have contributed more than you have also requested to withdrawal, and their requests are prioritized in front of yours. The higher the total recent approved purchase amount by your invitees, the shorter your waiting time will be. To shorten your waiting time, it is important to encourage your invitees to keep shopping via the SocialGood App and Chrome extension. Many users have successfully gained more invitees by including their referral code in reviews on the Google Play Store. For more advice on how to gain referrals, click here: âž¤Referral Tips

 Regular Withdrawal

How to Withdraw SG Immediately

SG Limit: depends on your recent Approvals*
Waiting Time:
none

You’ll need:

🛍️ Shop for $50+ in past 30 days

✅ Shopping approvals in past 30 days

🆔 Pass KYC identification

*Your withdrawal limit will depend on your shopping Approvals in the past 30 days. This is a percentage of your shopping total, and the percentage depends on each store. It may take a few months for the store to approve your purchase. You’ll receive an email and push notification when you have a new Approval. Click here for a list of stores that approve faster.

SocialGood Price Screenshot

This SG/USDT chart shows the growth since the buyback system was announced in June 2023 until now (Aug. 30). The SocialGood team is buying back the SG on the market that users withdraw from the app.

 For more information, see these articles: 

 ➤New Withdrawal System for Contributors

 ➤Detailed FAQ

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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