Social Good: Ponzi Scam or Legit Crypto Savings Account?

SocialGood (SG) is a cryptocurrency aimed at making a positive impact globally. It has a capped maximum supply and offers holders the chance to earn a daily staking bonus of up to 15% APY. SG serves as a Membership Access Pass for using the SocialGood App, and its demand is tied to the popularity of the app itself. As more people seek SG, the app will distribute it for free, creating a cycle of increasing demand for both SG and the app. On January 19, 2021, SG's market cap hit an all-time high of $1.47 billion. **How to Obtain SocialGood (SG) Crypto** You can buy SG on exchanges like MEXC, Bittrex, Bitmart, XT, and Uniswap, and trade it for BTC or USDT at any time. Additionally, by shopping on platforms like AliExpress, eBay, Walmart, Lazada, and Nike through the SocialGood App (available on iOS and Android), users can earn up to 100% Crypto Back rewards from their purchases—a feature known as Shopping Mining™. This forms part of the app's "Shop-to-Earn" system. **The Future of the SocialGood Ecosystem** The user base of the SocialGood App has seen rapid growth, expanding more than fivefold in just three months to over 2 million users across more than 200 countries. The app is also available in Simplified Chinese, Hindi, and Vietnamese. Currently, there are over 1,800 shopping websites that partner with the app. As users make purchases through it, both their revenues and the app's effectiveness increase. With 55% of mobile users globally looking to earn cashback or rewards while shopping online, and cryptocurrency transactions reaching over $100 billion daily as of February 2022, the SocialGood App meets these demands as a rewards platform. SocialGood, Inc. is considering allowing users to pay with SG at partnered retail stores in the future and plans to expand its partnerships with more online retailers to enhance the app's utility. **About SocialGood, Inc.** **Mission:** To create the largest global platform for financial freedom accessible to all. **Vision:** To become the leading cryptocurrency and mobile app with the highest user numbers. SocialGood, Inc., a Japanese company, benefits from Japan's early adoption and regulation of cryptocurrency and its strong presence in shopping reward systems. This context laid the groundwork for the SocialGood App, which offers Crypto Back as rewards. Revenue for SocialGood, Inc. comes from advertising fees from partner stores, in-app content sales, and the sale of SG as membership access. The company does not engage in initial coin offerings (ICOs) but seeks sustainable growth through business operations. As of December 2021, the company has secured 68 patents related to its Crypto Back business model, with applications in the U.S., E.U., India, and China. It has received backing from the Tokyo Metropolitan Government and JETRO, a Japanese government organization. The SocialGood project successfully raised around $14.2 million in venture capital, marking the largest investment thus far in a Web3 company based in Japan, and was recognized in titles like "SocialGood App Raises 14.2M for Patented Crypto Back Platform." Founded in 2018 by Soichiro Takaoka, a seasoned entrepreneur with 23 years in fintech, SocialGood, Inc. has his leadership backing a prior fintech venture that amassed $1 billion in investment advisory contracts. Takaoka is also an author of finance-related publications and has an academic background from Tokyo University and the Stanford Executive Program. *“SocialGood” and its logo are protected trademarks in Japan, the U.S., and the E.U. The list of available online stores may vary by user region. The fully-diluted market cap is calculated by multiplying the maximum supply by the current market price. The staking bonus rewards additional SG for holding the currency and is not a financial service. The number of patents refers specifically to claims in Japan. The total funding amount reflects $14.2 million USD at the rate of 100 JPY = 1 USD.*cryptocurrency, and is also one of the top countries globally for shopping reward systems in widespread use. This is the background for the SocialGood App’s creation, which provides Crypto Back as a shopping reward. SocialGood, Inc. earns revenue from advertising fees from stores partnered with the SocialGood App, the sale of in-app content, and from sale of SG as a Membership Access Pass to use the app. The project does not conduct token offerings like ICOs and is instead growing sustainably with revenue from business transactions. SocialGood, Inc. has registered 68 patents related to the Crypto Back business model (as of Dec. 2021), and has completed the application process for these patents in the U.S., E.U., India, and China. SocialGood, Inc. has received support from the Tokyo Metropolitan Government and the Japanese governmental organization JETRO. The SocialGood project raised approximately $14.2M in VC equity funding (the largest investment to date for a Japan-based Web3 company). "SocialGood App Raises 14.2M for Patented Crypto Back Platform" SocialGood, Inc. was founded in 2018 by serial entrepreneur Soichiro Takaoka. He has 23 years of experience in the fintech field, and founded a fintech business which rose under his leadership to obtain $1B total in investment advisory contracts. He has also authored two publications about finance. He graduated from Tokyo University and completed the Stanford Executive Program. *“SocialGood” and the SocialGood logo are registered or pending trademarks in Japan, the U.S. and the E.U. *The available online stores partnered with the app will vary depending on the user’s region. *The fully-diluted market cap is calculated as the maximum supply multiplied by the market price at that time. *The staking bonus is a service to reward users with additional SG crypto in return for holding their SG. This is not a financial service. *Number of patents refers to the patent claims in Japan only. *The total funding is calculated as $14.2 million USD at the rate of 100 JPY = 1 USD.