*Note: Read this article for the updated information on which features of the app are token-gated (exclusive to activated Members): https://socialgood.zendesk.com/hc/articles/15306796738969
Dear SocialGood Community,
Thank you for your continued use of the SocialGood App and for supporting the SocialGood Project.
We have received many requests from SocialGood App users to raise the value of the SG token.
Generally speaking, for the value of a token to rise there must be a continuous flow of new buyers.
If a token can create continuous demand, its value will steadily increase, regardless of whether the Bitcoin market is bearish or bullish.
That is why, in response to our users’ requests, we have introduced a new Membership Activation system as a mechanism to ensure that people all over the world continue to purchase SG.
With this system, users must buy SG as their Membership Access Pass in order to use the SocialGood App.
This is the only system of its kind in the world, based on the multiple patents registered to Social Good Inc.
The SocialGood App is a Shop-to-Earn app that rewards you with free crypto. That means that if, for example, you shopped with $100 at your favorite store, you will earn up to $100 worth of crypto back. Over two million people are already using this app for those benefits.
Demand for SG is expected to grow as these two million users purchase SG, which is a limited-supply token of only 210 million coins, for access.
Of course, we will also be promoting the app to the 5 billion mobile users worldwide, so the value of SG will even further increase.
With the update of the app, we have also updated our website:
More details behind this update:
The Demerits of not Activating your Membership:
The following limitations will apply if your Membership Status is “Not Activated.”
- You will not be able to shop via the SocialGood App, and you will not earn back any SG rewards.
- You will not be able to refer your friends, and you will not earn referral bonuses.
- You will not be able to earn any future bonuses or giveaways in the app.
- You will not earn staking rewards.
- You will not be able to use the Withdrawal function.
How to Activate your Membership:
Now that the Membership Activation system has been implemented in the app, you will need to buy 200 SG via the Coinbase Commerce feature in the SocialGood App and keep holding at least 200 SG in your external wallet connected to the app in order to gain full access to the SocialGood App’s features.
This feature allows you to get 200 SG easily.
・How to Buy SG with the Coinbase Commerce Feature in the SocialGood App:
・How to Connect Your Wallet to the SocialGood App:
Merits of Holding SG:
You will enjoy the following benefits when you hold SG and your Membership Status is “Activated.”
- You will earn up to 15% APY staking rewards
- You will earn SG, which is expected to rise in value, at no cost and risk-free with the SocialGood App, the up to 100% Crypto Back rewards app that can only be used by SG holders
- As demand increases for SG as a Membership Access Pass for the app, the value of SG is expected to rise (SG is a limited-supply token with only 210 million coins, which is scarce relative to the global demand for the SocialGood App)
Thank you for continuing to support the SocialGood Project.
Details about the Membership Activation System:
*Just like your staking level, your Membership Activation status is automatically checked every 6 hours. Your Membership status will stay “Activated” only if you are holding at least 200 SG in your external wallet connected to the app.
*SG that was “Pending” before the Membership Activation system was introduced will become “Approved” after the partner site verifies the purchase (see the "Verification Period").
*Even after you activate your Membership status, if you later become “Not Activated,” all of your “Pending” SG at that time will become “Declined.”
*The minimum amount of SG required to be held in external wallets for Membership Activation is subject to change depending on the balance of supply and demand.