1. The Aim of this Program
The SocialGood App has a membership program. This program allows users to be able to exponentially gain SocialGood (SG) the more they earn. Our structure has been patented and is the only of its kind in the world. We call this the SocialGood Ecosystem™.
In our capitalist society, the more consumers shop the less money they have. But, the SocialGood Ecosystem™ reverses this. The more users shop, the more assets they gain allowing them to achieve economic freedom. We plan on bettering society through our program. That’s why we named the app’s cryptocurrency “SocialGood.”
You can purchase the things you need on a daily basis through the SocialGood App. When you do, you’ll earn up to US$1,000 in SG as many times as you want for free (crypto back through shopping). The SG you receive can earn up to 15% APY through Staking Rewards every 6 hours (our Staking Program).
Now that you've joined our app you’ll be able to use the SocialGood App every day, receive SG for free, and as you earn more be able to earn up to 15% in Staking Rewards and up to a 100% crypto back rate for shopping at our stores.
Just like a snowball, your assets will continue to grow.
2. Member Tiers
Here is more information about how the membership program works.
The total of the SG you hold inside of the SocialGood App and the SG in your connected MetaMask wallet is called “Staked SG.” Depending on your amount of Staked SG or how much you’ve purchased, your membership rank will change.
The higher your rank is, the more Staking Rewards you will receive and the higher rates you will get in crypto back while shopping.
There are 5 membership ranks: bronze, silver, gold, platinum, and diamond. As you fulfill the requirements below, your rank will move up!
The staking rewards you earned through your rank are added to your SocialGood App every 6 hours. You can receive compound interest as your Staking Rewards will be calculated based on both the initial SG and the accumulated Staking Rewards from previous periods. In addition, approved SG inside of the SocialGood App is calculated in the total staked SG at an increased amount of 3%. Therefore, unless if it is urgent, it is best to keep your SG inside of the app instead of withdrawing so that you can earn more through Staking Rewards.
3. How Ranks are Determined & Staking Rewards
The more you shop through the SocialGood App and the more SG you stake, the higher tier your rank will reach in the membership program.
As your rank becomes higher the percentage you receive in Staking Rewards and the crypto back rate you receive when shopping will rise.
The staking rewards program allows users to receive up to 15% APY through SG in their SocialGood App and in an external wallet like MetaMask. The membership rank is determined by the amount of SG held and the cumulative total of the purchase amount for the past 2 months. The amount of staking rewards received depends on the membership rank.
Diamond Rank (15% APY)
- Total amount purchased in stores in the past 2 months is US$100,000 and up
OR
- Total Staked SG is at least 5,000SG
Platinum Rank (10% APY)
- Total amount purchased in stores in the past 2 months is over US$2,000
OR
- Total Staked SG is over 200SG
Gold Rank (7% APY)
- Total amount purchased in stores in the past 2 months is over US$1,200
OR
- Total Staked SG is over 50SG and total amount purchased in stores in the past 2 months are over US$0.01
Silver Rank (4% APY)
- Total amount purchased in stores in the past 2 months is over US$0.01
OR
- Total Staked SG is over 50SG
Bronze Rank (1% APY)
The initial status
4. Higher Crypto Back Rates when Shopping with Higher Ranks
Higher ranks also earn you higher crypto back rates when shopping through the app.
For example, let’s say there’s a shop that currently has a 3% crypto back rate. If you become a Diamond Member, you might receive a personal email or push notification that you are now eligible to receive 100% crypto back.
＊However, because the crypto back rate takes your membership rank as well as other additional information into account, this offer is personally determined for each user.
In short, the more you shop through the SocialGood App and the more you stake, the more you will be able to earn in crypto back through shopping.
There’s something important to let you know. We believe that the SocialGood App has “the world’s No. 1 highest cashback rates.” We’re also proud to have the world’s fastest returns.
Even for someone new to the SocialGood App who’s at Bronze Rank, they can already receive a higher return rate than from other cashback sites.
However, it is possible that we may miss something and another service may come out with a better rate.
In the case that you find a crypto back or cashback site with a higher shopping return rate than the SocialGood App, please let the SocialGood Team know right away. We promise that within two business days we will change the rate in our app to be higher than the other service.
We’re sorry to repeat ourselves, but we hope that we can continue to be “the world’s highest cashback rates app” forever.
5. Our Final Request
We believe in the SocialGood Ecosystem™, the more SG holders (SocialGood App users) there are, the higher SG’s market price will become, making everyone happy.
Why does the value of SG rise when the number of SG holders increases? Read for more details: SocialGood (SG)’s Price, Valuation, Future Prospects, and Staking up to 15% APY
Increasing the number of SocialGood App users will benefit you economically. In addition, you can receive a $1 Referral Bonus through our Referral Program.
Make sure to tell everyone you know about the SocialGood project. Starting today, let’s make society a better place!
For more about the Referral Bonus: US$1 Referral Program
For more about buying SG on crypto exchanges: 3 Methods for Purchasing SG on Crypto Exchanges