🔎 What’s Staking?
The staking service is a benefit for those who purchase SG within the SocialGood App.
You can earn up to 10% APY in staking rewards based on the SG balance you purchased in the app and hold in your connected wallet. SG will be automatically sent to your connected wallet on the 15th of each month, and gas fees are covered.
🎯 Why Buy SG in the App Now?
・Better Timing: Earlier purchases result in higher staking principal.
・Demand Growth: More users joining → higher SG demand.
・Early Advantage: Benefit from potential SG price increase + better APY rank.
👉How to Buy SG via Coinbase Commerce inside the SocialGood App
⭐ Why SG Staking?
・No lock-up required.
・Higher returns than many major platforms (XRP: 7.1%, BTC: 7%).
・SG offers up to 10% APY with stronger price growth potential.
・Every 15th of the month, SG will be delivered to your wallet based on the balance in your connected wallet in SocialGood App.
👉 How to Connect Your Wallet to the SocialGood App
・APY is converted into a monthly rate and distributed accordingly.
The staking amount is calculated as follows:
Detailed Staking Calculation Method:
The staking principal is determined based on the smaller of the following two amounts:
1. Average Daily Balance (USDT Value)
The average daily SG balance in the connected wallet during the observation period (converted to USDT).
2. SG Purchased in the App
The total amount of SG purchased through the SocialGood App after January 10, 2025.
📅 Distribution & Observation Period
・Reward date: 15th of every month
・Observation: Previous 15th → Current 14th
Example: Reward distributed on February 15, 2025 → Observation period is January 15–February 14.
📝 Example 1（Fluctuating SG Balance）
If you purchase $100,000 worth of SG on January 14 and hold it, and your average balance between January 15–February 14 is $90,000, then:
・Staking Principal = $90,000
・APY applied = 8%
・Reward is granted on February 15
📝 Example 2 (Join Mid-Period)
Even if you join the staking service on January 20, the observation period still counts all 31 days.
If you purchase and hold $5,000 worth of SG from January 20–February 14:
Staking Principal = $5,000 × 26 days ÷ 31 days = $4,193.55
This amount will be used to calculate the reward distributed on February 15.
*Notes:
・The number of days in the observation period depends on the month.
For example: January 15–February 14 = 31 days.
・The average balance is calculated as:
Total daily SG balance (in USDT) ÷ Total number of days in the observation period.
・All days in the observation period are counted, even if you join in the middle of the period.
⚠️ Having Trouble? Staking Not Being Applied?
The most common issue is misunderstanding how the staking principal is calculated.
Please check the following:
・SG was purchased inside the app
・SG is held in the connected wallet during the entire observation period
・The average balance may be lower if your SG fluctuates during the period
*The previous in-app staking system is discontinued, but your existing in-app SG remains usable and withdrawable once conditions are met.