In order to maintain the SocialGood App ecosystem and to stabilize the price of SG, there are certain limitations for user withdrawal amounts, including the maximum withdrawal amount per month.
These withdrawal limits will be eased according to the growth of the SocialGood Ecosystem™.
Specifically, the amount of SG that can be withdrawn will be increased system-wide when:
・User registrations increase through referrals
・The SG price rises
In a future update, we plan to release a “FastPass” that will be available for purchase. Those who purchase the FastPass will be able to withdraw more than the limited monthly amount.
If you would like to withdraw more SG, we recommend that you first use the “Referral” screen in the app to invite new users.
You will earn $100 for every new user you refer to the SocialGood App. (*as of Nov. 17, 2022. Please check the app for more details.)
Your SG in the app will also earn you up to 15% APY staking rewards.
Current Withdrawal Limit
The maximum withdrawal limit for users is currently limited to the equivalent of $60 USD per month in consideration of the current supply and demand of the SG token. (This withdrawal limit also includes SG from bonuses and staking rewards.)
The withdrawal limit will reset on the first day of each month at midnight UTC.
Each time you make a withdrawal from the app, the equivalent USD amount for the withdrawn SG will be calculated and subtracted from your monthly maximum withdrawal limit.
If your total Approved SG (in USD) is less than $60, your total Approved SG will be shown as the amount that can be withdrawn (in USD).
*This withdrawal limit amount is subject to change without prior notice according to the supply and demand conditions. Please always refer to this page for the latest information. In addition, withdrawals may be temporarily paused depending on the type of approved SG. Thank you for your understanding.
About the Withdrawal Limit (updated Nov. 17, 2022)
