Q1: When will the app be released?
Can you tell me about the newest campaign? Where I can download the SocialGood App?
A: New $500 SG Campaign! Available throughout August 31st, 2021 Japan Standard Time.
Just by going shopping, you can receive SG for free.
There will be no lock-up on this SG.
Campaign Details: https://socialgood.inc
SocialGood App Link: https://apps.apple.com/us/app/id1494986337
Q2: Can the team issue tokens at any time within the issuance limit and then sell them on the market?
As a token distribution policy, we do not intend to distribute more than the 500,000 SG tokens sold on BitMart.
NOTE: Regarding the IEO and the pre-sale held before 2019, they were canceled. All participants were refunded and we have already collected the token (https://socialgood-foundation.com/news/20190305.php). Therefore, until the SG price becomes 1 SG=US$10, and for the time being, only about 500,000 tokens distributed in Bitmart's IEO will be in circulation in the market.
Q3: Since the launch of BitMart, what has been your expectation of the market price of SG?
We don't have control over pricing, so we also don’t know the future. However, we can make our own calculations.
As with our company, the market cap of similar projects that advocate “cryptoassets point back system on shopping” is around US$140 million. This is the current market feeling of the cryptocurrency market. However, the project has only 1/10 of the number of SG users. Therefore, if SG is valued according to the market price, I believe it would be reasonable if SG's market cap were to be valued at US$ 1.4 billion. In that case, I think that the fair value of 1 SG becomes US$800.