*This feature has been discontinued as of Feb. 1, 2023.
Guaranteed Value is the price at which we guarantee the purchase of SocialGood ("SG"), in USD, that the user has purchased through an affiliated merchant when using the SocialGood App.
The calculation method is as follows:
Guaranteed Value = the amount of SG you are to get at the time the purchase status is "Pending" × the SG/USDT rate written to the left, which is used for calculating SG
The Guaranteed Value is calculated when a user purchases an item from a merchant that has a tag that says "Purchase Guaranteed."
Even if the market value of the SocialGood cryptocurrency (which was received from a merchant that is "Purchase Guaranteed") falls, the company will guarantee the SG value with a USDT equivalent to the Guaranteed Value at the time the SocialGood status was set to "Pending."
*For the definition of various statuses, see this article (Could you tell me more about the "Status" types that can be confirmed in the app's "Shopping History" area?).
*For the definition of the SG rate conversion date and rate provider, see this article (At what point in time is cashback's SG rate calculated at?).