Be sure to check with the latest Whitepaper (PDF version) before purchasing the token.
What is the SocialGood Project?
SocialGood is the cryptocurrency that makes society better.
The expansion of holders will make its price higher.
Let's buy SocialGood and recommend it to your friends.
Let's make society better together!
We raised USD 30M from institutional investors (For US, SocialGood is for accredited investors,
registered with S.E.C.).
Now pre-sale for you!
Once you hold SocialGood, when you buy a product in the shop by USD or Euro or other fiat currency, you can get the Cashback by cryptocurrecy SoicalGood. Part of it is donated to a charitable organization as social contribution. The more you buy products, the more society becomes better.
Social Good Ecosystem (Marketplace)
・The total sales of alliance companies exceeded USD 2B.
・The number of SocialGood holders exceeded 32,000.
Let's buy SocialGood and recommend it to your friend!
- Summary of the Social Good Project
- A global social contribution ecosystem utilizing AI and blockchains
- World’s largest marketplace capable of covering all commerce
- Mechanisms for stably raising SocialGood price and value
- Realization of the global deployment of the Social Good Ecosystem™
- Token sales for ecosystem building
- Overview of team
4. Mechanisms for stably raising SocialGood price and value
(1) Non-security membership type utility tokens (ERC-20 Token Standard)
SocialGood is a cryptocurrency as prescribed in Article 2(5) of the Japanese Payment Services Act. It is not a security.
The main differences between SocialGood and securities are as described below.
- The right to receive cash back payments is the same regardless of whether one SocialGood or two SocialGoods are held.
- The economic merits that can be obtained when holding one SocialGood depend on the buying activities of the holder.
For example, assuming a cash back rate of 10% when SocialGood is held, a consumer spending 1 Million yen at a alliance company has a value of 100,000 yen. Meanwhile, a person spending 10 Million yen has a value of 1 Million yen.
SocialGood tokens are based on the ERC-20 Token Standard, which is highly safe and commonly used around the world and are issued using Ethereum blockchains from offices in Japan.
The token issuing body, Social Good Foundation, Inc., is a Japanese company. Social Good, which is targeted globally, is based in Japan because Japan was determined to be the best place in terms of liquidity of the SocialGood cryptocurrency.
More than half of all Bitcoin transactions are yen-denominated (as of autumn 2017). World Bank financial expert Vincent Launay has pointed out that “Japan’s goal is very clear: to become the global powerhouse for cryptocurrencies” (COINTELEGRAPH, January 2018).
Japan’s Financial Services Agency, which is said to be the world’s toughest in terms of financing, has implemented, as national policy, a cryptocurrency exchange trader system under the Japanese Payment Services Act to nurture and grow cryptocurrencies and vitalize the market.
Over 100 companies are currently applying to register as cryptocurrency exchange businesses, and Yuzo Kano, president of bitFlyer, Japan’s largest cryptocurrency exchange business, has coined the phrase “Japan: The New Heart of Bitcoin.” (Nihon Keizai Shimbun, April 3, 2018).
Thus, Japan was chosen as a base because, from the perspective of liquidity, which is indispensable to enhancing the SocialGood price, it is the third largest economy in the world, its government policy is favorable with respect to cryptocurrencies, and it has a stable political system.
(2) Value raising mechanism through a virtuous cycle model
Regardless of how sublime one’s social contribution philosophy is, it will be difficult to achieve unless incentives are designed correctly. A characteristic of the Social Good Project is that it is designed to
provide win-win incentives to all Social Good Ecosystem™ participants. The SocialGood cryptocurrency lies at the center of this incentive design.
As stated above, unlike Bitcoin, which has no value simply by being held and only exists as a target of speculation, a major feature of the SocialGood cryptocurrency is that it offers a clear benefit of ownership and value by allowing you to enjoy the benefit of cash back.
For example, let us assume there is a person planning to buy a home worth 50 Million yen. Now, let us assume that there is a realtor that is a Social Good alliance company providing 10% cash back payments to SocialGood holders.
From the perspective of Mr. A, who is planning to buy a home worth 50 Million yen, this has a value equivalent to 5 Million yen for 1 SocialGood. If SocialGood is being sold on the cryptocurrency exchange for a price of less than 5 Million yen, it is economically rational for Mr. A to buy SocialGood because “value > price.”
From the perspective of Mr. B who, at the same time, is planning to buy a condominium worth 500 Million yen in Singapore, 1 SocialGood has a value of 50 Million yen. If the market value of 1 SocialGood is less than 50 Million yen, it is economically rational for Mr. B to buy SocialGood before purchasing the condominium because “value > price.”
Thus, there is a clear value to holding SocialGood. SocialGood not only has speculative demand aimed at capital gains like Bitcoin, but it also has, at its core, real demand.
(3) Price raising mechanism through tightened supply and demand
SocialGood also has an attractive characteristic in terms of price. This characteristic is the expectation that the price will rise due to the inevitable tightening of supply and demand for SocialGood.
Supply and demand for SocialGood, of which supply is limited, will tighten because of “forced demand (SocialGood buying for cash back through companies)” generated within the ecosystem. Therefore, the supply and demand for SocialGood are more prone to tightening than gold or Bitcoin, for which there is no forced demand, and legal currency, of which the supply is not limited, and thus investors have a reasonable expectation that the price will rise.
SocialGood was designed with a set supply limit and forced demand.
As stated above, cash back payments by companies (through the Social Good Center) to SocialGood holders within the Social Good Ecosystem™ are SocialGood denominated cash back payments. In other words, the more purchasing occurs within the Social Good Ecosystem™, the more Social Good companies must purchase SocialGood from SocialGood issuing bodies or secondary markets.
In accordance with the contents of the “digital gold theory” by Goldman Sachs analyst Zach Pandl, the price of SocialGood can be said to be more likely to rise than that of gold or Bitcoin. This is because, with SocialGood, forced buying is always generated as a cash back resource, which is not the case with Bitcoin or gold. Currently, there are no goods or services that can only be purchased with Bitcoin or gold. In other words, while the supplies of SocialGood, gold, and Bitcoin are all limited, only SocialGood will always have forced demand.
A legal currency has a forced demand because taxes must be paid in the form of that legal currency. However, a central bank can increase the supply of the legal currency without limit. For example, the supply of US dollars grew 3.5 times from $400 Billion to $1.4 Trillion in just 10 years from 1996 to 2016.
Comparing four asset classes in this way reveals clearly that limited supply and forced demand are set for SocialGood only.
Accordingly, this establishes a reasonable expectation that SocialGood is more susceptible to increases in price than Bitcoin or legal currency. The fact that SocialGood price increases can more reasonably be expected in comparison to other asset classes further strengthens the reasonable expectation that the SocialGood prices will rise sharply through a “self-fulfilling prophecy” (George Soros).
Accordingly, many people will seek out SocialGood as a digital asset with asset properties. Therefore, alliance companies will increase because SocialGood holders will increase, resulting in a significant increase in cash back demand (SocialGood demand) within the ecosystem, generating a virtuous cycle in which SocialGood prices will rise significantly due to supply and demand.
Virtuous cycle model where consumers, companies, and asset values increase continuously
This virtuous cycle, which provides a win-win for all participants, puts network externalities to work and gives the Social Good Project a competitive advantage, not only creating a “winner take all” expectation, as described in the next chapter, but also creating a reasonable expectation that the SocialGood price will rise.
(4) Global GDP and SocialGood price
While it is not certain that the SocialGood price will always behave in this way since there are many factors involved in setting prices, the estimated value of SocialGood is likely to become a value derived by dividing “the demand for buying products and services of all ecosystem participants in the future” by “the limited quantity of SocialGood issued.”
Accordingly, people who forecast the SocialGood price forecast how far SocialGood will spread.
As explained, a significant characteristic of SocialGood is that it raises asset properties by applying cash back payments within the ecosystem as “digital gold.” Additionally, it is naturally assumed that it will be used as a settlement currency between alliance companies and users (i.e., a use method in which it is exchanged for products), just as other cryptocurrencies like Bitcoin are.
The plan is to deploy the Social Good Ecosystem™ in 21 countries (explained in the later chapter) around the world in plural ways. The combined total of the GDPs of those countries is $59.8 Trillion (World Bank National Accounts Data, and OECD Nation Accounts Data).
Forecasting what percentage of these countries’ GDPs will end up on the Social Good Ecosystem™ in the blockchain era, and when that will happen, using the growth of Amazon, Facebook, Uber, and Airbnb in the internet era as points of reference, makes it possible to forecast that the SocialGood price will rise.