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 40,000.
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
6. Token distribution for ecosystem building
(1) Token overview
Token name: SocialGood
Token abbreviation: SG
Ticker symbol: SG
Planned listing date: During 2019
Exchanges token is listed on: Various exchanges worldwide
(The listing on cryptocurrency exchanges such as DigiFinex and Latoken have already been announced and other major cryptocurrency exchange listings have been confirmed. Yet, this timing may be postponed in consideration of market conditions, etc.)
No. of issued tokens at the time of listing: 17, 727, 258.9181 tokens (2019 fiscal year)
Token type: Utility token
Price: The majority of tokens are transferred to SocialGood Cashback service users free of charge.
However, a portion of the tokens are sold for a fee. If purchased for a fee, the selling price and conditions for each token can be confirmed at the time of purchase on the official website of the cryptocurrency exchange (e.g., LATOKEN) or on our official website.
Standard: Ethereum ERC-20 Token Standard
Issuance limit: 210,000,000 tokens
Token issuing entity: Social Good Foundation Malta Ltd. (A wholly owned subsidiary of Social Good Foundation Inc.)
Registration: Filed with the U.S. Securities & Exchange Commission (SEC)
(2) Token ecosystem mechanism
SocialGood (hereinafter referred to “SG”) is a cryptocurrency (token) that, because it has a fixed upper limit of tokens that can be issued, works as a mechanism at which the price rises as the demand increases. This is illustrated in the following diagram.
Cycle of the token price rising
First of all, when purchasing goods, the more SocialGood Cashback users (hereinafter referred to as “user”) whom receive 20% cash back increases, the more the demand of SG used for cash back increases, which makes the SG price inclined to rise.
The cash back operating company Social Good Foundation Inc. and Social Good Foundation Malta Ltd., which is the entity that issues tokens, (hereinafter, when referencing both companies combined, will be referred to as "operators"), will sell SG during token sales to wise investors who have taken an interest in the mechanism. The operator uses funds obtained by sales as follows.
- To conduct advertising etc., to increase user numbers and get higher gross market values, and to increase the amount of cashback.
- To collect the SG that are out on the market (an example of this would be to envision us buying back our own shares)
Furthermore, operators provide users with long-term ownership incentives because the longer the holding period of SG is, the higher the percentage of cash back is, urging users to refrain from selling SG.
Also, we guarantee users a flat market buying price of SG received in cash back (e.g., 1 SG = 10 dollars) (conditions of the purchase guarantee can be confirmed in the terms of usage and terms of service of SocialGood Cashback).
We have already submitted patent applications internationally for the abovementioned token cash back business model.
The token ecosystem is designed and operated to maintain the rising price of the token
(3) Allocation of issued tokens at the time of listing
The upper limit of tokens to be issued is 210,000,000 tokens, so when the token ecosystem expands and more SG becomes necessary due to cash back demand, they will be newly issued from the perspective of what will be needed within the next 30 years, but at this present time we have not planned to issue any more.
In the 2019 fiscal year, we expect to have issued 17,727,258.9181 tokens. The issued tokens as of the end of December 2019, which are scheduled to be listed on multiple cryptocurrency exchanges, are listed as follows:
First of all, 17% of the issued tokens (as of the end of 2019) are to be allocated to "teams and partners (alliance companies)." Tokens allocated to "team and partners" are locked up, and then later released evenly every year over the period of 4 years after the token sales have ended.
Next, 26% of the tokens issued shall be allocated to institutional investor sales and the Airdrop distributions that were implemented in 2018.
Finally, 10,000,000 tokens corresponding to 56% of the issued tokens will be applied, in accordance to the schedule token distribution for 2019, to the tokens used for cash back during the 2019 fiscal year and for the token sale in 2019.
In regards to this allocation, at the end of December 2019, when the tokens are to be listed, we will issue a maximum of 17,727,258.9181 tokens, without including the allotment to the team and partners, and the maximum tokens in circulation will be 14,627,258.9181 tokens, accounting for 83% of the issued tokens.
(4) 2019 Token Allocation Plan
In the 2019 fiscal year, up to 10 million tokens will be distributed before listing. The process is as follows.
2019 Token Allocation Plan
First of all, since February 2019, as a part of the SocialGood Cashback service, we will grant SG up to or the equivalent of 20% of the purchased goods made by users who purchase goods at alliance companies free of charge (for details, please check the terms of service of SocialGood Cashback).
Next, between February 2019 and until the listing date (scheduled for 2019), SG tokens will be sold for a fee during a sale carried out on cryptocurrency exchanges (each corresponding sale hereinafter referred to as an “IEO”). Another portion will be sold on the issuer's site (hereinafter referred to as “presale”). For terms and conditions of the token sale, etc., please confirm the sales conditions for each token at the time of purchase.
December 2019, we will sell tokens in various cryptocurrency exchanges worldwide (each corresponding sale hereinafter referred to as an “ICO”).
In other words, cash back users are granted SG free of charge, and the remainder will be sold during the presale, IEOs and ICOs for a fee.
In addition, of the 10,000,000 tokens to be distributed within the 2019 time frame, if there are any tokens left over that were not provided as cash back free of charge or were not sold at a fee, they will be allotted to the operator as token inventory for future cash back distributions.
(5) Use of funds obtained through the token sale
A breakdown of the usage of funds obtained through the token sales held during the 2018 and 2019 fiscal years are as follows.
“Ecosystem Expansion Expenditures” mainly expand the SocialGood Ecosystem ™ and increase the asset value of SG owners. In order to do this, allocated funds are used in the following three ways.
- As reserves to guarantee the SG purchase price provided in cash back at the time the tokens are granted
- As funds to be used by the operating company to repurchase SG from the market in order to adjust the supply and demand of SG circulated in the market
- In various measures used to increase the users of SocialGood Cashback Services (Such as using funds towards advertisement costs or PR expenses)
For details, please refer to abovementioned "Token Ecosystem Mechanism."