Today it is common for retailers to offer cash-back as a marketing strategy to attract online shoppers. Working with merchants and implementing a variety of techniques, cash-back companies give competitive rewards for retail transactions to incentivize more spending. Among those merchants is the SocialGood App who currently has 1.85 million users around the world.
THE SOCIALGOOD APP
Currently the SocialGood App holds the highest reward rates of any crypto back service worldwide. SocialGood makes it easy to earn crypto rewards from your usual shopping, so you can get more free cryptocurrency gains.
SocialGood is a blockchain initiative that aims to rebuild capitalism as we know it by creating a donation machine that combines blockchain and artificial intelligence. The app can be downloaded on Google Play for Android and Apple Store for iPhones, and by using it, users could receive up to 100% of their purchase back in crypto. This will be reflected within a few days after SocialGood has received confirmation of your purchase from any of its affiliated shops.
It’s as easy as 1,2,3! One, download the app. Two, shop from your favorite stores through the app. Three, earn up to 100% back in crypto rewards. It’s like shopping for free. In addition, you get a $30 sign up bonus if you join now.
- Buy what you like with FIAT currency:
The first step for users is to choose the FIAT payment method they prefer (Credit or Debit Card, PayPal, etc.), then shop like usual and make their purchases. Then based on that purchase, get up to 100% crypto back, up to $10,000, per purchase.
After approximately one month, the users receive up to $10,000 in crypto back from their shopping. The crypto they receive is known as SocialGood (abbreviated to SG). Through shopping with the app, they receive up to 100% of the purchase price (crypto back will be reflected in the app after purchase confirmation is received from the online store).
It is important to remember that the maximum amount per purchase is capped at $10,000 in crypto back, however, users can make as many purchases as they like.
- Withdrawing the Crypto earned
SG can be withdrawn after the partner company approves the purchase (this process takes around one month). To know the value of the crypto back earned, users can look on Bittrex, BitMart, and Uniswap where SG is listed, as well as by checking the price on Coinmarketcap and Coingecko.
To understand how the price is calculated, there is an explanation below:
SG has a supply cap, similar to Bitcoin, which means that as the number of holders rises the value can rise as well. Then, how much will the value rise if the number of holders increases? Let’s analyze based on objective data (see here for more details).One thing to keep in mind is that there is a maximum amount per purchase – $10,000 – but you can make as many purchases as you like. By doing everyday shopping, users as consumers can build up their assets at no cost to them. The more the company’s sales increase, the more users increase, and the core value of the assets tends to rise. As a result, when consumers shop from their retail partners through the network, they are given a portion of their purchase price in SG digital assets for free.
The SocialGood App is user friendly and super easy for anyone to use, it introduces the cryptoverse to the average person who may not be familiar with crypto assets, cryptocurrencies and the like, in a very straightforward manner.
In the Social Good Ecosystem, the more users purchase products, the more they increase their assets, and at the same time automatically contribute to society. Since the launch of their service in March 2019, over 1.85 million users have joined the app. Companies such as Aliexpress, BestBuy, Cole Haan, eBay, and Booking.com are in this ecosystem and in total partnerships have been secured with over 1,860 major companies internationally as of the end of May 2020.
SocialGood has provided cryptoback to all users who have made purchases on the app when they’ve met the cryptoback terms and conditions.
By putting partner companies on the App, the operating company is able to receive advertising revenue from their business. As the partner companies are happy to have a new way of increasing their customer base, users are able to partner with more companies daily.
The SocialGood App is available on iOS and Android
For more information on the SocialGood referral program, follow this link.