SocialGood price is $0.02574605
As of the latest data, the price of SocialGood (SG) is $ 0.02574605. Its value has decreased by -0.96% in the last 24 hours.
SocialGood is a unique cryptocurrency project leveraging blockchain technology to create a platform where users can earn crypto assets through their shopping activities. SocialGood aims to enhance the value of users' daily shopping experiences by providing them with an opportunity to receive SG tokens as a cashback reward when they purchase products from partner retailers using the SocialGood app.
The founders of SocialGood have not been specified in the provided data. However, most cryptocurrency projects are initiated by a team of professionals or entrepreneurs with experience in blockchain technology, finance, and e-commerce. SocialGood's team presumably consists of experts who understand the intersection of these fields and are driven to create a system where shopping yields financial benefits in the form of cryptocurrency.
SocialGood works by creating a synergy between cryptocurrency and the e-commerce space. When a user shops at a participating retailer through the SocialGood app, a portion of the purchase value is returned to them in the form of SG tokens. This system is designed to operate as a loyalty program, incentivizing users to use the SocialGood platform for their regular shopping needs.
SocialGood stands out by providing a real-world use case – enhancing the shopping experience through crypto rewards. It's not just designed as a speculative asset but rather aims to deliver tangible benefits to users. This approach could potentially attract non-crypto-savvy individuals who are interested in getting some value back from their everyday shopping.
Details regarding the security measures of the SocialGood ecosystem have not been provided. However, typical security practices in crypto include the use of blockchain technology, advanced encryption methods, and secure smart contract protocols to protect users’ funds and data. SocialGood likely employs similar strategies to ensure the safety of its platform and its users’ assets.
The current circulating supply of SocialGood (SG) is 23.7M. The total supply of SG tokens is typically set by the project's parameters, but this specific number can be dynamic as it may be affected by various factors such as token burns or new token releases.
SocialGood’s value proposition is directly connected to shopping through its cashback system, where users receive SG tokens as a reward. The more users shop using the SocialGood app, the greater the demand for SG tokens may become, potentially influencing the token's value.
To keep your SocialGood (SG) tokens safe, using secure wallets that support the token is essential. Hardware wallets are often recommended for their offline security features. Regardless of the wallet you choose, always keep your private keys confidential and make use of strong, unique passwords and two-factor authentication when available.
You can purchase SocialGood (SG) tokens on BitMart, Bittrex. Make sure to research each exchange for its reliability, security features, and transaction fees before proceeding with your purchase.
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