SocialGood is a project that deserves review due to the token making it to top gainers chart on coinmarketcap. Nowadays, the cryptocurrency world is being driven by memes, shitcoins and non-functional tokens, created on several different networks and blockchains, which serve no purpose at all other than tricking users into trading those assets to create market fluctuations that are backed by no specific reason at all and are all artificially made. This mess must come to an end, and cryptoandreviews.com is here to do that.
The benefits of SocialGood are closely linked to the utility of the tokens which will be reviewed on this article.
Cronos, PancakeSwap and The Sandbox all had a quick run up when they were introduced into the market. Many people invested in the initial idea while others didn’t. You know the rest of the story as of today.
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A lot of investors have hurriedly delved into investing on a project they have little knowledge about Due to Fear Of Missing Out. So on this article, we will review SocialGood token by explaining what the coin is about, tokenomics, ICO, staking insights of the project, listing the pros and cons, the supply and how legit/safe the token is for investment.
What is SocialGood?
Most people worldwide do not own any assets. On the other hand, wealthy shareholders become even wealthier as their stock holdings gain value over time. This is how the income inequality gap continues to widen.
The SocialGood project was created to update the way that capitalism works, with a service that allows consumers to gain assets from their usual shopping.
The more users shop through the app, the more assets they earn.
The SocialGood Project is run by Social Good Foundation Inc., who hold 68 registered patents including their Crypto Back reward system, and have partnered with 1,800 major shopping websites including eBay and AliExpress.
There are 3,925,752.73 SG in supply worldwide.
Pros and Cons of SocialGood
Pros of SocialGood
- There is a surge in the market price currently
- Project whitepaper available
- There is a community
- Contract on Ethereum
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
- Good navigational website – SocialGood
Cons of SocialGood
- The coin is still under research and development
- Multiple issues with its synchronizations between ledgers
- Not listed on some exchanges
- No Github profile
- They have no reddit account
- No Bitcointalk thread created
- No traceable features on tradingview
Is SocialGood Legit or Scam?
A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.
According to research and reviews, SocialGood have developed a problem solver but with a weak back up for the token they produce. Going through their community and roadmap about their project, their visions and aims have so far been achieved.
Is SocialGood Safe?
Being willing to invest in any token is a question entirely up to you to answer. SocialGood token has a formidable team and vision to backup their digital assets and project. The project will succeed but depends if the team keeps the vision active and alive.
Make personal research on the coin, visit coin’s official website.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about SocialGood on the comment section below. Don’t forget to rate and leave SocialGood a review.