The Social Good Project targets global expansion of the world’s first social contribution token ecosystem (Social Good Ecosystem™) using the SocialGood cryptocurrency. The more participants do what they like within this autonomously distributed Social Good Ecosystem™, which utilizes AI and blockchains, the more they can improve society.
Each time holders of SocialGood purchase items from companies participating in the Social Good Ecosystem™ via the SocialGood Cashback service (https://socialgood-cashback.com/), they automatically receive a cash back payment of some percentage of the purchase price. Simultaneously, an AI algorithm provides part of the cash back payment as economic support to organizations contributing to society globally. All cashback payments are made with the SocialGood cryptocurrency. The SocialGood cryptocurrency is designed such that its asset value is expected to increase, providing value for participating in the ecosystem from outside, so that the ecosystem will grow automatically. This provides a win-win-win for consumers, companies, and society. Applications to patent this mechanism as software based on blockchain technology have already been submitted in Japan and the US.
The Social Good Ecosystem™ will grow automatically. Economic activities based on the desires and self-fulfillment of individuals eventually become co-creative and cooperative and are thus automatically tied to realizing the development and social contribution of the ecosystem as a whole.
The Social Good Foundation Inc. is a member of the Japan Cryptocurrency Exchange Association and is registered with the US Securities and Exchange Commission (SEC).
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Rated on Aug 4, 2018
A lot of blockchain projects appear in the sphere of charity, but not all of them have a real embodiment in life.
In this project, the team offers a very interesting economic idea: they closed the token circulation cycle through e-Commerce and made a strong support. The combination of charity and e-Commerce seems promising.
The team has the excellent experience. The Advisor team is also strong. I would like to see more blockchain or developers involved.
The vision is great, but many parts of the strategy in the Social good depend too much on partnerships like a loyalty program. The coin is worth what can be fixed as miles if the partnership is secured, so there are many hypotheses at this stage.
It looks like they are in the process with the SEC to accept investments from U.S. accredited investors. This is a positive factor.
Since the project has the right to raise funds in Japan, and we know that Japan is one of the leaders in investing in ICO, I think that the project will not have problems with fundraising.
Interesting are the statements of the company's hard cap of $ 500 million. This suggests that the team is confident in the success of fundraising. I will also note the composition of the team, I am sure that they have experience in fundraising this kind of investment and I am sure that a significant amount of money they will collect and it will be one of the top projects of this year along with Telegram.
I'm sorry but you don't have MVP or alpha at this stage, as it may be too early to launch an ICO without a product or MVP. Especially with the growth of millions. For this, I want to give you a low rating of the product. Overall, I think the vision of Social good is great. I would suggest the team show their platform and product before launching the ICO and provide some partnerships. Naturally, update this rating according to future developments.
Good luck with the project, and I hope you succeed!
Rated on Sep 12, 2018
Modified on Sep 12, 2018
This is the type of project that makes me think my move back to Asia is the right thing to do. I love it.
The team have the experience and more important will have the network to drive this to traction and growth. Its a large amount to raise of course, but this an ambitious project and onboarding of partners and users is not cheap and its good to have powder in the tank to drive the growth and adoption.
The growth of rewards as a customer loyalty system to drive reengagement is huge and I like the way this is structured. I also like the token price, I am becoming more comfortable with a token having a relatively high unit cost as its gives perceived value to token and makes user want to hold and look after them. The model is smart.
Very much looking forward to seeing the progress here as this can be a big one and a large brand very quickly
I hope it works for me when I get to Hong Kong in October
Rated on Aug 1, 2018
The Social Good Project has strong team experience advisory board and very good project!
Social contribution token ecosystem is Interesting concept and they have nice vision.
Keep up the good work
Rated on Jul 27, 2018
A truly pure Social Ecosystem made for blockchain.
Love this project, and Shin Yoshida inspired me a lot with his vision.
The team is well composed and for this ICO i'm convinced they will reach the hard cap!
Rated on May 21, 2019
Modified on May 21, 2019
A company offering a stable and functional digital asset for users and disrupting the e-commerce relation with consumers.
The innovative solution is a tokenized cash-back patent, where customers can get cash back within the social good cashback platform when they shop at major online retailers. If all goes as planned, "the demand of tokens will rise, with a limited supply and will force demand, keeping volatility down but potentially slowly raising the value instead of wild up and down movements".
A good concept that needs to be proven as this will depend on adoption and traction. Marketing, communication and user experience will be a major challenge for a such valuable project. I wish you a great success!
Rated on Jul 30, 2018
Modified on Oct 16, 2018
I have to start by saying that 500 million hard cap with no soft cap is a bit much to expect. After looking into the profiles and history of the team I think although it might be a real challenge,they might pull off 100-200 million. Which is more than enough to develop this project. It seems that whoever they used for their tokenomics needs to be fired. I love the vision behind this and there is real world application for this in the East. I don't think this would take off in tube US or the UK thigh. The fact that they already have a working platform that only needs to be ported over to a Dapp is the only reason I gave their product a four. I'm going to contact their CFO and find out what the deal behind the 500 million hard cap is.
Edit: After speaking to a few team members they have reassured me that The founder of the company has accumulated more than 900M USD worth contracts. This is an incredible achievement. Im excited to see where this goes.
Rated on Jul 24, 2018
Modified on Jul 24, 2018
Project seems to be unique with a solid team (KYC passed). Other positives include:
-Creating a decentralized Service and Goods economy.
-No start up fees required to participate for companies willing to join.
-Membership type utility token.
-Filing with SEC before ICO launch is positive.
- Tokens economics isn't well designed and token is steeply priced both in Pre-ICO as well as ICO for investors.
- Roadmap is not detailed and no indication of timeline for product launch.
-Gathering mass adoption will be required for this project to be success and for tokens to increase in value.
-Why this project needs USD 500 million is a big question?
Rated on Jul 7, 2018
A good team with a broad experience in entrepreneurship and blockchain.
The vision is the best one. SG's system is already existing but not on Blockchain and it may integrate many more functions in the future
Despite the vision, I do not see this project so easy to realize
Rated on Jul 19, 2018
Its look like a giant project. team is solid with the years of experience in serving the targeted area.
They already have centralized product functioning that needs to be converted in dapp, developers needs be smart and intelligent to develop such project.
It seems like they are in process with SEC to accept investment from USA accredited investors.
Project is big and converting the global market but $500M hard cap is bit concern
with no soft cap. Team is capable to raise funds but lets see how they make it possible.
1 SG at $61USD in pre-ico and at the time of public sale they made it to $100 USD, interesting to see how they maintain their price per SG token while debuting on exchange.
Overall its look like a team of corporate people is building something different for the community. I will track the progress of this project.
Rated on Aug 25, 2018
Modified on Aug 25, 2018
Looks like a really big project: $ 500 million raise
So far only 3 were able to achieve such feat: https://primetrade.ai/blog/a-look-at-the-top-5-icos-to-date-by-the-amount-of-fundraised/
Looks like persons associated with the project are senior and experienced guys.
Better written Whitepaper and MVP would have made a great rating from me.
Rated on Aug 8, 2018
Modified on Aug 8, 2018
Great vision but there are risks involve to implementing such a great project.
Overall I think society need such a solution but driving such a social innovation is not a simple task. It need both monetary power as well as non-monetary resources. Also similar solution exist but off chain. Most would not join the ecosystem until it show signs of adoption so getting the first few key participant in to start the eco system would therefore be vital.
There is no mention of product ready to be tested.
While there seem to be no development time line on the site, through communications with the team
“As we mentioned in roadmap and FAQ, construction of the ecosystem is proceeding as a contract of alliance companies.
Would update score again when they post a proper product time line and development timeline
Also when the product is ready for public testing.
While great experience at banking, I would have to say the team comprises of senior management staff with high exposure and experience which is an plus point.
Mr. Seiichiro Yonekura is an expert for Social contribution
Mr. Yu Yamanaka is an expert for Blockchain.
Still feel they need a little more Social expert and Blockchain expert though. But overall I would say strong team
Rated on Jul 27, 2018
Modified on Jul 27, 2018
Only "Big in Japan"?
Definitely not! SocialGood is a huge Japanese ICO with the potential to become a true blockbuster.
SocialGood's fundamental aim is to save consumers money on all their shopping expenses and to donate a portion of the cash back via AI to organizations that contribute to society.
- The company plans to quickly expand its service to over 20 countries worldwide.
- The team has broad experience in entrepreneurship and blockchain.
- The legal framework is very solid.
The reason why I "only" give 4 points for the product is due to the fact that according to their white paper they plan to start cashback operations in March 2019. But it might be worth to wait for a bit in these case.
Rated on Jul 29, 2018
Very very expensive ICO, Roadmap mixed out,,, by goals already supposed to be finished and PRE ICO starts for 140 days.... Whitepaper dont explain AI tech with a single word..
Rated on Aug 20, 2018
Modified on Aug 20, 2018
- Ridiculous hardcap of $500 Million in this bear market, it's an unbelievable dream
- It's basically a token used for payment (and cash back), I don't see why $500 Million is needed
- I do not see any reason why the price should increase? It's a chicken and egg problem, without any users (mass adoption), it's not going to succeed. And I certainly dont see why it will succeed. The team predict the price increment based purely on supply and demand is naive. It doesn't work this simple.
- The fine is not bad.
- Initial token price of $50 and end price of $100? It's a bonus of 100%, which is destined for a dump when listed on exchange
Verdict: No go
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TeamApply as an advisor
Entrepreneur and Founder
Professor at the Hitotsubashi Univ. Institute of Innovation Research
Doctor of Engineering and Professor at the Department of Computer Science for the Meiji University School of Science and Technology and a global authority on artificial intelligence calculations
President of a company of SBI Group
A member of Japan Blockchain Association
Starting token sale.
Selecting alliance companies in the Ecosystem.
Listing tokens on cryptocurrency exchanges (Japan, overseas).
Starting cash back.