Have you ever given a thought to a possibility of a cryptocurrency helping out the society at large? A noble and innovative concept – most of us will agree. Possibly, this is the world’s first cryptocurrency that is aimed at social contribution. How does it achieve and what does it store for the investors? That is precisely what we will be covering in this concise introduction.

SocialGood – A Unique and Innovative Cryptocurrency with a difference

SocialGood is an innovative blockchain based cryptocurrency that aims to build a specialised marketplace – the SocialGood Ecosystem™. Originating from Japan, the entity is designed for the global operation and makes the society a better place to live.

The project will be free of any differentiation including religion, culture, race and ethnicity. It would be interesting to note that it is one of the largest ICOs in Japan. In fact, it has dreams of outperforming the Bitcoin with its market share.

The cryptocurrency network is known for abiding by all the regulations. It should be indicative of the genuineness and honesty on the part of the promoters of the mechanism.

How Does It Function?

Well, it operates on a simple functionality. It will establish a blockchain based marketplace labelled SocialGood Ecosystem™ . The main purpose of the ecosystem would be to connect the shoppers with the retail partners.

When you make a purchase through the partnered retail outlets, the mechanism will receive fees for referring customers to them. It will offer a part of this fee to you in the form of cashback. So, wondering where is the social cause in this? Well, that is where SocialGood will be different. How? We will explain. While a part of the fees will be offered to the investors in the form of cashback, a part of it will go to the charitable organisations in the form of donations. The donations would be completely automated with the help of AI.

The Future

The SocialGood Ecosystem™. will work through the new cryptocurrency specifically developed for the network. The SocialGood cryptocurrency labelled SG Token will be listed in major cryptocurrency exchanges by December 2018.

It has aimed to create an innovative marketplace with the aid of artificial intelligence and blockchain technology. Possibly, this should be the first option of that nature with an emphasis on the latest technology.

A host of companies have been joining the SocialGood Ecosystem. The listing has already started. The prominent genres to be included in the ecosystem include retails, real estate, jewellery and branded items. In fact, the initiative takes a lot of inspiration from Soichiro Takaoka and his experience in handling a host of global finance companies.

In sharp contrast to Bitcoin, the SocialGood Token has an economic value when you hold it. You will be able to contribute automatically to the betterment of the society. If financial institutions and investors are ready for investing trillions of dollars to SocialGood for the sake of the ESG investment, SocialGood market value may outperform Bitcoin in every form. The fact that it has been in business with the stalwarts and business firms such as BMW and Mercedes Benz.

The Parting Thoughts

We would indeed rate SocialGood as the worthy option for investment. In fact, it should ideally be the win-win situation for almost everyone involved. Whether you are a shopper, investor or the retail brand – you stand to gain with the cryptocurrency, thanks to the unique model that the asset has been built on.

The initiative by the Ayumitrust Group is indeed praiseworthy and with the honesty visible through the filing of form D, we foresee a great future for the currency. The fact that it is the 8th ICO which filed the registration with the SEC by submitting the Form D should be a reason enough to read their integrity.

Japanese are known to hold cryptocurrency in high volume. SocialGood has been listed outside Japan and it should be your golden chance to invest and make money. Once it is listed in Japan, a high demand will indeed be generated.