Staking on SocialGood

Staking cryptocurrency tokens is one of the easiest and most efficient ways to grow one’s digital currency portfolio. Staking is the process of locking native tokens of a project in its liquidity pool to earn rewards as the same token or a wrapped token.

SocialGood has developed one of the most interesting use cases of staking SocialGood tokens paired with a rewards membership program. SocialGood is a digital asset available to everyone for free. It is a crypto-back token that users can earn by simply shopping on partnered retail stores such as eBay, AliExpress, Lazada, Shopee, etc., on the SocialGood mobile app.

The process of earning a SocialGood token is straightforward. Users have to shop in retail stores on the app with their fiat money. After 30 days or more, the user’s shopping bill will be reviewed by the partner retail stores, and upon confirmation, the user will receive SocialGood tokens that equal up to 100% of their shopping bill. The user can then withdraw the SocialGood tokens and exchange them on Bittrex, BitMart, and Uniswap or stake them on SocialGood to earn even better rewards.

How to Stake SocialGood Tokens?

SocialGood has developed a staking reward membership program where the users get different rewards, depending upon the number of SG token the users own and how much they have spent through the app for the past two months. The rewards membership program is divided into five plans — Diamond, Platinum, Gold, Silver, and Bronze.

To stake SocialGood tokens, follow these steps:

• First, the user has to earn SG crypto back or purchase SG tokens directly on BitMart, UniSwap, and Bittrex.
• The second step is to connect the digital wallet with the SocialGood app. It can be done in three easy steps on the app.
• The user will start receiving crypto rewards based on their membership level on connecting the wallet. The rewards are 1%, 4%, 7%, 10%, and 15%, respectively, for Bronze, Silver, Gold, Platinum, and Diamond.
• The users will rank up with SG tokens purchased on exchanges or earned with crypto back rewards.

Staking with SocialGood is simple and will help users grow their portfolios without investing in cryptocurrencies exclusively. By shopping on partnered retail stores, users can earn up to $10,000 worth of SG tokens on a single purchase.

About SocialGood

SocialGood is a mobile crypto cashback app launched by Japan’s Social Good Foundation to solve the world’s widening economic inequality problem. The project introduces a novel system where users can earn cryptocurrency assets by shopping online.

The app is available for iOS and Android users and has several partner eCommerce stores such as eBay, AliExpress, Myntra, Best Buy, Alibaba, etc. SocialGood has a unique working model than other existing cashback firms, which adds to its several advantages. To know more about SocialGood, visit Website | Twitter | Telegram | Facebook |