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SocialGood: Crypto Presenting a New Era for E-shopping

Published 12/20/2021, 07:52 AM
Updated 12/20/2021, 08:00 AM
© Reuters.  SocialGood: Crypto Presenting a New Era for E-shopping

  • SocialGood is a blockchain initiative that aims to rebuild capitalism.
  • By using SG, users could receive up to 100% of their purchase back in crypto.
  • Through everyday shopping, users (consumers) can build up their assets at no cost to them.

In this day and age, it is common practice for retailers to offer cashback as a marketing strategy to attract online shoppers. Working with merchants and implementing a variety of techniques, cashback firms give competitive rewards for retail transactions to incentivize spending.

Among those merchants, there is the SocialGood App which has recently surpassed 600,000 users worldwide with a straightforward model: it rewards its users with a portion of their purchase, at no charge, when they buy items at their retail partners via its platform. The more people use the platform, the more profit is delegated to non-profits doing essential work helping others.

Rebuilding capitalism

SocialGood is a blockchain initiative that aims to rebuild capitalism as we know it by creating a donation machine that combines blockchain and artific ...

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