The Social Good Project is a global activity based on a vision of “improving society” that transcends national, racial, religious, and cultural differences, and in which all people around the world can participate. The traditional capitalist structure is divided into “shareholders (investors),” “consumers,” and “society.” Shareholders alone enjoy most of the fruits of global economic development (Thomas Piketty). Social Good is a project designed to solve this problem.
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™, 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.
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.
This is the world’s first socially contributing token ecosystem, with the SocialGood cryptocurrency. Tokens sold in this ICO are positioned with membership privileges that enable participation in the ecosystem.
We filed the Form D with SEC on Aril 18, 2018 to cover US accredited investors.