$100USD worth of SocialGood tokens when you for referee and referrer.
Referee must:
- Complete KYC.
- Make a purchase of $100USD or more (excl. shipping & GST)
$100USD worth of SocialGood tokens when you for referee and referrer.
Referee must:
Referee receives US$200 worth of SG after US$30 purchase within 30-days. Referrer receives US$200 worth of SG after referee satisfied referral requirements. (Usually US$50 worth each.)
I totally agree!
Not worth the effort anymore
Absolute garbage. I wasn’t able to withdraw ages ago when the token price was US$1 because of their poor planning of the app and token which was obviously abused when they offered large sign up and referral bonuses. They then constantly changed the goalposts to prop up their coin and fix their lack of foresight. I checked and now I have 787 SG that I could withdraw for around US$60. Waste of time.
Admin, please ban posts on social good. This is a waste of everyone's time.
This app is now just so bad… $50/month withdrawal limits, 30% fees for withdrawing, many reports of withdrawals getting stuck waiting for payment after payment has already gone through are just some of the issues.
Like everyone says, waste of time.
Did a fair bit of purchase due to the cashback which never been able to withdraw…..
I used to be an avid SG chaser but now I would recommend anyone reading this to AVOID and don't waste your time on this promo. A very good chance you will be charged a fee and receive nothing in return.
Same.
During the early stages of this year when they were being heavily criticised I was defending them on Ozbargain and in their Telegram but that's before SG went from like 60c to 15c-20c, required a KYC (Through a dodgy service) and restricted how much you could withdraw. I could have made more cashback through Shopback or Cashrewards by the time I was able to withdraw.
Now you have to pay them 30% (Can't 100% remember but I'm pretty sure it's 30%) of whatever you withdraw so those that got into SG around November - January have watched their SG drop 60% and now have to pay 30% to SG when actually withdrawing + ETH fee to convert from SG to another token or stable.
Meanwhile SocialGood get their affiliate $$$$ unaffected…. Sounds almost like this was designed from the get go, make you think you're getting 100% then they put all of these rules and restrictions in place.
They are just scammers with some disguise. They will devise ways to stop your withdrawal, make it worthless even if you did withdraw…. Don't waste your time.
Take out the $50 Max n withdrawal fee then ppl will be interested again
Which they won't. I wouldn't recommend anyone signing up to this unless you've got your eyes wide open and expect to get nothing after all your effort.
But it says SOCIAL GOOD. Next minute you'll be telling me my Nigerian prince inheritance is worthless as well.
They sent an email saying SG = $1500 USD the other day. Then you open it and it's says, imagine if SG= 1500.
Will only have value if it has utility. It does not.
Word of warning. If you stake this rubbish, the ATO will want you to pay Tax on it.
The tax will be more than it's worth in 12 months.
Tax is only 15% after 12 months.
Ok, lets look historically…
SGD was worth $1, so you pay 15% tax (15c).
This year that SG is worth only 10c…and you just paid 15c tax!
You only pay tax when you sell.
@WoodYouLikeSomeCash: Incorrect, tax is payable on ALL staking. So assuming you take up the SG staking option (not simply hold it).
Staking is considered income tax, and is taxed at your income tax rate. For most, its going to be around 30 - 35%
When you sell or trade, then it becomes capital gains.
@tunzafun001: I wouldn't advise people on their personal tax situation. No Oz exchange supports SG, so you would have to volunteer this information.
SG is a complete scam, has been for a while now, avoid. A little tip though for anyone withdrawing - get the fee refunded from Apple or Google. I got my $30 back by saying I never received what I paid for. May not be able to withdraw again after doing this, but I wasn’t able to again anyway even though I should’ve been according to their limits, so I thought (profanity) it.
I got my $30 back by saying I never received what I paid for.
Do they require any proof? I wonder if SG can argue that they did in fact provide the service and report me as a scammer.
Nope, Apple refunded me, no proof required. There's people who had Google also refund them apparently without issue (source: Reddit).
Good luck getting the referral bonus, based on what happened last time.
Yeah… SG is based on btc price. So when btc tanked, they ran out of budget/a replenishment mechanism from what I know. They did pay 75% of what I spent which is unheard of. Maybe the faithful will be rewarded here (eg bull market).
This thing is a load of crap, they are terrible at approving referrals and cash back. Not worth the time