This was posted 2 years 2 months 7 days ago, and might be an out-dated deal.

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Up to 100% Crypto Back (as SG Coin) with 230 Stores (inc Chemist Warehouse & Booking.com) @ SocialGood App

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Up to 100% Crypto Back (as SG Coin) with 230 Stores (inc Chemist Warehouse & Booking.com) @ SocialGood App
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Korban Dallas on 15/10/2022 - 04:17 socialgood.inc (166 clicks)
Last edited 17/10/2022 - 17:46 by 1 other user

The complete list of cashback rates.

https://socialgood.tiiny.site

Accuracy might be off as I did a scrolling screenshot and scanned the image into Excel to extract the data.

Best to check the rates before buying anything.

No risk if there is a SocialGood Exclusive CB as you wouldn't be getting CB anyway.

I was able to cash out 64% of the total of my spends late and early this year in USDT and deposit in Binance. Since then the price has tanked and they have limited their withdrawals.

Use at your own risk but if you are buying something anyway the only thing you will miss out on is cashback from CR or SB potentially. Or treat it as a gamble.

They have been hammered with fraud (self inflicted really), dodgy (making it a lottery) so proceed with caution.

DYOR

https://www.ozbargain.com.au/search/node/Socialgood%20type%3…

Referral Links

Referral: random (37)

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.)

Other Cashback Cryptocurrency

Related Stores

SocialGood
SocialGood

closed Comments

  • tc423 on 15/10/2022 - 08:25

    Their exchange rate 1SG=$106, market rate 1SG=$0.057 (as of now)

    Effectively your 100% cashback is closed to nothing at the moment.

    • Korban Dallas on 15/10/2022 - 08:33
      +1

      That is their theoretical price?

      • tc423 on 15/10/2022 - 08:34
        -1

        Correct. Crypto back is based on this theoretical price.

        • dv1den on 15/10/2022 - 10:45
          +1

          This is just untrue. The amount of SG you get back is based on a 7 day moving average of the price or something like that.

    • Warlock on 15/10/2022 - 08:40

      So not a bargain lol

    • dealbrry on 15/10/2022 - 09:59

      Yeah they’re compete junk and you won’t get anything back. Not worth the hassle.

    • dv1den on 15/10/2022 - 10:54
      +3

      $106 isn't their exchange rate, it's nothing more than a number they've pulled out of their ass to hype up their coin. It's what they think the "true" or theoretical value of their coin is, but obviously it will never get close to that considering how many coins they've minted already.

  • ilovefullprice on 15/10/2022 - 09:17

    What’s “SocialGood Exclusive CB”?

  • B-Man02 on 15/10/2022 - 10:10

    Can't even withdraw it as the fees cost basically the same as what you get back.
    So you have to put your own money in to get your sg out of their app and then try and sell.

    • dv1den on 15/10/2022 - 10:49
      +2

      It costs $25 AUD to withdraw, and you can withdraw 50 USD equivalent of SG. so you can withdraw $80 AUD after you pay $25.

      Apparently they plan to implement a system where you don't need to pay (based on how much SG you're holding), but their word is worth as much as the coin is right now.

      • dealbrry on 15/10/2022 - 12:28

        The more people withdraw the more worthless their coin becomes so I reckon they don’t have much incentive to implement that.

      • Korban Dallas on 15/10/2022 - 17:54

        Need to get on the BSC

      • MiscOzB on 16/10/2022 - 19:09

        Cost me $29.99 AUD when I withdrew back in August. I was able to get it refunded through Apple though.

        Wasn't even able to withdraw again a few days after the first withdrawal, even though I should've been able to according to their limits.

        • Korban Dallas on 18/10/2022 - 02:49

          Refund apple?

          • MiscOzB on 18/10/2022 - 07:26

            @Korban Dallas: Yeah, paid with Apple Pay, so could request a refund through Apple directly. I guess the same could be done with Google if you pay via Google Pay.

  • v8james on 15/10/2022 - 11:42
    +5

    Mods, please ban this 'store'. Cashback is unobtainable and through my own experience, is a complete waste of time.

    • shegeloaf on 15/10/2022 - 14:05
      +1

      I agree.

  • Hintswen on 15/10/2022 - 16:57

    100% cryptoback but the value of SG keeps falling and falling, by the time your purchase is confirmed it will be worth so little that you'd have been better off using cashrewards/shopback.

  • drillvoice on 15/10/2022 - 17:28

    I got some SG cashback back in the day but wasn't even able to withdraw it. Not into it. It's imaginary money.

  • Neology on 17/10/2022 - 01:13

    Can't withdrawl from early days. Used a couple of months ago, don't even track my ebay transactions. Dodgy as hell

  • Ryxxi on 15/11/2022 - 12:20

    FYI this app is scam please ban this store.

    You have to buy 200SG now to even withdraw. This looks like another FTX scam city. It seems like they are trying to pump and dump

    You cannot withdraw more than $50 a month.

  • MorriJ on 28/11/2022 - 15:13

    This has all the hallmarks of a ponzi scheme at this point in time.

    • Existing SG holders (in-app) are only allowed to withdraw a fixed amount per month ($60USD)
    • Increase of withdrawal limit is dependent on new users joining and the price of the SG going up (as communicated by the project)

    There are only 25,000 users on the blockchain associated with the SG coin (ie users who have interacted with the SG token addresses in Eth/Poly), so their claimed 2 million user base is not true.

    They are cooking the books for seed investors in terms of user count etc. There are some basic mathematics that suggest what they want to happen for the coin cannot happen. There is a hard limit of 210,000,000 coins on the crypto.

    They offer a $100 USD referral for referrals (assume 10% of new users are referred in), with 200,000 users ($200 referral bonus for referrer and referee equates to 2,000 SG at todays prices). If only 10% of the users were referred in, there is an in-app liability of 400,000,000 SG coins (double what is mintable).

    Then there is a 200SG joining fee requirement. They aim to have every user in the world a member (discussed in their whitepapers) but there is a maximum 1,000,000 user count possible with an entrance fee of 200SG - forgetting the existing balance, referals etc in play.

    The project is a scam at this point.

  • melk on 28/11/2022 - 15:24

    I was once a user of SG, it was good only when it first started but they keep changing the rules. It is definitely not worth the time and risk today.

  • theg00s3 on 29/11/2022 - 06:13

    not a deal at all, they’ve been slowly but surely cracking down on withdrawals and they now require you to buy in AND pay a withdrawal fee (the latter using in app purchases, at least on iOS). would not recommend at all

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