Japan: Cryptocurrency "SocialGood" Gets Overseas Investment of US$30 Million


Social Good Foundation, a Japanese company that issues the cryptocurrency Social Good, has won an investment of US$30 million (about 3.3 billion yen) from overseas institutions through ICO, which is said to be used as a reserve for maintaining the value of the virtual currency, guaranteeing credit and raising publicity. Since its release at the end of April, more than 30,000 users worldwide have owned Social Good. And the company president Kogaoka said that they want to develop into the Amazon and Lotte of the blockchain generation. (Japanese)

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