FoodChain Global, a blockchain ecosystem focused on fighting global hunger through NFTs, P2E games, staking, and exclusive merchandise, launches its FOOD token on crypto trading platform HotBit, using the transparency of blockchain to show the value of donations being administered. Through utilizing blockchain addresses that are publicly verifiable on PolygonScan, the real-world utility of FOOD tokens is showcased.
In 2015, the UN committed to fight global hunger and reduce it by 50 percent by 2030. But there are more people hungry and malnourished today than ever before, and public trust in charitable donations to solve the issue continues to dwindle. More than 60 percent of people globally don’t believe charities can accomplish their missions. And can you blame them? Charity scandals, including pocketing donations of upwards of $187 million, is not a foreign concept to the public. Transparency measures serve as an antidote to the public’s toxic relationship with charities, restoring trust in charitable causes, and even boosting contributions according to a 2018 study from the Journal of Accounting, Auditing & Finance.
“In order to tackle the global food crisis we want to engage millennials, who are already embedded in the blockchain world, with custom FoodChain Global NFTs and P2E games to speak to this age group as traditional charities do not,” says Shawn Kurz, founder of FoodChain Global.
FoodChain Global (FCG) ensures charitable donations go to the right place by utilizing the transparency of blockchain to provide a public financial record of all transactions through the FCG proof-of-work page. The token also offers a sustainable purpose by helping to combat a real-world hunger problem differentiating itself from meme coins and also bringing long-term sustainability with its full ecosystem, including NFTs, P2E games, staking, and exclusive merchandise. In order to incentivize staking, FoodChain Global offers interest rates from 12 percent to 20 percent helping to combat global inflation and encouraging holding FOOD tokens for longer periods of time. FoodChain Global has already completed multiple events with local food banks prior to the token launch to showcase its proof-of-work concept and the seriousness of the project.
FOOD token operates on Polygon to build upon its real-world use case to ensure minimal transaction fees compared to Ethereum Mainnet where transactions are extremely expensive and recently in a range of $25 to over $60 USD. By running on Polygon with transaction fees under one penny, FOOD token solves issues related to speed and eliminates unnecessary user fees creating a perfect utility token that can be used in our daily lives while empowering others to do good.
“FoodChain Global wants to leverage blockchain so it makes sense to the average person by showing its real-world function,” says Kurz.