FoodChain Global, or FCG, a blockchain ecosystem focused on fighting global hunger through NFTs, P2E games, staking, and exclusive merchandise, launches a database-free, decentralized staking solution with a fully traceable weekly raffle. Ten percent of the prize pool goes to charity, making it feasible to feed people in need while simultaneously rewarding its users.
More than 811 million people don’t have sufficient food and 45 million are at risk of starvation, according to the World Food Programme. The United Nations promises to end world hunger by 2030, but it is still rampant. While charities help mitigate the issue, the public needs to trust charitable donations are going to the right place. Fewer than 1 in 5 Americans say they highly trust charities, revealing an inherent mistrust of giving organizations.
FCG tackles this issue by adding transparency to charitable donations through staking, boosting liquidity, and propelling forward the vision of FCG to end world hunger. To ensure optimal success, ten percent of the proceeds of the weekly raffle will be donated to the cause. In contrast to many platforms that stake their tokens on centralized exchanges, FCG’s staking platform is off centralized exchanges so token holders can earn interest on their wallets without any government risk. With decentralized, non-custodial staking built entirely on smart contracts, actions are automated and secured directly on the blockchain itself. Unlike traditional centralized or custodial staking solutions that take custody over user funds, FCG staking grants users self custody to those staking on its platform. FCG offers high-interest rates, ranging from 10 to 20 percent depending on the locked-in period to combat inflation. This comes as global inflation rates continue to rise, anticipated to reach 3.81 percent for the rest of 2022.
With the token contract built into the back end of its ecosystem, FCG doesn’t require a database and offers speedy transaction times. FCG believes crypto projects should be built with the idea that the chain serves as a database. This further backs the FCG motto to “make it make sense,” and minimizes unnecessary layers to oversee users’ funds and provide optimal security and trust.
“In the 21st century, giving organizations need to think outside the box and, at FCG, that is precisely how we appeal to the younger generations,” says Shawn Kurz founder of FoodChain Global. “When we leverage low-friction, low-cost technologies, we address justified concerns that younger generations have, namely transparency, simplicity, and real, verifiable outcomes.”
