Food Bank

Food Bank

FOOD
$0%50.05

Key Metrics

Price$0
Real Volume (24H)$0
MarketcapN/A
Fully Diluted Valuation$5,306,130
ATH$0.000000000326
ATH Date3/7/2022, 3:29:17 PM
ATL$0.000000000012
ATL Date3/12/2022, 7:30:32 AM
Circulating SupplyN/A
Total Supply100,000T
WebsiteN/A
WhitepaperN/A
Popularity Rank9789
Chart
What is Food Bank?

Food Bank is a philanthropic project that aims to provide much-needed support to food banks around the world. Launched on September 18, 2021, the token operates on the Binance Smart Chain Network as a peer-to-peer medium of exchange. The unique aspect of Food Bank is that it raises funds for its cause through a transaction tax levied on all purchases and sales of FOOD tokens. This allows the project to provide financial assistance to food banks, with the help of the token holders.

The first charity donation from Food Bank was made in December 2021, and the first token burn took place in January 2022. This token burn was the first of a series of 10% burns, aimed at reducing the total supply of FOOD by 50%. The primary objective of these burns is to increase the scarcity of the token and drive up its value as the number of holders increases.

Food Bank has been designed with the aim of providing long-term sustainability to its ecosystem, including NFTs, merchandise, and staking. The project aims to attract young generations, such as Millennials and GenZ, who are frustrated by the inability of governments to eradicate food poverty in developed countries. By encouraging the holding of FOOD tokens as a long-term asset, Food Bank hopes to bring about a positive change in the world and provide a brighter future for those in need.

In conclusion, Food Bank is a noble project that provides a unique and sustainable solution to the problem of food poverty. The token operates on a peer-to-peer network and raises funds for its cause through transaction taxes, allowing token holders to see the direct impact of their investment in their local communities. By encouraging long-term holding of FOOD tokens, Food Bank aims to bring about a positive change and provide a brighter future for those in need.

Food Bank's mission is to address the growing problem of food poverty in developed countries. With the increasing number of people relying on food banks for their daily sustenance, it's crucial to provide support to these organizations to help them continue their important work. This is where Food Bank comes in.

Food Bank operates on the Binance Smart Chain Network and functions as a peer-to-peer medium of exchange. The unique aspect of this token is that it raises funds for food banks through a transaction tax levied on all purchases and sales of FOOD tokens. This allows the token holders to have a direct impact on their local communities, as they can suggest food banks that they would like to receive donations from the project.

The first 10% token burn took place in January 2022, and this was the first of several planned token burns aimed at reducing the total supply of FOOD by 50%. The intention behind these burns is to increase the scarcity of the token, thereby driving up its value as the number of holders increases. This also ensures that the token remains a long-term asset for its holders.

Food Bank is designed to provide long-term sustainability to its ecosystem, including NFTs, merchandise, and staking. The project aims to attract young generations, such as Millennials and GenZ, who are frustrated by the lack of action from governments to address food poverty in developed countries. By encouraging the holding of FOOD tokens as a long-term asset, Food Bank hopes to bring about positive change in the world and provide a brighter future for those in need.

In conclusion, Food Bank is a unique project that provides a sustainable solution to the problem of food poverty. By operating on a peer-to-peer network and raising funds through transaction taxes, the token holders have a direct impact on their local communities, and the project can make a tangible difference in the lives of those in need. Food Bank's aim to encourage long-term holding of FOOD tokens and provide a sustainable solution to the problem of food poverty makes it a valuable addition to the crypto world.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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