Bitcoin
$ 29,254.00 3.25%
Ethereum
$ 1,987.39 2.35%
Solana
$ 49.73 5.01%
Dogecoin
$ 0.084215 2.23%
ApeCoin
$ 7.86 1.79%
STEPN
$ 1.39 0.72%
Terra
$ 0.000161 21.52%

Crypto firm FoodChain Global set to solve hunger crisis in Africa, lists FOOD token on MEXC

Foodchain

TL;DR Breakdown

  • FoodChain expands to Africa, set to solve hunger issues.
  • Platform launches food token on MEXC.

FoodChain Global, or FCG, a blockchain ecosystem focused on fighting global hunger through NFTs, P2E games, staking, and exclusive merchandise, has partnered with FoodForward SA, a South African nonprofit feeding those in vulnerable communities by securing food in a cost-effective way.

In addition to this partnership, FCG is listing its FOOD token on top-tier trading platform MEXC and simultaneously launching 5,400 NFTs as part of its “Foodies” series.

Foodchain using crypto for humanity

Forty percent of South Africans go to sleep hungry, a 2021 IPSOS poll reveals. As the pandemic continues alongside soaring inflation and Europe grapples with the first war on its soil since the Second World War, the supply-chain crisis makes food even scarcer than it used to be, especially in developing regions.

FoodChain’s partnership with FoodForward SA unites two organizations dedicated to eradicating the plague of hunger. When FCG sells FOOD tokens on MEXC, 30 percent of the proceeds get converted to USDT, the U.S. dollar stablecoin, which are then converted to U.S. dollars and used to buy food.

FoodForward SA uses its resources and connections on the ground in South Africa to purchase vital food products and distribute them to those suffering from food insecurity across the country’s nine provinces.

FoodChain Global continues its mission to leverage blockchain and NFTs for real-world impact by making it “make sense” to the average person. Tackling the challenge of global hunger is FCG’s primary goal. Building trust starts with transparency, which will be accomplished by traceable donations through a public blockchain address coupled with FCGs proof-of-work page showing pictures of their team doing charity work for each event.

“Our formal partnership FoodForward SA officially expands our food donations onto the African continent,” says Shawn Kurz, Founder of FoodChain Global. “We chose FoodForward SA since they are a solid boots-on-the-ground organization.”

“FoodForward SA is delighted to become one of FoodChain Global’s newest beneficiary charities,” says Deidre Adams, FoodForward SA’s Fund Development Manager. “The partnership will be a critical enabler of our work as we advance our core business of recovering good quality surplus food from farmers, manufacturers, and retailers, and redistributing this food to vulnerable communities across South Africa.”

Muhaimin Olowoporoku

Muhaimin Olowoporoku

Muhaimin loves writing on crypto news aside from being a crypto enthusiast. He has a knack for analysing issues and updating people on what's happening around the globe. He believes that blockchain and cryptocurrency are the most useful systems of mutual trust ever devised.

Related News

Hot Stories

Ethereum wipes out $8.10B while eagerly awaiting 'The Merge'
Michael Saylor says market crash will benefit Bitcoin
Crypto exchanges are relisting LUNA after the crash
Terra admits to facing technical issues in resuming LUNA and UST transfer 
RoboApe could be valued over Dogecoin and other crypto-memes.

Follow Us

Industry News

eBay jumps into declining NFT business with Wayne Gretzky's help
Crypto crowd’s shocking prominence in Davos
Balenciaga U.S. stores to accept BTC and ETH starting June 2022
BTC Pizza Day is celebrated amid crypto crash
CV VC launches Africa-focused blockchain fund