FCG, or FoodChain World, has introduced a database-free, decentralized staking solution that includes a fully traceable weekly lottery. FCG is a blockchain ecosystem dedicated to resolving world hunger using non-fungible tokens, peer-to-peer games, staking, and one-of-a-kind items. 10% of the prize pool is given to charity, enabling the corporation to feed the hungry while thanking its customers.
The World Food Programme estimates that over 811 million people lack access to enough food, with 45 million at risk of starvation. The United Nations has committed to eradicating hunger worldwide by 2030, yet the issue remains. While charities assist in mitigating the issue, the general public must have trust that charitable contributions are being directed to the appropriate recipients. Fewer than a fifth of Americans have a high degree of faith in philanthropic organizations, reflecting widespread skepticism of nonprofit organizations.
FCG solves this issue by boosting the transparency of charitable donations via staking, increasing liquidity, and furthering FCG’s goal of solving world hunger. To ensure optimal success, 10% of weekly lottery proceeds will be donated to the cause. Unlike many platforms, FCG’s staking mechanism is decentralized, enabling token holders to earn interest on their wallets without fear of government interference. Through decentralized, non-custodial staking, which is entirely based on smart contracts, actions are automated and secured directly on the blockchain. In contrast to traditional centralized or custodial staking systems, which take custody of user assets, FCG staking empowers users to manage their money independently. FCG offers high-interest rates ranging from 10% to 20%, depending on the locked-in length, to combat inflation. This comes as worldwide inflation continues to rise, with a forecast of 3.81 percent for the balance of 2022.
FCG does not need a database and provides lightning-fast transaction speeds via the use of a token contract built in the ecosystem’s back end. FCG believes that cryptocurrency initiatives should be built to function as a database. This aligns with FCG’s concept of “making things make sense” by eliminating superfluous layers from the process of managing customers’ money and maintaining the greatest degree of 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.
About FoodChain Global
FoodChain Global was founded on the belief that, in the twenty-first century, new organizational models are required to combat hunger, as the existing system has failed. FCG aspires to be the world’s most innovative charity brand as blockchain adoption grows. The FGC project’s slogan is “making it make sense,” which means they won’t use their products if they don’t have a real-world application. The founder of FoodChain Global has over two decades of experience leading real-world businesses and is a recognized expert in brand development, product design, manufacturing, international commerce, and logistics.