Breadcoin
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 Breadcoin 2016 | |
| Unit | |
|---|---|
| Symbol | BC |
| Demographics | |
| Date of introduction | 2016[1] |
| Issuance | |
| Central bank | Breadcoin Foundation |
| Website | breadcoin |
| Valuation | |
| Pegged with | United States dollar |
| Value | $2.20 |
| Pegged by | Breadcoin Foundation |
Breadcoin is a community food token created in 2016 to help address the food needs of disadvantaged populations.[2]
The token is issued by the Breadcoin Foundation Ltd, a 501(c)3 nonprofit registered in Washington DC. Over 150[3][4] food vendors in Washington DC, Maryland, Pennsylvania, and Florida[5] accept the currency. Local nonprofits distribute breadcoins[6] to those with food-insecurity.[7] Recipients can then use the tokens to purchase food at any of the vendors, increasing their food options and helping them retain their dignity.[8] Breadcoin Foundation sells the coins for $2.50 each, and pays vendors $2.20 in cash for the tokens, using the $0.30 per token to support the operations of the non-profit.[2]