// Workers AI · dad joke modeWhat did Breadcoin say to Buttercoin? "Let's knead the market.
 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 | $3.00 [2] |
| Pegged by | Breadcoin Foundation |
Breadcoin is a community food token created in 2016 to help address the food needs of disadvantaged populations.[3]
The token is issued by the Breadcoin Foundation Ltd, a 501(c)3 nonprofit registered in Washington DC. Over 150[4][5] food vendors in Washington DC, Maryland, Pennsylvania, and Florida[6] accept the currency. Local nonprofits distribute breadcoins[7] to those with food-insecurity.[8] Recipients can then use the tokens to purchase food at any of the vendors, increasing their food options and helping them retain their dignity.[9]
Each Breadcoin is valued at $3.00. Breadcoin Foundation sells each coin for $3.00 and pays vendors the full $3.00 when those coins are redeemed—no fees taken out. This is possible because sustaining donors cover the cost of running the organization.[10]
Prior to 2022, Breadcoin Foundation sold the coins for $2.50 each, and paid vendors $2.20 in cash for the tokens, using the $0.30 per token to support the operations of the non-profit.[3]
References
[edit]- ↑ Breadcoin Foundation. "Give the Dignity of Choice with Breadcoin". Breadcoin. Retrieved 2023-01-03.
- ↑ https://breadcoin.org/
- 1 2 Iati, Marisa (2019-01-11). "'Breadcoin' is a new currency in D.C. for people in need". Washington Post. Washington DC. Retrieved 2021-10-18.
- ↑ "Breadcoin.org - Vendor List". Washington DC. 2021-10-18. Retrieved 2021-10-18.
- ↑ DeJesus, Ivey (2023-11-21). "Pa. 'Breadcoin' program borrows cryptocurrency concept to feed needy". Patriot-News. Harrisburg, PA. Retrieved 2025-09-10.
- ↑ Carlton, Sue (2023-12-27). "To help Tampa's homeless, Breadcoin is a new kind of pocket change". Tampa Bay Times. Tampa Bay, FL. Retrieved 2025-09-10.
- ↑ Roaten, Meredith (2018-08-14). "Food tokens are the newest way to help the hungry". Street Sense Media. Washington DC. Retrieved 2021-10-18.
- ↑ "Nonprofit Breadcoin creates food tokens to help fight hunger". Fox5. Washington DC. 2020-06-19. Retrieved 2021-10-18.
- ↑ Lieberman, Mark (2018-06-28). "Inspired By Bitcoin, D.C. Economist Wants To Help Homeless Community Access Food With Dignity". DCist. Washington DC. Archived from the original on 2021-10-20. Retrieved 2021-10-20.
Each coin is worth $2.20; the remaining 30 cents goes toward production of the tokens, which cost 70 cents apiece to make. Breadcoin encourages participating food vendors to include items on their menu that align with the $2.20 value of a Breadcoin. When that's not possible, the customer pays the difference.
- ↑ https://breadcoin.org/how-it-works/