The first goal of Impact Cardinals is to end endemic hunger by addressing the inequalities in the agriculture supply chain system. This system is at the core of different problems affecting the lives of billions of people.
By making the agricultural system more sustainable, we can:
1) End endemic hunger by fighting against food waste and bad food repartition 2) Address the devastating effect of the agricultural system on climate 3) Address inequalities in the agriculture supply chain system and allow our farmers to have better remuneration for their work.
Addressing the agricultural supply chain system’s difficulties is answering some of our time’s most urgent issues. To this end, we are developing the Basic Nutrition Token, a stablecoin to make an IMPACT.
With the Basic Nutrition Token, you can participate in this fight without losing money
Using blockchain technology is not an answer to social issues but a tool. By leveraging it, we can create ways and paths to improve people’s life. We do not necessarily believe that technology is the ultimate solution to solve everything. However, it is a tool that can help. Technologies, wealth, and means are everywhere around us and can help make this world more sustainable.
What makes this project great is that by using a stablecoin, we can answer some difficulties of regular cryptocurrencies:
1- No fluctuation
One of the biggest fears of people regarding cryptocurrencies is the lack of consistency investing in a cryptocurrency can represent. By adopting a stablecoin, because the cryptocurrency is plugged into an existing fiat currency, in our case, the dollar, the value of the stablecoin is backed by these fiat currencies. Therefore, its value remains stable by tying the value of the stablecoin to a more stable asset such as the dollar, a fiat government-issued currency that we’re all used to using daily. The stablecoin is the easiest kind of cryptocurrency to use for regular individuals who are not familiar with this kind of technology.
The second fear people can feel towards cryptocurrency is people’s intentions behind the projects and their commitments to their projects. As a non-profit organization that aims to register as such officially, we will be legally forced to give our profits towards a cause and not be able to take any amount of money from people’s investments. With a reserve with 100% backing, we ensure that our stablecoin is resilient to
As a non-profit, we are committed to transparency. Therefore, all the different projects financed by the Basic Nutrition Token and their impact will be visible on our website. People who invest in the BNT can follow how each amount of the BNT has been spent and where the money is going. Our platform will allow individuals to buy or redeem the Basic Nutrition token. Our reserve will be composed of cash and highly liquid treasuries to ensure that users can redeem their Basic Nutrition Token for real fiat currencies anytime.
A new philanthropic model
With the Basic Nutrition Token, we aim to effectively address inequalities worldwide, especially hunger and the lack of sustainable food systems. With this model, we aim to participate in a philanthropic model where you can have an impact without losing your money.