Abstract

Food Token (FOOD) is a “stableish coin” that transforms cryptocurrency into a deliciously practical asset. Backed by a dynamic basket of assets—starting with 75% restaurant gift cards, plus stablecoins, T-Bills, cash, loans, and restaurant bonds—FOOD offers a unique twist on stability. Natively supported on 17 blockchain networks, Food Token makes spending crypto as easy as grabbing a bite. With transparent reserves and a built-in 11.1% savings (minimum) on EVERY gift card, FOOD is here to feed your wallet and your appetite.

1.  Introduction

We have always hated it when we would hear people say, “You can’t even buy a cup of coffee with crypto.” We hated it because currently it is true! Real-world spending lags behind the hype, bogged down by volatility, antique Point of Sale systems and clunky conversions. Enter Food Token (FOOD), a stableish coin designed to make crypto usable, starting with food. Backed by a transparent mix of assets—led by restaurant gift cards—FOOD lets you swap one token (bought for just 90 cents) for a full $1 of dining value. This whitepaper serves up the recipe for a cryptocurrency that’s spendable at retail.

2. Background

Stablecoins have tamed crypto’s wild price swings, but their single-asset pegs lack flavor. Meanwhile, the $100 billion gift card market—especially in dining—sits ripe for disruption. Food Token blends the best of both worlds, pairing blockchain efficiency with the universal appeal of a good meal. Launched in 2025, as crypto users crave practical utility, FOOD delivers a fresh take: a coin you can spend at the table, backed by Transparent reserves you can trust.

3. Technology

Food Token thrives across 17 blockchain networks: Algorand, Aptos, Arbitrum, Avalanche, Base, Celo, Hedera, NEAR, Noble, OP Mainnet, Polkadot, Polygon PoS, Solana, Stellar, Sui, Unichain, and zkSync. This multi-chain magic ensures fast, cheap transactions wherever you are.
FOOD’s stability comes from its asset basket, targeting 111% backing for safety and liquidity. Key features include:

• Cross-Chain Access: Use FOOD on your favorite blockchain.
• Transparency Portal: Near real-time reserve updates, with scanned gift card receipts.
• Redemption Engine: Swap FOOD for e-gift cards via our website, burning the token in the process.

This tech cooks up a seamless way to turn crypto into cuisine.

4. Tokenomics

Food Token (FOOD) has a dynamic supply that grows and shrinks with its reserve assets, aiming for 111% backing long-term. The basket starts at:

• 75% Restaurant Gift Cards: Bought in bulk at a discount from chains with receipts posted publicly.
• 25% Mixed Assets: Stablecoins (e.g., USDC, Tether, Dai, PYUSD, Mountain Protocol), T-Bills, cash, loans, and restaurant bonds (aka “Junk Food Bonds”).
• Asset Basket percentages will change over time but we will aim for total assets value to be 111% of the total number of Food tokens.

Here’s the kicker: buy 1 FOOD for 90 cents worth of crypto on FoodToken.com, then redeem it for $1 of any restaurant gift card in our network—a built-in savings of over 11%. When redeemed, the token is burned, keeping supply tied to real value.
Plus, stake your FOOD for “Steaking Rewards”—gift cards, not tokens, delivered straight to your wallet. Reserve updates hit monthly and become more frequent over time, keeping everything transparent.

5. Roadmap

Food Token’s rollout is phased for impact:

• Q3 2025: Pilot with 10 restaurant partners, testnet on 2 chains.
• Q1 2026: Full launch across all 18 networks, 25 restaurant deals.Each step brings crypto closer to the dinner table—details to be seasoned later.

6. Vision and Impact

Food Token dreams of a world where crypto isn’t just for hodling—it’s for eating. By starting with Sacramento’s local chains, we’re proving crypto can work IRL, one meal at a time. Our 111% backing and open reserves build trust, while our 11% savings sweeten the deal. Long-term, FOOD aims to make digital currency a daily staple, fueling a tastier blockchain economy.

7. Team

Food Token is cooked up by:

• Bryan Barton: Founder, leader of the Sacramento Bitcoin and Cryptocurrency Meetup.
• JC S.: Sales and Marketing, spreading the FOOD gospel.
• Advisors: Dr. Rankin, Capp W., Sam Skillz, Brian G, TQF, Mark M, Conner MC, Sof G—bringing wisdom to the table.

8. Conclusion

Food Token is crypto with a side of savings—buy for 90 cents, spend for a dollar, and enjoy the meal. It’s a stableish coin with a bold mission: make digital currency practical, transparent, and downright delicious. Join us as we dish out the future of spending.