What is a FON token and what does it do? FoodNear NFT and interesting facts.
First of all, everyone should understand that the FON token is a FoodNear product. Any seller at the FoodNear (FON) platform offers his products to the online food market and wants to obtain the maximum pool of potential customers with minimum expenses. It means that we will take it upon ourselves to tackle all problems associated with the food product placement and the seller will be able to focus on the quality of their products and efficient cooking process.
FoodNear smartphone application is quite extensive and will allow you to sell products that are already cooked, get orders at the customer’s request, and receive potential orders. Any new FoodNear seller gets a free trial period, which will last depending on the country or FoodNear Token Balance for any registered verified seller account.
Some countries can choose permanent free of charge options based on the “pay how much you can” model — with voluntary payments for FoodNear platform development. Sellers can continue to offer their food products to FoodNear platform customers at a fixed monthly price, covered by FoodNear Token balance.
Buyers can use the FoodNear application for free, but will have the option to purchase a monthly subscription, or give a certain amount of money to the foundation. There is also a possibility to send tips for a food seller, or simply hold the FoodNear Token Balance at the internal application FoodNear Token wallet instead of the Binance Smart Chain-compatible wallet.
Token Issuance and Circulation
FoodNear Token (FON) aims to have several use cases, providing value to the users of the FoodNear platform. FON serves as a utility to govern the platform, a means of loyalty, rewards and additional earning source, enabled by NFTs and other tools. Moreover, it is also an admission pass to charity activities, leading to more sustainable choices for both food producers and consumers within the platform.
Food producers (cuisiniers, chefs, restaurants) can get the following benefits:
— Rewards for order fulfillment
— Rewards within the framework of the charity initiative (after fulfilling the plan a user receives the reward)
— Marketing collaboration with the companies and acquiring tokens
— Stacking with the lock-up period
— Obtaining internal benefits for following the platform’s tips that can be converted into tokens
— Collaboration with Fine Dining restaurants, including Michelin Stars establishments
Consumers can benefit from using the platform in the following ways:
— Cashback in tokens if you carry out payment in tokens
— Payment in tokens
— Staking to earn stable rewards
— Encouraging customers to leave feedback and write reviews on the purchased products
— Getting internal benefits for following the platform’s tips that can be converted into tokens
— A buyer who meets certain criteria (provides reviews, lodge complaints etc) can become a moderator of the platform
— For accurate and conscientious fulfillment of their obligations, moderators are going to be awarded points that can subsequently be converted into tokens
FoodNear NFT Collection and Marketplace
By the end of Q1 2022 and at the beginning of Q2 2022, FoodNear is planning to launch an NFT marketplace within the platform. This includes:
- NFT contests between customers: for each purchase user gets one ticket to take part in the lottery with the prize pool of 100 exclusive NFTs
— Collaboration with Fine Dining restaurants
— Generation of NFT based on the unique dishes and recipes of Michelin Stars holders
Invest in charity. Social profits
The FoodNear community is committed to improving the charity practices. We plan to create a semi-charitable mechanism, which allows everyone to order food, recipes, and also help people who need it. Efficient commercial semi-charitable companies are going to distribute profits among the non commercial organization, helping them to reach the main charity goal in the most impactful way with the assistance of a full blockchain-based solution model for business and charity.
Trust in charity is vital, just as transparency of any incoming or outgoing expenses. We know how to resolve traditional issues arising in commercial and non-profit organizations: by applying blockchain digital technology solutions and a clear legal framework based on common law.
Our platform doesn’t keep any funds in private developer accounts, all assets go directly to public legal entities’ assets balance. Any consumer can always see where they have sent their digital assets. All blockchain transactions can be tracked in real-time. The largest donations will be processed manually and duplicated with traditional digital paperwork with government-issued official e-signature to ensure your help reaches the people who need it.
If you choose to donate directly to non-profitable organizations, you can save the life of a human being, historical building, animal, or even the whole species. If you invest in any FON Ecosystem company, you achieve the same goal and help charity indirectly by supporting semi-charitable commercial companies together with investment profits. Every single donation and investment will be important — both, big and small.
Links to our social media:
1️⃣Twitter — https://twitter.com/FONfinance
2️⃣Reddit — https://www.reddit.com/user/FoodNear
3️⃣Telegram announcement channel — https://t.me/foodnear
4️⃣Telegram chat — https://t.me/foodnearcommunity
5️⃣LinkedIn — https://www.linkedin.com/company/foodnear
