MunchCoin currently exists for one main purpose, to be the world's first blockchain-based food rewards system for the food you buy daily from your local eateries. We will be working on a list of eateries that we can certify for any of our followers to get rewarded in $MNCH. This will be achieved by continuously growing the Munch Community, as well as spreading awareness of cryptocurrency in today's society.
In a world where everything is quickly becoming digital and online, it can be hard for eatery owners to conform to today's standards of being online. This is where we come in! We offer our rewards system to local food establishments as an incentive for customers to buy there rather than any other fast food corporate establishments. Power to the people!
Our goal is to be the biggest community token focused on food rewards as well as tending to our soon to be HUGE community. We plan on being the biggest in cryptocurrency news by bringing the blockchain to the food industry and to the general public! What better way than a system that rewards based on eating?
To participate in the rewards system, there are 3 basic steps.
Munch ( at one of our certified eateries )
Snap ( take a picture of your receipt )
Send ( submit picture & wallet address to our team )
What does it mean for an eatery to be certified? We're glad you asked!
When an eatery is certified, it means that they have passed our requirements to be part of our project and are eligible for anyone to recieve $MNCH rewards from. The MunchCoin Certified sticker somewhere on their storefront. They will also be listed on our website and map.
To submit a receipt, please click visit our Certified Eateries page, here.
The MunchCoin rewards system will work on a "halving" basis. Starting with 1 billion tokens, MunchCoin tokens will be dedicated to rewarding whomever spends U.S. dollars at a partnered eatery after submitting their receipt coupled with their ETH address to our support email, starting with a USD to MNCH ratio of 1:2.
MNCH Rewards Supply | USD:MNCH
1,000,000,000 - 500,000,000 | 1:2
499,999,999 - 250,000,000 | 1:1
249,999,999 - 125,000,000 | 2:1
124,999,999 - 62,500,000 | 4:1
62,499,999 - 0 | 6:1
The rewards system will be MunchCoin's main purpose for a while. We plan on expanding our system in the future.
Our team is currently coming up with more use-cases for MunchCoin. If you have any ideas, please do not hesitate to let us know (If we end up using it you will be rewarded accordingly!).