BREAD is the community currency for the Breadchain ecosystem which exists on Gnosis Chain. All BREAD is created through the Bread Crowdstaking Application which anyone with xDAI on Gnosis Chain is able to use to have some BREAD for themselves.
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Understanding BREAD Voting Power
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Download the Citizen Wallet app today to make peer-to-peer payments in BREAD today!
The Crowdstaking Application is a smart contract on Gnosis Chain that accepts a user’s xDAI and turns it into sDAI. In exchange, stakers receive BREAD tokens, minted at a 1-to-1 ratio with the collateralized xDAI.
All of the interest earned on the sDAI is helps fund the collective and its various member projects based on a monthly vote from BREAD holders. The Crowdstaking Application functions as a fundraising engine for the Breadchain Cooperative, while the BREAD token acts as a local currency within the ecosystem, promoting financial sustainability.
Additionally, BREAD holders are able to to vote on how the yield generated from the sDAI is distributed among the projects part of the Breadchain Network every month. At the moment this includes the Crypto Commons Association, Labor DAO, and Symbiota Coop in addition to the Breadchain core devs and shared Breadchain treasury.
You can learn more about how the voting and yield disbursement work here.
BREAD is linked to xDAI which is a stablecoin with equal value to USD. So $1 = 1 $BREAD.
A solidarity primitive is a building block for solidarity through code. Build with $BREAD to have a tech stack with values.
Earnings from the minting of BREAD go to supporting a co-operative of post-capitalist web3 projects.
How to Use the Bread Crowdstaking Application
<aside> <img src="/icons/username_purple.svg" alt="/icons/username_purple.svg" width="40px" /> Contract Address**:** 0xa555d5344f6fb6c65da19e403cb4c1ec4a1a5ee3
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<aside> <img src="/icons/close_purple.svg" alt="/icons/close_purple.svg" width="40px" /> Gnosis Chain**:** Link to Explorer
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<aside> <img src="/icons/shop_purple.svg" alt="/icons/shop_purple.svg" width="40px" /> Where to spend your BREAD:
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