$BREAD Community Currency
BREAD is the community currency for the Bread Cooperative ecosystem which exists on Gnosis Chain. All BREAD is created through the Solidarity Fund which anyone with xDAI on Gnosis Chain is able to use to have some BREAD for themselves.
Download the Citizen Wallet app to make peer-to-peer payments in BREAD today!
:::note Citizen Wallet
The Citizen Wallet is an open source crypto wallet that you can preconfigure for your community token.
https://citizenwallet.xyz/
:::
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 Bread 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 Bread Cooperative Network every month. At the moment this includes the Crypto Commons Association, ReFi DAO, Citizen Wallet, Labor DAO, and Symbiota Coop in addition to the Bread core devs and shared Bread treasury.
You can learn more about how voting and yield governance work here.
Useful info about BREAD
Section titled “Useful info about BREAD”How to Use the Bread Crowdstaking Application
Section titled “How to Use the Bread Crowdstaking Application”Note: This is the most up to date version of how to use the Bread Crowdstaking Application now that we have completed our migration to Gnosis Chain.
https://breadchain.mirror.xyz/NG3tllGpS7Rok8CCHNffM7UL8RAW7XEr55sPsA0r4rw
:::important Contract Address
Gnosis Chain : 0xa555d5344f6fb6c65da19e403cb4c1ec4a1a5ee3
:::
Consistent value
Section titled “Consistent value”BREAD is linked to xDAI which is a stablecoin with equal value to USD. So $1 = 1 $BREAD.
Built on solidarity
Section titled “Built on solidarity”A solidarity primitive is a building block for solidarity through code. Build with $BREAD to have a tech stack with values.
Fund the future
Section titled “Fund the future”Earnings from the minting of BREAD go to supporting a co-operative of post-capitalist web3 projects.
:::important Where to spend your BREAD:
Marketplace :::