This is an entry for the Project Lifecycle Contest
Mabuhay! Kanin is life!
Rice, a staple food for over half of the world's population, carries profound cultural, economic, and social significance. It is a symbol of sustenance, unity, and prosperity. According to the USDA's Grain World Markets and Trade report, it is projected that Filipinos will consume a record 16.5 million metric tons of rice in 2024.
RiceGroupPH - Two months ago we launched an idea to bring back the power to the people. The idea is to rent out HP to members and we will get Rice Token in return.
What is Rice Token?
Articles or videos here - Tagalog, English and Video
All RICE is backed by HIVE tokens!
10,000 = 1 HIVE
The max supply of RICE is 100,000,000,000
Milestone HP delegation for every 1M staked RICE
1M = 25 HP
Every 1M Staked Rice will increase the permanent delegation by 25 HP
Permanent delegations will be rounded down to the nearest 1M
HP will be available for rent by staking RICE token on your personal account.
To rent 100 HP for 1 week you will stake 5770 RICE tokens or you can send .577 HIVE to arcadeph and receive a rebate of 5,770 Staked RICE.
How does the RICE staking work?
When RICE is staked and un-staked it acts like a passive income. The staking period is 3650 days and when it is un-staked it will drip back every 24 hours. Example: a person who un-stakes 3650 RICE would get 1 RICE per day for 10 years.
April 24. 2024 Launch Date.
As of June 24, 2024
We are getting closer to our short term goal at 50,000 HP.
The whole idea behind RiceGroupPH is to decentralized the power and spread it to the Filipinos who are involved in this project. The more HP we have the more voting power that we can give to the community of Hive. And of course the more HP we have the more we help the Hive Blockchain. As of now it's a tight knit community we have a plan to bring more Filipinos into the group.
We strongly believe in the Bayanihan Spirit! Bayanihan Spirit is one of communal unity, helping others without expecting rewards, to achieve a certain goal!
RiceGrouPH will be the leading project for Filipinos! We as a Filipino have the values of God fearing, resiliency, community, optimism and hospitable. You don’t have to be a big name to do big things!
As always God bless you all!
