The first coin you can eat.
$RICE is a token backed by an actual pile of rice. Burn your tokens, and real grains of rice show up in your mailbox. That's it. That's the whole thing.
Overview
Most tokens are backed by nothing. $RICE is backed by rice.
Before launch, the team purchased 10,000,000 grains of rice and placed them in reserve. Every token in circulation corresponds to a fixed fraction of that reserve, and any holder can convert tokens into physical grains at any time by burning them. Burned tokens are destroyed forever; the corresponding rice is packed up and mailed to the holder, free of charge.
There are no staking pools, no roadmaps to a metaverse, and no whitepaper written by a hedge fund. There is a supply, a reserve, and a mailbox.
The peg
The redemption rate is fixed at launch and never changes:
Because the total supply is 1,000,000,000 tokens and the reserve holds 10,000,000 grains, the math closes perfectly: if every single token were burned, every single grain would be mailed out, and both the token and the reserve would reach zero together.
Tokenomics
| Parameter | Value |
|---|---|
| Token name | $RICE |
| Total supply | 1,000,000,000 |
| Rice reserve | 10,000,000 grains |
| Redemption rate | 100 $RICE : 1 grain |
| Mint function | None. Supply can only go down. |
| Burn mechanism | Burn-to-redeem. Every burn is permanent and triggers a shipment. |
Every redemption is deflationary twice over: the token supply shrinks, and the circulating rice supply shrinks with it, keeping the ratio between tokens and grains constant forever.
Proof of reserves
The reserve is not theoretical. On September 5, 2026, the team acquired twenty 20 lb bags of Royal Basmati Rice — 400 pounds of reserve assets — in a single transaction at Sam's Club. Receipt and reserves are documented below.
| Field | Value |
|---|---|
| Acquisition date | 09/05/2026, 18:25 |
| Vendor | Sam's Club |
| Asset | Royal Basmati Rice, 20 lb bags |
| Quantity | 20 bags @ $17.48 |
| Total reserve cost | $349.60 |
| Reference # | 521200382157 |
Burn & redeem
Redeeming is a three-step process. Once your burn is confirmed on-chain, the shipment is queued automatically.
Send any multiple of 100 $RICE to the burn function. The tokens are permanently destroyed.
Attach a delivery address to your burn through the redemption portal.
Your grains are counted, packed, and mailed. Small burns arrive in an envelope; large burns arrive as a package.
Redemption sizes
| Burn amount | You receive | Format |
|---|---|---|
| 100 $RICE | 1 grain | Envelope |
| 10,000 $RICE | 100 grains | Envelope |
| 1,000,000 $RICE | 10,000 grains | Package |
| 100,000,000 $RICE | 1,000,000 grains | Several packages. Please reconsider. |
Shipping
Shipping is free on every redemption. Burning is a service to the remaining holders — it makes every unburned token scarcer — so the project covers postage as a thank-you. There are no redemption fees, handling fees, or minimums beyond the 100 $RICE peg itself.
- Envelope redemptions ship as standard letter mail.
- Package redemptions ship as tracked parcels.
- One shipment per burn. Batch your burns if you want your rice to travel together.
Where to trade
$RICE launches on Robinhood, where it can be bought and sold like any other listed token. Redemption, however, only ever moves in one direction — you can turn $RICE into rice, but no amount of rice can be turned back into $RICE. The reserve only empties; it never refills.
FAQ
Is this serious?
The rice is completely real. The tone is not.
What kind of rice is it?
Royal Basmati, from the foothills of the Himalayas. The reserve is premium aged. Your grains are older and wiser than most tokens.
Can I redeem less than one grain?
No. The grain is the atomic unit of the protocol. Burns must be multiples of 100 $RICE.
What happens when the reserve runs out?
It can't run out ahead of the supply — the peg guarantees there is always exactly enough rice for every token still in circulation.
Should I buy this?
That's entirely up to you. $RICE is a memecoin: treat it as entertainment, not an investment, and never spend money you'd be sad to convert into a small pile of rice.
