Jan 3
Crypto For Charity — How Cryptocurrency Is Making The World A Better Place, One Non-Profit At A Time
When you think of cryptocurrency, you might think of the typical “crypto bros,” or a few wealthy elites making a big profit — but there’s a lot more to it than that.
Crypto really has democratized finances in an interesting way, that’s still being explored, and perhaps isn’t really fully understood yet.
In some ways, it’s quite surprising and has really shown off some of the good in the world.
In the social circles where I hear people’s opinions, it’s often said that big donations to charities are never done for the sake of the charity — they’re done for the tax write-off or the publicity.
While that’s probably not true in every single situation, I tend to agree with that opinion — most wealthy elites and mega corporations are donating for their own benefit, not the charities.
That’s where crypto really shows a difference, because many cryptocurrencies have charitable giving built right into their core, or the developers do it just out of the goodness of their hearts.
Look around at recent successful cryptos and NFT projects, and you’ll find many of them automatically donate set percentages to non-profits. It’s just part of their normal operation, and why people buy into them.
Dealing Them In
While most cryptos that provide funds for charities have done so with cash, provided by selling their tokens, some projects have taken a different approach.
Instead of handing money to the charities, they’ve given them large donations of tokens.
At first glance, this may seem to be less valuable, but it’s actually the opposite — and could be providing the non-profits with a lot more cash in the long run.
A charitable developer of NFTs or Cryptos can afford to hand out a lot more in tokens than actual cash, with the result that it will likely cost them less immediately while giving more to the charity.
The charity can then choose whether to hold the investment, if they think it might grow even larger, or to sell it out for the cash — or perhaps something in between.
Charitable Cryptos To Date
If you’re looking to get involved with charitable crypto, there are all types and varieties operating today.
There are cryptos that give a small percentage of every transaction to a specific charity.
Or cryptos that let their users vote on which charity the small percentage of each transaction will go to.
My personal favorite is actually a popular NFT art project with its own crypto, that doesn’t give a small percentage to charity, but actually gives huge amounts of tokens (literally a Billion) to charities, just because the developers felt like helping out.
Not only that, but the same NFT project developers decided to drop a roughly equal amount of tokens on the people who have been supporting their project, just as a way of saying thank you.
There are lots of ways to give back to the community and the world, and crypto is opening up new avenues every day for caring individuals to make their mark.
The only question is, will you be a part of the new revolution?
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
