What is Mirror Protocol?
Key Facts + MIR Donation Stats
Mirror Protocol is a decentralized, community-driven project that allows for the creation of synthetics, which track the price of real world assets.
About Mirror Protocol
Mirror’s synthetic mAssets remove traditional financial barriers by enabling any user to own fractional amounts of an asset and to trade on the value of foreign assets. By relying on liquidity pools, Mirror does not need to use centralized order books and can execute transactions in a matter of seconds. MIR is Mirror Protocol’s governance token, so holders can propose and vote on operational changes.
Suggested further reading:
Why Donate MIR?
Since MIR has appreciated significantly, donating MIR and other cryptocurrencies can save you money on your taxes. Because the IRS classifies cryptocurrency as property, this means you don’t have to pay capital gains tax on your donation and can deduct the amount on your tax return. This is why financial advisors recommend you donate your most highly appreciated assets first. Users who donate and enter their email address will automatically get a compliant tax receipt.
Don’t want your MIR stack to decrease? Repurchase the same amount of MIR afterward and still get the same tax benefits to offset some (or all) of your gains.
How to Accept and Donate MIR to Charity
Accept MIR Donations
Hundreds of nonprofits are choosing to set up platforms for crypto donations because it will help them:
- Connect with new, younger donors they typically struggle to engage with
- Tap into the resources of the emerging crypto and blockchain industry
- Stay ahead of the curve with today’s fundraising ecosystem
Find out why Save the Children, American Cancer Society and hundreds more are choosing the The Giving Block’s tools and services:
Donate MIR to Nonprofits
ChainLink investors can become donors by giving a portion of their crypto gains to charity.
- It’s fast, secure and easy
- It can drastically lower your taxes
- It’s rewarding!
Feel great about giving ChainLink to a nonprofit that accepts crypto donations:
Explore other Resources
What is Ethereum?
Ethereum is a decentralized, open-source blockchain with smart contract functionality.
What is Bitcoin?
Bitcoin is a decentralized digital currency, that can be sent from user to user on a peer-to-peer network.
Related Articles
The Giving Block Adds Support for More Cryptocurrency Donations The latest cryptocurrencies and tokens that are supported for crypto donations in The Giving Block platform.