Mirror Protocol (MIR)

by | Aug 18, 2021

About Mirror Protocol

Mirror Protocol is a decentralized, community-driven project that allows for the creation of synthetics, which track the price of real world assets.

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.

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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.

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