What is Solana (SOL)?
Key Facts + Solana (SOL) Donation Stats

About Solana

SOL is the native token of the Solana network and is used for payment of transactions over the entire network.

SOL’s focal point is blockchain scalability, using a proof-of-history (PoH) consensus as well as the proof-of-stake (PoS) consensus of the blockchain. This allows Solana to have small-time traders as well as established traders. SOL also attains high transaction speeds, up to 50,000 transactions per second.

Suggested further reading:

Why Donate SOL?

Since SOL has appreciated significantly, donating SOL 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 SOL stack to decrease? Repurchase the same amount of SOL afterward and still get the same tax benefits to offset some (or all) of your gains.

How to Accept and Donate Solana (SOL) to Charity
Accept Solana (SOL) 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 Solana (SOL) to Nonprofits

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 to a nonprofit that accepts crypto donations:

Ethereum ETH Logo | The Giving Block

What is Ethereum?

Ethereum is a decentralized, open-source blockchain with smart contract functionality.

Learn about ETH

Bitcoin btc Logo - The Giving Block

What is Bitcoin?

Bitcoin is a decentralized digital currency, that can be sent from user to user on a peer-to-peer network.

Learn about BTC

Bitcoin Heart | The Giving Block

5 Reasons Why Donating Crypto Can Lower Your Taxes

In recent years, we’ve seen hundreds of millions of dollars in cryptocurrency donated to nonprofits.

Learn more

Cryptocurrencies Accepted by The Giving Block