The Giving Block is excited to announce that we’re adding support for Avalanche (AVAX) on our donation widget and fundraising platform. AVAX join a growing list of cryptocurrencies that nonprofits can accept with the fundraising tools and services powered by The Giving Block.
About Avalanche (AVAX)
Avalanche is a layer one blockchain that serves as a platform for decentralized applications (aka dApps) and custom, layer two blockchain networks. Avalanche’s transaction output of up to 6,500 transactions per second is higher than many blockchains, including Ethereum and Polkadot. As the native token of the Avalanche blockchain network, AVAX can be used to secure the blockchain and pay transaction processing fees on the network. It also functions as a unit of account across the custom blockchains in the Avalanche network. The total supply of AVAX is 720 million.
We’re excited to be adding new cryptocurrencies because it gives donors more flexibility in the way they donate. We recognize that converting from one crypto to another can be a taxable event in many countries, so we want to offer flexibility to accept other tokens directly.
How to Donate AVAX to Charity
With this latest update, thousands of nonprofits, universities, faith-based and other mission-oriented organizations can now accept AVAX donations on The Giving Block widget and platform.
Donors looking to support an organization or cause that’s important to them can do so by browsing nonprofits and Impact Index Funds and selecting AVAX in the donation widget when completing the transaction.