NEW: Download The 2023 Annual Report on Crypto Philanthropy Download the report

The Giving Block Adds Support for BUSD, CHZ, GMT, ZBC, FIDA, JAM, REVV, QRDO and METIS

by | Sep 28, 2022

The Giving Block is excited to announce that we’re adding support for more cryptocurrencies in our donation widget and fundraising platform. This week, we have added support for Binance USD (BUSD), Chiliz (CHZ), STEPN (GMT), Zebec Protocol (ZBC), Bonfida (FIDA), Tune.FM (JAM), REVV Motorsport Ecosystem (REVV), Qredo (QRDO) and Metis (METIS).

These tokens join a growing list of 100+ cryptocurrencies that nonprofits can accept with the fundraising tools and services powered by The Giving Block.

Learn more about these newly-added cryptocurrencies below:

Binance USD BUSD | The Giving Block

Binance USD (BUSD)

Binance USD (BUSD) is a USD-denominated stablecoin. The BUSD coin was launched jointly by Binance and Paxos, and its market value is pegged to one US dollar. Like many other stablecoins, BUSD is 1:1 USD-denominated stablecoin, meaning that the fair market value of one BUSD is designed to follow the stability of one US dollar. BUSD is a digital-fiat currency that is issued as an ERC-20 token. According to Paxos, “BUSD is 100% backed by reserves held in either or both (i) fiat cash in dedicated omnibus accounts at insured U.S. banks1 and/or (ii) U.S. Treasury bills (including through repurchase agreements and/or money-market funds invested in U.S. Treasury bills).”

Chiliz CHZ | The Giving Block

Chiliz (CHZ)

CHZ is an ERC-20 governance token compatible with the Ethereum blockchain network. The CHZ token is used as the exclusive on-platform currency of Socios.com, which is powered by the Chiliz blockchain. After purchasing CHZ tokens, users can buy branded fan tokens from sports teams and franchises including FC Barcelona, Paris Saint-Germain, the Golden State Warriors, Galatasaray, and the UFC. Fan token holders are eligible to participate in votes and can earn various forms of team rewards and recognition.

GMT STEPN | The Giving Block

STEPN (GMT)

STEPN is a Web3 activity tracker application that was launched in March 2022. The app allows users to tokenize the act of running, walking, or jogging. It is one of the leading move-to-earn applications available and combines elements of GameFi and SocialFi. To earn GMT, users must first select an NFT sneaker of their choice, then select one of three game modes. Users receive rewards for every minute of movement. STEPN quickly gained popularity after its release, as it represents a new way to earn crypto. The app tokenizes real-world actions by adding game elements and blockchain technology to an activity tracker.

Zebec Protocol ZBC | The Giving Block

Zebec Protocol (ZBC)

Zebec Protocol launched on the Solana blockchain in 2021 and enables continuous money streams for financial transactions such as investments, payments, and payroll. Its first application was Zebec Payroll, which allows employees to be paid by the second. Employees can withdraw all their money, convert some of their paycheck into cryptocurrency, or stream their payroll to compliant crypto 401K and IRA accounts. ZBC is Zebec Protocol’s governance token.

Bonfida FIDA | The Giving Block

Bonafida (FIDA)

Bonfida is an ecosystem of products and solutions for the Solana blockchain. Bonfida provides a variety of products and services, including the Solana Name Service, which allows users to replace decentralized addresses with the domain name of their choice. Overall, Bonfida aims to showcase what can be accomplished with the Solana blockchain. FIDA is the native token of the Bonfida ecosystem and helps improve user experience. Most of the FIDA tokens are locked long-term and there is a limited supply.

TuneFM JAM | The Giving Block

Tune.FM (JAM)

Tune.FM is a decentralized Web3 music NFT marketplace and music streaming platform. Through Tune.FM, artists earn cryptocurrency when their music is streamed and they can mint exclusive NFTs. The platform uses the JAM token as its exclusive currency. On Tune.FM, both artists and fans use the JAM token. Artists get paid directly in JAM for every second their music is streamed. They may also mint NFTs and sell them directly to fans for JAM tokens. Fans pay directly for their streaming services using JAM.

REVV REVV | The Giving Block

REVV (REVV)

The REVV Motorsport ecosystem is based around the concept of Play-to-Earn. A variety of gaming decentralized applications, including REVV Racing and Formula E: High Voltage, use REVV as their utility tokens. The REVV token serves as the single currency that connects all of Animoca Brand’s blockchain motorsport games. REVV can be earned through staking or gameplay rewards. REVV tokens circle back into the motorsport ecosystem as players use REVV to pay gameplay fees or purchase NFTs.

Qredo QRDO | The Giving Block

Qredo (QRDO)

Qredo is a decentralized Layer-2 network that aims to improve connectivity between blockchains in order to enable highly secure cross-chain swaps and decentralized digital asset custody. The three main components of the Qredo Network are: blockchain interoperability, lightning-fast settlement, and secure decentralized custody. Qredo is designed for users and developers seeking to securely transfer digital assets with no clearing and settlement risk, no counterparty risk, and independent governance. QRDO is an ERC-20 governance token compatible with the Ethereum blockchain network, with a supply of 2 billion. QRDO is used as a utility token across the Qredo Network ecosystem.

Metis METIS | The Giving Block

Metis (METIS)

Metis aims to solve some of Ethereum’s biggest challenges, including scalability, transaction speed, and high gas fees. Its mission is to create an accessible, easy-to-use technical platform that makes blockchain available to everyone who wants to start or grow a business, dapp, or community with scalability. As a Layer-2 rollup, it is compatible with Ethereum Layer 1. Metis uses Optimism rollups that will “enable developers to integrate in a fast, cheap, and easy manner.” METIS is an ERC-20 governance token compatible with the Ethereum blockchain network.

How to Donate Crypto to Charity

With this latest update, more than 2,000 nonprofits, universities, faith-based and other mission-oriented organizations can now accept donations of these assets with The Giving Block’s all-in-one crypto fundraising solution. 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 one of these cryptocurrencies in the donation widget when completing the transaction.

Subscribe for the Latest Updates

Related Articles

The 10 Best-Performing Stocks: January 2023 Kicking off the year with a portfolio review? Here are the best performing large- and mid-cap stocks for January 2023.
How World of Women is Demonstrating the Far-Reaching Potential of NFT Projects World of Women is an NFT collection that has made a positive impact and sets a high standard for the type of charitable good that NFT projects can do.

Featured Articles

Subscribe for the Latest Updates

Related articles

Highest appreciated Stocks - BLOG | The Giving Block The 10 Best-Performing Stocks: January 2023 January 12, 2023 Posted in: Donors Kicking off the year with a portfolio review? Here are the best performing large- and mid-cap stocks for January 2023. Read more
How You Can Give Zakat in Crypto | The Giving Block How You Can Give Zakat in Cryptocurrency April 28, 2022 Posted in: Cause Awareness, Cryptocurrency, Donors To give Zakat using cryptocurrency, The Giving Block is your one-stop destination to find and support charitable organizations. Read more
Syria Turkey Earthquake Relief | The Giving Block Turkey and Syria Earthquake Response: A List of Nonprofits Helping in the Aftermath of the Turkey and Syria Earthquakes February 10, 2023 Posted in: Cause Awareness, Donors You can support charities helping in the aftermath of two powerful earthquakes that hit Syria and Turkey, devastating the countries. Read more