BLOG-Accepting DOT | The Giving Block

The Giving Block Adds Support for Polkadot (DOT)

The Giving Block is excited to announce that we’re adding support for Polkadot (DOT) in our donation widget and fundraising platform. Polkadot joins a growing list of more than 75 cryptocurrencies that nonprofits can accept with the fundraising tools and services powered by The Giving Block.

Polkadot DOT | The Giving Block

Polkadot (DOT)

DOT is the native token to the Polkadot platform, a sharded blockchain that allows for the exchangement of data between networks without sacrificing security. This improves Polkadots scalability and efficiency. DOT provides governance on the Polkadot platform, operates the network, and creates parachains by bonding DOT coins. Holders are able to determine the fees of the network, auction options for the addition of parachains via the underlying code of Polkadot. DOT’s main goals are to provide governance, allowing holders to contribute to the future of the coin and is meant for staking in order for the Polkadot network to verify transactions and create future DOT.

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.

Alex Wilson

Co-Founder, The Giving Block

How to Donate Polkadot to Charity

With this latest update, more than 1,800 nonprofits, universities, faith-based and other mission-oriented organizations can now accept Polkadot donations on The Giving Block widget and platform. Donors looking to support an organization or cause that’s important to them with Polkadot can do so by browsing nonprofits and Impact Index Funds and selecting Polkadot in the donation widget when completing the transaction.

About The Giving Block

The Giving Block makes Bitcoin and other cryptocurrency fundraising easy for nonprofits. Empowering mission-driven organizations, charities, universities, and faith-based organizations of all sizes to leverage crypto technology to achieve their mission. Discover why cryptocurrency is the fastest growing donation method for Millennial and Gen-Z donors, at TheGivingBlock.com.