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Now supporting new cryptos - 22dec | The Giving Block

The Giving Block Adds Support for More Cryptocurrency Donations

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 Spell Token (SPELL), Magic Internet Money (MIM), Render Token (RNDR), Gala (GALA), Merit Circle (MC), Ethereum Name Service (ENS), Keep3r (KP3R), Dogelon Mars (ELON) and Civic (CVC). These tokens join a growing list of cryptocurrencies that nonprofits can accept with the fundraising tools and services powered by The Giving Block.

Added on December 23, 2021: SPELL, MIM, RNDR, GALA, MC, ENS, KP3R, ELON and CVC.
Added on November 24, 2021:
Shiba Inu (SHIB), Audius (AUDIO), Mask Network (MASK), Wrapped Centrifuge (wCFG), Quant (QNT), Radicle (RAD), Fetch AI (FET), Numeraire (NMR), API3 (API3), and USD Coin (USDC).
Added on October 8, 2021: Axie Infinity Shards (AXS), Moss Carbon Credit (MCO2), Smooth Love Potion (SLP), Terra (LUNA), and Terra (UST).
Added on August 19, 2021: Mirror Protocol (MIR), Orchid (OXT), The Sandbox (SAND), Skale (SKL), and Somnium Space (CUBE)
Added on August 10, 2021: Enjin Coin (ENJ), Fantom (FTM), Injective Protocol (INJ), Livepeer (LPT), and Loopring (LRC)
Added on August 3, 2021:
Decentraland (MANA), Kyber Network (KNC), Maker (MKR), PAX Gold (PAXG) and Ren (REN)
Added on July 27, 2021:
Balancer (BAL), Bancor Network Token (BNT), Polygon (MATIC), Synthetix (SNX), and Yearn.Finance (YFI)
Added on July 20, 2021: Aave (AAVE), Compound (COMP), Curve (CRV), SushiSwap (SUSHI), and Uniswap (UNI)

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

Learn more about what makes each asset unique in the cryptocurrency ecosystem

Added December 23, 2021

Shiba Inu Logo

Spell Token (SPELL)

SPELL is an ERC-20 token used as a governance and incentive token within the Abracadabra.money ecosystem. The SPELL token’s primary use cases are (1) governance in the Abracadabra protocol and (2) fees earned from the protocol. Abracadabra uses interest-bearing tokens like CRV, CVX and YFI as collateral to mint Magic Internet Money (MIM), a USD-pegged stablecoin. The maximum supply of SPELL is 210,000,000,000, which are distributed for global farming incentives, team allocation, and during the initial DEX offering.

Shiba Inu Logo

Magic Internet Money (MIM)

MIM is a stablecoin that is soft-pegged to the US Dollar and minted by the Abracadabra.money decentralized lending platform. Abracadabra uses interest-bearing crypto assets as collateral to mint MIM, which can be swapped for other stablecoins. Loan liquidations on Abracadabra differ from other stablecoin/lending protocols, in that each collateralized debt position (CDP) is unique and has its own liquidation price. When the liquidation price for an individual CDP is crossed, a liquidator can buy the position by paying off any outstanding MIM.

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Render Token (RNDR)

RNDR is an ERC-20 token which serves as the utility token used to pay for animation, motion graphics, and VFX rendering on the Render Network. The Render Network is a provider of decentralized GPU-based rendering solutions. The project consists of three major components working in conjunction: (a) creators, (b) node operators, and (c) OctaneRender. Using the Render Network, creators can tap into GPU power to render final images at higher speeds and lower costs than previously available. Node operators rent out their spare GPU to creators and receive RNDR tokens for time spent rendering.

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Gala (GALA)

GALA is an ERC-20 utility token used in the Gala Games ecosystem, an Ethereum-based gaming platform. GALA can be used as the medium of exchange between participants in the ecosystem and to purchase digital assets, including NFTs. The project aims to create an environment where gamers retain full ownership of their in-game items, in contrast to the current centralized system where players lose their in-game items when banned or when platforms shut down. NFTs used in-game exist on the Ethereum network and are entirely separate from Gala Games.

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Merit Circle (MC)

MC is the governance token for Merit Circle, a decentralized autonomous organization (DAO) focused on maximizing yield across play-to-earn games and the metaverse. The project aims to develop opportunities to earn MC through play-and-earn platforms for people who want to help build the metaverse. The ecosystem is made up of gamers, community managers, and DAO contributors. Merit Circle was initially known as Axie 420, a scholarship program for the blockchain-based Axie Infinity game. With the rebrand, the DAO is focused on expanding beyond Axie Infinity into other crypto games. Decision making on Merit Circle is undertaken through voting by MC token holders.

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Ethereum Name Service (ENS)

ENS is an ERC-20 utility token associated with the Ethereum Name Service, a decentralized naming system built on the Ethereum network. The ENS token was issued via an airdrop to all ENS domain holders, ENS contributors, and the ENS DAO community treasury. The ENS token will be used for governance of the ENS protocol and community treasury at launch. ENS domains are issued as NFTs, which are meant to be human-readable addresses that map to public keys on networks like Ethereum, Bitcoin, and others. Other metadata can be stored within an ENS domain such as traditional DNS domains, Twitter profiles, IPFS hashes, and more.

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Keep3r (KP3R)

KP3R is an ERC-20 utility token native to the Keep3r Network, a decentralized registry designed to match organizations and other entities with technical professionals known as “Keepers.” A Keeper refers to a person, bot, and/or team that executes a usually autonomous task. To become a Keeper and receive KP3R rewards from completing jobs, a Keeper needs to “bond” with a job. If a bonded Keeper is selected for a job, they will receive KP3R rewards once the job has been successfully completed.

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Dogelon Mars (ELON)

ELON (aka Dogelon Mars) is a doge-themed token project that aims to replicate the success of Dogecoin (DOGE) while referencing Elon Musk’s vision to colonize Mars. The founders of Dogelon Mars locked 50% of all the ELON liquidity in a Uniswap liquidity pool. The other half was donated to Vitalik Buterin, co-founder of Ethereum, who then sent the donated ELON to various DAOs and foundations. Current token holders have either purchased the asset on a decentralized exchange (DEX) or received them as a donation from Vitalik Buterin. The coin has a max supply of 1 quadrillion (1,000,000,000,000,000).

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Civic (CVC)

CVC is an ERC-20 token used on Civic, a decentralized digital identity provider. The primary use case of CVC is as a payment verification between “Identity Verifiers” and “Identity Requesters” within the Civic ecosystem. Requesters can be anyone who wants to link KYC/KYB data to crypto wallets. Identity Verifiers are then paid in CVC by Identity Requesters, and the Civic team takes fees for connecting the parties. Additionally, users verifying their information through Civic can share their info and the verification with service providers, which reduces the need to re-verify their identity.

Added November 24, 2021

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Shiba Inu (SHIB)

Shiba Inu (SHIB) is an ERC-20 token with a total supply of one quadrillion. Shiba is a token that aspires to be an Ethereum-based alternative to Dogecoin (DOGE), the popular memecoin. The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called ShibaSwap. ShibaSwap is a DEX that allows users to trade and stake tokens without an intermediary. The Shiba Inu Token ecosystem also started the Shiba Inu Rescue Association to help fund shelters to save dogs in need.

Audius Logo

Audius (AUDIO)

Audius (AUDIO) is an ERC-20 token governed on the world’s second-largest blockchain, Ethereum. With the help of Audius, artists can generate immutable and timestamped records for their creative works, secured by an incentive-aligned decentralized network of node operators. Node operators and artists have to stake AUDIO tokens in order to unlock different kinds of features and earning opportunities. Audius is an Ethereum-enabled music distribution service that takes aim at recognized startups such as SoundCloud and Spotify.

Mask Network Token Logo

Mask Network (MASK)

Mask Network (MASK) token holders can vote on ecosystem initiatives via a decentralized autonomous organization called MaskDAO. Mask Network is the core product of Dimension, which is positioned to become the bridge that connects internet users from Web 2.0 to Web 3.0. Mask Network enables users of popular social media platforms to send cryptocurrency, interact with decentralized applications, and share encrypted content. For example, the protocol allows users to send encrypted messages and even cryptocurrencies over Twitter.

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Wrapped Centrifuge (wCFG)

Wrapped Centrifuge (wCFG) is an ERC-20 wrapped token compliant with the Ethereum network. This token is intended to represent Centrifuge (CFG) on the Ethereum blockchain. WCFG is not CFG, but rather a separate ERC-20 token that’s designed to track CFG’s price. Centrifuge (CFG) is the native token of the Centrifuge network. Centrifuge (CFG) is used for staking, paying for transaction fees (gas), and participating in governance. The token also provides chain security and rewards liquidity providers in the Tinlake dApp.

Quant Logo

Quant (QNT)

Quant (QNT) is an Ethereum token that is used to power Quant Network’s Overledger brand of enterprise software solutions, which aim to connect public blockchains and private networks. Overledger was designed to act as a gateway for any blockchain-based project to access all other blockchains. It also works in connecting an application to other applications in the same blockchain ecosystem, like Ethereum. Quant Network allows the creation of so-called mDapps that enable decentralized applications to operate on multiple blockchains at once.

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Radicle (RAD)

Radicle (RAD) is an Ethereum token that powers Radicle, a project that describes itself as an “open-source, community-led, and self-sustaining network for software collaboration.” The Radicle token (RAD) is designed as a governance token that enables a number of Ethereum-based features as well as the communal ownership, collective governance, and long-term sustainability of the Radicle network. The RAD token can enable reduced or zero fees when interacting with Radicle smart contracts in addition to governance through voting and proposals.

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Fetch AI (FET)

Fetch AI (FET) is an Ethereum token that powers Fetch.ai, a decentralized machine learning platform for applications such as asset trading, gig economy work, and energy grid optimization. Fetch.ai’s first decentralized finance application helps Uniswap users automate trading according to predefined conditions. The FET Utility Token is key to unlocking the Fetch ecosystem. It’s required to find, create, deploy and train autonomous economic agents and is essential for smart contracts, oracles and the transactions needed to deliver the new digital economy.

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Numeraire (NMR)

Numeraire (NMR) is an Ethereum token that powers Numerai, a hedge fund that crowdsources artificial intelligence to make investments in major stock markets around the world. Numeraire is software acting as a hedge fund that aims to enable users to trade stocks on the Ethereum blockchain. Using artificial intelligence and crowdsourced stock market predictions, Numerai relies on a monthly machine-learning and data science “tournament” where users submit trading algorithms about the stock market. Numeraire (NMR) holders can stake their NMR tokens every week on specific predictions. Successful predictions are rewarded with more NMR.

API3 Logo

API3 (API3)

API3 is the native token of the API3 project. It gives its holders the right to take part in the governance of the API3 ecosystem through the API3 DAO. To generate shares in the API3 DAO, token holders have to stake the API3 tokens into the insurance pool, which also gives them access to weekly staking rewards. The token was created to allow decentralized versions of APIs to be built, managed and monetized at scales. As blockchain technology plays an ever bigger role in the economy — from decentralized finance to supply chain management — the team behind this project says it has never been more important for smart contracts to provide “timely, reliable real-world data.”

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USD Coin (USDC)

USD Coin (USDC) is a type of cryptocurrency that is referred to as a stablecoin. USD Coin is an Ethereum token, so you can store it in an Ethereum-compatible wallet like Coinbase Wallet. You can always redeem 1 USD Coin for US$1.00, giving it a stable price, backed by fully reserved assets. Each USDC is backed by one dollar or asset with equivalent fair value, which is held in accounts with US regulated financial institutions. USD Coin is designed to let dollars move globally from your crypto wallet to other exchanges, businesses, and people.

Added October 8, 2021

Filecoin FIL Logo |. The Giving Block

Axie Infinity Shards (AXS)

The Axie Infinity Shards (AXS) is the governance token of the Axie Infinity gaming universe. Players who hold AXS can vote on the direction of the game’s development, including support for updates and directing the usage of the game’s treasury. Axie Infinity will soon allow gamers to stake their AXS tokens for rewards and use AXS in the game’s native marketplace. AXS is available for purchase, sale and trade on several crypto exchanges.
Axie Infinity Shards (AXS)

Filecoin FIL Logo |. The Giving Block

Moss Carbon Credit (MCO2)

MCO2 is a carbon credit token that enables users to help combat climate change. MCO2 was created by the Moss.Earth team in response to the mass destruction of forests and the resulting increase of carbon in the Earth’s atmosphere. MCO2 holders have helped send $10 million to Amazon forest conservation projects, helping to preserve roughly 1mm hectares of land. One MCO2 token represents one carbon credit from a VCS certified environmental project.
Moss Carbon Credit (MCO2)

Filecoin FIL Logo |. The Giving Block

Smooth Love Potion (SLP)

Smooth Love Potion (SLP) is an ERC-20 token used in the Axie Infinity gaming universe to breed fictional, token-based creatures known as Axies. Axis are bred at an initial cost of 100 SLP, and can be bred several times at increasing price points. Users can earn SLP by completing in-game certain adventures and winning battles. Unlike AXS, the other Axie Infinity token, SLP is not used as a governance token.

Smooth Love Potion (SLP)

Filecoin FIL Logo |. The Giving Block

Terra (LUNA)

LUNA is a native token of the Terra blockchain. It is used to maintain a stable price of the protocol’s multiple stablecoins, including those pegged to the Mongolian tugrik, U.S. dollar, and South Korean won. For example, when there is an increase in demand for TerraUSD (UST), thus driving up the price, holders can burn their LUNA tokens to create new UST, stabilizing the market price of UST while also making a small profit for themselves. LUNA is also used as a governance token for Terra.

Terra (LUNA)

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Terra (UST)

TerraUSD (UST) is stablecoin that mirrors the price of the US dollar. Created by the Terra blockchain, UST allows for interchain usage and aims to solve scalability issues (through its design as an algorithmic stablecoin rather than minted) that stablecoins often face. TerraUSD can be integrated into various DeFi platforms. Further, UST holders can earn a 20% interest rate through the Anchor protocol.

TerraUSD (UST)

Added August 24, 2021

Filecoin FIL Logo |. The Giving Block

Filecoin (FIL)

Filecoin is a decentralized, open-source cloud storage system. It aims to solve resiliency and efficacy issues that challenge the web’s biggest centralized cloud storage providers, while allowing users to have greater access and control over their data. By relying on a network of operators instead of a single central server, Filecoin’s cloud storage is by its nature more resistant to censorship and denial of service attacks. Users can earn FIL, Filecoin’s native token, by mining (either “storage mining” or “retrieval mining”) and by storing data on the protocol.
Filecoin (FIL)

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Alchemix (ALCX)

Alchemix is a DeFi application built on the Ethereum network that provides instant loans that can repay themselves over time. Using decentralizing smart contracts, Alchemix allows users to deposit DAI in order to mint a synthetic stablecoin called alUSD, which is then entered into a smart contract and used to earn yield over time. Alchemix offers a number of high yield strategies for the user to choose from. alUSD can be traded 1:1 for DAI or bought and sold on exchanges. Network participants that provide liquidity are rewarded with ALCX , Alchemix’s native governance token.
Alchemix (ALCX)

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Ankr Network (ANKR)

Ankr Network is a platform that brings together concepts from web3 and DeFi ecosystems to power the crypto economy. Ankr aims to help developers to build products like smart contracts, dApps, and protocols with more streamlined processes and at reduced costs. To do so, Ankr is building a framework that enables businesses to use distributed cloud computing. It also offers investors the opportunity to achieve a higher rate of return over traditional staking methods. The ANKR token is used as payment on the platform, and can be earned for activities such as staking crypto.
Ankr Network (ANKR)

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BarnBridge (BOND)

BarnBridge is a cross-platform risk management protocol that aims to reduce the risks associated with DeFi, such as inflation risk and interest rate volatility. BarnBridge’s SMART Yield pools the yield from lending protocols such as Aave, and splits it into tranches with different risk profiles. SMART Exposure allows user to passively maintain a specific ratio within an ERC-20 token pair, which can potentially outperform buy-and-hold strategies depending on market conditions. The BOND token governs BarnBridge’s DAO protocol.
BarnBridge (BOND)

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Tezos (XTZ)

Tezos is an open-source platform for assets and applications that can upgrade itself without running the risk of a hard fork. Its smart contracts are secured with institutional-grade safety features that facilitate “formal verification,” a process used in nuclear and aerospace industries. Because it claims to be more energy-efficient than blockchains like Bitcoin or Ethereum, Tezos is an ideal platform for building blockchain applications that are eco-friendly. The networks’ validators earn XTZ (also known as “tez”) the Tedos governance token.
Tezos (XTZ)

Added August 17, 2021

Mirror Protocol MIR Logo | The Giving Block

Mirror Protocol (MIR)

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.
Mirror Protocol (MIR)

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Orchid (OXT)

Orchid is a peer-to-peer Internet bandwidth provider that features a decentralized VPN service. To achieve its aim of creating a safer, more private internet browsing experience for its users, Orchid relies on bandwidth providers to power its network. Bandwidth providers stake Orchid’s native token, OXT, to establish themselves as a node in the network, and earn OXT tokens as compensation. Bandwidth users must acquire OXT in order to pay the platform’s user fees. Orchid is available for download as an app on Android, iOS and macOS.

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The Sandbox (SAND)

The Sandbox is a decentralized virtual world where creators and gamers can make, sell, and buy digital assets. The Sandbox aims to be a platform for artists to monetize their creativity and for players to unlock superior gaming experiences. Unique non-fungible tokens (NFTs) exchanged on The Sandbox can be used in its own native ecosystem or in a variety of mainstream virtual games. Users who purchase LAND, a piece of the Sandbox metavers, can host events and invite friends to join them there. All on-platform transactions are conducted with the SAND utility token.

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Skale (SKL)

The Skale Network is a Layer-2 Ethereum sidechain network designed to run on an infinite number of independent nodes. Skale allows developers to use its Ethereum-compatible network to create smart contracts and develop dApps while boosting transaction capacity and reducing or avoiding the latency issues found on Ethereum, without losing access to Ethereum’s mainnet. Holders of the Skale’s native token, SKL, can run nodes that power the network (and receive SKL as a reward), pay for subscription fees, and vote on governance.

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Somnium Space (CUBE)

Launched in 2018, Somnium Space is a virtual world on the Ethereum blockchain that allows users to monetize VR experiences. Players can buy and sell virtual real estate, create and trade NFTs that can be used as in-game assets, and explore the Somnium Space virtual environment. Users can access Somnium Space on the web browser or a downloadable app. The ecosystem also pairs with VR headsets like Oculus. Its native token, CUBE, is used to buy assets and services.

Added August 10, 2021

Enjin Coin ENJ Logo | The Giving Block

Enjin Coin (ENJ)

Enjin Coin is an Ethereum-based cryptocurrency native to the Enjin Network, a social gaming website platform with more than 20 million users and 250,000 gaming communities. The Enjin Network’s tools enable game developers to tokenize digital assets (such as NFTs) that have real-world value because they are backed by Enjin Coin (ENJ). Users can acquire and store these unique assets on Enjin’s platform and use them in games, and any companies that seek to create blockchain products can do so with Enjin’s suite of products.

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Fantom (FTM)

Fantom is an open-source smart contract platform that is designed to overcome the limitations of previous blockchain platforms by solving key issues that tend to plague blockchains. Specifically, Fantom’s scratch-built platform boasts extremely fast transaction speeds, scaling capability, and bank-grade security. Developers can build dApps and digital assets on the Fantom platform. Its staking token, FTM, is used for paying network fees, staking, and governance, and is traded on most major exchanges.

Injective Protocol INJ Logo | The Giving Block

Injective Protocol (INJ)

Injective Protocol is a decentralized derivatives exchange based on Ethereum. Its mission is to create a more free and inclusive financial system through decentralization. Injective is controlled by INJ token holders who can propose and vote on ideas, such as exchange parameters, instead of relying on a centralized governing body to make such governing decisions. The exchange relies on book relayers to help manage liquidity and reduce instances of stuck transactions. What’s also appealing to users is the fact that the platform has zero gas fees.

Livepeer LPT Logo | The Giving Block

Livepeer (LPT)

Livepeer is a decentralized video streaming network protocol built on the Ethereum blockchain. It aims to deliver a more cost-effective way to stream by distributing the computing power required to transcode and host videos to users across its network. These “video miners” receive LPT tokens as a reward for lending their GPU and CPU power and bandwidth to the protocol. On the flip side, app developers pay fees in LPT in exchange for using Livepeer’s services, albeit at reduced costs compared to many mainstream options available.

Loopring LRC Logo | The Giving Block

Loopring (LRC)

Loopring is a decentralized trading and payment protocol built on Ethereum that aims to speed up the time it takes to make a transaction. On Loopring, trades are settled in seconds (or less) because they do not need to be confirmed by the Ethereum network. Instead, it provides a faster, low-fee alternative by utilizing layer 2 rollups. This process makes the protocol perform quickly and at scale without sacrificing Ethereum’s security. Loopring’s governance token, LRC, is earned by taking actions beneficial to Loopring’s ecosystem.

Added August 3, 2021

Decentraland MANA Logo | The Giving Block

Decentraland (MANA)

Decentraland is an online virtual world designed with the blockchain community in mind. Users can explore the environment and trade digital assets like virtual real estate and NFTs. True to its principle of decentralization, users can control the rules of its online world by voting on governance proposals. Users will need to own some of its native cryptocurrency token, MANA, in order to make purchases and vote on proposals. Decentaland is free to use and attracts users seeking a more interactive crypto experience.

Decentraland (MANA)

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Kyber Network (KNC)

Kyber Network is a DeFi protocol that enables users to exchange crypto assets without an intermediary. Its developer-friendly architecture allows for easy integration of dApps, decentralized exchanges, and digital wallets. Transactions on Kyber Network are fully on-chain, making them easily verifiable, and users can earn fees from trades in the network. Its native token, KNC, is used to pay fees on the protocol, and holding KNC also lets users participate in governance by voting on proposals.

Maker MKR Logo | The Giving Block

Maker (MKR)

The Maker Protocol is a software platform that allows users to trade DAI, Maker’s native stablecoin. DAI is soft-pegged to the US Dollar, so the value of one DAI token is equal to $1 USD. Holders of its other token, MKR–which is not pegged to any fiat currency, and is expected to increase in value based on the success of DAI–can vote on MakerDAO’s operating protocols and governance proposals. As of July 2020, MakerDAO has become “fully decentralized,” according to co-founder Rune Christensen.

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PAX Gold (PAXG)

Pax Gold is a stablecoin created by Paxos Standard that is backed by physical gold. Each PAXG token is backed by one fine troy ounce of a 400 oz London Good Delivery gold bar, which are stored in Brink’s vaults. Holders of PAXG also own the underlying gold and can easily redeem tokens for their equivalent in physical gold. Owning digital gold has the advantages of cryptocurrency (e.g. fungibility, tradability) without the drawbacks associated with ownership of a physical asset (e.g. storage costs, limited transportability). For example, unlike with traditional gold exchanges, PAXG allows users to buy and sell partial or infinitesimally small amounts of gold.

Ren REN Logo | The Giving Block

Ren (REN)

Ren is a software protocol that is built to transfer cryptocurrencies between different blockchains. Ren utilizes a process known as “tokenized representation,” in which users lock their digital assets in smart contracts to effectively allow for these assets to function across the DeFi ecosystem, not just in their native environments. For example, users could place their bitcoins in the Ren system and in return receive ether to use on the Ethereum blockchain, including a number of DeFi products. Ren’s native token, REN, is traded on several exchanges  and is earned by operators that help maintain the Ren network.

Added July 27, 2021

Balancer BAL Logo

Balancer (BAL)

Balancer is an automated portfolio manager and trading platform. Conceptually, it somewhat resembles an index fund, in the sense that users can create funds based on their crypto holdings. Unlike an index fund, users don’t pay fees to portfolio managers, they collect fees from other traders using the platform. Balancer offers users the flexibility to create and join private, shared, or smart contract-controlled liquidity pools. Users can earn profits by contributing to pools and by holding its governance token, BAL.

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Bancor Network Token (BNT)

Bancor Network allows users to convert cryptocurrencies instantly—faster than what’s possible on exchanges. Its particular focus is on small- and micro-cap coins. Bancor Network is considered a leader in the current wave of decentralized finance protocols. By eliminating any barriers to entry, anyone can use Bancor Network. Because of its integration of smart contract technology, it is ideal for those who want to trade small- or micro-cap coins. BNT is Bancor Network’s token.

Polygon MATIC Logo

Polygon (MATIC)

Polygon (formerly “Matic Network”) is an Ethereum-compatible protocol and a framework for building blockchain networks. Established to solve several challenges with blockchains and encourage crypto adoption, it combines “the best of Ethereum and sovereign blockchains into a full-fledged multi-chain system.” Polygon optimizes for security, fast transaction speed, and low costs for transactions. MATIC, its native token, is used for paying transaction fees, staking, and governance.

Synthetix SNX Logo

Synthetix (SNX)

Synthetix is a decentralized protocol built on Ethereum. It enables users to deal in synthetic assets, which are tokenized derivatives of their underlying assets. In other words, users can trade and hold synths without directly holding any of the underlying assets. What makes Synthetix unique in the crypto ecosystem is its offering of non-blockchain assets, like gold and silver synths. Its native token is SNX, which is used to pay out fees to holders who contribute to the network.

Yearn Finance YFI Logo

Yearn.Finance (YFI)

Yearn.Finance is intended to be a simple-to-use interface for users who wish to access the decentralized finance ecosystem. By offering a suite of products, Yearn.Finance functions as a portal to its own native liquidity pools as well as those on other decentralized exchanges. Yearn.Finance users earn interest on trades and loans of crypto they have deposited on its protocols. Founder Andre Cronje was seen as a true champion of decentralization because he did not allocate any of Yearn.Finance’s token, YFI, to himself.

Added July 20, 2021

Aave AAVE Logo

Aave (AAVE)

Aave is an open-source, decentralized finance protocol that allows users to borrow cryptocurrencies or deposit them and earn passive income through interest. Aave’s operations rely on smart contracts that enable users to borrow from a “liquidity pool,” which is essentially made up of crypto that has been deposited into Aave by its users. In other words, Aave borrowers do not get loans from specific financial institutions or directly from individuals. Borrowers pay interest on their loan, while lenders receive interest on their deposits. Its native coin, AAVE Tokens, can be stored, transferred, and traded on several crypto exchanges.

Compound COMP Logo

Compound (COMP)

Compound enables users to borrow cryptocurrency or earn interest on crypto they already hold. Compound is one of the most popular Ethereum-based dApps and Compound Labs, its developer, was backed by venture capital investment firm Andreessen Horowitz (a16z). When users deposit crypto, they receive cTokens in return which can increase in value over time and are redeemable for the original tokens deposited by users. Its governance coin, COMP, can be purchased via most third-party exchanges, and any COMP holder can propose changes to Compound’s protocol—true to the spirit of decentralization.

Curve CRV Logo

Curve (CRV)

Curve is a decentralized exchange that exclusively deals with stablecoins. Because centralized exchanges tend to have relatively high fees, Curve.fi is seen as a solution that offers “low fees and low slippage.” Curve has set itself apart from other exchanges through its specialization in stablecoins, which are experiencing renewed interest as of late. The governance token of Curve’s decentralized autonomous organization, CRV, can be purchased on an exchange or through “yield farming,” a practice by which users earn rewards in exchange for depositing into the Curve liquidity pool.

SushiSwap SUSHI Logo

SushiSwap (SUSHI)

Founded in 2020, SushiSwap is an exchange originally based on Uniswap’s open-source code. The exchange aims to provide users access to newer cryptocurrencies that aren’t readily available on larger exchanges, while empowering its users to play an increasingly critical role in its governance. SushiSwap’s token, SUSHI, is freely tradable on exchanges. Its holders receive portions of the exchange’s transaction fees and can propose changes to SushiSwap’s operations.

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Uniswap (UNI)

Uniswap is one of the most popular decentralized crypto trading protocols built for the Ethereum network. Its open-source AMM (automated market maker) software has inspired several offshoot exchange platforms in the DeFi space. UNI, its governance token, can be bought and sold at most major exchanges. Currency, 60% of UNI is allocated to Uniswap community members. Uniswap was created by Hayden Adams, an Ethereum developer.

Why Donate Crypto?

  • How does the phrase “lower taxes” sound? Making a charitable donation of bitcoin or another cryptocurrency usually offsets one’s capital gains taxes.
  • The more nonprofits and charities receive cryptocurrency gifts, the more institutional adoption we’ll see. As the old saying goes: “if you build it, they will come.”
  • Best of all, it’s a quick and simple process. No 16-digit credit card numbers needed!

To Donate Crypto, Follow These Easy Steps:

  1. Select a nonprofit or charity that resonates with your values and ideals
  2. Choose the cryptocurrency you’d like to use for your donation (like Bitcoin, Ethereum, Doge, Aave, Compound, Curve, SushiSwap, Uniswap)
  3. Enter an amount to donate
  4. Donate anonymously (or enter your info if you’d like to stay in touch)
  5. Send your donation to the displayed wallet address
  6. That’s it! Afterwards, you’ll automatically receive a tax receipt

We have more great news on the way: in the coming weeks, we’re adding support for 30+ cryptocurrencies! Stay tuned for the latest rollout announcements by following us on Twitter @TheGivingBlock.

Learn more about the power of donating crypto with The Giving Block.

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.