The transforming landscape of online payments affects every type of stakeholder, including nonprofit organizations and charities. The emergence and wider adoption of cryptocurrencies have greatly facilitated and accelerated the entire process of making transactions. Thanks to crypto, charities can now accept donations from virtually any person on the planet by utilizing their crypto wallet and the Internet. When it comes to choosing the best crypto to accept as a donation, charities must always prioritize those currencies with the largest communities. One such currency is LEASH. NOWPayments helps charities get donations in LEASH seamlessly and at a low cost.
Key points:
- LEASH is the governance token of Shiba Inu.
- LEASH donations are peer-to-peer, low-cost, and can help charities generate passive income.
- NOWPayments lets charities get LEASH donations.
What is LEASH crypto?
We are all familiar with big and mighty SHIB, one of the most iconic coins in the history of cryptocurrencies. Shiba Inu is as popular as Bitcoin and Ethereum among investors, especially the younger generation. Yet, fewer people know about SHIB’s younger brother called LEASH, which serves as the governance token in the Shiba Inu ecosystem. In comparison to SHIB, LEASH has very limited availability. In fact, LEASH is one of the market’s rarest coins, making it especially desirable. LEASH’s scarcity is also reflected in a very limited number of holders, especially when compared to SHIB, which is in the portfolios of hundreds of thousands of investors. Since LEASH is a governance token, it lets members of Shiba Inu’s DAO participate in voting on various matters concerning the future of the project and its critical decision.
Why should you accept LEASH crypto donations?
Simple cross-border donations
Charities are always looking for as many donations as possible. This implies that organizations must make donation possibilities available to everyone on the planet. However, traditional donation techniques have severe geographical constraints.
International bank transactions, for example, take several days to reach the final destination. As a result, persons residing outside of the countries where organizations are based typically avoid making donations. Such prolonged delays and the lack of donations may entail a serious cost for charities and prevent them from offering critical services. However, by utilizing LEASH donations, organizations may overcome this issue while also making their transactions swift and secure. No matter how far apart the charity and the donor are, a LEASH transaction always gets processed in a few minutes.
Peer-to-Peer transactions
Many sponsors place a high value on their confidentiality. Essentially, some people who contribute money to organizations do not want their names to be exposed to the public, so, in many cases, they simply ditch the idea of engaging in any charitable efforts.
The majority of donation options, including bank transfers, involve full disclosure of the donor’s financial actions to third parties. As a result, details about their charitable contributions may become public. LEASH is a peer-to-peer donation mechanism since all LEASH transactions take place between two individuals with no middlemen involved. So, charities can utilize LEASH to provide donors with the option of sending a secret and anonymous gift.
Get support of the Shiba Inu community
The LEASH community is among the largest ones in the industry. Moreover, if you add the SHIB community to it, you will get literally millions of people capable of sending LEASH donations.
The Shiba Inu project also stresses the significance of charitable activities and promotes them as one of its key objectives. This implies that LEASH and SHIB investors are always willing to contribute to charities and non-profit organizations that promote noble causes. As a result, charities can get a massive inflow of new donors after deploying LEASH donations. Besides, fresh use cases, including those offered by charities, are always appreciated in the community because they help to promote the coin’s wider adoption.
Inexpensive transactions
Charitable organizations are continuously looking for methods to increase the volume of their donations. However, a considerable chunk of each donation gift is frequently eaten up by various fees. So, this is when LEASH can come in handy. LEASH transaction fees are significantly cheaper than those of some of the most popular donation options.
Despite living on the Ethereum blockchain, which occasionally has certain spikes in the price of fees on its network, LEASH transactions still entail only a fraction of the average bank transfer cost most of the time. Lower fees can encourage donors to donate more, thus, charities can get larger donations by accepting LEASH.
Transparency
The foundation of philanthropic action is transparency. People who contribute money to various charities should, at least, know where their money is going.
As a result, charities are expected to disclose how they spend the cash they have amassed. Crypto coins, including LEASH, are the best solution for establishing complete transparency because all LEASH transactions are recorded on a blockchain, and information about them is available to everyone. Charities may publicize their crypto-address, which anybody can use to see how much money they have raised.
Passive income
Finally, LEASH also can provide charities with an opportunity to generate passive income. The Shiba Inu ecosystem features a variety of products and services that provide utility to the native coins of the project.
Shiba Swap, the DEX of Shiba Inu, lets LEASH holders stake their coins and be rewarded with BONE, another crypto in the project’s ecosystem. This is great news for charities that wish to make their crypto holdings work and not remain idle in their wallets. Essentially, by staking, charities can grow their crypto wealth and then use it in an emergency situation.
How can charities accept LEASH donations?
NOWPayments is a LEASH crypto payment gateway that processes both payments and donations in the LEASH coin. The service offers extra convenience to its partners and their clients, enabling them to greatly facilitate the entire process of accepting cryptocurrencies. In order to deploy LEASH token donations, you can use one of the three tools:
- If you have a website, you may opt for a crypto donations button.
- Alternatively, you can place a LEASH donation widget on your website or blog.
- There is also an option of a link that is compatible with all social media and lets you receive LEASH donations.
Let’s take a closer look at how to create a LEASH crypto donation link:
1. Create a NOWPayments account on the official website of the service;
2. Pick the LEASH crypto from the drop-down list of currencies and enter the public LEASH cryptocurrency address to which you would like to receive your donations (Please note that NOWPayments lets you receive payments in the ETH version only);
3. On the left sidebar, press “Payment Tools” and then “Donations;”
4. Specify the elements which will be featured in your donation link (Donors’ names, phone, etc.);
5. Come up with the end part of your crypto donations domain name and press “Save;”
6. Copy and paste the link into the address bar of your browser and specify the sum of the donation you want to make.
7. You will receive a donation invoice with a QR code which you can scan to make the donation.
Conclusion
LEASH is a promising coin that belongs to the Shiba Inu ecosystem and serves as its governance token. NOWPayments enables charities to accept LEASH as a means of donation.