Cryptocurrency has entered the daily life of a person. Cryptocurrency is a financial tool that will provide us with financial privacy and protection from inflation, which is especially important in the field of charity. Today we will analyze the top 5 cryptocurrencies with great potential and a robust community that allows non-profits to attract more people who are not indifferent to their activities.
Key points:
- Crypto donations allow you to organize transparent and cost-effective fundraising.
- The popularity of some cryptocurrencies allows you to attract many potential donors and raise more funds.
- NOWPayments allows you to configure the acceptance of crypto donations using a widget, button, or link.
Why should you accept crypto donations?
Transparency
Cryptocurrency is a unique financial tool that allows you to send private but, at the same time, transparent transactions. The secret lies in blockchain technology. All transactions are recorded in an irreversible and transparent blockchain network.
Users who know the recipient’s address can use the services of blockchain explorers to track what amount was sent, at what time, and from whom. In addition, by knowing your public key, users can easily track where the donation of funds went. Thus, if you have nothing to hide, then the introduction of crypto donations can be an excellent way for you on the way to form an honest, open, and respectable charity.
Fast transactions
Charity is an area in which the speed of transactions is crucial as nowhere else. Unfortunately, traditional monetary structures do not allow for quick donations due to the large number of intermediaries involved in the process.
Fiat donations can be processed from one to five business days, which significantly affects the effectiveness of fundraising. In the case of cryptocurrency, donations can reach the charity’s wallet in a matter of minutes and, in some cases, even seconds.
Cheap transactions
Thanks to cryptocurrency, you can attract more contributors as you will allow them not to overpay for transaction fees. Crypto transactions have two key criteria: cost-effective and borderless transactions.
This means that despite the location, anyone can send even the minimum amount without overpaying on commissions. Even micro-donations can make a considerable contribution to charity. When a person wants to send a large amount, he also does not have to pay a fee, which can take up to half of the donation amount. This allows you to organize more effective fundraising, attract more donors, and make this world better.
Privacy
For some, charity is a great PR company, while others highly value their personal boundaries and do not want to flaunt their charitable activities. You may be surprised, but most of the second ones are often the most generous contributors.
Fortunately, more and more non-profits are resorting to the help of cryptocurrencies and blockchain technology to provide their customers with high confidentiality of their data. The question here is not only about some privileges, but for the most part, it is about security. Thanks to cryptocurrencies, your contributors can not disclose their data, which protects them from intruders, and protects your reputation and funds.
What are the best donation cryptos for the holiday season?
ApeCoin
APE is a token presented by the creators of the NFT collection Bored Ape Yacht Club. APE expands the capabilities of a decentralized community in the APE ecosystem by performing the functions of a governance and utility token.
The token was issued to stimulate developers and provide exclusive access to some ecosystem products and governance. In 2023, it is planned to implement additional methods of using ApeCoin. In addition, it is planned to introduce ApeCoin in various metaverses, which will also cause demand from many investors. In addition to the management and game implementation of the token, ApeCoin is suitable for donations because the project has a huge dedicated community.
Ethereum
With the transition to Proof of Stake, Ethereum laid the foundation for further updates. Thus, today this cryptocurrency is an energy-efficient, inexpensive and scalable platform. With the introduction of sharding, the founders of Ethereum claim that the cryptocurrency will reach an incredible throughput of 100,000 TPS. In addition, due to the transition, Ethereum supply has decreased by 90%. Also, some tokens are burned, and some are locked in staking, which makes ETH an extremely deflationary and popular asset.
Shiba Inu
Nevertheless, despite its meme nature, the token is gradually gaining real usefulness. So, in July of the 21st year, the developers launched a decentralized exchange and their fund to support young talents and the Shiba Inu Rescue Association. More than 50 companies already accept the coin as a means of payment, and many non-profits are implementing the acceptance of SHIB donations. Furthermore, developers are preparing to launch their Shibarium blockchain, which can boost the popularity of the asset.
BNB
The largest centralized exchange Binance has its own native BNB token. With the Binance Smart Chain (BSC) launch, its functionality has expanded significantly. Although initially, it was used by traders and investors only to get discounts on commissions.
Binance is an entire ecosystem, not just an exchange or a protocol on which the coin is generated. It includes the largest cryptocurrency exchange by capitalization, the venture Labs division, an educational platform, a charity platform, a launchpad, and much more. To date, the Binance Smart Chain is one of the main rivals of Ethereum, which is used by thousands of users and developers worldwide. In addition, due to the popularity of the exchange, the token has excellent potential as a means of payment and donation.
Decentraland
Decentraland, founded in 2017, is one of the first projects aimed at creating a decentralized virtual reality platform on the Ethereum blockchain. This unique gaming Metaverse allows everyone to purchase land plots, create works of art and non-fungible tokens, and participate in a decentralized autonomous organization (DAO).
Thanks to the DAO system, each MANA token holder is granted the right to participate in the governance. The project has gained incredible popularity among users and has attracted thousands of community members. In addition, interest in the concept of metaverses does not fade, many users discover this direction, and brands actively use metaverses in promoting their products. In addition to accepting tokens, you can buy a plot in Decentraland to start promoting your charity on a global scale.
How to accept crypto donations?
Thanks to NOWPayments, you can start accepting the above and more than 150 other cryptocurrencies in a safe and cost-effective manner.
Our service allows you to set up the acceptance of crypto donations in a matter of minutes using several integration tools:
- Donation widget allows charities to set up fundraising in over 150 cryptocurrencies anywhere on the Internet. Thanks to the widget, your donors can easily donate directly to your wallet.
- Donation button has a flexible design and allows you to configure the acceptance of crypto donations on your website, forum, and so on. Thanks to its versatility, the button will easily fit into your interface and allow your donors to donate cryptocurrency in the blink of an eye.
- Donation link is an extremely easy-to-use integration tool that allows you to accept crypto donations on Twitter, Instagram, YouTube, and other social media. To generate your customizable donation link, you need to follow these steps:
- Log in to your account.
- Go to the “Payments settings” section and add your wallet address.
- Generate an API key.
- Go to the “Donations” section.
- Scroll to “Donation Link”.
- Create your customized link with a catchy name.
- Save it, copy the link and place it anywhere you like.
Conclusion
NOWPayments enables you to accept 150+ cryptocurrencies with low fees, instant payout, and easy integration tools. Thanks to our service, you can establish effective fundraising on any platform, website, or social network.