Updated: Apr 6
The Giving Block and Gitcoin are uniting the cryptocurrency community to fight COVID-19 by creating the #cryptoCOVID19 alliance. We are and changing the way the world views crypto. It is time for us to band together as a community, bringing an end to the chaos and ushering in a new era for crypto. Announcing the #cryptoCOVID19 Alliance.
To misquote Winston Churchill: “If [Cryptocurrency] lasts for a thousand years, men will still say, “This was their finest hour.”
Take Action at https://bitcointuesday.org/COVID19/
1. Partner: Reach out to sponsor match dollars or to offer promotional support.
2. Support: Donate crypto to a featured nonprofit, and then tell people! A lot of em.
When is it?
The campaign begins on Monday, March 23, 2020.
Industry leaders are coming together to form the #cryptoCOVID19 Alliance. We are asking everyone in crypto to join the coalition. Gitcoin is kicking the campaign off with a $100,000 match for donations made in ETH and DAI on their platform. We will be announcing more matches and partners. The following groups have already joined the Alliance:
Donut App (NEW)
Inca Digital (NEW)
The Block (NEW)
and more. All united by our common goal to rise up and use cryptocurrency to squash the coronavirus. Now, we need your help.
We will be announcing a far-reaching coalition of nonprofits we are supporting who are on the front lines, fighting day in and day out to bring this virus to its knees, including:
SOS Children's Villages (NEW)
The Water Project (NEW)
The Gathering Place (NEW)
Eve's Place (NEW)
And many more...
Stay tuned to hear about the other nonprofits participating who you can support by donating cryptocurrency.
Today, donating cryptocurrency is not just a way to lower our taxes. It is our chance to protect the people we love, all while telling the new crypto story. To turn sideways glances into admiration. Today we write the first page of our story. Help us squash this bug:
In partnership with Gitcoin, we will be running our campaigns in parallel. If you're donating ETH or DAI, head to Gitcoin here to have your donations matched up to $100,000. If you'd like to donate in BTC, LTC, BCH, ZEC, GUSD or other cryptocurrencies, head to our plat here. Note that Zcash donations are also being matched by up to $5,000 by Electric Coin Company!
What are the tax benefits of donating cryptocurrency?
Donating cryptocurrency to a nonprofit is not a taxable event. That means you don’t pay capital gains tax and can write the donation off on your taxes, making it one of the most tax efficient ways to support your favorite cause.
Thank you to all the amazing nonprofits, partners and donors who are making this possible. This will be crypto's finest hour.
Pat, Alex and Michael
The Giving Block