In the past couple of years, crypto donations have been on rise. There are many reasons behind the increasing popularity of cryptocurrencies for making donations. They are easy to transfer and track and you can make direct payments to any charity around the globe. Also, many countries are now recognizing cryptocurrencies as legit and offering tax benefits to crypto donations made to nonprofits.
Different people have different reasons to donate. Some do it for charity, others do it to help those in need. Many others donate to save taxes. Whatever your reason is, know that donating SOUL tokens is the best way to help others as well as earn profits. Here’s how.
Why Donate Cryptocurrency?
By donating cryptocurrencies, you can enjoy a number of benefits, as compared to other traditional ways of donating. For example, crypto donations are fast, secure, and convenient. You can donate to your favorite global charities anywhere in the world. Like all crypto transactions, crypto donations are very secure and you can be 100% sure that your payment is going to the actual receiver. Also, most crypto donations are completely transparent, so you will know-how and for what purpose your donations are used.
One other benefit of donating via cryptocurrencies is that you can get some tax benefits on crypto donations, depending on your country/location. There is generally no capital gains tax levied when you donate cryptocurrencies. For a blockchain company, using cryptocurrencies for donation can be a big thing, as it will not only demonstrate their corporate social responsibility but also help boost the adoption of their own digital currency, leading to further growth of the company itself.
Why is SOUL Token the best Cryptocurrency for Donation?
SOUL token is a charity cryptocurrency that was created for the purpose to help those in need. By simply purchasing and holding the SOUL token, you can contribute to help others.
SOUL token is unlike any other charity cryptocurrency, as it doesn’t require you to actually donate your money.
Yes, as a SOUL token holder, you won’t actually donate anything. Instead, the team will make donations on behalf of the token investors and holders. Here’s how it works.
Every investor who chooses to buy SOUL token starts a chain of transactions. And for every transaction, the platform receives a 5% redistribution fee and a 5% liquidity fee. The 5% redistribution fee is distributed as reward among SOUL token holders. And the other 5% (liquidity fee) is added to the liquidity pool, which helps ensure ample liquidity for SOUL token users.
Every once in a while, the SOUL team will allocate 5 billion SLT that will be used to donate to official charities around the globe, with the purpose to help the most in need.
All donations made through the SOUL token are regulated. We only donate to the official and verified charities around the world. To avoid price drops, not all donations are made at once, but in a pre-planned manner.
There are many benefits of donating through the SOUL token. You not only get relief in tax on all your crypto donations, but also you get the assurance that your donations are going to verified and genuine causes, to contribute to those who are the most in need of your help.
Other Benefits of SOUL token donations:
- Donations are made only to verified and official charities
- All information related to donations, charities, etc. are publicly displayed on the official website
- Investors/holders do not actually have to donate everything. They contribute simply by holding tokens
- Investors/holders get to earn profits from the appreciating value of the SOUL token
- There is a separate liquidity pool maintained with sufficient liquidity to avoid sudden price drops
Overall, the SOUL token is a good investment if you are looking to get a recurring income from your crypto investments and also care about helping others. Without actually donating your tokens, you make sure to help others by simply buying and holding the SOUL token.
Start today at http://soultoken.fund/
content sources by:https://soultoken.medium.com/
And now the Chinese government is minting cash digitally in a re-imagining of money that could rock a pillar of American power.It may seem that money is already virtual, like credit cards and payment apps such as Apple Pay in the U.S., and WeChat in China eliminates the need of carrying money.
China is on the way to converting legal tender into computer code.
It has been observed that they have recently declared all crypto-currency transactions illegal in order to give a proper place to their digital currency.There could be another reason for this, cryptocurrencies such as bitcoin portend a possible digital future for currencies, but they exist outside the traditional global financial system.
On one side they are not legal tender like cash issued by governments and on another side, the government doesn’t have any control over them.
They can’t even access the transaction data and accurate holding details.As we are aware of the way the Chinese government operates, they like to have control over everything in their hands, and cryptocurrencies seem like a rebellion in their policy.
In this article, we will talk about some of the recent decisions taken by the Chinese Government on Cryptocurrency and their impact as well.
'Blockchain' is the new trending latest technology that is emerging nowadays.
Libonomy is one of its kind blockchain that has achieved the goals of innovation and creativity with great success.
The kind of innovation it advertises attracts and reaches out to masses that have the knowledge that the system is fulfilling its role of greatness.
Many only talk about a new system of blockchain but Libonomy is on its road to fulfill that ideology already.
The uniqueness of any organization becomes its trademark and the uniqueness of Libonomy is that it offers its clients to explore beyond their imagination and think out of the box.
The specialty of Libonomy Blockchain is that it does not use the previous consensus algorithms that have been used for a very long time.
