DigiByte is a global blockchain that has grown through the grassroots efforts of volunteers since 2014 as it never had an “initial coin offering” to fund initiatives. The DigiByte Alliance is one of a handful of 501(c)(3) nonprofits formed to support a public blockchain ecosystem. The DigiByte Alliance’s fundraising strategy encompasses private fundraising events, pursuing corporate and government grants, and public donations. Your donation will help accelerate the growth, development, and adoption of the DigiByte global blockchain network.
Your generosity aids in:
• Open-Source Development: Ongoing open-source software and tool development for the developer community.
• Infrastructure Support: Infrastructure essential for maintaining and developing the DigiByte blockchain, ensuring its efficiency and robustness.
• Education: Educational content and initiatives to promote understanding and adoption of blockchain technology.
• Community Growth: Outreach programs and community-building to expand awareness and grow our community.
DigiByte Alliance Fundraising Platform
DigiByte Alliance fiat fundraising is powered by Virtuous and Stripe. Our crypto fundraising is powered by Engiven which uses Gemini for processing. We accept DigiByte and all cryptocurrencies listed on the Gemini exchange. We collaborate with these third parties to enable a secure and seamless donation process and to ensure compliance with IRS reporting obligations under US law.
What happens to my cryptocurrency once it is donated to the DigiByte Alliance?
The DigiByte Alliance accepts crypto donations directly via Engiven. To ensure immediate application of your generous support to our mission, any donations of assets that are listed on Gemini are instantly sold and converted to US dollars by Engiven. This approach allows us to mobilize your contributions swiftly, maximizing their impact in advancing the DigiByte blockchain, mitigating market value risk, and ultimately benefiting the community we serve.
Is my cryptocurrency donation tax-deductible?
Your contribution is tax-deductible to the fullest extent permitted by law. For donors in the United States, the IRS has classified bitcoin as property for tax purposes. This means that when someone donates bitcoin and other cryptocurrencies to a 501(c)(3) nonprofit such as the DigiByte Alliance, donors do not have to pay capital gains tax and it is tax-deductible if you provide your KYC information. However, tax rules for cryptocurrency donations can be complex and may vary by region. We recommend consulting with a tax professional for advice on your specific situation.
Can I donate crypto to the DigiByte Alliance anonymously?
Anonymous donations of up to $1000in cryptocurrencies other than DigiByte (DGB) are accepted at this time. However, if you donate anonymously, you will forgo your ability to claim a potential tax deduction.
Can I donate to the DigiByte Alliance from outside the United States?
Yes, fiat and cryptocurrencies can be donated to the DigiByte Alliance from anywhere around the world, with the exception that the DigiByte Alliance does not accept donations from individuals located in OFAC sanctioned countries due to US regulations.
Thank you for your generous support. Together, we can cultivate a digital economy where trust, resilience, freedom, and innovation thrive.