Is Giveth recognized as an official charity?
Giveth is a Decentralized Altruistic Community and with the help of SDG impact fund our DAO and community based organizational structure is represented as a non-profit 501c3 in the United States. We are a community-led project and will not derive any direct profit from the platform. We strive to model the DAC concept as one of the first not-for-profit blockchain based entities. We guarantee all funds will get recycled back into the Community that is ensuring the Giveth Platform gets adopted widely.
What types of projects are prohibited
Projects relating to instigating violence or otherwise illegal activities - also this is a clean site, so we will not allow any form of pornographic imagery on the page.
What is the maximum funding goal for a fundraising project?
The fundraising requirements are stated by each project but there is no limit set. The project should set a realistic timeline for fundraising based on the amount of money to be raised.
How do I know the project I contributed to was completed?
Each project hast he opportunity to post updates as its status changes, and donors who contributed to that project will receive notifications at key milestones, including project completion. Donors can log back on to Giveth to see photos, written updates, and sometimes videos of the completed project.
I like your project but right now I have no funds to donate, how else can I contribute?
We are a very inclusive Community and would love your help (in any way possible).
Are there fees for creating a project?
Nope! Giveth will never charge any additional fees for creating projects on our platform. If you create a project on Giveth.io it creates an entry in our database that directly points to your chosen Ethereum wallet. You can do this as well with a brand new account that holds zero funds.
I’m a donor. How do I know projects are getting my money?
Each project description page shows a list of all donations made to that project and by who. We believe that every human being should be able to transparently see their funds create good in the world. Transparency is the key to staying focused on the work at hand. You will get to see photos and receive frequent upadates on the status of each project you've donated to.
What percentage of the donations go directly to the project?
100% of funds raised on Giveth go directly to the project. Giveth does not charge fees to givers or makers. There are minor fees when using the ethereum network, and if you use other exchanges or services, there are likely associated fees.
How can I be sure my donations are making a difference?
We believe that every human being should be able to transparently see their funds create good in the world. Transparency is the key to staying focused on the work at hand. You will get to see photos and receive frequent updates on the status of each project you've donated to.
Can I donate on Giveth if I don't have crypto?
FIAT integration (donate funds from your credit card or bank account) is coming soon! Stay tuned... Giveth has also partnered with SDG Impact Fund to make it possible for donors to contribute tax-deductible donations, in fiat or crypto, to altruistic projects on the blockchain. This is a major development in finance innovation to effectively care for the commons. We are very close to having fiat options integrated with the Dapp. Until then, fiat donations will accepted here. To learn more about the partnership between giveth and the SDG Impact Fund, please refer to this blog post.
Is my donation tax deductible?
Yes! Giveth is a 501c3 non-profit and donations made to projects are tax deductible for US tax payers. However, you are responsible to consult with your tax attorney for legal or financial advice. Giveth is a Decentralized Altruistic Community and with the help of SDG impact fund our DAO and community based organizational structure is represented as a non-profit 501c3 in the United States.
Does the IRS recognize cryptocurrency donations?
The IRS classifies cryptocurrencies as property, so cryptocurrency donations to 501c3 organizations receive the same tax treatment as stocks.
Why donate cryptocurrency?
Cryptocurrency knows no borders and marginalizes nobody. It can not be taken from you if you hold your keys.
What is Tor.us?
For a more detailed answer, see Tor.us documentation
What is the difference between Bitcoin and Ethereum?
"Bitcoin is intended to function as decentralized means of value transfer whereas Ethereum is a protocol that allows users to develop decentralized applications on top of a blockchain network. As prominent Ethereum developer Vlad Zamfir has confirmed on several occasions, Ethereum is “not money.” Ethereum’s native token, Ether (ETH) exists in order to facilitate the process of building and deploying distributed applications. Meanwhile, the bitcoin currency exists on the Bitcoin blockchain to facilitate peer-to-peer (P2P) exchange of uncensorable, non-confiscatable money." from cryptocompare.com
What is Blockchain?
Simply, it is a secure form of digital cash that can be transferred anywhere in the world peer-to-peer, similar to email (where the emails server is replaced with a decentralized network).
What is Ethereum?
It's the world's programmable blockchain. Ethereum builds on Bitcoin's innovation, with some big differences. Both let you use digital money without payment providers or banks. But Ethereum is programmable, so you can also use it for lots of different digital assets – even Bitcoin! This also means Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you. So step into the bazaar and give it a try...
What is Giveth?
Giveth is a community focused on building the future of giving using blockchain technology. There are a lot of projects in the Giveth Galaxy, but the core 2 projects are: - Giveth.io - beta.giveth.io You can use Giveth to donate to projects or also propose projects that need funding, all using cryptocurrency and soon Fiat currencies! We aim to foster a large network of organizations and to build a bright, transparent and decentralized Future of Giving.
Where can I see in detail what you are spending donations on?
One of the core values of Giveth is transparency. We invite everyone to have a look at our finances. As a Giver you can also ask us for an exclusive tour of the DApp (beta.giveth.io). The Giveth DAC has its own campaign with funding and payout milestones. The funds of that campaign are usually donated to individual's milestones. All movements are visible at a very granular level in the DApp as well as from an Ethereum blockchain explorer. Access to the DApp is gradually opened up to the wider public.