What is Blockchain?
A blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Ethereum, for maintaining a secure and decentralized record of transactions. The innovation with a blockchain is that it guarantees the fidelity and security of a record of data and generates trust without the need for a trusted third party.
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." - Ethereum.org website
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
Why donate cryptocurrency?
Cryptocurrency knows no borders and marginalizes nobody. It cannot be taken from you if you hold your keys. When you donate crypto, you do not recognize capital gains from the crypto you hold and you can deduct it from your taxes. In other words, donating your crypto can often reduce your tax burden. Would you rather donate to the tax agency or your favorite cause?
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.
What is Giveth?
Giveth is a community focused on Building the Future of Giving using blockchain technology. Our intention is to support and reward the funding of public goods by creating open, transparent and free access to the revolutionary funding opportunities available within the Ethereum ecosystem.
Is Giveth recognized as an official charity?
With the help of SDG impact fund the Giveth 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 guarantee all funds will get recycled back into the Community that is ensuring the Giveth Platform becomes adopted widely.
Is my donation tax deductible?
We do not support donors in obtaining tax deductions and if a donor receives GIVbacks for donating to a verified project, we can not guarantee that the donation is legally tax deductible.
Where can I see in detail how Giveth is spending their donations?
One of the core values of Giveth is transparency. We invite everyone to have a look at our finances. Funding, expenditures and payments relating to Giveth can be seen in the Giveth Community on Giveth TRACE. All movements are visible at a very granular level in the DApp as well as from an Ethereum blockchain explorer.
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. There are minor fees when using the ethereum network, and if you use other exchanges or services, there are likely associated fees. To learn more, read up on some of the foundation mechanics of Ethereum.
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. To learn more about fees and how Ethereum works, visit their website.
Can I donate on Giveth if I don't have crypto?
Fiat integration (the ability to 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 (traditional currency) 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.
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. Giveth.io does not collect any fees and your donation is sent directly to the project's provided wallet address. You can also find your donation on the blockchain by the link to the transaction on a block explorer (i.e etherscan.io) after you make a succesful donation.
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. Project owners will be responsible for providing updates on how donations to their project are used.
How do I know the project I contributed to was completed?
Each project has the opportunity to post updates as its status changes, and donors who contributed to that project will receive notifications when a project owner posts an update. Donors can log back on to Giveth to see photos, written updates, and sometimes videos of a given project. Updates are the responsibility of the project owner, Giveth has no direct control in facilitating these updates.
Is there a maximum funding cap for a single project?
There is no maximum funding cap for projects. However, projects are encouraged to define specific funding requirements for better transparency.
What is a Traceable project?
A project on Giveth.io that has been verified can choose to become a Campaign on Giveth TRACE, thus becoming a traceable project. This enables project creators to manage their donations transparently using Traces. Traces specify how the project is using their donations to achieve the goals of the overarching Campaigns. Upgrading giveth.io projects to Campaigns enables project creators to specify parts of their project requiring funding as different types of Traces. Donors benefit from being able to choose to fund either specific Traces or the overarching Campaign, and are able to trace the flow of their donations. A traceable project appears on both Giveth TRACE (as a Campaign) and Giveth.io, allowing for double exposure! To learn how to make your project traceable, visit our documentation.
I love Giveth but right now I have no funds to donate, how else can I contribute?
We are a very inclusive Community and would love for you to join and see how you can get involved. Join us on any of our social channels and come talk to us!
Why is Giveth launching a token?
Giveth’s mission is to reward & empower those who give -- to projects, to society & to the world. The GIV token fuels and drives the GIVeconomy and some has been already distributed to those who have contributed to making Giveth what it is today. Anyone with an Ethereum wallet can get GIV via our GIVbacks program by donating to verified projects. GIV is a governance token that allows our community to actively participate in shaping the future of Giveth in a decentralized way.
What network is the GIV token on?
GIV was deployed on Ethereum Mainnet and is used most heavily on xDai. However, the GIViverse is multi-chained and GIV will likely be bridged/transferred to other chains and Layer 2 networks.
Why are you using the xDai network?
Giveth was part of the creation of the xDai Network and loves the low-gas fees!
What can I do with GIV?
With GIV, you can Govern, Donate, Farm & Earn! Explore the GIVeconomy here.
Who is eligible to receive the GIVdrop?
Will there be another GIVdrop?
No, there are no more GIVdrops planned, but anyone can get GIV from GIVbacks by donating to verified projects on Giveth.
Why can't I see my successfully claimed GIV in my wallet?
The GIVdrop is on the xDai Network. Ensure that your wallet is connected to xDai and that you have added GIV to your token list! The address for the GIV token on xDai is 0x4f4F9b8D5B4d0Dc10506e5551B0513B61fD59e75.
Why don't I have a GIVdrop?
The GIVdrop has been sent to our community of crypto philanthropists, Giveth users & builders, Blockchain4Good DAO members, and other ecosystem partners. We have made every effort to include all valid addresses in this GIVdrop, at our discretion. Not every person who has ever interacted with Giveth is eligible. If you did not receive GIV, that is because you were not eligible. We will not review past transactions or consider other addresses for inclusion. We appreciate your understanding.
I didn't receive a GIVdrop. Can I get one now?
We have made every effort to include all valid addresses in this GIVdrop, at our discretion. Not every person who has ever interacted with Giveth is eligible. If you did not receive GIV, that is because you were not eligible. We will not review past transactions or consider other addresses for inclusion. We appreciate your understanding.
I'm eligible for the GIVdrop, but I lost the keys to my address. Can you help?
If you received the GIVdrop but no longer have access to the eligible address, it is possible for us to redirect the allocation to another ETH address. However, you need to prove who you are and that you do have tokens allocated to you. If this is you, reach out to our team for support. FYI - If no one on the Giveth team knows you, it probably won't work out.
What is the GIVbacks program?
GIVbacks is a revolutionary concept that rewards donors to verified projects on Giveth with GIV. Learn more about GIVbacks in our documentation
What is a Verified Project?
'Verified' is a top tier status for projects wishing to join the GIVbacks program. The GIVbacks program is a revolutionary concept that rewards donors to verified projects with GIV tokens. By applying for a 'Verified' project status, you will be able to make your project stand out and encourage more donations. Getting your project verified also builds a relationship of trust with your donors by demonstrating your project's legitimacy and showing that the funds are being used to create positive change. This simple verification process requires some additional information about your project and the intended impact of your organization. If you would like to apply to receive the 'Verified' badge, encourage more giving and give back to those who have helped you reach your goals, please fill out this form.
I earned GIVbacks, but the GIVbacks page says my balance is zero. What happened?
What is the GIVstream?
The GIVstream aligns community members with the long term success of Giveth and the GIVeconomy. With the GIVstream, anyone who adds value to the GIVeconomy gets GIV continuously for up to 5 years. The GIVeconomy starts out small but as more value is created, the GIViverse expands -- More GIV becomes liquid and more GIV spreads out to our community of stakeholders. To learn more, check out the GIVstream documentation.
Why is there a GIVstream?
The GIVstream nurtures the GIVeconomy at inception by having only 10% of the total supply of GIV liquid and transferable to start. As the GIVeconomy grows & stabilizes, more GIV become liquid and available for everyone. We want to empower those who support the Giveth ecosystem with steadily increasing governance rights, this includes participants who donate to verified projects, vote in the GIVgarden or provide liquidity in the GIVfarm. Participants benefit from their GIVstream flowing as the GIVeconomy flourishes over time, therefore we ensure that Giveth is not just governed by people who buy tokens on the open market but by those who contribute in a more meaningful way.
How do I get a GIVstream?
You can get (or increase) your GIVstream flowrate on xDai chain by donating (on xDai or Mainnet) and getting GIVbacks, by wrapping GIV to use in the GIVgarden, or by staking in the GIVfarms on xDai. You can get (or increase) your GIVstream flowrate on Ethereum Mainnet by providing Mainnet liquidity and staking GIV or LP tokens in the GIVfarm on Mainnet.
Can I speed up my GIVstream?
You can increase your GIVstream flowrate by participating in the GIVeconomy through GIVbacks, the GIVgarden, or the GIVfarm. You cannot, however, accelerate your GIVstream to decrease the time remaining. The "GIViverse expansion" time period ends on December 23, 2026 and is the same for the entire GIVeconomy.