How can Harmony blockchain benefit from Crypto Charity?

The consensus of the Harmony community wants a stronger marketing campaign. According to leaders in digital marketing, the best strategy for marketing Harmony is through brand awareness. So, how can Harmony benefit from crypto charity?

$1.5 billion worth of Altcoins to Charity

The exposure of Vitalik Buterin donating cryptocurrencies worth $1.5 billion to several non-profit organizations and COVID-19 relief fund in India on March 10, 2021, created heavy exposure but a bold one for sure. Crypto investors were not happy about how Vitalik’s action affected the Shiba token negatively. However, others supported Vitalik on how he handled the extensive amount of money given to him by other tokens like Shiba Inu, Dogelon Mars, etc. Perhaps it could have been handled well, but the cryptocurrency created a ripple effect in the Philanthropy market.

The news of Vitalik’s action was posted in every digital media giving Ethereum the front-page news. I am not saying Harmony should start donating the same amount of money around the world to get exposure but there are a couple of charity donors that are part taking on philanthropy such as wellnessstaking.one and moonity.one as the first charitable token in the Harmony blockchain. I believe through philanthropy and charity donors will increase the brand awareness of the Harmony crypto blockchain.

Philanthropy Statistics

According to Nptrust.org/philanthropic resources, the statistic shows Americans gave $449.64 billion in 2019, and the majority of charitable dollars went to religion (29%), education (14%), human services (12%), grantmaking foundations (12%), and health (9%). Corporates have donated $21.09 billion in 2019 and most bear the signs of the charity organizations they donated to. Donating to charity is also a strategy to help with taxes, especially cryptocurrency gains. Right now, if you are up and making capital gains with Harmony and other cryptos, consider donating to a charity organization to gain tax benefits.

According to Fidelitycharitable.org, donating crypto to charity will benefit the investor and the charity:

• Your tax deduction will be equal to the fair market value of the donated bitcoin (as determined by a qualified appraisal).
• Your gift to charity will be larger because instead of paying capital gains taxes, the 501©(3) charity will receive the full value of your contribution.

Note that the Moonity.one and Wellness.one are not part of the 501(c)(3) but Moonity is a charitable donor who previously donated to Mental Health America, Orangutan Outreach, Rainforest Foundation US, and to International Medical Corps amounting to 97K Ones generated from the Moonity tokenomics.

Moonity.one is a charity validator within the Harmony blockchain that aims to donate 25% of the proceeds to a chosen charity voted by the Moonity community. To learn more about Moonity and our validator please visit us at www.moonity.one , Moonity.one Validator, Stake and Earn Moonity, and come check out our upcoming community voting in Moonity reddit.