There is an opportunity for allowing any charity to accept donations of *any* token onchain.

Hypothetically, let's call this CoinStar 

1. Send any token to the CoinStar smart contract address for the charity

2. Smart contract automatically swaps the currency for USDC (may require multiple trades)

3. Longer term: make legal / tax argument that the realized value of the USDC can map back as a valid donation from the original party. I assume there are some existing rules why this doesn't work, but might be able to build a case to change it.

What are the best run charities that accept crypto currency? 

I want to donate all the coins that were randomly sent to me over the last few days (around $2 million)

Nikita Bier

There is an opportunity for allowing any charity to accept donations of *any* token onchain.

Hypothetically, let's call this CoinStar 

1. Send any token to the CoinStar smart contract address for the charity

2. Smart contract automatically swaps the currency for USDC (may require multiple trades)

3. Longer term: make legal / tax argument that the realized value of the USDC can map back as a valid donation from the original party. I assume there are some existing rules why this doesn't work, but might be able to build a case to change it.

https://x.com/nikitabier/status/1886136072779763976

Yeah, sending the token directly like Nikita did is not good. Probably devalued the donation instantly.

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I see. Really love and supporting more ideas around this topic!

You have to hold for a 1 year period for a write off