Restore Earth
Analyzing donations to Angel's Restore Earth Campaign.
Restoring Earth
Restore Earth is a fundraising campaign by Angel Protocol, an organization that seeks to "democratize access to the best financial tools, and put sustainable, influence-free money in the hands of charities on the frontline of creating a more justice-centred world". With Restore Earth, donors will be giving to three charities focused on environmental protection initiatives. Angel leverages Terra defi platforms to source for donations, and to earn yield returns on endowments. As such, we can read Restore Earth donation data using Flipside Crypto's velocity tool.
According to the chart, the campaign started in mid-October 2021 and donations started coming in. From October to November, donations plateaued at 20K UST and rose to 100K and subsequently plateaued. However, in late November, donations started pouring in which accounts for the steep rise in the chart. The steep rise indicates a growing interest in the Restore Earth campaign.
Top Donors
The next line of investigation is to look into the wallets with the most accumulated donations to the campaign. We shall chart the top 10 donor wallets and further use on-chain data to identify such wallets. Looking at the chart of the top 10 below, the figures tell us that the top 10 donors are responsible for about 80% of total donations.
Own Analysis
The top 2 donors, thus terra1g0uzl468etgkx0gkts42mg7ly6waqkemw89lsh
, and terra1janh9rs6pme3tdwhyag2lmsr2xv6wzhcrjz0xx
are likely to be partners or have worked with Angel protocol in the past. Why I'm I saying this? Because they have received some amounts of money from Angel's Distribution core in the past, according to on-chain data.
Recommendations For Charitable Giving
Charitable giving in crypto in the United States are not taxable events, so you will not recognize any gains when gifting or donating appreciated crypto assets. Thus, you don't owe any taxes when you donate crypto to charity! Moreover, Angel provides donors with an option to collect tax receipts.