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Establishing a diversified crypto portfolio is not a challenging task when you consider there are more than 8,000 different cryptocurrencies from which to choose. However, if you have certain qualifications for your portfolio, like being profitable for example, the task becomes far more challenging. And if you want to have a portfolio that includes integrated philanthropic proceeds, it is more challenging still.

While Bitcoin (BITCOMP) remains the undisputed champ of cryptocurrencies from a market cap and perhaps a long term value perspective, industry experts point more and more to utility tokens as the wisest investments for those who wish to experience long-term crypto gains. The argument for utility revolves around the value that it holds within its blockchain ecosystem. Ethereum (ETH-X), for example, has extensive utility, such as for those wishing to engage in the world of Non-Fungible Tokens (NFTs). While Solana (SOL-X) is somewhat less well known, it still has its own NFT ecosystem, it’s fast and cheap, but less centralized. Which do you choose?

The more that I understood the unifying power of cryptocurrency and decentralized finance, the more I believed it could be used to have a profound social impact by democratizing finance globally and giving back to the community substantially. Apparently, I was not the only one.

A growing number of cryptocurrencies have launched with the goal of not only promoting decentralized finance, but also leveraging their success to fund philanthropic causes. You might think of them as “crypto with a cause”. The utility of these tokens extends philanthropically to charities in a variety of ways, including by reserving portions of the token pool to make regular donations to charities that are making a true difference in our communities.

At Pink Panda, we approach philanthropy in a way that not only benefits worthy causes, but also allows our community to grow in their passion for charitable giving. Through our app, users can suggest and vote on the charities that will benefit from our giving. Our goal is for the community to decide what causes matter most to them.

Beyond strengthening individual portfolios, utility tokens that promote philanthropy also strengthen the crypto universe at large. By connecting crypto to social and environmental activism, crypto that seeks to give back has the potential to stir an interest where self-serving coins may not.

Among the tokens currently tied to philanthropy include those that seek to empower initiatives aimed at carbon sequestration, marine conservation, mental health research, COVID-19 relief, and bringing an end to world hunger. With some reports showing that 56 percent of those in the US gave to charity in 2021, highlighting the charitable opportunities associated with crypto holds great promise for increasing the number of crypto investors.

Community, charity, and positivity are powerful tools for inspiring and mobilizing people. By leveraging them in the world of cryptocurrency and decentralized finance, we can have a profound social impact by truly democratizing finance globally while also giving back substantially to charitable causes.