ChronoWallet is a nonprofit foundation dedicated to supporting our mission of enhancing financial access through cryptocurrency and blockchain technology. This Donation Policy outlines the terms, conditions, and compliance requirements related to donations made to ChronoWallet, specifically in cryptocurrency. By donating to ChronoWallet, donors agree to the terms below.
1. Accepted Cryptocurrencies
ChronoWallet currently accepts donations in the following cryptocurrencies:
- Bitcoin (BTC)
- Ethereum (ETH)
- Monero (XMR)
- USDC (USDC)
Donations made in these cryptocurrencies will be received and managed according to this policy. Any donations received in cryptocurrencies not listed above may be converted, retained, or otherwise used at the foundation’s discretion.
2. Non-Refundable Donations
All donations to ChronoWallet are final and non-refundable. Due to the decentralized nature of cryptocurrency transactions, once a donation is completed on the blockchain, it cannot be reversed. Donors are advised to ensure they intend to make the donation before completing the transaction, as ChronoWallet cannot provide refunds for any reason, including errors in transaction amounts or wallet addresses.
3. Use of Funds
Donations to ChronoWallet are made with the understanding that they will be used solely at the discretion of the foundation in pursuit of its mission. Donors do not have any influence, control, or input into how funds are allocated or managed. Donations may support a wide range of activities and operational needs, including but not limited to:
- Technological development and platform improvements
- Operational costs, including legal, administrative, and compliance expenses
- Community engagement and educational initiatives
Any other projects or expenses deemed necessary by ChronoWallet to further its mission
4. Donor Rights and Limitations
- No Ownership or Control: Donors acknowledge that by contributing to ChronoWallet, they are not purchasing any equity, stake, or control over the foundation or its assets.
- No Goods or Services: Donations are voluntary and given without expectation of receiving any goods, services, or preferential treatment. Donations do not constitute a contract, nor do they establish any legal rights over the foundation’s operations.
- No Tax Deductibility Disclaimer: ChronoWallet is [indicate 501(c)(3) status if applicable or provide clarification about tax-exempt status]. Donors should consult a tax professional to determine whether donations to ChronoWallet are tax-deductible, as U.S. tax laws regarding cryptocurrency donations and nonprofit organizations are complex and subject to change.
5. Compliance with U.S. Laws and Regulations
- Anti-Money Laundering (AML): ChronoWallet is committed to complying with all applicable U.S. laws and regulations, including those related to anti-money laundering (AML) and counter-terrorism financing (CTF). Donations in cryptocurrency may be subject to additional scrutiny to ensure compliance.
- Know Your Donor (KYD) Requirements: ChronoWallet may require donors to provide identifying information if necessary to comply with legal or regulatory obligations. Such information will be handled confidentially in accordance with ChronoWallet’s Privacy Policy.
- Reporting Obligations: In accordance with U.S. regulations, ChronoWallet may be required to report certain donations to regulatory authorities. Donors acknowledge that information related to their donation may be disclosed as required by law.
6. Privacy and Data Protection
ChronoWallet values donor privacy and is committed to protecting donor information. Personal information collected, if any, will only be used for legal compliance and will not be shared with third parties unless required by law. ChronoWallet does not publicly disclose donor names or transaction details without prior consent, except where required for regulatory or legal compliance.
7. Third-Party Donations and Conversion Policy
- Unsupported Cryptocurrencies: Donations made in cryptocurrencies other than Bitcoin, Ethereum, Monero, and USDC may be accepted, converted, or otherwise utilized in a manner deemed appropriate by ChronoWallet. Unsupported cryptocurrencies may be converted to one of the accepted forms or to fiat currency at ChronoWallet’s discretion.
- Transaction Costs: Donors acknowledge that cryptocurrency transactions may incur network fees or conversion costs, which are not refundable and are beyond ChronoWallet’s control.
8. Indemnity and Limitation of Liability
- No Liability for Loss: ChronoWallet is not liable for any losses incurred by donors due to fluctuations in cryptocurrency value, technical issues, transaction errors, or regulatory changes affecting cryptocurrency.
- Indemnification: Donors agree to indemnify and hold harmless ChronoWallet, its directors, officers, employees, and agents from any claims, liabilities, or damages arising from their donation.
9. Policy Changes
ChronoWallet reserves the right to update or modify this Donation Policy at any time. Donors are encouraged to review this policy periodically. Continued donations after any modifications constitute acceptance of the updated terms.
This Donation Policy is intended to clarify the terms and conditions of donations to ChronoWallet, ensuring transparency, compliance with U.S. regulations, and the foundation's continued ability to operate effectively in line with its mission. Donors are encouraged to contact ChronoWallet with any questions regarding this policy before making a contribution.