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HonestDeFi Inc

New York, NY · EIN 872710334 · Form 990EZ · FY2023 · NTEE T12 · Philanthropy & Grantmaking · Micro (<$100K) · deficon.nyc
revenue
expenses
$11K
net assets
$3K
employees
program ratio
92%
mission · from form 990

Elevate the ethos of Peer to peer Crypto

profile · synthesized from sources

DeFiCon is a nonprofit crypto conference held in Brooklyn, NY, focused on decentralized finance (DeFi), NFTs, and Web3. It brings together developers, investors, activists, and creators to discuss innovation in the crypto ecosystem. The event operates as a charity fundraiser, with proceeds donated to local registered charities and organizers taking no salary.

named programs · 2 · from sources

What they call their work

Charity Fundraiser
Event proceeds above costs are donated to local registered charities, with organizers receiving no salary
DeFiCon Conference
Annual nonprofit conference featuring panels and speeches on DeFi, NFTs, Web3, privacy, governance, and real-world assets, aimed at unifying and advancing the crypto community
activities · 3 groups

What they do

  • Professional Conference & Symposium Organization 1 activity
    • Organizes and hosts annual DeFiCon conference in New York
      Hosts an annual in-person event, DeFiCon, in New York focused on decentralized finance, NFTs, blockchain, and peer-to-peer cryptocurrency systems, featuring speakers from protocols, investing, activism, and development. The 2024 event is scheduled for March 30 in Brooklyn, and past events have included livestream sessions across multiple days and venues such as the Main Hall and Zone 1.
  • Event and Production Volunteer Coordination 1 activity
    • Organizes volunteer engagement during events
      Coordinates volunteer opportunities that require in-person participation during the DeFiCon event, supporting on-site operations and community involvement.
  • Uncategorized 3 activities
    • Advances peer-to-peer cryptocurrency principles through public programming
      Supports and promotes the principles of decentralized, peer-to-peer cryptocurrency systems as a core educational and advocacy focus of its annual conference and related activities.
    • Funds charitable initiatives through proceeds from event operations
      Directs all net proceeds from DeFiCon ticket sales and event operations to registered charities via a 501(c)(3) nonprofit organization, ensuring that the event functions as a nonprofit initiative.
    • Issues NFT-based event tickets for conference access
      Creates and distributes NFT tickets named "Evil Crab" to grant access to the DeFiCon conference, leveraging blockchain technology for event credentialing.
financials · form 990EZ · fy2023
revenue
Total revenue
Contributions & grants
Program service revenue
Investment income
Other revenue
expenses
Total expenses$11K
Program expenses92%
Admin / overhead8%
Fundraising0%
Salaries & benefits
Grants paid out
Largest expense lineCompensation
balance sheet
Total assets$3K
Cash$111K
Investments$0
Liabilities$0
Net assets$3K
Liquid reserves119.1 mo
3 years on record · 2021–2023
relationships · 12

Who they work with

  • AAVE Partner — Partner organization represented by speaker Stani Kulechov at the conference.
  • Chainlink Labs Partner — Partner organization represented by speaker Lauren Halstead at the conference.
  • Chaos Labs Partner — Partner organization represented by speaker Omer Goldberg at the conference.
  • DeFiCon Partner — Collaborates on a crypto conference event where ticket proceeds support a nonprofit.
  • GoodDollar Partner — Partner organization represented by speaker Anna Stone at the conference.
  • Injective Labs Partner — Partner organization represented by speakers Eric Chen and Mirza Udin at the conference.
  • Ripple Partner — Partner organization represented by speaker David Schwartz at the conference.
  • Telegram Partner — Uses Telegram as a communication and community engagement platform for DeFiCon.
  • Telegram Partner — Uses Telegram as a communication platform to connect with community members and volunteers.
  • Twitter Partner — Uses Twitter as a communication and outreach channel for DeFiCon.
  • YouTube Partner — Hosts recorded DeFiCon sessions on YouTube for public access and outreach.
  • a16z Partner — Partner organization represented by speaker Guy Wuollet at the conference.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Community-Driven Innovation Model
    methodology: community-driven-innovation
    By fostering inclusivity, creativity, and broad participation in decentralized finance communities, we elevate ethical standards and drive systemic innovation, because collective ownership and engagement produce more resilient and equitable technological development.
  • Nonprofit Conference Model for Public Good
    methodology: nonprofit-conference-model
    By operating a nonprofit, charity-directed conference model, we align incentives with community unity and ethical advancement rather than profit, because removing extractive financial motives fosters trust, participation, and reinvestment into the public good of the DeFi ecosystem.