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Ukraine Asks for Polkadot Donations, Hints at Airdrop

Ukraine Asks for Polkadot Donations, Hints at Airdrop

Key Takeaways

  • Ukraine has posted a request for Polkadot donations and stated it would quickly settle for different cryptocurrencies. The federal government has already obtained $17 million in crypto to defend itself towards Russia’s assault.
  • Ukraine added that “an airdrop has not been confirmed but.”
  • The crypto group has raised tens of millions of {dollars} for Ukraine over the previous few days throughout numerous fundraising initiatives.

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Polkadot’s Gavin Wooden pledged to donate $5 million value of DOT over the weekend. 

Ukraine Now Accepting Polkadot Donations 

Ukraine isn’t simply in search of Bitcoin, Ethereum, and Tether to fund its protection towards Russia—the federal government is now accepting Polkadot donations too. 

Ukraine’s official Twitter account posted an update on its crypto campaign Tuesday with a hyperlink to a Polkadot deal with. “The individuals of Ukraine are grateful for the assist and donations from the worldwide crypto group as we shield our freedom. We are actually accepting Polkadot donations too,” the put up learn. The account additionally confirmed that it could quickly settle for different cryptocurrency donations. Subscan data exhibits that the deal with has obtained 11,372 DOT value about $214,035 at press time. 

The replace comes after Polkadot creator Gavin Wooden posted a tweet in response to Ukraine’s latest plea for Bitcoin and Ethereum donations. “For those who put up a DOT deal with I’ll personally contribute $5m,” he wrote Sunday, prompting a backlash from many crypto fans, who accused him of indulging in self-promotion. Ukraine shocked the crypto world Saturday when it announced that it was accepting cryptocurrency donations with a hyperlink to a Bitcoin and Ethereum deal with. Donations flooded in quickly after. By the tip of the weekend, the addresses had obtained over $10 million, most of it in Ethereum’s ETH foreign money. Now, the federal government has obtained nearer to $17 million in crypto property throughout the Bitcoin, Ethereum, and TRON networks (TRON’s Justin Solar rushed to hitch in with the fundraising efforts following Ukraine’s Saturday put up). 

Apparently, Ukraine posted a cryptic follow-up tweet to its preliminary request for DOT tokens, hinting at a attainable airdrop. “An airdrop has not been confirmed but,” the message learn. Three Arrows Capital co-founder Su Zhu responded by suggesting that the nation could possibly be making ready to drop crypto tokens to its residents, just like how El Salvador airdropped $30 in Bitcoin to Salvadorans after it made Bitcoin authorized tender final yr. “Making historical past right here if it does find yourself occurring, the primary creation of digitally native nationwide worth,” he wrote. Crypto Briefing reached out to the Ministry of Digital Transformation of Ukraine to ask for additional particulars on its plans however had not obtained a response at press time. 

The cryptocurrency group has rallied to assist Ukraine after Vladimir Putin ordered a Russian navy strike final week. Knowledge compiled by Slowmist says that round $34.5 million has been donated to the federal government and different fundraisers, and that doesn’t issue for the assorted NFT initiatives which have been launched over the previous few days. Numerous NFT artists have pledged to donate earnings from their gross sales to Ukrainian aid efforts, whereas the RELI3F campaign noticed a number of the house’s main figures get collectively to prepare an NFT assortment with funds going to Ukraine. It bought out in 30 seconds early Saturday, elevating $1 million within the course of. 

Disclosure: On the time of writing, the writer of this characteristic owned ETH and several other different cryptocurrencies. 

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