Ukraine Confirms Airdrop After Receiveing Over $30M Worth of Crypto Donations

The government of Ukraine has announced that it will drop cryptocurrencies donated to its official wallet. During the ongoing war against Russia, companies, individuals, and non-governmental organizations have already donated more than $30 million in digital assets to Ukraine.

Ukraine has a date for its Crypto Airdrop

Just a few days after Russia launched its “special military operation”, Ukraine began accepting cryptocurrency donations. Yesterday, March 1, Polkadot founder Gavin Wood donated $5 million worth DOT. Authorities said that they were “forever grateful” for him and hint at an airdrop in the future.

Today, March 2, Ukraine’s ruling body stated that the distribution would take place on March 3. It also stated that Mykhailo Fedorov, Vice PM of the Nation, will provide more information about the initiative.

Airdrop confirmed. Snapshot will take place tomorrow at 6 pm Kyiv (UTC/GMT +2 hour). You will receive a reward! Follow @FedorovMykhailo for more news about Ukraine’s crypto donation campaign

Ukraine / Ukrayina, March 2, 2022

A crypto airdrop is a promotion where an organization gives away tokens to its community. This is done to encourage adoption of these assets.

This isn’t the first time that a country has held an airdrop for its citizens. As the country was getting ready to adopt the digital currency as legal tender, the El Salvador government distributed $30 worth bitcoin to all participants.

However, Ukraine’s effort will be the first country to launch an airdrop financed by cryptocurrency donations.

It is unclear how assets will be distributed, despite the fact that authorities have accepted contributions in Bitcoin (BTC), Ethereum(ETH), Polkadot/DOT) and Tether (USDT).

The Crypto Community Aids Ukraine’s Defense

Ukraine has received solid support over the past few days from individuals and organizations within the crypto space.

Binance donated $10 million to the nation, for example. The world’s biggest digital asset exchange has stated that it will continue to service Russian accounts. According to the company, “crypto” is intended to give greater financial freedom and that such an initiative would be contrary to its principles.

It is interesting to note that large sums of crypto assets were also donated by anonymous individuals to Ukraine. One anonymous contributor sent 80 BTC for Come Back Alive, a charity that supports the Ukrainian army with equipment. It was more than $3million at the time.

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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