Analysis

Ukraine Asks for Polkadot Donations, Hints at Airdrop

Key Takeaways

  • Ukraine has posted a request for Polkadot donations and mentioned it’ll quickly settle for different cryptocurrencies. The federal government has already acquired $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 price of DOT over the weekend. 

Ukraine Now Accepting Polkadot Donations 

Ukraine isn’t simply on the lookout for 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 help and donations from the worldwide crypto group as we defend our freedom. We are actually accepting Polkadot donations too,” the put up learn. The account additionally confirmed that it will quickly settle for different cryptocurrency donations. Subscan data exhibits that the deal with has acquired 11,372 DOT price about $214,035 at press time. 

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The replace comes after Polkadot creator Gavin Wooden posted a tweet in response to Ukraine’s latest plea for Bitcoin and Ethereum donations. “If you happen to put up a DOT deal with I’ll personally contribute $5m,” he wrote Sunday, prompting a backlash from many crypto lovers, 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 top of the weekend, the addresses had acquired over $10 million, most of it in Ethereum’s ETH foreign money. Now, the federal government has acquired nearer to $17 million in crypto belongings throughout the Bitcoin, Ethereum, and TRON networks (TRON’s Justin Solar rushed to affix in with the fundraising efforts following Ukraine’s Saturday put up). 

Curiously, 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 might be getting 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 12 months. “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 acquired a response at press time. 

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The cryptocurrency group has rallied to help Ukraine after Vladimir Putin ordered a Russian army strike final week. Information 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 varied NFT initiatives which have been launched over the previous few days. Numerous NFT artists have pledged to donate income from their gross sales to Ukrainian aid efforts, whereas the RELI3F campaign noticed a bunch of the area’s main figures get collectively to arrange an NFT assortment with funds going to Ukraine. It bought out in 30 seconds early Saturday, elevating $1 million within the course of. 

16:53 UTC replace: The Polkadot deal with accepting donations has now acquired $5.8 million. One pockets sent 298,367 DOT price $5.5 million in a single transaction.

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

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