The Ukrainian government announced that it will airdrop donated cryptocurrencies to the nation’s official wallet. Companies, non-governmental organizations, and individuals have already contributed more than $30 million in digital assets to the country in the midst of its ongoing war with Russia.
Ukraine has a date for its Crypto Airdrop
A few days after the launch of Russia’s “special military operation”, Ukraine began accepting cryptocurrencies as a means of donation. Yesterday (March 1), Polkadot founder Gavin Wood placed his name among contributors by donating over $5 million from DOT. Officials said they are “forever grateful” to him, hinting at a possible airdrop in the near future.
Today (March 2), Ukraine’s governing body assured that such a distribution will occur on March 3. He also reported that Mykhailo Fedorov (the nation’s deputy prime minister) will give more details about the initiative.
Airdrop confirmed. The snapshot will be taken tomorrow, March 3, at 6 pm Kiev time (UTC/GMT +2 hours).
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— Ukraine / Україна (@Ukraine) March 2, 2022
A crypto airdrop is an event where an organization releases free tokens to members of its community, usually for promotional purposes. The measure aims to encourage the adoption of those assets.
This is not the first time that a country has carried out an airdrop for its citizens. Last summer, the Salvadoran government distributed $30 worth of bitcoins to every adult who signed up for the program as the nation prepared to adopt the leading digital asset as legal tender.
Nonetheless, Ukraine’s effort will mark the first time a country has launched a cumulative airdrop for cryptocurrency donations.
Since authorities have been accepting contributions in Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), and Tether (USDT), it is unclear which assets will be distributed.
The crypto community that helps defend Ukraine
In recent days, Ukraine has gained strong support from organizations and individuals that are part of the crypto space.
Binance, for example, donated $10 million to the country. However, the world’s largest digital asset exchange said it will not stop servicing Russian accounts. The company argued that “cryptocurrencies are meant to bring greater financial freedom,” and such an initiative would run counter to its principles.
It is worth noting that many anonymous people also donated large amounts of crypto assets to Ukraine. One of those mysterious contributors sent 80 BTC to Come Back Alive, a charity that supports the Ukrainian military with equipment. At the time of the donation, it was worth more than $3 million.
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