Users have sent more than $48 million USD in crypto to government wallet addresses, roughly 24% of the platform’s $200 million goal.
Crypto exchanges FTX and Kuna and staking platform Everstake have partnered with Ukrainian administration to launch a donation web site for users desire to send crypto to assist the country and its folks.
In a Monday announcement, Ukraine’s Ministry of Digital Transformation aforementioned the govt. had launched Aid for Ukraine, a platform that accepts donations in Bitcoin (BTC), Ether (ETH), Tether (USDT), Polkadot (DOT), Solana (SOL), Dogecoin (DOGE), Monero (XMR), Icon (ICX), and modern (NEO) “to support folks in their fight for freedom.” several elements of the country are under fire by Russia’s military since February. 24.
According to the web site, users have sent quite $48 million in crypto at the time of publication, roughly pure gold of the platform’s $200 million goal. The funds are going to be sent to the full service bank of Ukraine and used for “ammunition and necessities” to support the country’s militia and humanitarian aid programs. rescript donations to Ukraine’s financial institution in varied currencies are accepted.
“Aid For Ukraine shows however the worldwide crypto community and also the ancient financial set-up will work along,” aforementioned Solana Labs co-founder Anatoly Yakovenko. “Crypto donations to the DAO square measure keep and ruled on-chain, then transferred to FTX, a centralized exchange, to be oversubscribed for rescript USD sent via SWIFT to the Ukrainian government.”
The platform consolidated the list of case addresses previously provided by the Ukrainian government using its Twitter account. However, since Russia’s invasion of Ukraine, some crypto companies have also announced they'd be donating to Ukraine. Kraken pledged to distribute $1,000 to every user who created an account within the country before March 9, whereas the Bored Ape yacht club said it'd match a $1 million donation in ETH.
( Turner Wright, Cointelegraph, 2022 )