2 years ago
Having already raised millions of dollars successful large cryptocurrencies similar bitcoin, Ukraine is present receiving donations successful polkadot arsenic well. The state intends to grow the database of accepted coins arsenic it progressively relies connected assistance from the crypto assemblage to money its defence against Russia.
Ukraine Posts DOT Address, Receives First Polkadot Donations
In the look of an ongoing subject battle by the Russian army, Ukrainians person offered crypto users astir the satellite different enactment to enactment their cause. Early connected Tuesday, the Ukraine Twitter relationship published a DOT code on with a connection welcoming polkadot donations.
The station expresses gratitude connected behalf of the Ukrainian radical for the funds donated by the planetary crypto community. It besides reveals that enactment for much cryptocurrencies volition beryllium introduced successful the adjacent future.
The radical of Ukraine are grateful for the enactment and donations from the planetary crypto assemblage arsenic we support our freedom. We are present accepting Polkadot donations too: $DOT: 1x8aa2N2Ar9SQweJv9vsuZn3WYDHu7gMQu1RePjZuBe33Hv.
More cryptocurrencies to beryllium accepted soon.
— Ukraine / Україна (@Ukraine) March 1, 2022
The announcement comes aft Gavin Wood, co-founder of Ethereum and creator of Polkadot, tweeted connected Sunday that if Ukraine provided a DOT address, helium would nonstop $5 cardinal successful the cryptocurrency. At the clip of writing, implicit $200,000 successful polkadot has been received already.
If you station a DOT code I’ll personally lend $5m.
— Gavin Wood (@gavofyork) February 27, 2022
Ukraine has truthful acold collected astir $40 cardinal successful large integer currencies specified arsenic bitcoin (BTC), ether (ETH), and the stablecoin tether (USDT). Besides authorities successful Kyiv, non-government organizations supporting the Ukrainian military, specified arsenic “Come Back Alive,” are besides among the recipients of the crypto aid.
There person been calls for Ukraine to commencement accepting different cryptocurrencies, including the privacy-oriented monero (XMR), the crypto quality outlet Forklog noted successful a report. In a tweet pursuing the polkadot announcement, the laminitis of Tron, Justin Sun, besides pledged to lend $1 million, if the Ukrainians station a TRX address.
While actively seeking to concern its defence and humanitarian efforts done cryptocurrency, the authorities successful Kyiv has been urging the crypto manufacture to chopped Russia’s entree to the space. On Sunday, Ukraine’s Deputy Prime Minister Mykhailo Fedorov asked each large crypto exchanges to artifact addresses of Russian users. However, starring trading platforms similar Binance and Kraken person truthful acold refused.
A time earlier, Fedorov, who is besides Ukraine’s curate of integer transformation, tweeted that the section crypto assemblage is consenting to reward those who scope retired with accusation astir crypto wallets utilized by Russian and Belarusian politicians.
As Russia is being isolated from the planetary fiscal strategy done waves of occidental sanctions, including the expulsion of immoderate Russian banks from SWIFT, concerns person accrued that Moscow whitethorn crook to cryptocurrency arsenic an instrumentality to circumvent the imposed restrictions.
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Do you expect crypto donations for Ukraine to summation arsenic the state introduces caller currency options? Tell america successful the comments conception below.
Lubomir Tassev
Lubomir Tassev is simply a writer from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, alternatively than what I do.” Besides crypto, blockchain and fintech, planetary authorities and economics are 2 different sources of inspiration.
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