Ukraine Cancels Historic Airdrop to Aid Embattled Citizens and Opts for NFTs
Ukraine has announced an airdrop for crypto users who donate funds towards its defense efforts.
By: yyctrader • Loading...
DeFi
No sooner had the Ukrainian government unveiled an unprecedented airdrop to fund aid for its embattled citizens than the plan was scrapped in favor of utilizing NFTs to raise much-needed cash.
In a tweet Thursday, Mykhailo Fedorov, the vice minister of Ukraine, said the airdrop was cancelled. “Every day there are more and more people willing to help Ukraine to fight back the aggression,” he said. “Instead, we will announce NFTs to support Ukrainian Armed Forces soon. We DO NOT HAVE any plans to issue any fungible tokens.”
The about face comes as a number of blockchain-based projects are scrambling to use cryptocurrencies and applications to speed aid to Ukrainians besieged by the Russian invasion ordered by President Vladimir Putin last week. Polkadot and Tron have jockeyed to get Ukrainian leaders to accept their tokens as aid. A project called UkraineDAO rapidly raised $7M as part of the effort.
UkraineDAO Raises $7M and Builds Global Network of Supporters, Says Co-Founder Alona
UkraineDAO Raises $7M and Builds Global Network of Supporters, Says Co-Founder Alona
Alona, a co-founder of UkraineDAO, told The Defiant the group is rapidly building a global network of supporters for the embattled nation.
The Defiant
CoinDesk reported that the airdrop may have been spoofed before its launch.
T
When the Ukrainian government announced the airdrop, Tron founder Justin Sun was chastised for tweets complaining about his project’s exclusion.
Crypto Twitter was quickly on the scene.
$35M Raised
Ukraine started accepting cryptocurrency donations on Feb. 26 and has raised over $35M so far. News of the airdrop has kicked off a fresh wave of donations, according to a Dune Analytics dashboard.
While it remains unclear what form a potential airdrop will take or what its purpose will be, the announcement seems to have mobilized donations and boosted awareness of the campaign.
The snapshot for the airdrop will be taken at 4PM UTC on March 3.
The official donation addresses can be found below:
Bitcoin: 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P
Ethereum: 0x165CD37b4C644C2921454429E7F9358d18A45e14
Polkadot: 1x8aa2N2Ar9SQweJv9vsuZn3WYDHu7gMQu1RePjZuBe33Hv
Tron USDT: TEFccmfQ38cZS1DTZVhsxKVDckA8Y6VfCy
Advertisement
Get the best of The Defiant directly in your inbox 💌
Know what matters in Web3 with The Defiant Daily newsletter, every weekday
90k+ investors informed every day. Unsubscribe anytime.