Ukraine has increased the number of cryptocurrencies accepted for military donations
Ukraine has increased the number of cryptocurrencies accepted for military donations amid the ongoing conflict with Russia. According to Ukraine’s Deputy Prime Minister Mykhailo Fedorov, people can contribute to Dogecoin as a charity. Dogecoin is a cryptocurrency that started out as a joke and has slowly gained traction, often referred to as “memecoin”. In his tweet, Mr. Fedorov said that Dogecoin had exceeded the Russian ruble in value, adding that “now, even the meme can support our military and save lives from Russian invaders.” Is”.
@dogecoin In value more than the Russian ruble. We start accepting donations in Meme Coins. Now meme can also support our army and save life from Russian invaders. $DOGE master of the world, @Elon Musk, @billym2k, Let’s do it. Officer $DOGE Wallet: DS76K9uJJzQjCFvAbpPGtFerp1qkJoeLwL
— Mykhailo Fedorov (@FedorovMykhailo) 2 March 2022
Many cryptocurrency holders are extending a helping hand to Ukraine. This is a step to empower them to fight against the invasion and help the civilians in this difficult time. Crypto donations are coming from every possible corner of the world. These donations will be used by the Ukrainian government in need.
Until now, Ukraine was only accepting cryptocurrencies such as Bitcoin, Ethereum, Tether, Solana, and Polkadot. Anticipating the attacks to be more brutal, Ukraine has now increased the number of cryptocurrencies accepted for donations.
Uniswap, a cryptocurrency exchange, has also developed a feature that enables users to convert any Ethereum-based digital currency into Ether and send it to the Ukrainian government.
1/ To ensure that everyone who wants to donate ERC-20 tokens to the Ukrainian government ???????? To do this, we have created an interface that swaps any token for ETH and then sends it directly to the Ukrainian government in a single transaction.https://t.co/3zuJLpmWNQhttps://t.co/Fg3HSdbNSF
— Uniswap Labs ????? (@uniswap) 1 March 2022
The Ukrainian government also announced an airdrop for March 3, but canceled it about 29 hours after the initial announcement. Mr. Fedorov tweeted, “After careful consideration, we made the decision to cancel the airdrop. Every day more and more people are ready to help Ukraine fight aggression. Instead, we will soon join the Ukrainian Armed Forces.” Will announce NFTs to support.
After careful consideration, we have decided to cancel the airdrop. Every day more and more people are ready to help Ukraine fight aggression. Instead, we will soon announce NFTs to support the Ukrainian Armed Forces. We have no plans to issue any alternative tokens
— Mykhailo Fedorov (@FedorovMykhailo) 3 March 2022
Non-fungible tokens, or NFTs, are a kind of asset that is verified and monitored using blockchain technology, such as a piece of digital art. In addition to cryptocurrency donations, the Ukrainian government has also received hundreds of NFTs, including a valuable Cryptopunk.
Ukraine has already spent $15 million in cryptocurrency donations on military gear, including protective vests, a bloomberg report good. The report also noted that most donations were made in bitcoin and ether.