Ukraine has boosted the number of digital currencies it takes from donors, particularly those in the cryptocurrency ecosystem, as the Russia-Ukraine conflict continues.
Ukraine’s Vice Prime Minister is Mykhailo Fedorov. Holders of Dogecoin (DOGE) can now donate to the memecoin’s address, which he published via Twitter.
The country is still fighting to be free of the Russian invasion that began on February 26. A total of $35 million donations came from a variety of well-wishers. The increased allowance announced with the launch of Dogecoin. On the other hand, it will go a long way toward attracting more donations to the nearly war-torn country.
In a tweet, Mykhailo stated that the value of Dogecoin has surpassed that of the Russian currency. They’ve started accepting meme coin donations. Even meme can now help their army fight Russian invaders and save lives. Elon Musk and Billy Markus were among the people he tagged. In order to help the message acquire traction, Billy Markus, the founder of Dogecoin, took to Twitter.
In a previous tweet, Mykhailo stated that the Crypto community continues to support Ukraine. He is appreciative to Gavin Wood of @Polkadot $DOT, who made a generous donation of $5 million.
This will undoubtedly aid in the victory of the Ukrainian people as well as civil society. They’ll win because we have the best people with us.
Polkadot Donations to Ukraine
Aside from Dogecoin, a number other blockchain protocols have also contributed to the relief operations in Ukraine, as well as to the army’s support. Gavin Wood founded Polkadot blockchain In DOT tokens, he contributed $5 million to the Ukrainian government. It was a move that Mykhailo applauded.
After the Russian Army Invasion, Ukraine expands its crypto donation scheme to over $30 million by accepting Polkadot’s DOTs.
The Ukrainian government has agreed to accept DOT as payment for Polkadot, the 11th-largest cryptocurrency by market capitalization. Bitcoin, Ethereum, and the stablecoin Tether have all received previous cryptocurrency donations.
The government of Ukraine’s official Twitter account issued an Ethereum (ETH) and Bitcoin (BTC) address to which donations should be made. The entire public, particularly the crypto-savvy populace, has showed sympathy with Ukraine, according to Blockchain.com. Since the call, they’ve raised around $8.2 million in bitcoin and $7.1 million in ether.
These almost diverted for humanitarian assistance. The Ukrainian government has also stated that other tokens will be available in the near future, such as for receiving donations. Ukraine hinted about a prospective crypto airdrop – a giveaway of free tokens — on Twitter, but nothing has been confirmed.
Binance, Solana, and Uniswap are just a few of the protocols that have paved the way. This is where supporters of the Ukrainian government and people can exchange tokens native to these ecosystems to support the Ukrainian government and people.
