LOGO_CRYPTO_SIGHT

Ukrainian Authority Released Crypto Donation Website Via New Partnerships

By | March 15, 2022

Crypto exchanges FTX and Kuna and staking platform Everstake have reportedly forged an alliance with the authority of Ukraine, in introducing  a donation website for users looking to offer help in crypto to the nation.

Specifically, Ukraine’s Ministry of Digital Transformation reportedly revealed on March 14th that the authority has introduced Aid for Ukraine – a platform dedicated to supporting crypto donations. 

The available digital coins the platform offering facilitating features reportedly include Bitcoin (BTC), Ether (ETH), Tether (USDT), Polkadot (DOT), Solana (SOL), Dogecoin (DOGE), Monero (XMR), Icon (ICX), and Neo (NEO) “to support people in their fight for freedom.”

Numerous areas throughout the nation have been attacked by Russia’s military since Feb. 24.

Per the web page, an overall figure of over $48 million in crypto have reportedly been transferred at the time of publication, equivalent to around 24% of the platform’s $200 million target. 

The funds will then be moved to the National Bank of Ukraine to be utilized for “ammunition and necessities”, to provide assistance to Ukraine’s armed forces and humanitarian aid programs. 

Fiat donations to Ukraine’s central bank in various currencies are also accepted.

“Aid For Ukraine shows how the global crypto community and the traditional financial system can work together. Crypto donations to the DAO are stored and governed on-chain, then transferred to FTX, a centralized exchange, to be sold for fiat USD sent via SWIFT to the Ukrainian government.” Solana Labs co-founder Anatoly Yakovenko additionally remarked regarding the development. 

The platform consolidated the list of wallet addresses initially provided by the Ukrainian government using its Twitter account. 

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