Ukraine To Airdrop New Crypto Asset to Supporters As Bitcoin, Polkadot, and Ethereum Donations Top $50,000,000


Ukraine is gearing up to airdrop a new crypto asset to its donors as Russia continues its invasion of the Eastern European nation.

According to Ukraine’s official Twitter account, the snapshot for the airdrop will occur tomorrow and will reward those who supported the country’s defense effort against Russia with a digital asset that hasn’t yet been revealed.

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Ukraine has received millions of dollars worth of crypto assets since facing a Russian offensive last month. Donations have been led by top crypto by market cap Bitcoin (BTC), leading smart contract platform Ethereum (ETH), its rival Polkadot (DOT) and others.

Nearly $51 million worth of cryptocurrency donations have been sent to the Ukrainian government thus far, according to blockchain security firm SlowMist.

Recently, co-founder of Polkadot and its canary network Kusama (KSM) Gavin Wood joined a long list of crypto exchange executives helping out the troubled nation as he handed them $5 million worth of DOT.

“The people of Ukraine fighting for our freedom are forever grateful to Gavin Wood for the generous donation of $5 million of DOT as promised publicly. Thank you from all of us here in Ukraine working for a peaceful future.”

The world’s largest crypto exchange platform joined in on the humanitarian relief efforts as it also donated millions of dollars to the war-torn country. Binance said it would give $10 million in charitable contributions to those displaced by Russia’s aggression.

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The platform also launched a crowdfunding effort that raised millions of dollars of support in crypto assets for Ukrainians.

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Featured Image: Shutterstock/Sabura/Natalia Siiatovskaia

 




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