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Ukraine Says 'Airdrop Confirmed’ After Receiving $33M in Crypto Donations
It’s the first time a country will conduct an airdrop for donations.
Ukraine will conduct an airdrop to donors who have contributed money to its official crypto addresses, the country said on Wednesday through its official Twitter account.
- “Airdrop confirmed. Snapshot will be taken tomorrow, on March 3rd, at 6 pm Kyiv time (UTC/GMT +2 hours). Reward to follow!,” the tweet read.
Airdrop confirmed. Snapshot will be taken tomorrow, on March 3rd, at 6pm Kyiv time (UTC/GMT +2 hours).
— Ukraine / Україна (@Ukraine) March 2, 2022
Reward to follow!
Follow subsequent news re Ukraine’s crypto donation campaign at @FedorovMykhailo
STORY CONTINUES BELOW
- Airdrops involve crypto projects sending free tokens en masse to their communities in a bid to encourage adoption. El Salvador previously air-dropped $30 worth of bitcoin to each of its citizens last year. The airdrop on Thursday, however, would mark the first time a nation conducts an airdrop for crypto donations. It wasn't clear which token Ukraine plans to air-drop.
- Ukraine started accepting cryptocurrencies as means of donation on Feb. 26 as Russian troops entered Ukrainian territory in a “special military operation.” The country is accepting donations in bitcoin, ether, USDT and Polkadot’s DOT tokens.
- The country has received $33 million in crypto donations so far, as reported.
UPDATE (March 2, 09:01 UTC): Changes lead image.
Shaurya Malwa
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
