Accordingly, customers suggested to contribute $48 million electronic money to wallet addresses of the Government of Ukraine (about 24% of the target of 200 million USD). Ukraine’s Ministry of Digital Transformation says the government accepts donations in Bitcoin (BTC), Ether (ETH), Tether (USDT), Polkadot (DOT), Solana (SOL), Dogecoin (DOGE), Monero ( XMR ), Icon (ICX ) and Neo ( NEO ) “to assist the people in their fight for freedom.”
This cash will be sent to the National Bank of Ukraine to obtain necessities and ammunition to help Ukraine’s armed forces and humanitarian plans. Fiat donations to the National Bank of Ukraine in many currencies will also be accepted.
As Solana Labs Co-Founder Anatoly Yakovenko mentioned: “Aid For Ukraine shows how well the global crypto community and the traditional financial system can work together. Cryptocurrency contributions to the DAO are stored and managed on-chain, then transferred to FTX, a centralized exchange, for sale for USD fiat and then sent via SWIFT to the Ukrainian government.”
Since Russia attacked Ukraine, quite a few crypto organizations have announced that they will donate to the nation. Kraken side has committed to distribute one,000 bucks for just about every consumer who developed an account in the nation by March 9, when Bored Ape Yacht Club mentioned it would donate one million bucks in ETH. As of 9/three, the wallets of the Government of Ukraine have obtained extra than 108 million USD.
