Ukraine Crypto Donations Exceed USD 63M
In a robust sign of support to Ukraine amid the country’s invasion by Russia, the global crypto industry has donated in excess of USD 63.25m as of today, with donations made in bitcoin (BTC), ethereum (ETH), and a number of other cryptos.
Data from blockchain ecosystem security firm SlowMist indicates the largest share of crypto donations was allocated to the Ukrainian government, with a total of USD 38.5m.
It is followed by the country’s Come Back Alive non-governmental organization which supports the country’s military in its fight against the Russian invaders, at USD 14.9m worth of crypto, Ukraine decentralized autonomous organization (DAO), at USD 6.4m, the Ukraine-focused Unchain fund, with USD 2.1m, and relief organization AidForUkraine, at USD 1.4m.
Among others, about BTC 589, or some USD 24.5m, have been donated to the cause so far, complemented by donations in ETH, but also other coins such as tron (TRX), tether (USDT), dogecoin (DOGE), and polkadot (DOT), among others.
In the search for donations from the cryptosphere, Ukrainian organizations are also reaching out to non-fungible token (NFT) collectors, as demonstrated by a recent successful initiative by Ukraine DAO. A total of ETH 2,258, which translates into about USD 6.4m, was collected by supporters of the Ukrainian flag NFT.
In one notable example, the DAO received close to USD 1.4m worth of crypto from a subscription-based social media platform perhaps best known for its adult content.
“One of the craziest things about Ukraine_DAO - OnlyFans sent us 500 ETH. In one transaction,” tweeted Alona Shevchenko a UK-based Ukrainian activist behind the DAO.
Another charitable not-for-profit crypto initiative for the Ukrainians who are affected by the war, UkrainianPoo
Read more on cryptonews.com
