In a tweet posted on February 16, 2022, the Ukrainian government announced that it had started accepting cryptocurrency donations to fight Russian forces. Ever since, donations in cryptocurrencies like Bitcoin, PolkaDot and Ethereum are flooding into Ukraine. This article will explain how to donate to the Ukraine crypto fund.
What is the Ukraine Crypto Fund?
For those who are not aware of the Ukraine crypto fund, it is a fund established by the Ukrainian government to fight Russian aggression. As of March 3, it has been estimated that the fund has accumulated more than $54 million worth of cryptocurrencies.
In addition to cryptocurrency donations, the Ukrainian government has also received NFTs, including a highly sought-after CryptoPunk NFT worth over $200,000.
According to Ukraine’s Kuna Exchange founder Michael Chobanian, $14 million worth of the donations had already been used. He told CoinDesk on Tuesday, that the funds have gone to Ukraine's military and special forces to help purchase equipment, food and gas.
The Ukrainian government is also planning to unveil NFTs to support its armed forces. "We will announce NFTs to support Ukrainian Armed Forces soon," vice-prime minister Mykhailo Fedorov said in a tweet.
How to Donate to Ukraine Crypto?
There are more and more people willing to help Ukraine fight back the aggression every single day. If you like to help Ukraine by donating crypto, here is how to do it:
- On your crypto trading app/site, tap on the Send/Receive button.
- In the Send tab, select the coin you like to transfer as the Pay With option.
- Enter the amount of crypto you like to transfer and paste the address mentioned in the official tweet in the To field.
- Once you are done, hit Continue.
The government is now accepting PolkaDot and have plans to accept more cryptocurrencies soon. Follow the Twitter thread to get the latest information on this.
For more articles like this, take a look at our Crypto page.