Dogecoin community donates $53K to Ukraine as country hints at upcoming airdrop
"Dogecoin, itself, is generally used for small transactions, but we are a caring and passionate bunch,” said Billy Markus, who said he sent funds to Ukraine. With the price of the meme-based token Dogecoin (DOGE) higher than that of the Russian ruble, Ukraine opened to DOGE donations for the first time. Ukraine's Minister of Digital Transformation Mikhail Fedorov announced on Wednesday that the token had “exceeded Russian ruble in value” — though the ruble has dropped significantly against the U.S. dollar in the wake of U.S. and EU sanctions, its price has been lower than DOGE’s since....
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Via his official Twitter account, the Vice Prime Minister of Ukraine and Minister of Digital Transformation Mykhailo Fedorov announced the country will begin accepting DOGE for donations. Currently, in an armed conflict against the Russian Federation, the country has asked for support from the international community. Related Reading | Pandemic, Elon Musk, Squid game and […]
Ukraine has received nearly $40 million in crypto donations, out of which almost $7 million came after the announcement of the now-canceled airdrop. The vice prime minister of Ukraine informed the public on Wednesday that they have decided to cancel the airdrop for crypto donors that was announced on Tuesday and plans to raise more money through the sale of nonfungible tokens (NFTs) instead.After careful consideration we decided to cancel airdrop. Every day there are more and more people willing to help Ukraine to fight back the agression. Instead, we will announce NFTs to support....
On March 8, the team behind the Bored Ape Yacht Club (BAYC) donated $1 million in ethereum to the Ukraine government’s ether wallet. The BAYC team donated the funds in order to match BAYC community members that raised nearly $1 million in donations to Ukraine as well.
BAYC Matches Community Donations, Sends $1 Million in Ether to Ukraine Government’s Ethereum Wallet
At the time of writing, statistics stemming from seven different crypto donation programs indicate that $40.58 million worth of Ethereum-based digital assets have been donated to Ukraine. The Ukraine....
No official public announcement was made regarding the large sum donation. As told by Aid for Ukraine, a joint initiative created by the Ukrainian government, FTX, Everstake and Kuna to rally crypto donations for the country, Ethereum (ETH) co-founder Vitalik Buterin made $5 million worth of ETH donations to Ukraine in early April. According to the entity, despite the large donation sum, Buterin did not make an announcement regarding the transaction. It was eventually linked to him via the Ethereum Name Service domain name "vitalik.eth," which served as the origin of the....
This week, another airdrop controversy has sent the crypto community into havoc. Omnichain interoperability protocol LayerZero recently announced its ZRO Token launch alongside an Airdrop for its community. Related Reading: Trump-Inspired Memecoins Crash 30% After Rumors Of Trump’s Official Token Launch However, investors were shocked when the protocol announced the new ‘Proof-of-Donation’ mechanism. The token’s price has dropped over 20% after launching. LayerZero Faces Backlash For Token Airdrop On June 14, the LayerZero Foundation took X to tease an upcoming airdrop. That day, Bryan....