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You are here: Home / News / ICP Founder Plans a $250M Fund to Help Ukraine Stop the War
ICP Founder Plans a $250M Fund to Help Ukraine Stop the War

ICP Founder Plans a $250M Fund to Help Ukraine Stop the War

March 17, 2022 by Vignesh Karunanidhi

Dominic Williams, the creator of Internet Computer (ICP) and DFINITY, has a $250 million plan and a new concept to stop the Ukraine war. He’s added smart contracts and cryptocurrency awards to the mix to encourage Russians to pressure their government to end the conflict.

He went on to say that the majority of Russian residents are oblivious of the situation in Ukraine and that they need to become more aware of what is going on there.

Personal proposal to hasten the end of the attack on Ukraine using smart contracts and $250m in bitcoin and ether.https://t.co/0u14ixop3Z

— dom.icp ∞ (@dominic_w) March 15, 2022

Dominic’s strategy

Dominic believes that US sanctions alone will not be sufficient to persuade Russia to end its invasion of Ukraine. The media in the nation is likewise censored, and as a result, the population is only fed propaganda.

As a result, ICP creator aims to leverage smart contracts and blockchain to make Russian residents consume more helpful news about the issue. Virtual reality parties will be held where people may gather to watch the news.

People may use a video to authenticate their attendance at such a gathering, and they will be recognized by a smart contract, which will prevent them from claiming incentives more than once.

The smart contract will create a new cryptocurrency account for everyone, which they will be able to access afterward.

They will also get incentives into their accounts which will be roughly worth $50 per person considering the total funding of $250 million. This implies Dominic expects approximately 5 million people to watch the video.

“The live-streamed video will reveal the truth about the conflict in Ukraine and urge Russians to put pressure on their government to end the fighting.” It should be up to competent filmmakers to figure out how to produce such a video. “A non-watermarked version of the video should be made accessible for download so that the receiver can show it to others,” ICP’s William stated.

The plan is contingent on several factors, the most essential of which being that the internet remains operational without intervention from the Russian government to carry out such a massive undertaking.

According to Twitter responses, officials in Moscow are considering unplugging the nation from the internet.

Filed Under: News, World Tagged With: ICP, internet computer, Ukraine

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