• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Ukraine guarantees airdrop post gathering of $33M crypto donations
ukraine

Ukraine guarantees airdrop post gathering of $33M crypto donations

March 2, 2022 by Aishwarya shashikumar

With its country under Russian siege, Ukraine enthralled crypto Twitter with the guarantee of an airdrop, a frequent incentive for early adopters of new coins and non-fungible tokens (NFTs).

Ukraine said on Wednesday, 2 March 2022, through its official Twitter account that it will execute an airdrop to donors who have donated millions to its official crypto addresses. The tweet read,

“Airdrop confirmed. Snapshot will be taken tomorrow, on March 3rd, at 6 pm Kyiv time (UTC/GMT +2 hours). Reward to follow!”

Screenshot 28

Airdrops include cryptocurrency projects that distribute free tokens to their community in order to stimulate acceptance. In 2021, El Salvador distributed $30 worth of bitcoin to its residents. The one announced for Thursday, on the other hand, would be the first time a country undertakes an airdrop in exchange for crypto donations.

On 26 February 2022, as Russian troops invaded Ukrainian territory in a “special military operation,” Ukraine began taking cryptocurrency as a form of donation. So far, donations in bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Polkadot (DOT) tokens have been accepted.

The latest donation made was the CryptoPunk NFT. With this NFT donation, the total cryptocurrency donations amounted to $33 million. On Tuesday, 1 March 2022, CryptoPunk #5364 was sent to Ukraine’s Ethereum wallet, putting a financially valuable and sought-after cap on a fundraising drive.

However, opinions on the Punk’s worth differ. When crypto tracking business Elliptic identified the contribution on late Tuesday, Tom Robinson of Elliptic estimated it to be worth roughly $200,000; DeepNFTvalue, a site that utilizes machine learning to evaluate prices for unusual NFTs, put it at $233,000.

Ukraine’s crypto airdrop contains uncertainties

It’s not really evident what “snapshot” meant or whether any rewards would come in the form of tokens, NFTs, or something else. An email to Ukraine’s ministry of digital transformation seeking more information on the airdrop was not instantly returned.

Furthermore, Ukraine’s government has been utilizing memes and other digital growth hacking actions to enhance awareness of its suffering and generate finances since Russia invaded last week, including an online campaign to “Send Putin to Jupiter” by purchasing virtual rocket parts for $2.99 each.

Ukraine started requested cryptocurrency donations on February 26 and has so far received more than $30 million. Simultaneously, it is generating far larger sums through more traditional finance methods such as military equipment.

Filed Under: News, Altcoin News, Bitcoin News, World Tagged With: Crypto Airdrops, Cryptocurrency, cryptocurrency donation, Ukraine

Primary Sidebar

Recent Posts

  • JPMorgan Begins Utilizing Blockchain for Collateral Settlements May 27, 2022
  • MetaMask Joins Hands With Asset Reality to Assist in Recovering Stolen Crypto May 27, 2022
  • Bitcoin knowledge, the biggest flex May 27, 2022
  • Fakesters use LUNA 2.0 airdrops to target users May 27, 2022
  • Tether-ing in Mexico May 27, 2022

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2022 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.