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March 04, 2022

Ukraine Leverages Crypto

Ukraine was invaded by Russia last week and is currently fighting to defend its sovereignty and freedom from an oppressive regime invading from the East. Ukraine has been creative in leveraging crypto rails to reach out to the world and raise resources for its war effort. On February 26th, the official Twitter account tweeted that they are accepting donations of BTC/ETH to help raise funds to support the country and its people. The country has raised more than $50M.

The country also had some fun announcing an airdrop, now canceled, but they really know what appeals to crypto folk as the contributions spiked after the announcement. With news that the airdrop was canceled - first sovereign country rug pull?!? Jokes aside, here is a use case of crypto where capital can reach those in need without unnecessary friction / roadblocks. If you would like to donate to the cause, see official address links below from their original tweet:

Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT.

BTC - 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P

ETH and USDT (ERC-20) - 0x165CD37b4C644C2921454429E7F9358d18A45e14

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