In order to provide some much-needed relief to its citizens, the government in Ukraine had launched two crypto addresses. One for Bitcoin and one for Ethereum, Ukraine’s government had launched them to accept crypto donations. Moreover, the government received over $37 million in crypto donations. The government of Ukraine is aiming to conduct an ‘airdrop’ to donors, providing them crypto.
Basically, an airdrop involves crypto projects sending free tokens to masses of investors and crypto communities. This is in order to encourage crypto adoption. Previously, countries like El Salvador have donated Bitcoin airdrops to their citizens. Now, Ukraine is planning to follow the suit as well.
With time, the government in Ukraine is also planning to request the world for donations in Polkadot as well. After an overwhelming response of donations in the form of Bitcoin and Ethereum, the Ukraine government is expecting a similar response in Polkadot Network.
Besides this, various artists have pledged to donate the profits from their NFT sales to support the Ukrainian relief efforts. Also, several NFT initiatives are on the same path as well, aiming to support relief efforts in the distressed country.
One of the largest relief campaigns currently operating in Ukraine saw a host of leading figures from the crypto space together organizing the NFT collection with funds going to Ukraine.
According to reports, the Polkadot address accepting donations has now surpassed over US$5.8 million It is expected that the number will poise quite considerably, similar to the previous two cryptocurrencies.