Ukraine's Vice President, Mykhailo Fedorov, recently tweeted that Dogecoin has been added to the country's list of crypto donations. "Now even meme can support our army and rescue lives from Russian invaders," he tweeted.
In his tweet, he also included the wallet address for $DOGE donations. Furthermore, the Vice President called on Elon Musk, the co-founder of
Dogecoin and a well-known billionaire joined the fight against Russian invaders. It was the Ukrainian government's most recent crypto-related step.
Elon Musk has been a loud and enthusiastic supporter of Dogecoin. As a result, Ukraine has attempted to take advantage of the situation. The President has already challenged Elon Musk to offer internet connectivity to all of Ukraine. Musk answered by asserting that Starlink's activities were operational throughout Ukraine.
Ukraine has started to accept dogecoin and other cryptocurrencies similar to Solana as donations toward its service as Russia’s irruption continues.
The Ukrainian government has raised$ 35 million, through further than cryptoasset donations since the launch of the Russian irruption, according to Elliptic, a blockchain analytics company.
Cryptocurrencies have come to a prominent point in the war between Russia and Ukraine.
Ukraine has expanded the number of cryptocurrencies it's accepting for donations toward its service as Russia’s irruption continues.
On Wednesday, Mykhailo Fedorov, vice high minister of Ukraine, said people can shoot dogecoin as a donation. Dogecoin is a cryptocurrency that firstly started off as a joke and has been talked up by Tesla author Elon Musk.
It's frequently dubbed a “ meme coin, ” about popular internet jokes.
“ Now indeed meme can support our army and save lives from Russian raiders, ” Fedorov twittered.
Meanwhile, cryptocurrency exchange Uniswap has erected a function that allows people to convert any Ethereum- grounded digital currencies into the ether and shoot it to the Ukrainian government. Ethereum is a blockchain platform on which inventors can make apps on top.
Fedorov also said that Gavin Wood, the founder of a blockchain platform called Polkadot, transferred$ 5 million worth of the DOT cryptocurrency to Ukraine.
The Ukrainian government has raised$ 35 million, through further than cryptoasset donations since the launch of the Russian irruption, according to Elliptic, a blockchain analytics company.
On Feb. 26, Ukraine began accepting cryptocurrencies for donations and began with bitcoin, ether, and a stablecoin called tether. Stablecoins are digital currencies tied to real-world means similar to edict currency.
Now Ukraine is stepping up the number of cryptocurrencies that it'll accept for donations. It comes as military experts anticipate Russia’s attacks to increase in ferocity and destructiveness.
While cryptocurrency donations are adding some plutocrats to Ukraine’s resistance trouble, the country has raised more via war bonds, which have brought in about8.14 a billion Ukrainian hryvnias ($ 270 million).
On Wednesday, a sanctioned Ukraine government account twittered that an “ airdrop ” is verified and would take place on Thursday. An airdrop is generally when an individual or reality gives down cryptocurrency for free. But details were scarce and it’s unclear what digital currency would be given away and to whom.
Cryptocurrencies have come to a prominent point in the war between Russia and Ukraine. There has been enterprise that Russians could use cryptocurrencies to get their plutocrat out of the country to shirk warrants, though experts said this could be extremely delicate.
Last week, Fedorov called on major cryptocurrency exchanges to block the accounts of Russian druggies. Binance, the world’s biggest exchange, said it would block addresses of any druggies that had been sanctioned, but not accounts of all Russians.
On Tuesday, Fedorov twittered about a design called Aid For Ukraine. It's a collaboration between the Ukrainian government, Everstake, and a cryptocurrency blockchain platform called Solana.
People can now contribute Solana cryptocurrency as well as any other digital commemoratives grounded upon Solana.
Ukraine is also accepting-fungible commemoratives or NFTs as donations too. These are unique means similar to a piece of digital art stored using blockchain technology to corroborate and track each NFT.
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