Ukrainian Government Claims ‘Airdrop’ Will ‘Reward’ its Bitcoin & Crypto Donors
The Ukrainian government has confirmed that donors who have contributed crypto to fund its military struggle with the invading Russian army will be in line for an airdrop of tokens.
In the early hours of March 2, Kyiv wrote that its airdrop was “confirmed,” with a snapshot to be taken on March 3, and “reward(s) to follow.”
Some reacted with surprise after the Ukrainian government posted news of its airdrop plans, musing (with a pinch of salt, perhaps) that it looked like an initial coin offering (ICO) was afoot, although some claimed they were uncomfortable with the idea of “profiting from war.”
And while some well-known observers and industry insiders opined that the government is more likely to give out non-fungible tokens (NFTs) than fungible coins, others argued that the plan for the airdrop is not ready yet - but that the comments will end up deciding.
On Twitter, the Ukrainian government wrote:
“The people of Ukraine are grateful for the support and donations from the global crypto community as we protect our freedom.”
The government has opened the door to crypto in a bid to crowdfund its fight against the Russian invasion, using bitcoin (BTC), ethereum (ETH), tether (USDT), and polkadot (DOT), claiming that “more cryptocurrencies will be added soon.” And the move was followed up by a USD 5.8m donation from the founder of the Polkadot network Gavin Wood.
In a blog post, Elliptic explained that “several other [crypto] donations of more than USD 1 million” had made donations both to the Ukrainian government “and NGOs providing support to the military” to the tune of USD 33.8m, through “close to 30,000 cryptoasset donations since the start of the Russian invasion.”
Per the data, which the site claimed was accurate as of
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