Ethereum is a smart contract platform that enables developers to build tokens and decentralized applications (dapps). ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network. Ethereum is the pioneer for blockchain based smart contracts.
The OnlyFans platform a place to buy, sell and store cryptocurrency donated 500 ETH to a Decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. Autonomous Organization, DAO, which raises funds for Ukraine. But in total their donations have amounted to $5 million.
The popular video subscription platform OnlyFans reports that it donated 500 ETH (approximately $1.3 million USD) to UkraineDAO a decentralized autonomous organization that raises funds to support Ukraine, a country invaded by Russia.
A representative of OnlyFans only for a CoinDesk that the donation is part of the company’s larger charitable effort to support Ukraine. It is being led by the Ukrainian-American owner of OnlyFans, Leonid Radvinsky.
The company says that in total it has sent more than USD $5 million to various humanitarian efforts supporting the country, with an additional USD $1 million donation scheduled for March 15.
“These tragic events have had a terrible impact on people, including members of our maker community.” said Ami Gan, executive director of OnlyFans, in a statement. “Given our strong personal ties to Ukraine, we wanted to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. in a way that felt true to who we are at OnlyFans and focused on getting help and support for the Ukrainian people.”
UkraineDAO has been one of the top cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. contributors to the Ukrainian government in recent weeks, which has now received more than USD $50 million in cryptocurrency donations since it tweeted its addresses of Ethereum a decentralized open-source blockchain with smart contracts functionality. (ETH ) y Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. (BTC) in February.
The DAO decentralized autonomous organization, system of rules that define how a decentralized organization should operate and which actions it should take. was formed by the Russian art collective Pussy Riot and the studio of tokens no fungibles (NFT) Trippy Labs, and their largest single donation came from a sale of NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. funded by crowdfunding crowdfunding enables fundraisers to collect money from a large number of people through a variety of different platforms. of USD$6.5 million on March 2, to which contributed the donation of 500 ETH from OnlyFans.
By the time you OnlyFan s made the 500 ETH donation, the DAO stalled at about half the reserve amount of 1000 ETH, a representative said. The donation of OnlyFans exceeded the amount and, from that moment on, more donations began to be added.
Donations continue to rise
Yesterday we reported that donations in Bitcoin y otras criptomonedas han ido en aumento, sobre todo esta última semana. El viceministro del Ministerio de Transformación Digital digital technologies are these electronic tools that have the ability to generate, store or even process data. de Ucrania, Alex Bornyakov, aseguró que la nación ha recibido “ close refers to the closing price; similar to the same term used in stock trading. to 100 million dollars”. in digital asset donations.
As reported by CoinDesk, Bornyakov said that more than USD$60 million of the USD$100 million was received in the main fund administered by Kuna the Ukrainian cryptocurrency exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. that has been supporting the government in administering the donations. The rest of the money was sent to several other smaller funds, the official added.
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