In the midst of the war with Russia, they have received about USD $64 million in over 12 digital assets; including Ether, Solana, Polkadot and Dogecoin.
Ukraine’s government continues to expand its cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. collection efforts amid the Russian invasion. The country under attack, which began by accepting 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. y Ethereum a decentralized open-source blockchain with smart contracts functionality. shortly after Russia announced a “ special military operation The “Digital Asset Management” campaign, which launched in its territory at the end of February, now accepts donations on more than a dozen digital assets.
The nation began by accepting a few cryptocurrencies, but as the war has continued and has seen interest from crypto enthusiasts around the world to support with the cause, the government has refined its approach. On March 14, the Ministry of Digital digital technologies are these electronic tools that have the ability to generate, store or even process data. Transformation Ukrainian launched a website to formalize and facilitate cryptocurrency donations. .
The site, which was launched in partnership with Everstake , Kuna y FTX , actualmente cuenta con soporte para un total de 13 criptomonedas. Accepted assets include Bitcoin (BTC), Ethereum (ETH), Earth (LUNA), Polkadot (DOT), Solana (SOL), Cardano (ADA), Dogecoin (DOGE), Monero (XMR), ICON (ICX),Algorand (ALGO), Hedera (HBAR) and Casper (CSPR). Also the stablecoin a cryptocurrency with extremely low volatility, sometimes used as a means of portfolio diversification. Examples include gold-backed cryptocurrency or fiat-pegged cryptocurrency.Tether (USDT), la cual tiene soporte para las redes Ethereum y Tron .
According to initial reports, the official Ukrainian donation website has added support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. for at least five digital assets in recent weeks . At launch, the platform a place to buy, sell and store cryptocurrency accepted only nine cryptocurrencies.
Ukraine strengthens its crypto strategy
The cryptocurrency donation initiative, which operates simultaneously with collections in fiat fiat currency is “legal tender” backed by a central government, such as the Federal Reserve, and with its own banking system, such as fractional reserve banking. It can take the form of physical cash, or it can be represented electronically, such as with bank credit. currencies, has helped the Ukrainian government raise funds to finance defense against Russia’s military forces. “ We are the country’s shadow banking system “said the founder of Kuna Michael Chobanian, who has been assisting the government with crypto collection efforts.
The Ukrainian government has been using the funds received in digital assets to purchase military equipment, such as bulletproof vests, helmets. But also to buy food and medical supplies. As reported by Financial Times In the case of the cryptocurrencies, the authorities have deliberately decided to spend the cryptocurrencies on non-lethal equipment, so as not to deter future donors.
The country’s deputy minister for digital transformation, Alex Bornyakov, who earlier claimed that the nation has received “ close refers to the closing price; similar to the same term used in stock trading. to USD $100 million ” in digital asset donations, has also revealed that some of the cryptocurrency proceeds are directed to efforts to dismantle fake media campaigns promoted by the Russian government.
On the other hand, the adoption of cryptocurrencies also has prompted the Ukrainian government to sign new agreements with military suppliers so that, for the first time, payment will be made directly on those assets.
“Cryptoassets have proven to be extremely useful in facilitating funding flows to Ukrainian citizens and soldiers, as well as raising awareness and engaging people around the world” he said Bornyakov previamente.
The amount of crypto crowdfunding crowdfunding enables fundraisers to collect money from a large number of people through a variety of different platforms. for our country is already the largest in history so far.
Cryptodonations reach $95 million USD
According to the counter that tracks the Ukrainian government’s cryptocurrency donations, as of press time the initiative has received just over $64 million in digital assets. The figure represents just over 30% of the government’s $200 million fundraising goal.
Undoubtedly, expanding support for government-accepted cryptocurrencies could be a move in favor of collection; especially given the different transaction costs between networks Blockchain. So far, donors seem to have taken ample advantage of the different donation options. According to data shared by the founder of Kuna and Twitter, loose more than 60 million in cryptocurrencies have been sent across 13 blockchains.
— Michael Chobanian (@ChobanianMike) March 22, 2022
Si bien la cifra no parece coincidir con las estimaciones brindadas hace unos días por Bornyakov, puede que en ese momento, el funcionario estuviese haciendo referencia a las criptodonaciones que ha recibido Ucrania en términos generales. El gobierno no es el único recaudando criptomonedas para ayudar a las fuerzas militares ucranianas. Un puñado de otras iniciativas, incluyendo organizaciones autónomas descentralizadas (DAO) y proyectos de tokens no fungibles (NFT), han estado reuniendo fondos en cripto.
According to data from Slow Mist which tracks collections in digital assets, Ukraine has received nearly $95 million in cryptocurrencies . These estimates include the government initiative and five non-governmental organizations.
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Article by Hannah Estefania Perez / DiarioBitcoin
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