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Ukraine Announces First-of-Its-Kind Crypto Airdrop amid Russia’s Attack

UTC by John Caroline · 2 min read
Ukraine Announces First-of-Its-Kind Crypto Airdrop amid Russia’s Attack
Photo: Shutterstock

Over the last few days, cryptocurrencies have been adopted as a measure against war-induced economic woes following massive crypto donations made to Ukraine amid Russia’s attack. Country promises crypto airdrop to reward generous cryptocurrency donors.

The government of Ukraine has just announced plans for a first-of-its-kind token airdrop in a recent tweet on its official page. The country has been receiving massive donations of cryptocurrencies from prominent figures in the crypto space after Russia began to invade the peace of the country.

Crypto Airdrop in Ukraine

The announcement unveils that the airdrop will be a form of reward to benevolent personalities who have previously made donations to their Ethereum address to support them through these tough times.

“Airdrop confirmed. Snapshot will be taken tomorrow, on March 3rd, at 6pm Kyiv time (UTC/GMT +2 hours). Reward to follow! Follow subsequent news re Ukraine’s crypto donation campaign at @FedorovMykhailo,” the Ukraine government wrote on their Twitter page.

Although reports reveal that no further details have been provided regarding the promised token airdrop, it is regarded as the first of its kind in the world. However, it appears that the move is not extremely appealing to the public as many comments to the tweets expressed resentments from people who consider it unnecessary to get rewarded over the donations they had made to support the Ukrainians in their defense of their country.

One of the comments reads:

“I can’t believe it. Am I the only one who thinks this is wrong? it’s nonsense to hand out like airdrop the money donated to help people in the Ukrainian war.”

Crypto Provides Edge Against War-Inflicted Economic Woes

The struggles and frustrations induced on the Ukrainians through Russia’s invasion have triggered concerns among many nations of the world, as prominent figures around the globe are making moves to support Ukrainians in their efforts to defend their nation.

Among the supportive measures adopted is the donation of cryptocurrencies to Ukraine to help sustain their financial strength while defending their country as the attack persists. Reports reveal a long line of crypto donations made to Ukraine since the nation made a social appeal for financial assistance. Analysis unveiled a spike in the amount of crypto holdings in the nation as it appears that people in the tensioned region are choosing to store their funds in crypto instead of fiat. However, cryptocurrencies have exhibited the potential to perform as an edge against economic woes amid high tensions.

Altcoin News, Cryptocurrency news, News
John Caroline

Caroline is a zealous writer who recently picked interest in Bitcoin and the cryptocurrency community. She's always learning about the industry and aims to provide timely and accurate information about the latest developments in the crypto space

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