• Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
Subscribe
  • Login
  • Register
No Result
View All Result
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
No Result
View All Result
No Result
View All Result

Ukraine Announces Token Airdrop in an Historic First

02/03/2022 14:17
No comments
Kyiv

The government of Ukraine has announced they will undertake a token airdrop to anyone who donated to their ethereum address.

“Airdrop confirmed. Snapshot will be taken tomorrow, on March 3rd, at 6pm Kyiv time (UTC/GMT +2 hours). Reward to follow!”

So says the official Twitter account of the government of Ukraine run by the Ministry for Digital Transformation.

That was shortly after Mykhailo Fedorov, the Vice Prime Minister of Ukraine and Minister of Digital Transformation, thanked Uniswap “for their new ‘donate to Ukraine’ feature which automatically exchanges any of their listed tokens to ETH for us.”

No further detail was provided regarding this token airdrop, the first of its kind in the world. We asked for some clarification regarding how many tokens will be distributed to donators and how many the government will keep, and will update once a response is received.

We presume that to qualify you just need to send some eth to their address: 0x165CD37b4C644C2921454429E7F9358d18A45e14

We did just that through our test address, and to the luck of Ukraine, fees are very low for these simple transfers:

Trustnodes donates a bit of eth to Ukraine, March 2022
Trustnodes donates a bit of eth to Ukraine, March 2022

Anyone can do this, not just cryptonians. You just download the Chrome extension, MetaMask, and from there you can buy eth directly on your card.

You then copy paste the donation address and send with the whole process over in five minutes really, while the ethereum network itself takes just a few seconds to process the transaction for a fee of less than $2.

If you do this today and tomorrow until 6PM Kyiv time, you’ll then get a token which might have its own value because presuming the Ukrainian government keeps say 70% of the supply, then a very direct way to donate would be to just buy the token.

That could give the Ukrainian government a significant amount of funds, not least because if they want to it can be treated as a bond in as far as they promise to eventually burn some of the supply through tax revenue.

If they win, this can even become a legal currency because why not, and one easy way for western governments to support the funding of Ukraine would be to waiver any capital gains or other taxes on the token.

Doing that can potentially even dogecoin this thing because, well there’s huge potential especially if Ukraine wins peace.

It would also mean a lot of cryptonians and techies would have skin in the game, making crypto in effect very much at the frontlines of these monumental developments.

Update: The airdrop has unfortunately been cancelled.

Related Posts

Pakistan stock exchange

Pakistan and Egypt at Risk of Currency Crisis

The bitcoin bull, is it in sight? AI generated art. Jan 2023

Bitcoin Bulls Struggle with $23,000

White House Seeks Public Comments on Crypto Strategy

India’s Billionaire Showcases Digital Rupee

Load More
  • Trending
  • Comments
  • Latest
A trillion dollar coin

A Trillion Dollar Coin, is it Coming?

Pakistan stock exchange

Pakistan and Egypt at Risk of Currency Crisis

Stone Ridge offices

NYDIG Bitcoin Funds Near $1 Billion

Bin Faqeeh accepts bitcoin, Jan 2023

Bahrain Property Giant Starts Accepting Bitcoin

Pakistan stock exchange

Pakistan and Egypt at Risk of Currency Crisis

The bitcoin bull, is it in sight? AI generated art. Jan 2023

Bitcoin Bulls Struggle with $23,000

Biden signing crypto executive order in 2022

White House Seeks Public Comments on Crypto Strategy

Paying with e-rupee, Jan 2023

India’s Billionaire Showcases Digital Rupee

Comments

Latest News

  • Pakistan and Egypt at Risk of Currency Crisis
  • Bitcoin Bulls Struggle with $23,000
  • White House Seeks Public Comments on Crypto Strategy

About Trustnodes

Terms of Service

Privacy Policy

Our Ethics and Values

Trustnodes Newsletter

(You have to be a paid subscriber)

Trustnodes © 2017-2023. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com OR ##bitcointraders on IRC, Rizon. RSS Feed

No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics

Trustnodes © 2017-2023. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com OR ##bitcointraders on IRC, Rizon. RSS Feed

Welcome Back!

Login to your account below

Authenticate with MetaMask Loading...

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?