Polkadot’s Gavin Wood donates $5.8 million in DOT to Ukraine


Gavin Wooden, the founding father of the blockchain platform and cryptocurrency Polkadot (DOT), has simply donated $5.8 million price of DOT to Ukraine.

In response to a DOT transaction the Polkadot founder simply shared, the overall donation is 298,367 DOT tokens.

Given DOT/USD is buying and selling round $19.33, Wooden’s donation stands at round $5.8 million.

Wooden had this week promised to donate $5 million to the Ukrainian authorities in the event that they posted a Polkadot tackle along with the Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) addresses opened after final week’s Russian invasion of Ukraine.

Wooden pledged $5 million if Ukraine added a DOT tackle

Earlier on Tuesday, 1 March 1, 2022, Ukraine introduced that it was now accepting crypto donations in Polkadot.

In a tweet posted from the official authorities account, Ukraine authorities thanked the worldwide neighborhood for the donations obtained to this point. They launched a DOT tackle and famous that they might settle for donations in different cryptocurrencies too.

“The individuals of Ukraine are grateful for the help and donations from the worldwide crypto neighborhood as we shield our freedom. We are actually accepting Polkadot donations too: $DOT: 1x8aa2N2Ar9SQweJv9vsuZn3WYDHu7gMQu1RePjZuBe33Hv. Extra cryptocurrencies to be accepted quickly,” the tweet learn.

Gavin Wooden made his pledge through a reply to the Ukrainian authorities’s earlier plea for extra donations. Whereas he might have merely donated in BTC, ETH, or USDT, Wooden’s request for a DOT tackle seems to not be such a foul transfer in spite of everything for the Ukrainian authorities.

The addition of the Polkadot cryptocurrency might open up the donation basket to extra individuals, boosting the hassle to help the battle in opposition to Russia and to supply humanitarian assist to a rising variety of individuals.

The DOT tackle has simply over $6 million on the time of writing, however the quantity might develop rapidly as witnessed with BTC and ETH over the previous week.



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