Ukraine accepts DOT, founder Gavin Wood donates $5.8 million


Calls from the crypto neighborhood for Ukraine to just accept different cryptocurrencies have been answered. The official Ukraine Twitter account shared that it’s going to now settle for donations from Polkadot (DOT), whereas different cryptocurrencies will quickly be added. 

Gavin Wooden, the co-founder of Polkadot had beforehand shared that if the Ukraine wallets had been so as to add DOT, he would personally contribute $5 million. He made true on his promise donating 298,367.2269896686 DOT, roughly $5.7 million to Ukrainian wallets.

Whole crypto donations for Ukrainian charities, the navy, and the federal government have acquired over $37 million by Cointelegraph estimates. Wooden’s single donation includes over 10% of the full crypto donations.

Certainly, Wooden’s donation is without doubt one of the largest particular person crypto donations thus far. Sam Bankman-Fried’s platform, FTX, donated $25 to every Ukrainian on his alternate platform, whereas CEO Deepak Thapliyal of Chain.com donated 100 ether (ETH), or over $280,000 USD.

In addition to Wooden, the Polkadot ecosystem had already contributed over $210,000 to the official DOT pockets for Ukraine since this morning, in keeping with Polkadot blockchain information.

For cryptocurrencies not accepted by Ukraine, Coingate, a Lithuanian-based fintech presents a workaround. As a fee gateway for cryptocurrencies, Coingate permits holders of different cryptos to donate to Ukraine.  Coingate manages the crypto funds for a listing of over 70 cryptocurrencies, ultimately crediting the Ukraine checking account with Euros.

The coingate cryptocurrency donation portal. Supply: Coingate

Associated: Crypto exchanges think about Ukraine’s name to freeze Russians’ Bitcoin

So far, the crypto neighborhood has been fast to come back to assistance from Ukraine’s plight, with donations and phrases of encouragement. Twitter observers famous that Ukraine’s progressive crypto exercise was an try at “making historical past.”



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