THELOGICALINDIAN - AidForUkraine is a collective accomplishment amid the Solana Foundation Everstake and the Ukrainian government
AidForUkraine, a decentralized free alignment that aims to abutment Ukraine’s aegis efforts, has launched. It is backed by the Solana Foundation, the Everstake Pool (a staking belvedere focused on Proof-of-Stake blockchains), and the the Ukrainian government.
Crowdfunding a War
The government of Ukraine now accepts donations in Solana tokens.
A decentralized free alignment alleged AidForUkraine has launched in accord with the Solana Foundation and Everstake (based in Ukraine) and with Ukraine’s Ministry of Digital Transformation. The nation’s Vice Prime Minister Mykhailo Fedorov shared the DAO’s Solana abode beforehand today.
Yesterday, NATION launched, which is a belvedere for DAOs congenital in Solana’s ecosystem, aloft which the AidForUkraine DAO is additionally built. Anatoly Yakovenko, CEO of the Solana Foundation, is a high-profile adherent of the AidForUkraine DAO.
Sergey Vasylchuk, CEO of Everstake and a Ukraine native, told Crypto Briefing that donations to the DAO would go appear the “most burning needs, medical, altruistic and aggressive as well” and that the crypto would be adapted to a appropriate annual “opened by [the] Axial Bank.” Pressed for clarification, Vasylchuk explained the funds would be confused from the DAO to a centralized exchange—where it would be adapted to Euros or USD—before actuality deposited in the axial bank. Vasylchuck aggregate that aloof over $403,000 had been aloft at columnist time.
There has been a flurry of donations to Ukraine for many months now, but they acquire ramped up heavily back the aggression began aftermost week, with $29 actor in crypto donations abandoned as of yesterday. While the Ministry of Defense was accurately unable to acquire crypto donations initially, the country’s official Twitter contour has back shared crypto addresses requesting donations. Today, the government asked for Polkadot donations.
AidForUkraine is not the aboriginal decentralized free alignment to sprout up in abutment of Ukraine. Last week, UkraineDAO was announced with the actual goals of purchasing and arising NFTs of the Ukrainian banderole to accession funds to abutment Ukrainians who are suffering.
Vice Prime Minster Fedorov drew criticism bygone for requesting that above crypto exchanges benumb accounts of “ordinary” Russian citizens. Both Kraken and Binance denied his request, as did Coinbase.
As of today, the United Nations reports added than 536 Ukrainian noncombatant casualties, with added than 136 dead, including 13 children.
Disclosure: At the time of writing, the columnist of this allotment endemic BTC, ETH, and several added cryptocurrencies.
