Ukraine has launched a crypto fundraising site

Ukraine’s Ministry of Digital Transformation has launched a crypto fundraising site, in cooperation with major crypto exchange FTX and staking platform Everstake to provide users with a convenient portal to donating for Ukrainian causes.

It accepts contributions in nine different cryptoassets: bitcoin (BTC), ethereum (ETH), polkadot (DOT), solana (SOL), dogecoin (DOGE), monero (XMR), ICON (ICX), NEO N3 (NEO), and stablecoin tether (USDT). The website is aiming to accept more cryptoassets over time.

The community has already raised USD 48.1m out of the USD 200m goal, as per website.
Alex Bornyakov, Ukraine’s deputy minister of digital transformation had previously noted that a specific portion of crypto donations was used to fund military needs and was used to purchase rations, bulletproof vests, and other forms of protection.

It was announced by FTX that the exchange has distributed USD 25 to each Ukrainian user on their platform. The new fundraising website goes live at a time when crypto donations have reached a level.

According toSlowMist, the crypto security firm which tracks crypto donations to the Ukrainian government and five non-profit organizations that are helping Ukrainian causes, the total USD worth of crypto donations has moreover remained between USD 70m to USD 80m from the last seven days.

The Ukrainian government has raised USD 63.8m through more than 120,000 cryptoasset donations since the start of the Russian invasion, as per crypto research firm Elliptic’s March 11 update.

As previously reported, those who wish to donate have increasingly more options to choose from like: Come Back Alive, The Kyiv Independent, The National Bank of Ukraine, The Ministry of Defense of Ukraine, Hospitallers, The Return Alive Foundation, UkraineDAO, Unchain Foundation.