Key facts:
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The government announced that the snapshot will be taken on Thursday, March 3 at 6:00 pm Kiev time.
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The announcement of the airdrop skyrocketed cryptocurrency donations to $51 million.
After receiving donations for an amount close to USD 37 million in Bitcoin and other cryptocurrencies, the Ukrainian government decided to reward those who have shown solidarity with its cause. To this end, it announced a free token distribution campaign, known in the cryptocurrency sector as airdrop.
One airdrop it is an event commonly used by cryptocurrency projects that want to drive adoption of their tokens. Under this premise, they give away a certain number of coins or NFTs (non-fungible tokens) addresses that have interacted with your organization. This is a popular marketing strategy to reward early adopter or distribute governance tokens.
According to the information, those who make donations to the official Ukrainian cryptocurrency addresses before Thursday, March 3 at 6:00 pm Kiev time (UTC/GMT +2 hours), will be participating in the launch of gift tokens. This follows from the publication on the official Twitter account of the Ukrainian government.
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The Tweet It does not offer details regarding which token(s) will be distributed during the event, nor if there are any conditions that donor wallets must meet to receive the reward. However, yes encourages the cryptocurrency community to continue supporting with funds for the defense of Ukraine in the context of the war with Russia.
Generally, during a airdrop, sending of reward tokens starts hours following taking the snapshot. In this case, the data was not disclosed either. However, the official tweet invites you to follow the information related to the donation campaign via Mijailo Fedorov’s Twitter accountDeputy Prime Minister and Minister of Digital Transformation of Ukraine.
Government Airdrop: Another Milestone for Cryptocurrencies
This will be the first time that the government of a country has organized such an event, which is why many have described the event as a milestone, both for unconventional fundraising and for the use cases of cryptocurrencies. Already El Salvador held an event of sending bitcoin to its citizens, but the event had very different characteristics.
Venture Coinist founder and host of The Coinist Podcast, Luke Martin, tweeted that “Ukraine will make history tomorrow by being the first nation state to release a token to those who donated.” In his opinion, this experience opens the door for more countries to repeat it. “Countries making airdrops. Wild times,” Martin wrote.
For her part, the lawyer Cris Carrascosa, founder of ATH21, a firm specializing in crypto assets and blockchain, rated the airdrop of Ukraine as “one of the biggest use case milestones” for cryptocurrencies. “Bestial to be able to live it, especially because I think few of us might even imagine it,” says the lawyer’s tweet.
Donations soar up to USD 51 million
As CriptoNoticias reported, the bitcoin donations and other cryptocurrencies in the context of the humanitarian emergency facing Ukraine, had reached the equivalent of USD 37 million on February 26. But the announcement of airdrop stimulated a new wave of donations worth more than USD 10 million.
According data From SlowMist, the total amount of cryptocurrency contributions already stands at $50.98 million. The addresses of bitcoin (BTC), ether (ETH), Tron (TRON) and Polkadot (DOT) associated with the Ukrainian government, which only on Tuesday contained a global figure of USD 16.7 million, this Wednesday already total around USD 27 ,3 millions.
on social networks there has been speculation regarding what would be the token that the government of Ukraine will distribute. Some agree that it might be an NFT, although others drew attention to the registration that participation in the event will leave and the uncertain consequences in the future.
