Ukraine now adds Polkadot address for donations - page 2.

jrrsparkles

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Quote from: yazher on March 01, 2022, 09:17:38 PM

Quote from: jrrsparkles on March 01, 2022, 12:08:39 PM

Now government itself is in need of decentralized money so how the future of their fiat is going to be. Both the countries Russia and Ukraine are losing their banking system one due to invasion and other due to sanctions but all their donations are going for buying the military needs even they arm the civilians.

I hope not because right now, all they need is sake shelter and safety for the women and the children because as of today there is a 60km convoy entering Ukraine's biggest city and the war will not cease until they get it. They need more support and hope those donations will get to them as soon as possible. I hope they can just give it up for the sake of humanity and looks like that's impossible since Russia won't stop until they get everything they want from Ukraine.

I don't think Ukraine is raising funds to shelter anyone they are just harming their own people by saying go and fight also if you look the Ukraine soldiers were attacking the foreigners who were trying to cross the border which isn't right though. If people are not willing to take part in the fight they should let them go.

danherbias07

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Good news, thank you for sharing. I think BNB should be next. Given the amount of money being spent on NFT's using the binance smart chain, more people have some spare BNB on their wallets for transaction fees and buying NFT and it's fast and cheap. The donation may grow substantially and it will be a great help for Ukraine to recover from the mess of this war.

asyakashi

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Quote from: cheezcarls on March 01, 2022, 08:54:04 AM

Source: https://cryptobriefing.com/ukraine-asks-for-polkadot-donations-hints-airdrop/

Aside from just BTC, ETH and USDT20, now they’re accepting DOT donations and hopefully other coins and tokens (e.g., BNB, MATIC, AVAX, etc.).

I think this is because of Gavin Wood’s post here: https://cryptoslate.com/polkadots-gavin-wood-to-donate-5m-to-ukraine-if-they-post-a-dot-address/

In my opinion, it’s better to have multiple options in case others feel that BTC, ETH and USDT20 are expensive in transaction/gas fees for donations.

I don’t know who is gonna be next? Polygon? BNB? TRX? Hmmm……

i think the most reasonable is trx if gas cost is very high for ethereum.
But I'm more interested in hearing if the donation is not for the country but for Ukrainian citizens who really
need help with any donations of money or food which are now cryptocurrencies.
FTX exchange will prepare an airdrop for Ukrainian citizens for those who register on their platform.
those who have FTX accounts with Ukrainian citizens will get $25 in each of their accounts as humanitarian aid from FTX.
News source.

Shadikjitu00

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This time crypto is best option everyone know Ukraine situation now, so most of the people are trying to help polkadot is best coin. btc, eth , usdt , dot most popular coin , I hope everyone have this . So everyone try to donate and help Ukraine people. Hopefully war end soon.. we want peaceful world. 2022 we see war this is not good.

Dr.Osh

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Quote from: jrrsparkles on March 01, 2022, 12:08:39 PM

Now government itself is in need of decentralized money so how the future of their fiat is going to be. Both the countries Russia and Ukraine are losing their banking system one due to invasion and other due to sanctions but all their donations are going for buying the military needs even they arm the civilians.

Well, here we can see the real function of the blockchain system which was initially challenged a lot. I think many people have started donating through crypto for these two countries. This can be assessed as a positive function of technological developments. I just hope that lots of donations go to those in need.
I heard quite a lot of hurdles from different countries for Russia and Ukraine, so I hope this helps, and hopefully it ends well.

StarKay

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It is good that Polkadot is being added to payment options to help them in this unnecessary humanitarian crisis, I would want them to be proactive by adding as many cryptocurrency payment options as possible so that no one will feel that one coin is a better payment method than the others and therefore refuse to donate.
This is no time to leave out any coin, it doesn't cost a thin to get a wallet address for every major cryptocurrency.

cryptoaddictchie

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I do hope the money can be used for good reason. Yes they are definitely gonna buy weapons to arm and defend their country. But they should also prioritize their civilian needs not only the weapon for war. Yes its needed but they should equalize it to support people of food and water and medicines.

Dot addition is great. But its likely good if they will add many as much as possible so everyone can have plenty of choices.

killerfrost

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I know how important this donation is when war leaves a lot of material and spiritual damage to people. Adding the DOT wallet option to make donations more diverse is also a good move for many parties. And in the future, I believe there will be more optional portals to donate to.

Yaunfitda

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Quote from: pakhitheboss on March 01, 2022, 11:26:07 PM

What happened to fiat currency? They still can accept international transfer as of now. How will the decentralised money help the government of Ukraine they do need a mechanism to convert it into USD as that is the accepted global currency. Do they have one? Does anyone knows how it will work or this is another way to fill the pocket of corrupt politicians.

They could have put th necessary tools to convert crypto to either their local currency or USD to buy things needed in war specially medical supplies. And this donations to Ukraine has been set up for months already, prior to the war, it just caught up right now because they are really at war. The thing is that not only Ukrainians can take advantage of crypto donations, even Russia can accept it as well.

pakhitheboss

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What happened to fiat currency? They still can accept international transfer as of now. How will the decentralised money help the government of Ukraine they do need a mechanism to convert it into USD as that is the accepted global currency. Do they have one? Does anyone knows how it will work or this is another way to fill the pocket of corrupt politicians.

TravelMug

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Quote from: Pelana vreo on March 01, 2022, 11:19:40 PM

I think the high cost of gas doesn't affect the running of this charity, because some blockchains like BSC and USDT support EVM, they can accept coins in 1 Wallet.
I hope if this charity is really run by the ukraine government, then i want the government to accept legitimate crypto payments like El Salvador.

Well if the addresses came from their official social media channels then for sure this is legitimate. And yeah, it is good that with crypto, all of us who wants to support Ukrainian in their war against Russia can really put a small amount to money and send to those addresses. So far though, it has received millions already so thanks to everyone who donated and hopefully the money we send will really help the cause of the Ukrainian government against the aggressor. And we have seen the anti-war sentiments even in our community.

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Quote from: jrrsparkles on March 01, 2022, 12:08:39 PM

Now government itself is in need of decentralized money so how the future of their fiat is going to be. Both the countries Russia and Ukraine are losing their banking system one due to invasion and other due to sanctions but all their donations are going for buying the military needs even they arm the civilians.

what is happening right now in russia and ukraine is one of the green lights for bitcoin.
the two countries will indirectly enter cryptocurrency as well as ukraine asking for donations with cryptocurrency wallets.
It looks like Russia will also soon enter cryptocurrency because it has global economic problems that make it difficult for Russia to circulate its currency globally, so cryptocurrency is needed. The impact is, lately bitcoin is rising again when there is no news of the bull market arriving, this seems like a real surprise.

Pelana vreo

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I think the high cost of gas doesn't affect the running of this charity, because some blockchains like BSC and USDT support EVM, they can accept coins in 1 Wallet.
I hope if this charity is really run by the ukraine government, then i want the government to accept legitimate crypto payments like El Salvador.

ItsNotSean

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If the Ukranian government wasn't one of the most corrupt governments in the world, this might be a nice idea.

You are much better off donating to an established, reputable charity with operations in Ukraine. Donating to an inauditable cryptocurrency address would be hilarious, if not for the tragedy of this war.

yazher

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Quote from: jrrsparkles on March 01, 2022, 12:08:39 PM

Now government itself is in need of decentralized money so how the future of their fiat is going to be. Both the countries Russia and Ukraine are losing their banking system one due to invasion and other due to sanctions but all their donations are going for buying the military needs even they arm the civilians.

I hope not because right now, all they need is sake shelter and safety for the women and the children because as of today there is a 60km convoy entering Ukraine's biggest city and the war will not cease until they get it. They need more support and hope those donations will get to them as soon as possible. I hope they can just give it up for the sake of humanity and looks like that's impossible since Russia won't stop until they get everything they want from Ukraine.

Baofeng

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If I'm going to speculate most likely it will be Binance because if I'm not mistaken, CZ himself donated some according to news that I have read.

Anyhow, even here in our community, there is a call to help Ukrainian in this war and if we could donate some: https://bitcointalksearch.org/topic/everyone-in-signature-campaigns-lets-help-the-ukrainian-people-5387586

So it's really up to us whether to donate or not.

uneng

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The more options the better. Donators must feel confortable to send the amount they want, through the cryptocurrency they already have on their wallets. This way, the chances of Ukraine receiving more donations increase, as people sometimes get lazy or just don't want to spend extra money exchanging one currency into another to make a donation.

I hope the goal of this campaign is reached and the money well used by the responsible ones.

el kaka22

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It has a very cheap transaction fee, which makes it easier to send as well. Meaning the money that should be at the hands of people who need it most, it won't be going to miners.

Look at ETH, if you want to send like 500 bucks, you may need to spend 6-7 dollars just to send it, that means each transaction of ETH around those levels sent to Ukraine misses 6-7 dollars. Meaning for 5k that is 60+ for 50k+ that is 600+ those all combine to make a big amount.

This is basically paying miners instead of paying Ukraine during a very difficult time. Dot doesn't have that, matic, avax, sol none of them have that and you could easily cash them out as well.

EmmaGod

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It feels good to know that cryptocurrency is gaining more relevance in today's world. With the traditional banking platforms it would take a long time for transactions to completed, considering the situation of things in the country, it may be difficult, if not impossible to process donations using the traditional offline platforms.

bittraffic

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Quote from: jrrsparkles on March 01, 2022, 12:08:39 PM

Now government itself is in need of decentralized money so how the future of their fiat is going to be. Both the countries Russia and Ukraine are losing their banking system one due to invasion and other due to sanctions but all their donations are going for buying the military needs even they arm the civilians.

This is how crypto is going to be adopted everywhere around the globe. Because the moment oligarchs in other countries such as China learned that if their money can be taken from them through seizing and freezing bank accounts, theyd start thinking it could also be done to them. Government itself will be using crypto sowhy not them.

I'm surprise though why DOT when theres LTC or Stellar.

Topic: Ukraine now adds Polkadot address for donations - page 2. (Read 219 times)