Ukraine now adds Polkadot address for donations

Anonylz

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The important part is for people to donate, what currency they chose to use is not that important provided it is among recognized top coins with reasonable gas fees ( no shade to eth Wink

) ^{although I read that the gas fee has reduced}). That being said, it is a good option to have several options.

For example, VeChain’s Sunny Lu Promises To donate $8 Million If Ukrainian Government Sets Up VET Wallet Perhaps VET will be next in line, they can't miss out on such huge amount Cool

mdzahed134

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Quote from: cheezcarls on March 01, 2022, 07:54:04 AM

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……

For many people’s requested to add BNB and TRX addresses to donate because huge number of users in these network. Whatever i have seen in Ukraine’s official twitter they added TRC-20 address. Now they will get more donation which they expected 100 million, although already donation fund raised 50$ million. I think also they will be add BNB at any time.

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Quote from: Similificator on March 04, 2022, 07:02:34 AM

Indeed, the more options to choose from, the better. For people who want to donate, it is the least that could be done. We wouldn't want the people who are willing to donate to have even the slightest hard time in sending donations. And with this strategy, a lot more donors can be pursuaded to donate since it makes donating less tedious since the number of options give them convenience not just in terms of fees but also from the hassle of converting altcoins just to be able to donate. What's more is that it also helps the altcoins that get chosen as an option. It's a win win for everyone.

Current market price movements continue to be influenced by the war conditions that occurred in ukraine, ukraine which is a small country of course will not be powerless to face the military power possessed by russia, that's why now the ukraine government has asked for donations to strengthen their military in the form of crypto, Ukraine central bank that initiated the donation hopes to be able to get sizable donations from around the world in the form of sending Bitcoin, Ethereum, Tron, Polkadot, Dogecoin, and Solana.
Right now it is reported that the Ukrainian government has received more than 96,000 cryptocurrency donations, with a total value of $46.7 million, even the Ukrainian government is also opening donations in the form of NFT now.

Similificator

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Indeed, the more options to choose from, the better. For people who want to donate, it is the least that could be done. We wouldn't want the people who are willing to donate to have even the slightest hard time in sending donations. And with this strategy, a lot more donors can be pursuaded to donate since it makes donating less tedious since the number of options give them convenience not just in terms of fees but also from the hassle of converting altcoins just to be able to donate. What's more is that it also helps the altcoins that get chosen as an option. It's a win win for everyone.

Adbitco

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Quote from: ?? on ??

I don't see looks agree with donation for Ukraine because they have try bad decision for banned all Russian cryptocurrency, I think they have made bad decision why need donation with cryptocurrency on other side try to make FUD. I know with humanity but looks they try to get problem and now have looking for way how to solve their problem without any bad impact for cryptocurrency. I still remember with Ukraine president ask to all exchange market to banned Russia member, why he did this announcement. He don't know all investor have deposit their real cash money to be investor on cryptocurrency.

I don't say is for the Russian, i got the source from Ukraine tweet on twitter and i see it is a tweet from their PM as a reply since many where requesting for their BNB and TRC20 address to make their donations.

SmartGold01

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This is a great idea to render Polkadot as means of donations. i believe very soon their turbulence will be over and i strongly stand for Ukrainian

xzone

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Maybe because the cost of gas is so expensive that they add polkadot to receive donation funds, currently polkadot has a cheap transaction fee so they prefer to use polkadot and in the future matic and BNB I think will also be used because they also have a fast transaction cheap and safe to use, with the amount of help they need at this time of course the more affective way for them to use is cheaper.

Of course, if you're going to make a donation, you don't want to pay too much gas. It may be better for everyone to send the money you will spare for this as a donation. Therefore, it is a good option to choose coins that have a chance to be sent with a low fee.
Polkadot is a good coin to send money to, it would be a good advertisement for this altcoin and it could be possible to deliver more help.
I hope they can do something good with these collected donations

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Quote from: ItsNotSean on March 01, 2022, 10:04:49 PM

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.

I have the same thoughts as you.
It seems that it would be better if the donation was channeled directly to Ukrainian citizens so as not to be misused.
Because from what I heard, the goal of the russian war was to demote the president of ukraine, but why do so many people just
donate to wallets that haven't even been audited, where will the money be used?
At least if this seems difficult, it is the charities in Ukraine who are responsible for receiving donations and channeling them to civilians.
I'm just worried, the donation funds that have accumulated so much in the cryptocurrency are being misused by their own government.
Would love to see an FTX donation method that gives out $25 USDT every verified Ukraine citizen FTX exchange user.
I got this information from an article: https://ieconomy.io/en/ftx-gave-25-to-the-ukrainian-citizens/

Adbitco

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I got this from a reply about their tweet saying

Quote

Stand with the people of Ukraine
Now accepting cryptocurrency donations. Ethereum. Bitcoin and Tether (USDTtrc20).

Source https://twitter.com/FedorovMykhailo/status/1497549813205848068

This simple means that TRC20 address can now make donation to their Tron address and for those having Tron and USDT-TRC20. We pray for Ukraine war to be over and let they live good as many individual are suffering.

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Quote from: cheezcarls on March 01, 2022, 07:54:04 AM

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

Quite possibly TRX, Polygon is also another coin that is easy to exchange for USD because after all all donations in crypto will be exchanged to USD to buy everything they need during the war, interesting about BNB because the owner is Chinese and China supports Russia whether CZ will make a donation if he is very likely to have an impact on his business and his existence because China is so dictatorial.

Golfler

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The next one may be Ukraine’s own hyped-up token, and then hype it on the market. After tasting the sweetness, can he miss it?

NewRanger

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Quote from: Gayong88 on March 02, 2022, 03:22:40 AM

It is very possible and will continue whether BNB, TRX, and others, hopefully continue to increase donations for humanity, so that the world community at least knows the other functions of crypto itself and the message implied in it, as Mr. abittraffic said "This is how crypto will be adopted everywhere around the world".

due this thing now world wide should to know how cryptocurrency usefull in many field. its not about investment only but also for hummanity. bank or other traditional finance market should not recognized bitcoin and cryptocurrency as a threat. maybe other coin could follow this social movement and more dev will try to shill their project parallelly with it.

Quote from: Bollexz1 on March 02, 2022, 03:31:08 PM

I'm certain if the war takes a little more longer, they would add more network for donations. This will help boost their supply and needs along in rebuilding all the damages done to her country.

i am believe it will happen. it also have positive impact to other chain popularity itself if join in this charity.

Psynthax

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they could easily accepts all these ERC20 based tokens that could easily being exchanged in form of native tokens like ETH, Matic etc and it gonna raises the coverage easily.
regardless I just really hope that there is no war being waged and they just stops peacefully because this kind of thing only bring destruction for both sides and the civilian will always become victim.
civilian should always be prioritized their safety and I hope their civilians could comes out safe and sound and this kind of things gets ended as soon as possible in the future.
It seems like they will be adding multiple assets instead of focusing to use the new blockchain. It doesn't matter as long as you send like millions USD at once.

Bollexz1

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I'm certain if the war takes a little more longer, they would add more network for donations. This will help boost their supply and needs along in rebuilding all the damages done to her country.

riskarcher

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What you need to know is that BNB has made a similar and earlier donation for donations to Ukraine you can check on the tweet of CEO Binance Cz. Many crypto networks and platforms have officially provided donation addresses for Ukraine this is a form of humanity that the crypto market shows that the community cares about the situation in the world. whatever network address that is donated, whether it's BNB, TRX, SOL, LUNA or AVAX as long as it's for the sake of humanity, it can all be realized

tygeade

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Quote from: Gayong88 on March 02, 2022, 03:22:40 AM

It is very possible and will continue whether BNB, TRX, and others, hopefully continue to increase donations for humanity, so that the world community at least knows the other functions of crypto itself and the message implied in it, as Mr. abittraffic said "This is how crypto will be adopted everywhere around the world".

It is, because not all people are using the cryptos that they currently support and a bunch of these people would also want to try to donate but they can't do it for now, for the same reason. I don't know but maybe they are now negotiating the people that handles the donation to support more cryptocurrencies.

This is an eye opener to some people that who thinks cryptos are only meant to be for investment, they will now know that cryptos can also work well for this purpose or anything related to it. Cryptocurrencies will be adopted not only because of its different use cases but also because it can pass thru some heavy restrictions.

MFahad

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Its very good choice. actually Polkadot Ceo Donates big for Ukraine in Polkadot. Similarly Usdt Tron is also available to donate.
I checked their Address and found that some anonymous sent Nfts to Etherium address.
Next option should be Bnb and they will also see good result there.

Ozero

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Quote from: jrrsparkles on March 01, 2022, 11:08:39 AM

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.

Now the entire civilized world has united around Ukraine in its desire to defend its freedom and independence while repelling the attack of 120,000 Russian troops. It's nice to see. Previously, Ukrainians were considered Russian in many countries. Even recently, Putin declared that they were one people, but immediately before the attack on Ukraine, he refused to recognize its independence. After heroic resistance to such a large state as the Russian Federation, I think that Ukrainians will no longer be identified with Russians. We are different in culture, way of life, language, and most importantly - in spirit.
I see on the information television channels of Ukraine that donations are collected to a separate account of the National Bank. But given the positive attitude of the government of Ukraine towards cryptocurrencies, I fully admit that it can be in cryptocurrencies as well.
The banking system in Ukraine is still functioning as usual, the national currency - the hryvnia has fallen slightly compared to the Russian ruble: from 28.4 per dollar to 29.25. What can not be said about the ruble, which fell two or three times.

Gayong88

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It is very possible and will continue whether BNB, TRX, and others, hopefully continue to increase donations for humanity, so that the world community at least knows the other functions of crypto itself and the message implied in it, as Mr. abittraffic said "This is how crypto will be adopted everywhere around the world".

jrrsparkles

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Quote from: yazher on March 01, 2022, 08:17:38 PM

Quote from: jrrsparkles on March 01, 2022, 11:08:39 AM

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.

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Quote from: cheezcarls on March 01, 2022, 07:54:04 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.

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Quote from: jrrsparkles on March 01, 2022, 11:08:39 AM

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, 10:26:07 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, 10:19:40 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, 11:08:39 AM

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.

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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, 11:08:39 AM

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.

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Quote from: jrrsparkles on March 01, 2022, 11:08:39 AM

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.

jrrsparkles

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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.

Jackl87

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Quote from: cheezcarls on March 01, 2022, 07:54:04 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 am not surprised that Polkadot is now added to the available options to donate to the ukraine in the end it is one of the biggest crypto projects out there and it has very low transaction fees. So in this regard Solana would also be a good option for Donations becaues this way people can also donate very small amounts like 1$ or so which is not really practicable on the ETH network because there you would have to pay 10$ worth of fees in order to send 5$ worth of donations.
For me this crisis shows again that crypto is a very good alternative to the traditional FIAT as it becomes obvious again, that you can never shut down crypto even if you want to and i also read a story about reporters that bought a used car with bitcoin in the ukraine in order to get out of there because they did not receive any more money on the ATM's.

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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……

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