$ 95,006.5
$ 1,816.69
$ 0.6787
$ 586.91
$ 145.36
Mar 15, 2022
by Jafrin Ahmed
FTX and Everstake to Launch Crypto Donation Website for Ukraine
Cryptocurrency exchanges FTX and Kuna, as well as the staking platform Everstake, have teamed up with the Ukrainian government to develop a crypto donation website called Aid for Ukraine. Currently, donations to the platform can be made in BTC, ETH, USDT, DOT, SOL, DOGE, XMR, ICON, EOS, and NEO respectively.
According to the website, users have sent more than $48 million in crypto at the time of writing, approximately 24% of the platform’s $200 million goal. Other estimates place the amount closer to $100 million, but totals vary based on market swings.
FTX is converting donations into fiat for deposit at the National Bank of Ukraine, while Everstake’s involvement allows more cryptocurrencies to be accepted by the website.
"At the onset of the conflict in Ukraine, FTX felt the need to provide assistance in any way it could. We are grateful for the opportunity to work with Sergey and the Everstake team as they continue to work tirelessly in helping Ukrainians as they suffer from this conflict," Sam Bankman-Fried, the founder and CEO of FTX commented.
The funds will be sent to the National Bank of Ukraine and used for “ammunition and necessities” to support the country’s armed forces and humanitarian aid programs. Fiat donations to Ukraine’s central bank in various currencies are also accepted.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.
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