$ 82,404.3
$ 1,819.62
$ 0.6713
$ 602.26
$ 123.92
Mar 4, 2022
Ukraine Vice PM Mykhailo Fedorov Cancels Crypto Airdrop
Earlier, the Ukrainian Government had confirmed to conduct a ‘crypto airdrop’ to donors who contributed crypto donations to Ukraine’s crypto wallet address. Due to the Ukraine-Russia crisis, the crypto community donated millions of dollars worth of cryptocurrencies to help fund the war. However, yesterday the Vice Prime Minister of Ukraine, Mykhailo Fedorov tweeted about his decision to cancel the crypto airdrop of Ukraine that was set to begin at 6 PM according to the Kyiv time.
Airdrop refers to crypto projects that enable sending free tokens to investors of crypto to bid encouragement in the adoption of crypto. El Salvador is a fine example for airdrops, it is known for donating Bitcoin airdrops to its country’s citizens.
Additionally, Mykhailo Fedorov also stated that instead of the crypto airdrop, Ukraine will announce non-fungible tokens (NFTs) to support the armed forces of Ukraine during this conflict.
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.
Priyanka is an active crypto enthusiast. Having graduated with a BA in Journalism and Mass Communication, she is a passionate content writer with a strong understanding of financial content. She has been writing on crypto and blockchain-related topics for the last three years and is an active trader.