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Ukraine Crypto Wallets Accept Polkadot Donations, Co-Founder Wood Donates $5.8M

Reports said that the official Ukraine crypto wallets are now accepting donations from the Polkadot (DOT) ecosystem, and co-founder Gavin Wood has donated $5.8 million or 298,367 DOT.

It has been reported that Wood previously shared that if the Ukraine wallets were to add DOT, he would personally contribute $5 million. He made true on his promise, donating 298,367.2269896686 DOT, which is around $5.7 million, to Ukrainian wallets.

However, total crypto donations for Ukrainian charities, the military, and the government have been over $37 million. Wood’s single donation comprises over 10% of the total crypto donations. Indeed, Wood’s donation is one of the largest individual crypto donations to date. Sam Bankman-Fried’s platform, FTX, donated $25 to each Ukrainian on his exchange platform, while CEO Deepak Thapliyal of donated 100 Ether (ETH), or over $280,000 USD.

The report said that besides Wood, the Polkadot ecosystem had already contributed over $210,000 to the official DOT wallet for Ukraine since this morning, according to Polkadot blockchain data. For cryptocurrencies not accepted by Ukraine, Coingate, a Lithuanian-based fintech, offers a workaround.

As a payment gateway for cryptocurrencies, Coingate allows holders of other cryptos to donate to Ukraine. Coingate manages the crypto payments for a list of over 70 cryptocurrencies, eventually crediting the Ukraine bank account with euros.

Coingate stated:

"In the past five days, we have raised 7000 EUR from various crypto communities."

Thus, to date, the crypto community has been quick to come to the aid of Ukraine with donations and words of encouragement. Twitter observers noted that Ukraine's innovative crypto activity was an attempt at “making history.”

Source: Cointelegraph



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