The Ukrainian government began accepting cryptocurrency donations only three days after Russian President Vladimir Putin launched a “special military operation” against the country. Fedorov stated in a tweet that the value of the meme-inspired cryptocurrency exceeded the Russian ruble, after the country’s fiat currency fell more than 40% due to economic sanctions placed on Russia. It’s unclear what methodology Fedorov employed to calculate the worth of both currencies. The minister went on to say that even memes may now fund our troops and rescue lives against Russian invaders.
@dogecoin exceeded Russian ruble in value. We start to accept donations in meme coin. Now even meme can support our army and save lives from Russian invaders. $DOGE owners of the world, @elonmusk, @BillyM2k, let's do it. Official $DOGE wallet: DS76K9uJJzQjCFvAbpPGtFerp1qkJoeLwL
— Mykhailo Fedorov (@FedorovMykhailo) March 2, 2022
According to a tweet from Ukraine’s official Twitter account, the besieged country is now collecting donations in the form of Bitcoin ($BTC), Ethereum ($ETH), and USDT. Following its announcement, Gavin Wood, the creator of Polkadot ($DOT), vowed to give $5 million if it accepted the cryptocurrency as well. Ukraine’s official Twitter account tweeted a DOT address, followed by a transaction from Wood for 298,367 DOT valued at more than $5.7 million. According to blockchain statistics, receiving DOGE has also benefited the Ukrainian government, as about 280,000 DOGE have already been paid into the country’s wallet.
if you’d like to see the donations coming in, you can view the blockchain transactions: https://t.co/6fYbBpEbW0
260 donations for around 66k doge at the time of this tweet
— Shibetoshi Nakamoto (@BillyM2k) March 2, 2022
Uniswap ($UNI), a leading decentralised exchange, has developed an interface that enables users to effortlessly swap ERC-20 tokens on the Ethereum blockchain and donate them to the Ukrainian government in a single transaction. According to Uniswap, the address supplied by the Ukrainian government appears to be for a controlled cryptocurrency exchange that appears to take just USDT and ETH. Uniswap’s interface was built to allow donations in various coins.