Ukraine Says 'Airdrop Confirmed’ After Receiving $33M in Crypto Donations

It’s the first time a country will conduct an airdrop for donations.

AccessTimeIconMar 2, 2022 at 7:31 a.m. UTC
Updated May 11, 2023 at 5:28 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Ukraine will conduct an airdrop to donors who have contributed money to its official crypto addresses, the country said on Wednesday through its official Twitter account.

  • “Airdrop confirmed. Snapshot will be taken tomorrow, on March 3rd, at 6 pm Kyiv time (UTC/GMT +2 hours). Reward to follow!,” the tweet read.
  • Airdrops involve crypto projects sending free tokens en masse to their communities in a bid to encourage adoption. El Salvador previously air-dropped $30 worth of bitcoin to each of its citizens last year. The airdrop on Thursday, however, would mark the first time a nation conducts an airdrop for crypto donations. It wasn't clear which token Ukraine plans to air-drop.
  • Ukraine started accepting cryptocurrencies as means of donation on Feb. 26 as Russian troops entered Ukrainian territory in a “special military operation.” The country is accepting donations in bitcoin, ether, USDT and Polkadot’s DOT tokens.
  • The country has received $33 million in crypto donations so far, as reported.

UPDATE (March 2, 09:01 UTC): Changes lead image.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Shaurya Malwa

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


Read more about