By Federico Bruno, Project Manager, and Lucas Malizia, Defi Consultant, FINANFLIX
In the midst of the war in Ukraine, the country announced on February 26, via its official Twitter, that it would accept cryptocurrency donations to help both civilians and military personnel fighting against Russian forces.
At first, this event was mistrusted and it was thought that it could be a scam, as often happens in the crypto world. Even Vitalik Buterin himself, Ethereum’s co-founder, recommended users to verify the veracity of this event.
Later, U.S. diplomat Tomicah Tillemann confirmed that the tweet was actually true.
By February 28, more than $22 million in various cryptocurrencies had been donated. Major names in the crypto world helped reach this amount, including Justin Sun, founder of Tron, and Gavin Woods, founder of Polkadot (CRYPTO: DOT).
After receiving an amount close to $37 million in Bitcoin (CRYPTO: BTC) and other cryptocurrencies, the Ukrainian government decided to compensate all donors and announced a free token distribution campaign, known in…