With the price of the meme-based token Dogecoin (DOGE) well above the Russian ruble, Ukraine has opened up to DOGE donations for the first time.
The Minister of Digital Transformation of Ukraine, Mikhail Fedorov, ad on Wednesday that the token had “exceeded the value of the Russian ruble” – although the ruble has fallen significantly against the US dollar in the wake of US and EU sanctions, its price has been below DOGE since January 2021. . According to data from Cointelegraph Markets Pro, the Dogecoin price is roughly $0.13 at press time, having fallen less than 1% in the last 24 hours.
However, Fedorov’s message on Twitter also He called on DOGE supporters, including Tesla CEO Elon Musk and Dogecoin founder Billy Markus, to donate to Ukraine’s military and “save lives from Russian invaders.” According to blockchain records, the provided wallet address has received over 397,848 DOGE from 607 transactions, approximately $53,000 at the time of publishing this story.
“Dogecoin people are not usually rich and Dogecoin itself is generally used for small transactions, but we are a passionate and supportive group,” said Markus, who said that he sent funds to Ukraine. “Those who want to help will offer what they can.”
@dogecoin exceeded Russian ruble in value. We start to accept donations in meme coins. 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
The official account of Ukraine on Twitter also said which will hold an airdrop on Thursday for users who donated cryptocurrencies to the country. It is unclear what the officials intend to distribute to cryptocurrency users, but the message hinted at a “reward”:
Airdrop confirmed. Snapshot will be taken tomorrow, on March 3rd, at 6pm Kyiv time (UTC/GMT +2 hours).
Reward to follow!
Follow subsequent news re Ukraine’s crypto donation campaign at @FedorovMykhailo— Ukraine (@Ukraine) March 2, 2022
Fedorov and the nation’s Twitter account have requested other crypto donations following Russia’s military action in the country on Feb. 24, accepting Bitcoin (BTC), Ether (ETH), Polkadot (DOT), and Tether (USDT). However, there are other organizations calling for crypto funds to support Ukraine, including the non-governmental organization Come Back Alive, UkraineDAO, directed by Nadya Tolokonnikova, from the Russian musical group Pussy Riot, and Unchain Fund, run by activists. At the time of writing, blockchain records show that nine tracked funds have raised approximately $79.5 million in crypto donations for Ukraine.
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