Polkadot founder Gavin Wood donates $5 million to Ukraine in DOT

Polkadot founder Gavin Wood donates $5 million to Ukraine DOT

The conflict in Ukraine triggers many people in the world, who mostly take the side of the defendant, to support the country immensely. Not only arms, medical supplies, or gifts for refugees are donated. There is also a solid financial support gifted, among other methods, through cryptocurrencies. A huge donation can boast the founder of Polkadot.

4 million in crypto in just 24 hours

The moving events in Ukraine caused almost everyone to look for a way to help. The Ukrainian government, as well as local foundations, have issued special statements with addresses to transfer funds in cryptocurrencies. The crypto community responded immediately and within the first 24 hours of the conflict, had already supported Ukraine with the equivalent of $4 million. After a week of this event, it is estimated that donations resulting from the transfer of digital assets may already be between $35 million and $40 million.

On Ukraine’s twitter profile, you can find Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) donation addresses to which you can transfer any amount.

The founder of Polkadot, among others, noticed this and decided to act accordingly.

Gavin Wood donates $5 million in DOT

The founder of the Polkadot blockchain made a request to the Ukrainian authorities to add the DOT address to the indicated addresses as well. In return, he decided to donate a sizable bundle of coins in his possession. As it turned out, Ukraine instantly responded to his appeal:

As the content of the tweet says:

“The people of Ukraine are grateful for the support and donations from the global crypto community as we protect our freedom. Now we are also accepting Polkadot donations.”

In response, Gavin Wood made his move the same day. The aforementioned Ukrainian profile thanked him for his support, estimating his donation at $5 million. This amount, according to current estimates (which are steadily rising), could be close to 10% of the total value of all crypto transactions for Ukraine.

This move opens the way for Poladot (DOT) hodlers who did not have resources in other cryptocurrencies but would like to support the fighting Ukrainians. Moreover, it sends a signal to communities with strong ties to their favorite blockchains. Unofficially, it is said that the Ukrainian authorities are willing to accept donations in every possible crypto asset.

As a Blockbulletin team, we support such initiatives and encourage you to take part in them. Together we can make a difference!

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

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