No sooner had the Ukrainian government unveiled an unprecedented airdrop to fund aid for its embattled citizens than the plan was scrapped in favor of utilizing NFTs to raise much-needed cash.
In a tweet Thursday, Mykhailo Fedorov, the vice minister of Ukraine, said the airdrop was cancelled. “Every day there are more and more people willing to help Ukraine to fight back the aggression,” he said. “Instead, we will announce NFTs to support Ukrainian Armed Forces soon. We DO NOT HAVE any plans to issue any fungible tokens.”
The about face comes as a number of blockchain-based projects are scrambling to use cryptocurrencies and applications to speed aid to Ukrainians besieged by the Russian invasion ordered by President Vladimir Putin last week. Polkadot and Tron have jockeyed to get Ukrainian leaders to accept their tokens as aid. A project called UkraineDAO rapidly raised $7M as part of the effort.
UkraineDAO Raises $7M and Builds Global Network of Supporters, Says Co-Founder Alona
CoinDesk reported that the airdrop may have been spoofed before its launch.
When the Ukrainian government announced the airdrop, Tron founder Justin Sun was chastised for tweets complaining about his project’s exclusion.
Crypto Twitter was quickly on the scene.
Ukraine started accepting cryptocurrency donations on Feb. 26 and has raised over $35M so far. News of the airdrop has kicked off a fresh wave of donations, according to a Dune Analytics dashboard.
While it remains unclear what form a potential airdrop will take or what its purpose will be, the announcement seems to have mobilized donations and boosted awareness of the campaign.
The snapshot for the airdrop will be taken at 4PM UTC on March 3.
The official donation addresses can be found below:
Tron USDT: TEFccmfQ38cZS1DTZVhsxKVDckA8Y6VfCy