This text is contributed by Sadie Williamson, founding father of Williamson Fintech Consulting.

Amid the rising geopolitical pressure and the raging struggle, the Ukrainian authorities has revealed that it’s now accepting Polkadot (DOT) donations. Initially, the Ukrainian authorities was solely accepting Bitcoin (BTC), Ethereum (ETH), and Tether (USDT through the Tron community) in crypto donations. 

This choice comes on the heels of Polkadot founder Gavin Wooden’s touch upon the authentic tweet posted by the Ukrainian authorities’s Twitter deal with. In his tweet, Wooden proposed a private contribution of $5 million in DOT tokens if the federal government shared a DOT handle. Following this point out, Alex Bornyakov, the deputy minister of digital transformation of Ukraine on IT business improvement, shared the DOT handle, additional confirmed by Mykhailo Fedorov, the vice prime minister of Ukraine and minister of digital transformation of Ukraine.

Earlier in the present day, the Ukrainian authorities confirmed through one other tweet that they’re now accepting Polkadot donations as effectively, with extra cryptocurrencies to be accepted quickly. Presently, crypto donations to Ukraine are coming in from everywhere in the world, together with UkraineDAO, a newly launched DAO (decentralized autonomous group) by Nadya Tolokonnikova, founding member of “Russian feminist protest artwork group” Pussy Riot, and Unchain Fund, a worldwide crypto-native fundraising marketing campaign launched on February 25, 2022.

Within the time since Russia invaded Ukraine, international customers have donated hundreds of thousands of {dollars} price of BTC, USDT, and ETH to the Ukrainian authorities and the nonprofit organizations supporting the nation in its time of want. The newest information from main blockchain analytics agency Elliptic reveals that cryptocurrency donations to Ukraine have already reached $30.8 million for the reason that begin of the Russian navy marketing campaign. One other report by Cointelegraph signifies that the overall crypto donations despatched to the Ukrainian authorities, charities, and navy have crossed $37 million price of BTC, ETH, USDT, and a number of other different altcoins.

Apart from the cryptocurrencies accepted by the Ukrainian authorities, NGOs and particular person activists are additionally accepting a variety of crypto donations. To this point, a number of giant donations have been made throughout a number of addresses, together with a $1.86 million donation and two BTC donations price $1.7 million acquired from a single handle. 

Different notable contributions embody the donation of 10 BTC, plus a portion of its hashrate by Braiins, the world’s oldest BTC mining pool, and a complete of 185 ETH contributed by RELI3F, the Web3 humanitarian help initiative. TRON’s Justin Solar has additionally thrown his weight behind the trigger, donating an preliminary 200,000 USDT to the Ukrainian effort.

Lastly, making good on his pledge, Gavin Wooden has since delivered 298,367 DOT to the Ukraine Authorities’s pockets handle, price almost $5.8 million, bringing the overall variety of contributions previous the $6 million mark inside hours of the pockets handle going stay.

Sadie Williamson is the founding father of Williamson Fintech Consulting.