Ukraine cancels its cryptocurrency airdrop and announces that it would instead issue NFTs.
Ukraine’s Minister of Digital Transformation, Mykhailo Fedorov, announced on Twitter that a much-discussed “airdrop” to persons who gave crypto to the country has been cancelled, and that non-fungible tokens (NFTs) to help Ukraine’s Armed Forces will now be planned instead.
“After much thought, we have decided to cancel the airdrop.” Every day, more people are prepared to assist Ukraine in combating the onslaught. Rather, we will shortly introduce NFTs to assist the Ukrainian Armed Forces. “We have no intentions to release any fungible tokens,” Fedorov said today on Twitter.
The planned airdrop, which was first “approved” by the Ukrainian government on March 2, resulted in a surge of crypto donations to the country, with thousands of modest payments ranging from ETH 0.0001 to ETH 0.01 flooding the Ethereum blockchain.
According to Dune Analytics data, the number of unique wallets that donated cryptocurrency after the airdrop announcement has already surpassed the number of unique wallets that donated before the announcement.
Despite the fact that the anticipated airdrop has been postponed, some members of the crypto community who have donated appear to be unfazed.
In response to Fedorov’s post, one person said, “I don’t mind being rugged like that,” while prominent crypto influencer Cobie termed it “the nicest rug ever.”
Others, on the other hand, were not so pleased.
After careful consideration we decided to cancel airdrop. Every day there are more and more people willing to help Ukraine to fight back the agression. Instead, we will announce NFTs to support Ukrainian Armed Forces soon. We DO NOT HAVE any plans to issue any fungible tokens
— Mykhailo Fedorov (@FedorovMykhailo) March 3, 2022
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