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Ukraine cancels the airdrop scheduled for today and announces issuance of NFTs

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The Ukrainian government has canceled the airdrop it was planning to launch today and has announced the issuance of NFTs to support the country’s armed forces. The airdrop was to be launched as a “thank you” to the crypto donations received since the start of the Russian invasion, which at press time total $53.45 million. The information has been offered by Mykhailo Fedorov, Minister of Digital Transformation of Ukraine, on his Twitter profile.

The airdrop could have been canceled due to the criticism that its launch aroused, criticism that has multiplied after its cancellation. Some people have even called it a “rug pull”, a term used in the crypto community to refer to scams. The announcement of the airdrop increased donations by $15 million in just one day.

 

Ukraine, airdrop and NFTs

 

The airdrop was scheduled for today at 6 pm Kiev time. However, details about the conditions for receiving the rewards, or the type of rewards they would give, were never provided. The misinformation baffled many users, who criticized the Ukrainian government for spreading the news of the airdrop to encourage donations.

 

A pointless airdrop

 

Many people did not understand why the money received in donations was used to launch an airdrop, instead of reserving it for the main objective: to help the country in the invasion of Russia. “I can not believe it. Am I the only one who thinks this is wrong? It makes no sense to airdrop the money that people have donated to help the Ukrainian people,” wrote Twitter user @blockya_. Why are they doing an airdrop? Use the money! It does not fit in my head, ”wrote the user @MikeBobich remarkably angry.

 

 

In the same message announcing the cancellation of the airdrop, Fedorov also clarifies that there is no intention to launch their own tokens, as many users had speculated in recent days. Since the beginning of the Russian invasion, the crypto community has turned on Ukraine. According to data from Slowmist, 63% of the aid comes directly from anonymous donations to the accounts that the Ukrainian government facilitated a few days ago in ETH, BTC and DOT. The rest comes from different DAOs and Organizations founded with the aim of raising cryptocurrencies to help Ukraine.

 

According to data from Elliptic, 33% of donations have been made in bitcoin. 32.6% in Ethereum, 15.5% in stablecoins, 14.7% in DOT and the remaining 3.9% in other cryptocurrencies. Yesterday, Uniswap launched an interface that allows any ERC-20 token to be sent directly to the Ukrainian government, so the number of crypto donations is expected to continue to grow exponentially in the coming days.

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