This is the first time a country has conducted a donation airdrop.
Ukraine will conduct an airdrop to contributors who have made donations to the government’s official cryptocurrency addresses, the country said on Wednesday via its official Twitter account.
“Confirmed airdrop. Tomorrow, March 3rd, at 6 p.m. Kyiv time (UTC/GMT +2 hours), a snapshot will be taken. “Reward for following!” read the tweet.
Airdrop confirmed. Snapshot will be taken tomorrow, on March 3rd, at 6pm Kyiv time (UTC/GMT +2 hours).
Reward to follow!
Follow subsequent news re Ukraine’s crypto donation campaign at @FedorovMykhailo
— Ukraine / Україна (@Ukraine) March 2, 2022
Airdrops are a method by which crypto projects distribute free tokens to their community in order to increase acceptance. Last year, El Salvador airdropped $30 worth of bitcoin to each of its inhabitants. However, Thursday’s airdrop would be the first time a government has conducted an airdrop in exchange for cryptocurrency donations. Ukraine has not specified which token it intends to airdrop.
Ukraine began taking cryptocurrency donations on Feb. 26 in response to Russian forces entering Ukrainian territory as part of a “special military operation.” The country is currently taking donations in the following currencies: bitcoin, ether, USDT, and Polkadot’s DOT tokens.
According to reports, the country has received $33 million in cryptocurrency donations thus far.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.