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Ukraine Opens Polkadot Wallet for War Fundraising; Founder Wood Donates $5M in DOT
The Wood donation sent Tuesday brings the total amount of DOT contributed to 309,939 DOT ($6.0 million) as of press time.
By Sam Reynolds
Updated May 11, 2023, 6:56 p.m. Published Mar 1, 2022, 7:26 a.m.
Ukraine expanded its cryptocurrency fundraising efforts by opening a Polkadot wallet after promises of a $5 million personal donation from Polkadot founder Gavin Wood.
- Wood pledged to donate $5 million in DOT in a Sunday tweet.
- Wood sent 298,367 DOT (worth $5.3 million at press time) at 14:10 UTC, according to blockchain data.
— Gavin Wood (@gavofyork) March 1, 2022
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- The Wood donation brings the total amount of DOT contributed to 309,939 DOT ($6.0 million) as of press time.
- It comes as crypto holders the world over pour donations into the war-torn country. Over $20 million in crypto donations have been sent so far, with Binance donating $10 million and industry leaders Sam Bankman-Fried and Deepak Thapliyal also contributing large sums.
- According to digital asset research firm Elliptic, there have been more than 24,000 digital asset donations since the start of the Russian invasion. One bitcoin whale donated $3 million alone.
- DOT is currently trading at $19.36, according to CoinGecko, up 13% in 24 hours as the crypto market continues to rally.
Read more: Crypto Donations to Ukraine Jump to $20M
UPDATE (March 1, 14:30 UTC): Adds Wood donation. Updates numbers.
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