$ 19,138.31
$ 1,330.09
$ 1.00
$ 0.460045
$ 0.497633
$ 1.00
$ 0.000228

Ukraine to Sell NFTs Following the Airdrop Cancellation

Bleta. M
Ukraine's government quickly scrapped its anticipated crypto-airdrop and announced that it would rather sell NFTs to collect funds.

After the invasion of Russia the week prior, Ukraine’s government quickly scrapped its anticipated crypto-airdrop and announced that it would rather sell NFTs to collect funds.

The Minister for Digital Transformation of Ukraine, Mykhailo Fedorov took to Twitter to convey the following:

“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.”

Scam artists had previously seemed to be targeting Ukraine’s fundraising efforts by releasing a bogus token that seemed to be authentic. This cryptocurrency was announced as official by news outlets, and it quickly acquired substantial trading volume on exchange platforms.

However, there were other warning signs, such as the way the token was designed to appear as if it was launched from the public Ethereum address of Ukraine when it was originally launched by another entity altogether.

Though the airdrop is not taking place anymore, it was an effective marketing tool in terms of attracting more contributions. Following the announcement of the airdrop, contributions to Ukraine skyrocketed in relation to the anticipated token, with millions pouring into the country’s accounts.

Even though later donors will not receive the planned token, they will be able to boast that they have been challenged by an independent country.

Also read:

Related News

Cardano currently has more than 3,000 stake pooling and decentralization features

ETH PoS Approach Lags Compared to Cardano’s Says Charles Hoskinson

In an interview, Charles Hoskinson, the founder of Cardano stated that Cardano had a superior proof-of-stake (PoS) strategy over Ethereum, in light of the change in consensus mechanism from PoW to PoS.  Charles Hoskinson discussed the launch of Cardano, the upgrade to Vasil’s hard fork, the launch of Dapps, the LACE light wallet, decentralization, CBDC (Central Bank Digital Currency), as well as the metaverse. The IOG/Cardano Foundation team effectively initiated

Read More »
Immediately following the announcement, Bitcoin's (BTC) price wavered for a while before dropping along with American stocks.

75 Basis Point Rate Hike by the Fed Sends Cryptocurrencies on a Downward Spiral

The much-awaited Fed rate hike has finally been announced, and as predicted, it delivered a significant hit to the larger cryptocurrency market on September 21. 75 bps were added to the Fed’s policy rate, bringing it to a level of 3 – 3.25%. The ensuing rises constitute the central bank’s swiftest change in policy since the 1980s, and this statistic shows a significant rise from March of 2022 when the

Read More »
In a separate move, an impartial third party was already established to investigate the finances of Celsius.

Wrapped Assets to be Issued by Celsius to Compensate Users

According to a newly released voice memo, Celsius Network execs are considering repaying clients by issuing freshly wrapped assets to exchange on other networks. The co-founder and CEO of Celsius, Nuke Goldstein, seems to go into greater detail about the company’s plan to reimburse Earn consumers in the tape that Tiffany Fong published. The earlier leaked meeting audio is attributed to Celsius’s client and public person Fong. The Block claims

Read More »

My Coins

$ 19,138.310.41%
$ 1,330.090.16%
$ 1.000.03%
usd-coinUSD Coin
$ 1.000.01%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy


Contact Us

For any question conatct us through:

[email protected]

Disclaimer: All information and materials on this website are for educational purposes only. does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: [email protected]