Mykhailo Fedorov cancels Ukraine's crypto airdrop plan, saying the government will instead announce, but not issue, NFTs to support the Ukrainian Armed Forces
🧠 The 4th cohort of Hype-Free Crypto kicks off later this month. Washington Post : Ukraine asked for donations in crypto. Then things got weird. Amelia Isaacs / AltFi : Ukrainian government to sell NFTs to fund war against Russia Sandali Handagama / CoinDesk : Ukraine Government Cancels Airdrop Ahead of Scheduled Snapshot Tim Copeland / The Block : Purported Ukraine airdrop is likely fake and littered with red flags Bloomberg : Ukraine Cancels Crypto ‘Airdrop’ Rewards for Donations Tracy Wang / CoinDesk : No, the ‘Peaceful World’ Token Is Not Ukraine's Secret Airdrop Cristina Criddle / Financial Times : Ukraine plans to issue NFT collection to fund armed forces Jordan Pearson / VICE : Ukraine Cancels Crypto Airdrop, Will Issue NFTs Instead Tweets: @ukraine : 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 @uniswap : 1/ To ensure that everyone who wants to donate ERC-20 tokens to the Ukrainian government 🇺🇦 can do so, we built an interface that swaps any token for ETH and then sends it directly to the Ukrainian government in a single transaction. https://donate.uniswap.org/ https://twitter.com/... @cobie : @FedorovMykhailo This is the best rug ever Jathan Sadowski / @jathansadowski : Uhhh well, what can I say... I'm very sorry and take full responsibility https://twitter.com/... Tom Robinson / @tomrobin : A CryptoPunk worth around $200k has also been donated to the Ukrainian government https://www.elliptic.co/... https://twitter.com/... @crypto_blkbeard : Seriously guys, don't they have enough shit to do right now than thinking about airdrops or NFT's????! https://twitter.com/... @coindesk : CORRECTION: The Peaceful World tokens that appeared to be sent by Ukraine's crypto addresses could have been spoofed, blockchain analysts said. By @shauryamalwa https://www.coindesk.com/... https://twitter.com/... Peter McCormack / @petermccormack : “NFTs to support Ukrainian Armed Forces.” I can't even.... https://twitter.com/... Matt Binder / @mattbinder : some of the replies to this are incredible Ukraine said it would airdrop a reward to people who donated to their wallet. a slew of crypto people gave specifically for that reason now they cancelled the airdrop and crypto people are pissed about donating https://twitter.com/... Nitasha Tiku / @nitashatiku : what if meme warfare but financialized https://www.washingtonpost.com/ ... Mario Gabriele / @mariogabriele : This is wild. If I understand what's happening correctly, we're seeing the creation of something like a crypto-native war bond. Global citizens donate to Ukraine → Ukraine creates new token/NFT → This gives value back to donors ht @WynnLemmons https://twitter.com/... @bollingerbeans : Ukrainian flag avi mfs be like: https://twitter.com/... https://twitter.com/... Brad Sams / @bdsams : jpegs for javelins is the weirdest timeline https://twitter.com/... Jameson Lopp / @lopp : What's that, anon? You got rug pulled by a whole country? War is hell. https://twitter.com/... Alex Van de Sande / @avsa : Not going to say that a country in a war zone should be spending time playing with airdrops, but they are underestimating the stupid amount of money they could've made if they made an airdrop of a dumb meme token and kept 50% of the supply that would sell a little bit every day. https://twitter.com/... @justinsuntron : It is not for me! It is for over 5,000 people has donated to Ukraine🇺🇦 in the first place and expected nothing for return! Charles Arthur / @charlesarthur : I remember when an airdrop during wartime meant dropping physical things through the physical air. https://twitter.com/... Joe Colangelo / @itsjoeco : Ukranian rugs are some of the highest quality rugs in the world and this is no exception. https://twitter.com/... H.E. Justin Sun / @justinsuntron : Answering to the humanitarian appeal from @FedorovMykhailo, TRON community has donated over $1.2M in USDT (TRC20), but now the airdrop just ignores them completely. It is just UNFAIR. We need to fix it! https://twitter.com/... Larry Cermak / @lawmaster : LOL this is galaxy brain stuff https://twitter.com/... Tim Copeland / @timccopeland : There's a lesson in greed here somewhere Maya Zehavi / @mayazi : Sign of our times : the UKR vice PM takes time out to cancel the airdrop & detail NFTs vs. fungible token plans for UKR https://twitter.com/... @9x9x9eth : I feel sorry for those who got rugged!!! (meaning who sent eth with an expectation of getting airdrop) For those who are purely donating, plz send to the Ukraine people not government, since the fund will be 100% for recovery not buying tanks/missles https://twitter.com/... @loopifyyy : ukraine have announced that they are NOT going to do an airdrop but rather NFTs, I think it would have made much more sense for them to go for this path anyways (an open edition donation NFT) thoughts? https://twitter.com/... https://twitter.com/... @hsakatrades : “Man rugs entire crypto ecosystem” Lmao, this was a truly remarkable strategy. Only downside is the next time there's a situation that warrants donations, the parasytic sybil attackers won't participate. But then again, they wouldn't have anyways. https://twitter.com/... @sassal0x : Did you get rugged by the Ukrainian government anon? https://twitter.com/... @degenspartan : rugged, by a country this time? you're going places anon https://twitter.com/... https://twitter.com/... @darrenlautf : 2022 Achievements ✅Rugged by a country Matt Binder / @mattbinder : case in point: look at the recent surge in crypto donations at the end there why the uptick? that's when the Ukraine government's Twitter account announced they'd airdrop a reward (tokens, NFTs) to everyone who donated to their wallet by tomorrow https://twitter.com/... https://twitter.com/... Matt Binder / @mattbinder : the “fast mass coordination” to donate crypto to Ukraine is primarily to pump crypto and get good press for it nothing was stopping crypto people from donating actual money for relief to Ukraine before but then of course crypto people wouldn't be getting anything out of it https://twitter.com/...
Would-be airdrop recipients lose the planned token distribution, and Ukraine's fundraising team must communicate NFTs as the next crypto-facing initiative rather than issue them immediately.
The Ukrainian Armed Forces remain the stated beneficiary, but the government shifts the public mechanism from rewarding donors to announcing a collectible-based campaign.
Second-order effects
NFT buyers, rather than airdrop participants, become the prospective audience for Ukraine's next crypto fundraising channel when the planned sale proceeds.
The change makes official communication more important for Ukraine's donation effort, following its earlier public crypto-wallet requests and the abandoned reward plan.
Third-order effects
If governments continue pairing direct wallet donations with curated digital-asset sales, crisis fundraising may separate transaction utility from donor-engagement products rather than treating airdrops as interchangeable with donations.
The episode fits a legitimacy test for crypto campaigns: public institutions will need to distinguish official fundraising mechanisms from reward expectations as they adopt token-based tools.
The trend: Ukraine's move points to public-sector crypto fundraising evolving from direct donation addresses toward more controlled, explicitly framed NFT campaigns.
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
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
Not going to say that a country in a war zone should be spending time playing with airdrops, but they are underestimating the stupid amount of money they could've made if they made an airdrop of a dumb meme token and kept 50% of the supply that would sell a little bit every day. …
Answering to the humanitarian appeal from @FedorovMykhailo, TRON community has donated over $1.2M in USDT (TRC20), but now the airdrop just ignores them completely. It is just UNFAIR. We need to fix it! https://twitter.com/...
I feel sorry for those who got rugged!!! (meaning who sent eth with an expectation of getting airdrop) For those who are purely donating, plz send to the Ukraine people not government, since the fund will be 100% for recovery not buying tanks/missles https://twitter.com/...
ukraine have announced that they are NOT going to do an airdrop but rather NFTs, I think it would have made much more sense for them to go for this path anyways (an open edition donation NFT) thoughts? https://twitter.com/... https://twitter.com/...
“Man rugs entire crypto ecosystem” Lmao, this was a truly remarkable strategy. Only downside is the next time there's a situation that warrants donations, the parasytic sybil attackers won't participate. But then again, they wouldn't have anyways. https://twitter.com/...
case in point: look at the recent surge in crypto donations at the end there why the uptick? that's when the Ukraine government's Twitter account announced they'd airdrop a reward (tokens, NFTs) to everyone who donated to their wallet by tomorrow https://twitter.com/... https://t…
the “fast mass coordination” to donate crypto to Ukraine is primarily to pump crypto and get good press for it nothing was stopping crypto people from donating actual money for relief to Ukraine before but then of course crypto people wouldn't be getting anything out of it https:…
Over $50 million in crypto has now been donated to the Ukrainian government and NGOs. The number of donations has urged to just over 89,000 since the invasion began. https://www.elliptic.co/...
Another record day of crypto fundraising for the Ukrainian government, with $12.5 million donated. This includes more than 35,000 ethereum transactions, following the announcement of an “airdrop” for donors. https://www.elliptic.co/...
UkraineDAO has auctioned off an NFT of the Ukrainian flag for $6.5 million in ETH - the 10th most expensive NFT ever sold. The proceeds will be donated to the Ukrainian NGO, Come Back Alive. https://www.elliptic.co/... https://twitter.com/...
The most lucrative day of crypto fundraising for the Ukrainian government so far - $10.7 million received. This includes $5.8 million in DOT from Polkadot founder @gavofyork and $1 million in Tether from another donor. https://www.elliptic.co/...
Over $30 million in crypto has now been donated to the Ukrainian government and NGOs - including a $5.8 million donation today from the founder of @Polkadot https://www.elliptic.co/...
1/ To ensure that everyone who wants to donate ERC-20 tokens to the Ukrainian government 🇺🇦 can do so, we built an interface that swaps any token for ETH and then sends it directly to the Ukrainian government in a single transaction. https://donate.uniswap.org/ https://twitter.co…
CORRECTION: The Peaceful World tokens that appeared to be sent by Ukraine's crypto addresses could have been spoofed, blockchain analysts said. By @shauryamalwa https://www.coindesk.com/... https://twitter.com/...
some of the replies to this are incredible Ukraine said it would airdrop a reward to people who donated to their wallet. a slew of crypto people gave specifically for that reason now they cancelled the airdrop and crypto people are pissed about donating https://twitter.com/...
This is wild. If I understand what's happening correctly, we're seeing the creation of something like a crypto-native war bond. Global citizens donate to Ukraine → Ukraine creates new token/NFT → This gives value back to donors ht @WynnLemmons https://twitter.com/...
Live update: The Ukrainian government - and NGOs providing support to the military - have raised $35 million. This includes a $5.8 million donation by @Polkadot founder Gavin Wood, and a CryptoPunk NFT worth over $200,000 https://www.elliptic.co/... #crypto #NFT #ukraine
new from me & @jeremybmerrill *Ukraine so far spent crypto donations on non-lethal supplies like drones, bullet-proof vests, petrol *mostly converting to Euros, using obscure coins first, keeping BTC & ETH in reserve *0⃣NFTs sold *🤑spike after airdrop https://www.washingtonpost.c…